Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 133

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 133
---
 of earnings per share: * |     |         |            |     |           |         |     |           |         |   |     |           |      |     |         |            |     |                       |            |     |       |     |                    |            |
| Basic                                                                |     |         | 10,000,000 |     |           |         |     |           |         |   |     |           |      |     |         | 10,000,000 |     |                       |            |     |       |     |                    | 10,000,000 |
| Diluted                                                              |     |         | 10,000,000 |     |           |         |     |           |         |   |     |           |      |     |         | 10,000,000 |     |                       |            |     |       |     |                    | 10,000,000 |

<div align='center'>See accompanying notes to
unaudited pro forma condensed combined financial statements

70

CORPORATE HISTORY AND STRUCTURE</div>

Our Corporate History

3e Network was incorporated on October 6,
2021 under the laws of the BVI. We own all of the outstanding shares of BVI 3e Holdings, which owns all the issued and outstanding capital
stock of HK 3e Network.

Guangzhou Sanyi Network was established by Guangzhou
Leihou Software Development Company Limited as a PRC limited liability company on August 1, 2017. On September 30, 2018 Guangzhou
Leihou Software Development Company Limited entered into a sell and purchase agreement whereby HK 3e Network agreed to acquire 100% of
Guangzhou Sanyi Network from Guangzhou Leihou Software Development Company Limited for a consideration of RMB10,000 (approximately US$1,456).
The share sale was completed and registered with the relevant authorities in the PRC on November 13, 2018.

Guangzhou 3E Network was established by HK 3e Network
as PRC limited liability company on January 17, 2023. It was established as a subsidiary to focus on our emerging business in developing
software products for photovoltaic power plants, while Guangzhou Sanyi Network continues to focus on our other main business lines.

On September 30, 2018, HK 3e Network entered
into a Share Purchase Agreement with Guangzhou Leihou Software Development