{"id":1013250,"date":"2026-10-23T16:13:27","date_gmt":"2026-10-23T20:13:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\/"},"modified":"2026-10-23T16:13:27","modified_gmt":"2026-10-23T20:13:27","slug":"3-e-network-technology-group-limited-announces-2-for-1-share-consolidation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\/","title":{"rendered":"3 E Network Technology Group Limited Announces 2 for 1 Share Consolidation"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HONG KONG, Oct.  23, 2026  (GLOBE NEWSWIRE) &#8212; 3 E Network Technology Group Limited (Nasdaq: MASK) (the \u201cCompany\u201d or \u201c3e Network\u201d), a business-to-business (\u201cB2B\u201d) information technology (\u201cIT\u201d) business solutions provider, today announced that the Company\u2019s board of directors approved on October 10, 2026 that the Company\u2019s Class A ordinary shares (the \u201cClass A Ordinary Shares\u201d) and Class B ordinary shares (the \u201cClass B Ordinary Shares\u201d) be consolidated on a 2 for 1 ratio with the marketplace effective date of October 30, 2026.<\/p>\n<p align=\"justify\">Beginning with the opening of trading on October 30, 2026, the Company\u2019s Class A Ordinary Shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol \u201cMASK\u201d but under a new CUSIP Number, G8849D136.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">At the time the share consolidation is effective, the Company\u2019s 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\u2019s 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\u2019s 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.<\/p>\n<p align=\"justify\">\n        <strong>About 3 E Network Technology Group Limited<\/strong>\n      <\/p>\n<p align=\"justify\">3 E Network Technology Group Limited is a business-to-business (&#8220;B2B&#8221;) information technology (&#8220;IT&#8221;) business solutions provider, committed to becoming a next-generation artificial intelligence (&#8220;AI&#8221;) infrastructure solutions provider. It upholds the industry consensus of \u201cAI and energy symbiosis\u201d and has excellent vision in the field of energy investment. The Company\u2019s business comprises two main portfolios: the data center operation services portfolio and the software development portfolio. For more information, please visit the Company\u2019s website at https:\/\/3emask.com\/.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>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\u2019s 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 \u201capproximates,\u201d \u201cassesses,\u201d \u201cbelieves,\u201d \u201chopes,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmay\u201d 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\u2019s registration statement and other filings with the U.S. Securities and Exchange Commission.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>3 E Network Technology Group Limited<br \/><\/strong>Investor Relations Department<br \/>Email: ird@3emask.com<br \/>Website: https:\/\/3emask.com\/<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1MTg5NiM3OTEyNjcyIzIzMDU4NTM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NWVlOTAyM2QtYjk1OC00Yjk4LTkzZmYtOTZlZWUxMThhNWNjLTEzMTc0MDMtMjAyNi0xMC0yMy1lbg==\/tiny\/3E-Network-Technology-Group-Li.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG, Oct. 23, 2026 (GLOBE NEWSWIRE) &#8212; 3 E Network Technology Group Limited (Nasdaq: MASK) (the \u201cCompany\u201d or \u201c3e Network\u201d), a business-to-business (\u201cB2B\u201d) information technology (\u201cIT\u201d) business solutions provider, today announced that the Company\u2019s board of directors approved on October 10, 2026 that the Company\u2019s Class A ordinary shares (the \u201cClass A Ordinary Shares\u201d) and Class B ordinary shares (the \u201cClass B Ordinary Shares\u201d) 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\u2019s Class A Ordinary Shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol \u201cMASK\u201d but under a new CUSIP Number, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;3 E Network Technology Group Limited Announces 2 for 1 Share Consolidation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1013250","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 E Network Technology Group Limited Announces 2 for 1 Share Consolidation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 E Network Technology Group Limited Announces 2 for 1 Share Consolidation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HONG KONG, Oct. 23, 2026 (GLOBE NEWSWIRE) &#8212; 3 E Network Technology Group Limited (Nasdaq: MASK) (the \u201cCompany\u201d or \u201c3e Network\u201d), a business-to-business (\u201cB2B\u201d) information technology (\u201cIT\u201d) business solutions provider, today announced that the Company\u2019s board of directors approved on October 10, 2026 that the Company\u2019s Class A ordinary shares (the \u201cClass A Ordinary Shares\u201d) and Class B ordinary shares (the \u201cClass B Ordinary Shares\u201d) 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\u2019s Class A Ordinary Shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol \u201cMASK\u201d but under a new CUSIP Number, &hellip; Continue reading &quot;3 E Network Technology Group Limited Announces 2 for 1 Share Consolidation&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-23T20:13:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1MTg5NiM3OTEyNjcyIzIzMDU4NTM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"3 E Network Technology Group Limited Announces 2 for 1 Share Consolidation\",\"datePublished\":\"2026-10-23T20:13:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\\\/\"},\"wordCount\":633,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg1MTg5NiM3OTEyNjcyIzIzMDU4NTM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/3-e-network-technology-group-limited-announces-2-for-1-share-consolidation\\\/\",\"name\":\"3 E Network Technology Group Limited Announces 2 for 1 Share Consolidation - 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