{"id":1014717,"date":"2026-10-28T14:36:26","date_gmt":"2026-10-28T18:36:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/3-e-network-technology-group-limited-announces-further-share-consolidation-resulting-in-a-cumulative-4-for-1-ratio\/"},"modified":"2026-10-28T14:36:26","modified_gmt":"2026-10-28T18:36:26","slug":"3-e-network-technology-group-limited-announces-further-share-consolidation-resulting-in-a-cumulative-4-for-1-ratio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/3-e-network-technology-group-limited-announces-further-share-consolidation-resulting-in-a-cumulative-4-for-1-ratio\/","title":{"rendered":"3 E Network Technology Group Limited Announces Further Share Consolidation Resulting in a Cumulative 4 for 1 Ratio"},"content":{"rendered":"
\n

HONG KONG, Oct. 28, 2026 (GLOBE NEWSWIRE) — 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 28, 2026 a further 2 for 1 consolidation of the Company\u2019s Class A ordinary shares (the \u201cClass A Ordinary Shares\u201d) and Class B ordinary shares (the \u201cClass B Ordinary Shares\u201d), resulting in a cumulative 4 for 1 share consolidation when combined with the previously announced 2 for 1 share consolidation.<\/p>\n

As previously announced in the Company\u2019s press release dated October 23, 2026, the Company approved a 2 for 1 share consolidation and has amended its memorandum of association to reflect that consolidation. Under the further 2 for 1 share consolidation, every two (2) ordinary shares of par value US$0.005 each following the previously announced consolidation will be consolidated into one (1) ordinary share of par value US$0.01 each. Accordingly, the two consolidations together will consolidate every four (4) ordinary shares of par value US$0.0025 each into one (1) ordinary share of par value US$0.01 each.<\/p>\n

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 cumulative 4 for 1 split-adjusted basis, under the same symbol \u201cMASK\u201d and the previously announced CUSIP Number, G8849D136.<\/p>\n

As a result of the previously announced 2 for 1 share consolidation and the further 2 for 1 share consolidation, each four (4) ordinary shares outstanding prior to these consolidations 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 further share consolidation, and any fractional shares which would have resulted from the further share consolidation will be rounded up to the next whole number.<\/p>\n

As a result of the previously announced 2 for 1 share consolidation and the further 2 for 1 share consolidation, representing a cumulative 4 for 1 share consolidation, 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, in each case before the share consolidation announced on October 23, 2026, to US$375,000 divided into: (i) 25,000,000 Class A Ordinary Shares with a par value of US$0.01 each, and (ii) 12,500,000 Class B Ordinary Shares with a par value of US$0.01 each, following completion of both consolidations. On the same basis, 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 1,307,553 Class A Ordinary Shares with a par value of US$0.01 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 5,800 Class B Ordinary Shares with a par value of US$0.01 each.<\/p>\n

\n About 3 E Network Technology Group Limited<\/strong>\n <\/p>\n

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 \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

\n Forward-Looking Statements<\/strong>\n <\/p>\n

\n 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

\n For more information, please contact:<\/strong>\n <\/p>\n

\n 3 E Network Technology Group Limited<\/strong>\n <\/p>\n

Investor Relations Department<\/p>\n

Email: ird@3emask.com<\/p>\n

Website: https:\/\/3emask.com\/<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HONG KONG, Oct. 28, 2026 (GLOBE NEWSWIRE) — 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 28, 2026 a further 2 for 1 consolidation of the Company\u2019s Class A ordinary shares (the \u201cClass A Ordinary Shares\u201d) and Class B ordinary shares (the \u201cClass B Ordinary Shares\u201d), resulting in a cumulative 4 for 1 share consolidation when combined with the previously announced 2 for 1 share consolidation. As previously announced in the Company\u2019s press release dated October 23, 2026, the Company approved a 2 for 1 share consolidation and has amended its memorandum of association to … <\/p>\n

Continue reading “3 E Network Technology Group Limited Announces Further Share Consolidation Resulting in a Cumulative 4 for 1 Ratio”<\/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-1014717","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n3 E Network Technology Group Limited Announces Further Share Consolidation Resulting in a Cumulative 4 for 1 Ratio - 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-further-share-consolidation-resulting-in-a-cumulative-4-for-1-ratio\/\" \/>\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 Further Share Consolidation Resulting in a Cumulative 4 for 1 Ratio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HONG KONG, Oct. 28, 2026 (GLOBE NEWSWIRE) — 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 28, 2026 a further 2 for 1 consolidation of the Company\u2019s Class A ordinary shares (the \u201cClass A Ordinary Shares\u201d) and Class B ordinary shares (the \u201cClass B Ordinary Shares\u201d), resulting in a cumulative 4 for 1 share consolidation when combined with the previously announced 2 for 1 share consolidation. 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