3 E Network Technology Group Limited Announces Closing of US$5.0 million Private Placement

HONG KONG, Nov. 13, 2026 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, today announced the closing of its previously announced private placement of Class A ordinary shares, par value US$0.01 per share, at a purchase price of approximately US$3.634 per share (the “Private Placement”).

Under the subscription agreement dated October 23, 2026 (the “Subscription Agreement”), entered into by the Company, 3E NETWORK TECHNOLOGY PTE. LTD., an entity controlled by the Company’s Chief Executive Officer, Dr. Tingjun Yang (the “Yang Investor”), and six individual investors (together with the Yang Investor, the “Purchasers”), the Yang Investor agreed to subscribe for 578,911 Class A Ordinary Shares for $2,103,764.12, and each of the six individual purchasers agreed to subscribe for 132,830 Class A Ordinary Shares for $482,705.98, in each case on a post-share consolidation basis. Each Purchaser’s obligations are several and not joint. The closing of the US$5.0 million Private Placement occurred on November 13, 2026.