Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 18

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 18
---
 real estate, exhibition & conferencing, and clean energy utilities. Following the sale of our
controlling interests in the PRC subsidiaries in March 2025, our current business operations are conducted our Hong Kong subsidiary,
HK 3e Network, which continues to develop and provide software solutions across these sectors.

Our business mainly comes from software development
portfolio. The proportion of revenue was 100%, 99.25% and 98.6% for the years ended June 30, 2025, 2024 and 2023, respectively.

We also conducted exhibition and conference services,
as well as hardware sales, which generated 1.4% and nil, respectively, for the year ended June 30, 2023, 0.74% and 0.01%, respectively,
for the year ended June 30, 2024. We no longer conduct exhibition and conference services in the year ended June 30, 2025, as part of
a strategic decision to focus resources on our core software development and overseas business expansion initiatives.

As an IT business solution provider, we take pride
in our technical acumen in delivering software solutions for our business customers. The key pillar of our growth story and the primary
engine of our growth is the development of custom software solutions for our customers.

For the years ended June 30, 2025, 2024 and 2023,
our main products under our custom software solutions offering include software products developed for property management companies,
restaurant management, intelligent music generation, and highway monitoring and control. Customers can choose to buy a basic version
with minimal alterations or customize additional functions to suit their needs. We plan to significantly expand the number of customers
we serve to diversify our customer base and grow our revenues. Revenues from a new customer often rise quickly over the first several
years following our initial engagement as we expand the services that we provide to that customer. Therefore, obtaining new customers
is important for us to achieve rapid revenue growth.

As a young company with limited operating history
and limited customer base, we are constantly looking for opportunities to develop new customers and expand into new business areas. The
solar energy sector, for example, is an area with significant government support and business opportunities. For example, in 2022, after
studying the potential of the market for management system used by solar energy power plants, the Company decided to develop a management
software for distributed photovoltaic power plants with designed power generation capacity under