Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 268

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 268
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     | US$ |  402,202 |     | US$ |  551,867 |

Due to a related party represents interest-free loan payable on money borrowed by the Company and used for daily operation. The payable is interest-free and has maturity date on September 30, 2027. As of the date of this financial statement, 360,524 of the payable has been settled.

The major related party transactions with Mr. Joseph Shu Sang Law are summarized as follows:

|                              |     | Amount 
 due to |            |   |
|                              |     | US$    |            |   |
| Balance as of July 1, 2022   |     | US$    |  1,148,042 |   |
| Loan borrowed from related   
 party                        |     |        |  1,496,001 |   |
| Repayment of loan to related 
 party                        |     |        | (2,038,083 | ) |
| Exchange                     
 rate translation difference  |     |        |    (54,093 | ) |
| Balance                      
 as of June 30, 2023          |     |        |    551,867 |   |
| Loan borrowed from related   
 party                        |     |        |     42,416 |   |
| Repayment of loan to related 
 party                        |     |        |   (191,703 | ) |
| Exchange                     
 rate translation difference  |     |        |       (378 | ) |
| Balance                      
 as of June 30, 2024          |     | US$    |    402,202 |   |

16. Subsequent Events

The Company has evaluated subsequent events through the date of issuance of this consolidated financial statements, which was through December 4, 2024, and noted that there are no other material subsequent events.

17. Financial Information of the Parent Company

The Parent Company was incorporated on October 8, 2018. The following disclosures present the financial positions of the Parent Company as of June 30, 2024 and 2023, and results of operations and cash flows of the Parent Company for the years ended June 30, 2024 and 2023.

The financial statements of the Parent Company have been prepared using the same accounting policies as set out in the Group’s consolidated financial statements except that the Parent Company uses the equity method to account for investments in its subsidiaries.

The Parent Company and its subsidiaries were included in the consolidated