Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 34

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 34
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, we recognized approximately $4,561,963 and $1,671,351, respectively, in revenues, with the revenue streams from the three segments accounted for 99.25%, 0.74% and 0.01%, respectively, for the year ended June30, 2024, and 98.6%, 1.4% and nil, respectively, for the year ended June30, 2023. Competition The market for IT services is highly competitive and we expect the competition to intensify. We believe that the principal factors in our markets are industry expertise, breadth and depth of service offerings, quality of the services offered, reputation and track record, marketing skills and price. Domestically, we face competition from the following major competitors: Eastfair Technology Company Limited, Shanghai Tonggao Information and Technology Company Limited, Shenzhen Jeez Technology Co Ltd., and Guangdong Cyberway Information and Technology Company Limited. Internationally, we face competition from the following major competitors: iChef Co., Ltd., Everywhere Limited, and Eats365 Inc. These competitors are all larger companies and possess a considerable market share in IT services industry. While compared with above competitors, as an IT business solution provider, we have been focusing on delivering consulting and solutions services to companies in the exhibition industry and property management industry. Intellectual Property We regard our trademarks, copyrights, patents, domain names, know -how, proprietary technologies, and similar intellectual property as critical to their success, and we rely on copyright, trademark and patent law in PRC, as well as confidentiality procedures and contractual provisions with our employees, contractors and others to protect their proprietary rights. As of the date of this prospectus, the Company has registered 26 software copyrights with the Copyright Protection Center of China, the national copyright registration agency supervised by the National Copyright Administration of China, and our registered copyrights include our property management system, Youzhan cloud exhibitor integrated service system, Global buyer relationship marketing system and Youzhan cloud intelligent data analysis system. Impacts of COVID-19 On March 11, 2020, the World Health Organization declared COVID -19a pandemic. The outbreak reached almost every country, resulting in the implementation of significant governmental measures, including lockdowns, closures, quarantines, and travel bans, intended to control the spread of the virus. Companies were also taking precautions, such as requiring employees to work remotely, imposing travel restrictions, and temporarily closing businesses. 10 The negative impacts of the COVID -19pandemic on