Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 195

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 195
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 deferred tax assets.

For the years ended June 30, 2025,
2024 and 2023, the Group did not have any material interest or penalties associated with tax positions. The Group did not have any significant
unrecognized uncertain tax positions as of June 30, 2025, 2024 or 2023. The Group does not expect that its assessment regarding unrecognized
tax positions will materially change over the next 12 months.

F-23 3 E NETWORK TECHNOLOGY GROUP LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 12. Ordinary Shares As of June 30, 2024, the Company had 1,000Ordinary Shares, with par value of US$ 1each. On January 3, 2024, the Company filed the Amended and Restated Articles with the Registrar of Corporate Affairs to increase its authorized shares from 50,000ordinary shares, par value of $ 1per share, to 500,000,000ordinary shares, par value of $ 0.0001per share, consisting of (i) 400,000,000Class A Ordinary Shares, par value of $ 0.0001, and (ii) 100,000,000Class B Ordinary Shares, par value of $ 0.0001. In respect of matters requiring a shareholders’ vote, holders shall be entitled to one vote per share on all matters subject to the vote at general meetingsof our company, while holders of Class B Ordinary Shares shall be entitled to 20votes per share. Simultaneously, the Company effectuated a forward split of all issued and outstanding ordinary shares at a ratio of 1-for-10,000, and converted all existing issued and outstanding ordinary shares into Class A Ordinary Shares of the Company at a ratio of 1-for-1.As a result, as of the date hereof, there were 10,000,000issued and outstanding Class A Ordinary Shares of the Company. Such share number are retrospectively applied to all period presented as if the 10,000,000Class Ordinary Shares and nilClass B Ordinary Shares existed from the begining of the first year presented. On January 10, 2025, the Group issued 1,250,000Class A Ordinary Shares at $ 4.00per share for a total of $ 5,000,000gross proceeds in its Initial Public Offering (“IPO"). Net proceeds from the IPO was $ 1,695,539,