3 E Network Technology Group Limited filed a Form 6-K with the SEC on October 29, 2026, disclosing that its Board of Directors approved a further 2-for-1 consolidation of the company's issued and unissued ordinary shares on October 28, 2026.

Key Highlights

  • Second consolidation approved: The Board of Directors approved a further 2-for-1 share consolidation on October 28, 2026, combining every two shares into one for both Class A and Class B ordinary shares.
  • Cumulative 4-for-1 effect: According to the filing, the further consolidation, combined with the previously announced 2-for-1 consolidation approved on October 10, 2026, results in a cumulative 4-for-1 share consolidation.
  • Par value change: Class A and Class B ordinary shares will move from a par value of US$0.005 per share to US$0.01 per share following the consolidation.
  • Trading resumes post-consolidation: The company disclosed that its Class A ordinary shares are expected to begin trading on a post-consolidation basis when the market opens on October 30, 2026.
  • Exchange listing maintained: The company's Class A ordinary shares will continue to trade on NASDAQ:MASK under the symbol "MASK" on the Nasdaq Capital Market.

3E Network's Board Completes Second Round of Share Consolidation

On October 28, 2026, the Board of Directors of 3 E Network Technology Group Limited approved what the filing describes as a "further 2-for-1 consolidation" of the company's issued and unissued shares. Under the terms disclosed, every two issued and unissued Class A ordinary shares, previously carrying a par value of US$0.005 per share, would be consolidated into one Class A ordinary share with a par value of US$0.01 per share. The same terms apply to Class B ordinary shares.

The filing notes that this action follows a prior 2-for-1 share consolidation approved by the Board on October 10, 2026, which was reported in a Form 6-K furnished to the SEC on October 23, 2026. The company disclosed that the two consolidations together produce a cumulative 4-for-1 share consolidation, referred to in the filing as the "Consolidation."

According to the filing, the company's Class A ordinary shares are expected to begin trading on a post-consolidation basis when the market opens on October 30, 2026, and will continue to trade on the Nasdaq Capital Market under the symbol "MASK." The filing was signed by Tingjun Yang, Chief Executive Officer and Director, on October 29, 2026. A press release announcing the further share consolidation was issued on October 28, 2026, and was furnished as Exhibit 99.1 to the Form 6-K.

What Was Disclosed

3 E Network Technology Group Limited disclosed a second 2-for-1 share consolidation approved on October 28, 2026, which, combined with an earlier consolidation, produces a cumulative 4-for-1 reduction in share count, with post-consolidation trading expected to begin October 30, 2026.