Nasdaq Alerts 3 E Network Technology Group to Minimum Bid Price Deficiency

HONG KONG, Sept. 29, 2025 — 3 E Network Technology Group Limited (Nasdaq: MASK), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, referred to herein as “the Company” or “3E Network,” announced today that it received a deficiency letter (“the Notice”) from the Nasdaq Listing Qualifications Department (“the Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) on September 25, 2025. The Notice informed the Company that its ordinary shares (“Ordinary Shares”) were not in compliance with the $1.00 per share minimum bid price requirement for continued listing on The Nasdaq Capital Market. This non-compliance, stipulated by Nasdaq Listing Rule 5550(a)(2) (“the Minimum Bid Price Requirement”), was due to the closing bid price of the Company’s Ordinary Shares remaining below $1.00 for 30 consecutive business days between August 13, 2025, and September 24, 2025.

The Notice does not immediately affect the continued listing status of the Ordinary Shares on The Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar-day period, ending March 24, 2026, to regain compliance. If, at any point before this deadline, the closing bid price of the Ordinary Shares is $1.00 or higher for a minimum of 10 consecutive business days, the Staff will issue written confirmation of the Company’s compliance with the Minimum Bid Price Requirement, resolving the matter. Should the Company opt for a reverse stock split, it must be finalized at least ten business days prior to March 24, 2026, to meet compliance.

If the Company fails to regain compliance with the Minimum Bid Price Requirement within the initial 180-calendar-day period, it may be eligible for an extension of the compliance period.

To qualify for an extension, the Company must satisfy the continued listing criteria for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement. Additionally, it will need to provide written notification of its intention to remedy the deficiency during the second compliance period, possibly by implementing a reverse stock split. If these conditions are met, Nasdaq will grant the Company an additional 180 calendar days. However, if the Staff determines that the Company is unlikely to cure the deficiency, or if the Company otherwise does not meet eligibility requirements, Nasdaq will issue a notice indicating that its securities are subject to delisting.

The Company’s business operations remain unaffected by the receipt of this Notification Letter. The Company plans to diligently monitor the closing bid price of its Ordinary Shares and assess all available strategies to regain compliance with the Minimum Bid Price Requirement.

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. Through its two subsidiaries, Guangzhou 3e Network technology company limited (PRC) and 3E Network technology company limited (Hong Kong), the Company initially offered integrated software and hardware solutions for property management and exhibition services. Over time, 3 E Network expanded its software solutions offerings to serve various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities. The Company’s business is structured into two primary portfolios: software development and exhibition and conference services. For more information, please visit the Company’s website at  .

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements encompass statements regarding plans, objectives, goals, strategies, future events or performances, underlying assumptions, and other statements that are not historical facts. The Company signifies forward-looking statements through the use of words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not pertain exclusively to historical matters. It is important to note that forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations outlined in such statements. These statements are subject to various uncertainties and risks, including, but not limited to: the Company’s capacity to achieve its goals and strategies; its future business development and plans, including its financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; technological changes; government regulations; import and export restrictions; fluctuations in general economic and business conditions; the Company’s ability to comply with Nasdaq continued listing standards; and assumptions underlying or related to any of the foregoing, as well as other risks detailed in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). For these reasons, among others, investors are advised not to place undue reliance upon any forward-looking statements within this press release. Additional factors are discussed in the Company’s filings with the SEC, including its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company assumes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that emerge after the date hereof.

For additional information, please contact:

3 E Network Technology Group Limited
Investor Relations Department
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