Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 57

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 57
---
 subject to a significant degree to the economic environment, especially for regions
in which we and our customers operate. During an economic downturn, our customers may cancel, reduce or defer their IT spending or change
their IT outsourcing strategy, and reduce their purchases from us. The recent global economic slowdown and any future economic slowdown,
and the resulting diminution in IT spending, could also lead to increased pricing pressure from our customers. The occurrence of any of
these events could materially and adversely affect our revenues and results of operations.

Due to intense competition for highly
skilled personnel, we may fail to attract and retain enough sufficiently trained personnel to support our operations; as a result, our
ability to bid for and obtain new projects may be negatively affected and our revenues could decline.

The IT services industry relies on skilled personnel,
and our success significantly depends on our ability to recruit, train, develop and retain qualified personnel, especially experienced
middle and senior level management. The IT services industry in China has experienced significant levels of employee attrition. There
is significant competition in China for skilled personnel, especially experienced middle and senior level management, with the skills
necessary to perform the services we offer to our customers. Increased competition for these personnel, in the IT industry or otherwise,
could have an adverse effect on us and cause a significant increase in our attrition rate, which could decrease our operating efficiency
and productivity and could lead to a decline in demand for our services. Additionally, failure to recruit, train, develop and retain personnel
with the qualifications necessary to fulfill the needs of our existing and future customers or to assimilate new personnel successfully
could have a material adverse effect on our business, financial conditions and results of operations. Failure to retain our key personnel
on customer projects or find suitable replacements for key personnel upon their departure may lead to termination of some of our customer
contracts or cancellation of some of our projects, which could materially and adversely affect our business.

Our success depends substantially on
the continuing efforts of our senior executives and other key personnel, and our business may be severely disrupted if we lose their services.

Our future success heavily depends upon the continued
services of our senior executives and other key employees. We currently do not maintain key-man life insurance for any of the senior members
of our management team or other key personnel. If one or more of our senior executives or key employees is or are unable or unwilling
to continue in their present positions, it could disrupt our business operations, and we may not be able to replace them easily or at