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3 E Network approves two-for-one share consolidation

3 E Network Technology Group Limited’s board approved a 2-for-1 consolidation of its Class A and Class B ordinary shares on October 10, 2026.

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Form Type
6-K

Rhea-AI Filing Summary

3 E Network Technology Group Limited’s board approved a 2-for-1 consolidation of its Class A and Class B ordinary shares on October 10, 2026. Each two issued and unissued shares of either class will automatically combine into one. Split-adjusted trading is expected to begin when the market opens on October 30, 2026, under the same MASK symbol.

The company states that total issued and outstanding Class A shares will change from 5,230,209 to approximately 2,615,105, and Class B shares from 23,200 to approximately 11,600. Fractional entitlements will be rounded up to the next whole share. Authorized Class A shares will change from 100,000,000 to 50,000,000, and authorized Class B shares from 50,000,000 to 25,000,000.

Insights

Analyzing...

Share consolidation ratio 2-for-1 Class A and Class B ordinary shares
Issued and outstanding Class A shares before consolidation 5,230,209 shares Stated before the consolidation
Issued and outstanding Class A shares after consolidation approximately 2,615,105 shares Stated after the consolidation
Issued and outstanding Class B shares before consolidation 23,200 shares Stated before the consolidation
Issued and outstanding Class B shares after consolidation approximately 11,600 shares Stated after the consolidation
Authorized Class A shares 100,000,000 to 50,000,000 shares Change stated for the consolidation
Authorized Class B shares 50,000,000 to 25,000,000 shares Change stated for the consolidation
Share Consolidation technical
"with a ratio of 2-for-1 (the “Share Consolidation”)"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
split-adjusted basis technical
"trade on the Nasdaq Capital Market on a split-adjusted basis"
An adjustment to historical share prices and share counts that reflects past stock splits or reverse splits so that old data lines up with the current number of shares. Think of it like resizing an old photograph so it matches a new frame: it keeps price charts, returns and per‑share metrics comparable over time, which matters to investors who need accurate performance, valuation and trend analysis.
fractional entitlements technical
"any fractional entitlements will be rounded up to the next whole number"
Fractional entitlements occur when a corporate action (like a dividend, stock split, rights offering or consolidation) would give a shareholder a non-whole share or security — for example, 0.5 of a share. Companies typically settle these fractions by paying a small cash amount or rounding up/down, and this matters to investors because it changes cash balances, can slightly alter ownership percentages, and may have small tax and record-keeping implications, much like receiving change after splitting a bill.
authorized share capital financial
"the Company’s authorized share capital will be changed"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
Split Ratio 1-for-2 reverse split
Effective Date October 30, 2026
Shares Before Split 5,230,209
Shares After Split 2,615,105
Other Share Class After Split 11,600

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is MASK’s share consolidation ratio, and when is split-adjusted trading expected to start?

The consolidation is 2-for-1, and split-adjusted trading is expected to begin when the market opens on October 30, 2026.

What happens to fractional shares in MASK’s consolidation?

Fractional shares will not be issued; fractional entitlements will be rounded up to the next whole number.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission file number: 001-42466

 

3 E NETWORK TECHNOLOGY GROUP LIMITED

(Exact name of registrant as specified in its charter)

 

No.118 Connaught Road West, 3003-2

Hong Kong, China, 999077

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

On October 10, 2026, the Board of Directors of 3 E Network Technology Group Limited (the “Company”) approved, among other things, a Share Consolidation of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares”), with a ratio of 2-for-1 (the “Share Consolidation”). Pursuant to the Board resolutions, at the effective time of the Share Consolidation, each two issued and unissued Class A Ordinary Shares will be automatically combined into one Class A Ordinary Share, and each two issued and unissued Class B Ordinary Shares will be automatically combined into one Class B Ordinary Share. All fractional shares resulting from the Share Consolidation will not be issued to shareholders; instead, any fractional entitlements will be rounded up to the next whole number.

 

The Company’s Class A Ordinary Shares will continue to trade on the Nasdaq Capital Market under the symbol “MASK” and are expected to begin trading on a post-Consolidation basis when the market opens on October 30, 2026.

 

On October 23, 2026, the Company issued a press release announcing the Share Consolidation. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K and is incorporated herein by reference.

 

1

 

 

Exhibit Index

 

Exhibit No.   Description
99.1   Press Release

 

2

 

 

Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  3 E Network Technology Group Limited
   
  By: /s/ Tingjun Yang
  Name:  Tingjun Yang
  Title: Chief Executive Officer, Director

 

Date: October 23, 2026

 

 

3

 

Exhibit 99.1

 

3 E Network Technology Group Limited Announces 2 for 1 Share Consolidation

 

Hong Kong, China, October 23, 2026 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, today announced that the Company’s board of directors approved on October 10, 2026 that the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares”) be consolidated on a 2 for 1 ratio with the marketplace effective date of October 30, 2026.

 

Beginning with the opening of trading on October 30, 2026, the Company’s Class A Ordinary Shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol “MASK” but under a new CUSIP Number, G8849D136.

 

As a result of the share consolidation, each two (2) ordinary shares outstanding will automatically combine and convert to one (1) issued and outstanding ordinary share without any action on the part of the shareholders. No fractional shares will be issued to any shareholders in connection with the share consolidation, and any fractional shares which would have resulted from the share consolidation will be rounded up to the next whole number.

 

At the time the share consolidation is effective, the Company’s authorized share capital will be changed from US$375,000 divided into: (i) 100,000,000 Class A Ordinary Shares of par value of US$0.0025 each, and (ii) 50,000,000 Class B Ordinary Shares of par value of US$0.0025 each, to US$375,000 divided into: (i) 50,000,000 Class A Ordinary Shares with a par value of US$0.005 each, and (ii) 25,000,000 Class B Ordinary Shares with a par value of US$0.005 each. The Company’s total issued and outstanding Class A Ordinary Shares will be changed from 5,230,209 Class A Ordinary Shares with a par value of US$0.0025 each to approximately 2,615,105 Class A Ordinary Shares with a par value of US$0.005 each. The Company’s total issued and outstanding Class B Ordinary Shares will be changed from 23,200 Class B Ordinary Shares with a par value of US$0.0025 each to approximately 11,600 Class B Ordinary Shares with a par value of US$0.005 each.

 

About 3 E Network Technology Group Limited

 

3 E Network Technology Group Limited is a business-to-business (“B2B”) information technology (“IT”) business solutions provider, committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider. It upholds the industry consensus of “AI and energy symbiosis” and has excellent vision in the field of energy investment. The Company’s business comprises two main portfolios: the data center operation services portfolio and the software development portfolio. For more information, please visit the Company’s website at https://3emask.com/.

 

Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

 

For more information, please contact:

 

3 E Network Technology Group Limited

 

Investor Relations Department

 

Email: ird@3emask.com

 

Website: https://3emask.com/

 

 

 

Filing Exhibits & Attachments

1 document

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