HONG KONG, May  08, 2026  (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (NASDAQ:MASK) (the &#34;Company&#34; or &#34;3 E Network&#34;), a business-to-business (&#34;B2B&#34;) information technology (&#34;IT&#34;) business solutions provider

MASK

3 E Network Launches Proactive Financing Strategy to Accelerate Semiconductor Blueprint, Officially Establishing Chip Business Unit

MASK Secures $1.3 Million to Propel AI Semiconductor Business

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  <section data-block="information">
    <h3>Information</h3>
    <p>HONG KONG, May  08, 2026  (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (NASDAQ:MASK) (the &amp;#34;Company&amp;#34; or &amp;#34;3 E Network&amp;#34;), a business-to-business (&amp;#34;B2B&amp;#34;) information technology (&amp;#34;IT&amp;#34;) business solutions provider</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>3 E Network Technology Group (NASDAQ: MASK) announced a $1.3 million funding through a convertible note to advance its semiconductor and AI infrastructure strategy. This capital will support the launch of its Chip Business Unit, enhancing its ability to develop proprietary storage chips essential for AI applications, potentially increasing market competitiveness.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>MASK secures $1.3 million convertible note for semiconductor strategy.</li><li>Funds will help launch Chip Business Unit, focusing on AI chip development.</li><li>Plans include establishing R&amp;D hubs and recruiting elite talent in semiconductors.</li><li>Investment aims to accelerate proprietary storage chip development for AI applications.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>3 E Network Technology Group Limited (MASK)</strong>: Transforming into a key player in AI infrastructure with new funding.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as MASK announces strategic moves towards establishing its own semiconductor capabilities, crucial for enhancing its AI infrastructure offerings.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The $1.3 million funding may bolster investor confidence in MASK&#039;s growth potential.</li><li>Establishment of the Chip Business Unit could attract further institutional investment.</li><li>Success in developing proprietary chips could dominate AI infrastructure space.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>MASK has secured a $1.3 million convertible note with an institutional investor.</li><li>The newly announced Chip Business Unit aims for proprietary technology development.</li><li>Investment focuses on core storage chips for AI applications and supply chain support.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy MASK for long-term growth as it pivots towards proprietary AI semiconductor development.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">HONG KONG, May  08, 2026  (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MASK">MASK</a>) (the "Company" or "3 E Network"), a business-to-business ("B2B") information technology ("IT") business solutions provider committed to becoming a next-generation artificial intelligence ("AI") infrastructure solutions provider, today announced the advancement of a proactive capital-raising strategy designed to robustly fund its recently unveiled semiconductor and compute infrastructure blueprint.</p>  <p align="justify">The Company has secured a $1.3 million convertible note agreement with an institutional investor. This capital, along with ongoing financing initiatives, will directly fuel the "Vertically Integrated Ecosystem" strategy led by Vice President Mr. Siyang Hu, accelerating the Company&#39;s evolution from a system integrator to a developer of proprietary underlying core chips.</p>  <p align="justify"><strong>Capitalizing on the Blueprint: Strategically Launching the Chip Business Unit</strong></p>  <p align="justify">To translate its strategic blueprint into tangible commercial assets, 3 E Network announced that it is utilizing recently raised and future capital to officially initiate the comprehensive formation of its Chip Business Unit (CBU). Capital allocation will strictly adhere to a &#34;pragmatic, efficient, and output-oriented&#34; approach, deploying funds across the following four concrete execution pillars:</p>  <ul type="disc"><li style="text-align:justify;"><strong>Establishing R&amp;D Hubs and Recruiting Industry Elite: </strong>Funds will be utilized to set up dedicated semiconductor R&amp;D centers and recruit top-tier global talent with extensive tape-out experience in advanced nodes. By assembling a battle-tested team covering chip architecture definition, underlying hardware development, and firmware engineering, the Company aims to build a robust proprietary R&amp;D engine.</li><li style="text-align:justify;"><strong>Accelerating the Development of Core Storage Chips:</strong> Capital will inject momentum into hardcore R&amp;D, advancing the development of proprietary storage controller chips specifically customized for AI all-flash scenarios. The investment will cover the complete product lifecycle from underlying architecture design to final tape-out, with a core focus on breaking underlying I/O bottlenecks in AI compute.</li><li style="text-align:justify;"><strong>Acquiring Critical IP Licenses and Core Design Tools:</strong> Breakthroughs in core technology require mature underlying ecosystem support. Dedicated funds will be allocated to procure industry-leading Electronic Design Automation (EDA) toolchains and acquire critical semiconductor intellectual property (IP) licenses. This strategic investment will significantly shorten the R&amp;D cycle and mitigate underlying development risks.</li><li style="text-align:justify;"><strong>Strengthening Supply Chain Synergy and Securing Manufacturing Capacity:</strong> To ensure seamless commercial mass production in the future, a portion of the funds will be used to proactively lock in advanced foundry and packaging capacity. Concurrently, the Company will make strategic procurements of core electronic components, ensuring delivery continuity and cost advantages from underlying chips to high-end compute systems.</li></ul>  <p align="justify"><strong>Strategic Continuity: Driving Synergy and Completing the AI Compute Value Chain</strong></p>  <p align="justify">From the previously announced blueprint for AI all-flash servers and heterogeneous computing to the capital-backed rollout of the Chip Business Unit, 3 E Network is demonstrating exceptional execution by completing the critical leap from "architectural design" to "silicon-level execution." By leveraging this capital, the Company not only accelerates the development of proprietary storage chips but also directly empowers its upcoming high-performance AI server matrix with these underlying semiconductor innovations. This seamless integration from chip logic to system delivery will maximize the true value of hardware-software co-design.</p>  <p align="justify">"Innovation in the semiconductor industry is a relay race of both technology and capital," stated Mr. Siyang Hu, Vice President of 3 E Network. "The recent institutional funding marks a solid beginning to our proactive financing roadmap. By officially establishing the Chip Business Unit, we gain true control over the foundational layer of our infrastructure. This ensures we are no longer constrained by the limitations of traditional merchant silicon, allowing us to imprint our concept of ‘software-defined compute' directly onto proprietary custom logic circuits, delivering intelligent computing foundations with ultimate energy efficiency to global data centers."</p>  <p align="justify">Dr. Tingjun Yang, Chief Executive Officer of 3 E Network, added, "3 E Network is on a critical upward trajectory in its transformation into a full-stack AI infrastructure provider. Our proactive financing strategy in the capital markets is designed precisely to provide sustained financial resources for building this profound technological moat. Looking ahead, we will rely on robust capital support to drive the efficient execution of our strategic blueprint. We are committed to translating our technological advantages into a cross-cyclical commercial moat, thereby creating sustained, long-term strategic value for our global shareholders."</p>  <p align="justify"><strong>About 3 E Network Technology Group Limited</strong><br></br>3 E Network Technology Group Limited is a business-to-business ("B2B") information technology ("IT") business solutions provider, committed to becoming a next-generation artificial intelligence ("AI") infrastructure solutions provider. It upholds the industry consensus of "AI and energy symbiosis" and has a strong vision in the field of energy investment. The Company's business comprises two main portfolios: the data center operation services portfolio and the software development portfolio. For more information, please visit the Company's website at <a href="https://3emask.com/" title="https://3emask.com/">https://3emask.com/</a></p>  <p align="justify"><strong>Forward-Looking Statements</strong><br></br>Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company&#39;s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as &#34;approximates,&#34; &#34;assesses,&#34; &#34;believes,&#34; &#34;hopes,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;estimates,&#34; &#34;projects,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;will,&#34; &#34;would,&#34; &#34;should,&#34; &#34;could,&#34; &#34;may&#34; or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company&#39;s registration statement and other filings with the U.S. Securities and Exchange Commission.</p>  <p align="justify"><strong>For more information, please contact:</strong></p>  <p align="justify"><strong>3 E Network Technology Group Limited</strong><br></br>Investor Relations Department<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=NiWQ-5CDxsbIaJnt4fXVLuPFo_FWN6r575wPCWg_hNRCela8M1IZxMsUrOswjynS3JO1X7a7EV34uc8EW9_1Zg==" rel="nofollow" target="_blank">ird@3emask.com</a><br></br>Website: <a href="https://www.globenewswire.com/Tracker?data=XLmE0tkHrkZPXsvqSjMdORmJ4BnxYkBVw0ApE0hFZDpex5jUL-AsEaMm1VCtdHiPkRaSavMZ89exxx-ZcaG4Z0ZvgsBzlVfAREyO7xaSuTY=" rel="nofollow" target="_blank">https://3emask.com/</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNjMwMyM3NTkyMDY5IzIzMDU4NTM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ODQ0NzRhNDctYTBjNS00YTMxLWI1Y2UtZjU3NWFlNWRmZTlhLTEzMTc0MDMtMjAyNi0wNS0wOC1lbg==/tiny/3E-Network-Technology-Group-Li.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8f4e21c2-5e2c-4ce6-88ee-66c06500e891"><img src="https://ml.globenewswire.com/media/8f4e21c2-5e2c-4ce6-88ee-66c06500e891/small/22222-2026-01-14-183954-150-jpg.jpg" border="0" width="150" height="79" alt="Primary Logo"></img></a></p>

3 E Network Technology Group (NASDAQ: MASK) announced a $1.3 million funding through a convertible note to advance its semiconductor and AI infrastructure strategy. This capital will support the launch of its Chip Business Unit, enhancing its ability to develop proprietary storage chips essential for AI applications, potentially increasing market competitiveness.

3 E Network Launches Proactive Financing Strategy to Accelerate Semiconductor Blueprint, Officially Establishing Chip Business Unit

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Market-Moving

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