Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 273

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 273
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 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 the date hereof, there are 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 unaudited
consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States
of America (“U.S. GAAP”). In the opinion of the Group, the accompanying unaudited consolidated financial statements contain
all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of December
31, 2024, and its results of operations for the six months ended December 31, 2024 and 2023. Interim results are not necessarily indicative
of results to be expected for the full year. Accordingly, these statements should be read in conjunction with the Group’s audited
financial statements and note thereto as of and for the years ended June 30, 2024 and 2023.

<div align='center'>F-33

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

2. Summary of Significant Accounting Policies (cont.)

b) Principles of consolidation

The Group’s unaudited
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.

c) Use of estimates

The preparation of unaudited
consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated
financial statements, and the reported amounts of revenue and expenses during the reporting period. The Group continually evaluates these
estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the
Group believes to be reasonable under the circumstances. Significant accounting estimates reflected in the Group’s consolidated
financial statements include but are not limited to estimates and judgments applied in determination of allowance for credit losses, impairment
losses for long-lived assets and valuation allowance for deferred tax assets. Since the use of estimates