Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 248

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 248
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 shares from 50,000 ordinary shares, par value of $1 per share, to 500,000,000 ordinary
shares, par value of $0.0001 per share, consisting of (i) 400,000,000 Class A Ordinary Shares, par value of $0.0001, and (ii) 100,000,000
Class B Ordinary Shares, par value of $0.0001. Simultaneously, the Company effectuated a forward split of all issued and outstanding ordinary
shares at a ratio of 1-for-10,000, and converted all existing issued and outstanding ordinary shares into Class A Ordinary Shares of the
Company at a ratio of 1-for-1. As a result, as of June 30, 2024, there were 10,000,000 issued and outstanding Class A Ordinary Shares
of the Company.

2. Summary of Significant Accounting Policies

a) Basis of presentation

The Group’s consolidated financial
statements are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“U.S.
GAAP”).

b) Principles of consolidation

The Group’s
consolidated financial statements include the accounts of the Company and its subsidiaries from the dates they were incorporated or acquired.
All inter-company transactions and balances have been eliminated upon consolidation.

<div align='center'>F-8

3 E NETWORK TECHNOLOGY GROUP LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

2. Summary of Significant Accounting Policies(cont.)

c) Discontinued Operation

A discontinued
operation may include a component of an entity or a group of components of an entity, or a business or non-profit activity. A disposal
of a component of an entity is required to be reported in discontinued operation if the disposal represents a strategic shift that has
(or will have) a major effect on an entity’s operations and financial results when any of the following occurs: (1) the component
of an entity or group of components of an entity meets the criteria to be classified as held for sale; (2) the component of an entity
or group of components of an entity is disposed of by sale; (3) the component of an entity or group of components of an entity is disposed
of other than by sale (for example, by abandonment or in ad distribution to owners in a spinoff). See note 3 for detail.

d) Reclassification

Certain prior period amounts
have been reclassified to conform with current period