Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 275

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 275
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 at any other rate.

Transactions denominated in
currencies other than functional currency are translated into functional currency at the exchange rates quoted by authoritative banks
prevailing at the dates of the transactions. Exchange gains and losses resulting from those foreign currency transactions denominated
in a currency other than the functional currency are recorded as a component of others, net in the consolidated statements of operations
and comprehensive income.

<div align='center'>F-34

3 E NETWORK TECHNOLOGY GROUP LIMITED
NOTES TO INTERIM UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS</div>

2. Summary of Significant Accounting Policies (cont.)

e) Cash and cash equivalents

Cash and cash equivalents consist
of bank deposits, which are unrestricted as to withdrawal and use. The Group considers all highly liquid investments with original maturities
of three months or less at the time of purchase to be cash equivalents.

f) Accounts receivable, net

The Group records accounts
receivable at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance
for credit losses is the Group’s reserve for uncollectible receivable amounts which is estimated using the approach based on expected
losses. The Group determines the allowance based on aging data, historical collection experience, customer specific facts and economic
conditions, along with reasonable and supportable forecasts as a basis to develop the Group’s expected loss estimates. The Group
adjusts the allowance percentage periodically when there are significant differences between estimated credit losses and actual credit
losses. If there is strong evidence indicating that the accounts receivable is likely to be unrecoverable, the Group also makes specific
allowance in the period in which a loss is determined to be probable. Account balances are charged off against the allowance after all
means of collection have been exhausted and the potential for recovery is considered remote.

i) Property and equipment, net

The Group’s property
and equipment are recorded at cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated on the straight-line
method after taking into account their respective estimated residual values over the following estimated useful lives:

| Leasehold improvement                  |     | Shorter of    
 3 years       
 or lease term |
| Furniture, fixture and other equipment |     | 2 – 3 years   |
| Electronic equipment                   |     | 3 years       |

When property and equipment
are retired or otherwise disposed of, resulting gain or loss is included in net income in the period of disposition.