Company: MASK
Filing Date: 2025-11-25
Form Type: F-1
Source: 0001185185-25-001852
Chunk: 254

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-11-25
Form: F-1
Chunk 254
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 Class B Ordinary Shares to Ms. Jianping Niu and Class B Ordinary Shares
to Mr. Huabei Zhu, totaling shares with a par value of US$ per share. The Group has the right to collect subscription proceeds
of US$ from Ms. Jianping Niu and US$ from Mr. Huabei Zhu for their respective share subscriptions.

The balance of due from Mr. Shu
Sang Joseph Law represented cash advanced to these related parties to use for the Company’s operations.

|                                      |     |    As of |           |     |    As of |   |     |    As of |         |
|                                      |     | June 30, |           |     | June 30, |   |     | June 30, |         |
|                                      |     |     2025 |           |     |     2024 |   |     |     2023 |         |
|                                      |     |      US$ |           |     |      US$ |   |     |      US$ |         |
| Due to related parties – non-current |     |          |           |     |          |   |     |          |         |
| Mr.Tingjun Yang                      |     |          |    63,000 |     |          | - |     |          |       - |
| Guangzhou Sanyi Network              |     |          | 1,619,884 |     |          | - |     |          |       - |
| Mr. Shu Sang Joseph Law              |     |          |         - |     |          | - |     |          | 132,284 |
|                                      |     |          | 1,682,884 |     |          | - |     |          | 132,284 |

Due to related parties represents
interest-free loan payable on money borrowed by the Company and used for daily operation. These amounts are settled on demand. As of the
date of this financial statement, nil of the payable has been settled.

F-26 3 E NETWORK TECHNOLOGY GROUP LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 19. Subsequent Events On October 15 2025, the Group has entered into a new letter agreement ("Letter Agreement") with an institutional investor ("Investor"), pursuant to which the parties agreed to (i) amend the First Tranche Note such that the remaining portion thereof cannot be converted below a floor price equal to $ 0.63(the “Floor Price”) and (