Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 288

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 288
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 respective shareholders, no BVI withholding tax will be imposed.

Our subsidiary, HK 3e Network,
is a Hong Kong entity subject to the two-tier profits tax rates system, which was introduced under the Inland Revenue (Amendment)
(No.3) Ordinance 2018 (the “Ordinance”) of Hong Kong, and applies for a year of assessment commencing on or after 1 April 2018.

Under the two-tier profit tax
rates regime, the profits tax rate for the first HKD 2 million of assessable profits of a corporation will be subject to the lowered
tax rate of 8.25% while the remaining assessable profits will be subject to the tax rate of 16.5%.

In respect of dividends paid
to HK 3e Network by Guangzhou 3e Network and Guangzhou Sanyi Network, under Hong Kong’s Foreign-sourced Income Exemption regime
effective from 1 January 2023, income arising in or derived from a territory outside Hong Kong (such as dividends) received
by a Hong Kong entity which is a multinational enterprise entity (“MNE entity”) carrying on business in Hong Kong
may be regarded as specified foreign-sourced income which will be deemed to be sourced from Hong Kong and chargeable to profits tax,
subject to certain exemptions. In addition, payments of dividends from our Hong Kong subsidiary to its shareholder(s) are not
subject to any Hong Kong withholding tax.

The Group’s PRC subsidiaries
are governed by the income tax law of the PRC and are subject to the PRC enterprise income tax (“EIT”). The EIT rate of PRC
is 25%, which applies to both domestic and foreign invested enterprises.

For the six months
ended December 31, 2024 and 2023, the income tax rate of the Group’s PRC subsidiaries is 25%.

|                      |     | For the six months ended 
              December 31 |         |     |      |         |
|                      |     |                     2024 |         |     | 2023 |         |
|                      |     |                      US$ |         |     |  US$ |         |
| Current tax expense  |     |                          | 132,142 |     |      |  25,228 |
| Deferred tax expense |     |                          |  65,626 |     |      |  91,275 |
| Income tax expenses  |     |                          | 197,768 |