Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 20

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 20
---
 30, 2024, and 98.57%, 1.38%, nil, and 0.05%, respectively, for the year ended June 30, 2023. The revenue from exhibition and conference services, hardware sales, and other businesses was generated by Guangzhou Sanyi Network. As the Group disposed of a 60% equity interest in this entity in March 2025, and the remaining 40% equity interest in December 2025, such revenue has been reclassified as income from discontinued operations. Competition The market for IT services is highly competitive and we expect the competition to intensify. We believe that the principal factors in our markets are industry expertise, breadth and depth of service offerings, quality of the services offered, reputation and track record, marketing skills and price. Domestically, we face competition from the following major competitors: Eastfair Technology Company Limited, Shanghai Tonggao Information and Technology Company Limited, Shenzhen Jeez Technology Co Ltd., and Guangdong Cyberway Information and Technology Company Limited. Internationally, we face competition from the following major competitors: iChef Co., Ltd., Everywhere Limited, and Eats365 Inc. These competitors are all larger companies and possess a considerable market share in IT services industry. While compared with above competitors, as an IT business solution provider, we have been focusing on delivering consulting and solutions services to companies in the exhibition industry and property management industry. Summary of Risk Factors Investing in our Class A Ordinary Shares involves significant risks. You should carefully consider all of the information in this prospectus before making an investment in our Class A Ordinary Shares. Below please find a summary of the principal risks we face, organized under relevant headings. These risks are discussed in more details in the section titled “Risk Factors.” Risks Related to Our Business and Industry

| ● | Our limited operating history subsidiaries may not be indicative of our future growth and may make it difficult to predict our       
 future prospects, business and financial performance. We may not be able to achieve anticipated growth, which could materially and   
 adversely affect our business and prospects.                                                                                         |
| ● | The renewable energy utility industry in which our customers operate is a new and evolving market, which may not grow to the         
 size or at the rate we expect.                                                                                                       |
| ● | Existing regulations, and changes to such regulations, might present technical, regulatory and economic barriers to the installation 
 of solar energy systems, which may significantly reduce demand for our solar energy systems.                                         |

6

| ●