3 E Network Announces Entry into Material Definitive Agreement, Related Party Transaction and Unregistered Sale of Equity Securities

3 E Network Technology Group Limited (Nasdaq: MASK) announced a private placement of 2,751,789 Class A ordinary shares at $1.8170 per share, raising $5 million in gross proceeds. The placement includes a related-party transaction with the Yang Investor (controlled by CEO Dr. Tingjun Yang) subscribing for 1,157,823 shares, alongside six individual accredited investors. The shares will be issued post a two-for-one consolidation effective October 30, 2026, and proceeds will be used for general working capital and business operations.