Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 287

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 287
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 |     |      122,404 |   |     |     |  122,945 |   |
| Furniture, fixtures and other equipment |     |     |        2,033 |   |     |     |    2,042 |   |
| Leasehold improvement                   |     |     |       10,987 |   |     |     |   11,035 |   |
| Property and equipment, cost            |     |     |      135,424 |   |     |     |  136,022 |   |
| Less: accumulated depreciation          |     |     |     (126,749 | ) |     |     | (124,806 | ) |
|                                         |     |     |        8,675 |   |     |     |   11,216 |   |

Depreciation expenses for the six months
ended December 31, 2024 and 2023 were approximately US$2,534 and US$3,384, respectively.

For the six months
ended December 31, 2024 and 2023, no impairment loss was recognized for the Group’s property and equipment.

<div align='center'>F-42

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

6. Accrued Expenses and Other Liabilities

|                                        |     |     | December 31, 
         2024 |     |     | June 30, 
     2024 |
|:---------------------------------------|:----|:----|-------------:|:----|:----|---------:|
|                                        |     | US$ |              |     | US$ |          |
| Payroll payables                       |     |     |      223,811 |     |     |  269,359 |
| Accrued professional fees              |     |     |       14,035 |     |     |   26,145 |
| Accrued expenses and other liabilities |     |     |      237,846 |     |     |  295,504 |

7. Income Taxes

The entities within the Group
file separate tax returns in the respective tax jurisdictions in which they operate.

Under the current laws of the
BVI, the Group’s subsidiaries incorporated in BVI are not subject to tax on income or capital gains. Additionally, upon payments
of dividends by these BVI companies to its