Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 54

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 54
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 are an integral part of these consolidated financial statements.

23 RISK FACTORS An investment in our Class A Ordinary Shares involves a high degree of risk. Before deciding whether to invest in our Class A Ordinary Shares, you should consider carefully the risks described below, together with all of the other information set forth in this prospectus, including the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operation” and our consolidated financial statements and related notes. If any of these risks actually occurs, our business, financial condition, results of operations or cash flow could be materially and adversely affected, which could cause the trading price of our Class A Ordinary Shares to decline, resulting in a loss of all or part of your investment. The risks described below are not the only ones that we face. Additional risks not presently known to us or that we currently deem immaterial may also affect our business. You should only consider investing in our Class A Ordinary Shares if you can bear the risk of loss of your entire investment. Risks Related to Our Business and Industry Our and our business partners’ business operations were adversely affected by the COVID-19 outbreak, but have benefitted from the significant easement of lockdown policies and rebound in economic activities. However, there is no assurance that such impact may continue post pandemic. The COVID -19pandemic has caused lockdowns, travel restrictions, and closures of businesses. The current COVID -19pandemic has already adversely affected our business operations. The growth of many industries where our customers operate in China was interrupted by the lockdowns and restrictive policies adopted in response to the COVID -19pandemic, especially in 2021 and 2022. The intermittent lockdowns and restrictive policies in 2022 caused by the COVID -19pandemic adversely affected our business operations. Some industries where our customers operate, particularly the exhibition and conferencing sectors, witnessed significant slowdown in economic activities and significant loss in demand for our products and services during 2020 to 2022. In addition, other sectors that we serve also saw significant economic downturns, including property management. For the year ended June30, 2022, our sales fell by 40.1% when compared with the previous year (based on management account of the year ended June30, 2021). Operations rebounded for the year ended June30, 2023 and our sales increased by 28.9% when compared with 2022. For the six months ended December31, 2023, our sales revenue increased