Key Highlights

● 3 E Network Technology Group Limited furnished a Form 6-K disclosing the appointment of Chunhui Zhu as an independent director and Audit Committee chairperson for a three-year term running from September 22, 2026 to September 21, 2029.

● Zhu's appointment follows the resignation of Hao Liu from the same independent director and Audit Committee chair positions, effective the same date, and the filing does not explain why Liu resigned.

● Beyond the Audit Committee, Zhu also joins the Compensation Committee and the Nominating and Corporate Governance Committee, giving him a seat on all three of the board's key oversight committees.

● Zhu, 50, will be paid $30,000 annually in quarterly installments plus expense reimbursement, and holds a bachelor's degree in accounting from Beijing Technology and Business University along with the Fellow of the Institute of Financial Accountants designation.

3 E Network Technology Group Limited (NASDAQ:MASK), a British Virgin Islands-incorporated company, furnished a Form 6-K disclosing the appointment of Chunhui Zhu as an independent director and Audit Committee chairperson for a three-year term running from September 22, 2026 to September 21, 2029.

The Appointment

Zhu's appointment follows the resignation of Hao Liu from the same positions, independent director and Audit Committee chair, effective the same date, September 22, 2026. Beyond the audit role, Zhu also joins the company's Compensation Committee and its Nominating and Corporate Governance Committee, giving him a seat on all three of the board's key oversight committees.

Zhu's Background

Zhu, 50, brings a mix of finance and Supply chain experience. His most recent role has been at Zhifu (Shanghai) Technology Service Co., Ltd., where he has worked in enterprise services since 2018. Earlier in his career, he worked in cross-border E-commerce and Venture Capital advisory, and before that held positions spanning logistics, retail, and consumer goods at larger companies. He holds a bachelor's degree in accounting from Beijing Technology and Business University, awarded in 1997, and carries the Fellow of the Institute of Financial Accountants (FFA) designation.

Compensation and Terms

Under the director offer letter referenced in the filing, Zhu will be paid $30,000 annually, paid in quarterly installments, plus reimbursement for documented business expenses. He is also eligible to participate in any share incentive plan the company may adopt in the future. In exchange, Zhu has agreed to standard director obligations: maintaining confidentiality of non-public company information, refraining from competing businesses (with a narrow exception allowing passive ownership stakes under 5% in public companies), not soliciting company employees, and assigning to the company any intellectual property he creates while performing his director duties.

What the Filing Does Not Disclose

The 6-K does not explain why Hao Liu resigned from the Audit Committee chair and independent director roles, nor does it state whether Liu's departure involved any disagreement with the company or its board. It also does not disclose whether the board considered other candidates before selecting Zhu, and it provides no detail about 3 E Network Technology Group's current financial results, business strategy, or the specific industry challenges the company faces, the filing is narrowly limited to the governance and compensation terms of Zhu's appointment.

Company Background

3 E Network Technology Group Limited is incorporated in the British Virgin Islands and trades on Nasdaq; as a foreign private issuer, it reports certain events using Form 6-K rather than the Form 8-K used by U.S. domestic issuers, which is why this filing takes that format despite covering substantially the same type of governance event, a director and audit chair change, that a domestic company would report on an 8-K.

Disclosure Cadence Ahead for This Foreign Private Issuer

Investors should watch for the company's next Annual Report or governance disclosure that might explain Hao Liu's departure in more detail. Zhu's three-year term running through September 21, 2029 also marks the next point at which the company will need to address renewal or replacement of its Audit Committee chair.

Because 3 E Network Technology Group reports as a foreign private issuer, U.S. investors following the stock should note that its disclosure obligations differ somewhat from those of domestic Nasdaq-listed companies, including less frequent periodic reporting requirements than the quarterly filings required of U.S. issuers. That makes governance disclosures like this 6-K, which arrive on an as-needed basis tied to specific corporate events, one of the more direct windows into board-level changes at the company between its annual report filings.