Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 149

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 149
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 US$11,517 for the year ended June 30, 2023, to approximately US$10,858 for the year ended June 30, 2024. General and administrative expenses primarily consist of professional fees, audit fees, legal fees, and other general costs.

Exchange loss

Exchange loss decreased by US$218, or 88.62%, from a net loss of US$246 for the year ended June 30, 2023, to a net loss of US$28 for the year ended June 30, 2024. Exchange loss primarily included loss from accounts receivable and payable due to exchange rate fluctuation.

Other expenses

Other expenses decreased from negative US$2,240 as of June 30, 2023, to nil as of June 30, 2024, decreased by US$2,240 or 100%. This was primarily due to a decrease in handling charges.

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Income before income taxes

Our income before income taxes increased by US$801,773 to US$817,562 for the year ended June 30, 2024 from US$15,789 for the year ended June 30, 2023.

Provision for income taxes

Our provision for income taxes for the years ended June 30, 2024 and 2023 was US$114,958 and US$1,767, respectively, which were tax expenses mainly generated from Hong Kong.

Net Income from continuing operation

Net income from continuing operation increased by US$688,582, or 4,910.74% to US$702,604 for the year ended June 30, 2024, as compared with the net income from continuing operation of US$14,022 for the year ended June 30, 2023.

Gain loss from discontinued operation, net of income taxes

Our loss from discontinued operations was US$845,743, for the year ended June 30, 2024, as compared with a gain from discontinued operations of US$982,135 for the year ended June 30, 2023.

The summarized operating result of discontinued operation included in our consolidated statements of operation as follows:

|                                        |     | For The Year Ended 
 June 30,           |       2024 |   |     |   |      2023 |   |
|:---------------------------------------|:----|:-------------------|-----------:|:--|:----|:--|----------:|