3 E Network Technology Group Limited Announces Further Share Consolidation Resulting in a Cumulative 4 for 1 Ratio

HONG KONG, Oct. 28, 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 that the Company’s board of directors approved on October 28, 2026 a further 2 for 1 consolidation of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares”), 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’s 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.