Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 263

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 263
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Network and Guangzhou 3E Network were to be excluded from our continuing operations and presented as a discontinued operation in our
consolidated financial statements. As a result, we classified the results from operations of Guangzhou Sanyi Network and Guangzhou
3E Network separately in captions titled “discontinued operations” on our consolidated statements of operations and
comprehensive income/(loss) for the current year. Additionally, assets and liabilities associated with Guangzhou Sanyi Network and
Guangzhou 3E Network as of June 30, 2024 and 2023 were reclassified from certain amounts reported in the prior year to present
separately in captions titled “assets of discontinued operations – current”, “assets of discontinued
operations – non-current”, “liabilities of discontinued operations – current” and “liabilities
of discontinued operations – non-current” to conform to current year financial statement presentation.

The following is a summary of assets and liabilities as of June 30, 2025 and a reconciliation of assets and liabilities disclosed in the notes to financial statements that are presented as a discontinued operation on the consolidated balance sheet as of June 30, 2024 and 2023:

| ASSETS OF DISCONTINUED OPERATION                    
 CURRENT ASSETS:                                     |     | June 30, 
 2025     |   |     | June 30, 
 2024     |           |     | June 30, 
 2023     |           |
|:----------------------------------------------------|:----|:---------|:--|:----|:---------|----------:|:----|:---------|----------:|
| Cash and cash equivalents                           |     | $        | - |     | $        |    40,692 |     | $        |     4,005 |
| Accounts receivable, net                            |     |          | - |     |          | 1,558,227 |     |          |   875,281 |
| Due from related parties                            |     |          | - |     |          |     6,400 |     |          |     7,299 |
| Deposits, prepayments and other current assets, net |     |          | - |     |          |    16,102 |     |          |    19,466 |
| Total current assets                                |     |          | - |     |          | 1,621,421 |     |          |   906,051 |
| NON