Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 156

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 156
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:-----------|---------:|:--|:----|:--|---------:|:--|
| Net cash provided by operating activities                    |     | $          |  929,203 |   |     | $ |  901,288 |   |
| Net cash used in investing activities                        |     |            |        — |   |     |   |  (11,482 | ) |
| Net cash used in financing activities                        |     |            | (888,932 | ) |     |   | (871,487 | ) |
| Effect of exchange rate changes on cash and cash equivalents |     |            |   (7,858 | ) |     |   |  (45,688 | ) |
| Net (decrease)/increase in cash and cash equivalents         |     |            |   32,413 |   |     |   |  (27,369 | ) |
| Cash and cash equivalents at the beginning of period         |     |            |   19,396 |   |     |   |   46,765 |   |
| Cash and cash equivalents at the end of period               |     | $          |   51,809 |   |     | $ |   19,396 |   |

To date, we have financed our operations primarily through borrowings from our stockholders, related and unrelated parties. Operating Activitie s Net cash provided by operating activities was $929,203 for the year ended June30, 2024, as compared to $901,288 net cash provided by operating activities for the year ended June30, 2023. The net cash provided by operating activities for the year ended June30, 2024 was mainly due to our net income of $1,548,347 partially offset by the increase in accounts receivable of $1,275,121. The net cash provided by operating activities for the year ended June 30, 2023 was mainly due to our net income of $996,157, partially offset by the increase in accounts receivable of $83,254. Investing Activities Net cash used in investing activities was nil for the year ended June30, 2024, and the net cash used in investing activities was $11,482 for the year ended June 30, 2023. The net cash used in and provided by investing activities for the year ended June 30, 2023 was mainly attributable to purchase of property and equipment. Financing Activities Net cash used