3 E Network Enters ELOC Agreement for Up to $20 Million with Institutional Investor

Core Viewpoint - 3 E Network Technology Group Limited has entered into a securities purchase agreement to access up to US$20 million through an equity line of credit facility, enhancing its capital flexibility for various corporate purposes [1][3]. Group 1: Securities Purchase Agreement - The agreement allows the company to issue and sell Class A ordinary shares to an institutional investor, with the right but not the obligation to do so [1]. - The purchase price for the shares will be determined based on the market price during a specified measurement period [2]. Group 2: Use of Proceeds - Proceeds from the sales of ordinary shares under the equity line of credit may be utilized for general corporate purposes, including working capital, project development, and production financing [3]. Group 3: Company Overview - 3 E Network Technology Group Limited is focused on providing B2B IT business solutions and aims to become a next-generation AI infrastructure solutions provider [4]. - The company operates primarily in two portfolios: data center operation services and software development [4].