Company: MASK
Filing Date: 2025-11-25
Form Type: F-1
Source: 0001185185-25-001852
Chunk: 140

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-11-25
Form: F-1
Chunk 140
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,952,890 for the year ended June 30, 2025, all of which was from continuing operations. Net cash used in investing activities was mainly due to (i) purchases of financial assets held for sale of US2,352,941, and (ii) proceeds of long-term investment of US$625,505. Net cash used in investing activities for the year ended June 30, 2024 was nil from continuing operations and nil from discontinued operations. Net cash provided by investing activities for the year ended June 30, 2023 was nil from continuing operations and (ii) US$11,482 from discontinued operations for purchase of fixed assets. Financing Activities Net cash provided by financing activities was US$3,171,608 for the year ended June 30, 2025, all of which was from continuing operations. Net cash provided by financing activities was mainly due to (i) issuance of ordinary shares for cash of US$1,695,597, and (ii) proceeds from issuance of convertible bonds and warrants of US$1,413,011. Net cash used in financing activities for the year ended June 30, 2024 was US$888,932 comprising (i) US$931,348 used in financing activities for continuing operations and (ii) US$42,416 provided by financing activities from discontinued operations. Net cash used in financing activities for continuing operations included repayment of interest-free loan to related parties of US$191,703 and an increase in deferred IPO cost of US$740,645. Net cash used in financing activities for the year ended June 30, 2023 was US$871,487 comprising (i) US$329,405 from continuing operations and (ii) US$542,082 from discontinued operations. Net cash used in financing activities for continuing operations included deferred IPO cost of US$329,405. 80 INDUSTRY As of December 31, 2023 The PRC software and information technology service industry (“Software Industry”) displayed a steady development trend in 2023. Statistics from the MIIT shows that in 2023, total revenue of the industry surpassed RMB12 trillion, profitability remain steady, and export continued to grow. 1. Overview Revenue from Software Industry grew above RMB12 trillion in 2023. According to number released by MIIT’s Report on Economic Operation of the Software Industry for 2023, more than 380,000 companies in the Software Industry have reached the milestone of receiving more