Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 16

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 16
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“$,” “dollars,” “US$” or “U.S. dollars” refers to the legal currency of the United States; iii •“SAFE” refers to State Administration of Foreign Exchange in China; •“SAIC” refers to State Administration for Industry and Commerce in China, which is currently known as State Administration for Market Regulation; •“SAT” refers to the PRC State Administration of Taxation; •“SAMR” refers to the former State of Administration of Industry and Commerce of China, which has been merged into the State Administration for Market Regulation; and •“SCNPC” refers to the Standing Committee of the National People’s Congress of China; •“SPV” refers to special purpose vehicles; •“U.S. GAAP” refers to generally accepted accounting principles in the United States. 3e Network’s reporting currency is U.S. dollar. This prospectus contains translations of certain foreign currency amounts in RMB into U.S. dollars for the convenience of the reader. All translations of RMB are calculated at the rate of US$1.00=RMB7.2672 for balance sheet items and US$1.00=RMB7.2248 for items in the consolidated statements of operations and comprehensive income and cash flows, as of and for the year ended June30, 2024, US$1.00=RMB7.2513 for balance sheet items and US$1.00=RMB6.9536 for items in the consolidated statements of operations and comprehensive income and cash flows, as of and for the year ended June30, 2023, representing the certified exchange rate published by the People’s Bank of China on such dates. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at such rate, or at any other rate. iv PROSPECTUS SUMMARY The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information and financial statements included elsewhere in this prospectus. In addition to this summary, we urge you to read the entire prospectus carefully, especially the risks of investing in our Class A Ordinary Shares, discussed under “Risk Factors” before deciding whether to buy our Class A Ordinary Shares. Business Overview We are a business -to -business(“B2B”) information technology (“IT”) business solutions provider. Through our two PRC subsidiaries, Guangzhou Sanyi Network and Guangzhou 3E Network, we started as