MASK News & Events

3 E Network Technology announced a new strategic development blueprint for its semiconductor and artificial intelligence server operations. Prepared under the leadership of VP Siyang Hu, the blueprint focuses on building a vertically integrated ecosystem spanning from custom chip design to full server system delivery. The company noted it is steadily shifting its product focus from traditional distributed storage to high-performance computing systems targeting all-flash scenarios. "Looking ahead, 3 E Network is committed to the principle of 'software-defined compute.' By putting this into practice, we aim to support enterprise customers in their AI deployment. This approach is intended to deliver improved performance while contributing to the value of our products and supporting customer retention," said Siyang Hu, VP.

3 E Network Technology announced that it has received a formal notification from Nasdaq indicating that the company has regained compliance with Listing Rule 5550, the exchange's minimum bid price requirement. As a result, the company no longer intends to pursue the previously contemplated appeal of the staff's delisting determination, and the related hearing has been cancelled. The company's Class A ordinary shares will remain listed on Nasdaq.

3 E Network Technology announced progress on the construction progress of its AI data center project in Finland. Following the recent formal approval of the building permit, on-site construction activities have commenced, and the project is progressing in accordance with the current development plan. Following a long-term land lease agreement between the Company and the city of Mikkeli, Finland, the granting of the building permit provides a regulatory basis for the project to proceed. The company has transitioned from preliminary preparations to on-site construction. As of the date of this announcement, tree felling and site clearance have been completed, preparing the site for the next stages of construction. The project has entered the earthworks phase. Excavation and grading equipment has been deployed on site, and related construction activities are underway. This represents a further step in the company's Finland data center development plan. The commencement of earthworks is intended to support the initial phase of the project, which is expected to include a 6MW computing facility, subject to further development and implementation.

3 E Network Technology Group Ltd trading halted, news pending