3 E Network Announces Closing of $1.0 Million Private Placement with CEO-Affiliated Entity

HONG KONG, Sept. 21, 2026 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3 E Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced the closing of its previously announced $1.0 million private placement with an entity affiliated with the Company’s Chief Executive Officer. The Company has received the proceeds from the private placement.

The Company announced the transaction in early September. The closing and funding of this private placement underscore the CEO’s and management’s ongoing commitment to the Company’s AI strategy and its long-term business objectives.