Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 60

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 60
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 to year, especially since we are generally not our customers’ exclusive IT business solution provider, and we do not have long-term
commitments from any of our customers to purchase our services. In addition, our reliance on any individual customer for a significant
portion of our revenues may give that customer a certain degree of pricing leverage against us when negotiating contracts and terms of
service. A number of factors other than our performance could also cause the loss of or reduction in business or revenues from a customer,
and these factors are not predictable. These factors may include corporate restructuring, pricing pressure, changes to its outsourcing
strategy, customers’ decision to switch to another service provider or returning work in-house. In the future, a small number of
customers may continue to represent a significant portion of our total revenues in any given period. The loss of any of our major customers
could adversely affect our financial conditions and results of operations.

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For our other business lines, our software customer
base tends to vary from one year to another, as each purchase agreement tends to be a one-off event with few repeat customers. A major
customer in one year may not provide the same level of revenues for us in any subsequent year. The IT services we provide to our customers,
and the revenues and income from those services, may decline or vary as the type and quantity of IT services we provide change over time.

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. We also plan to grow revenues from our existing customers by identifying and selling additional
services to them, and to expand into new product categories and offerings to broaden our market access and appeal. However, there is no
assurance that we will be able to develop new product categories and offerings on an ongoing and regular basis. Our ability to attract
new customers, as well as our ability to grow revenues from existing customers, depends on a number of factors, including our ability
to offer high quality services at competitive prices, the strength of our competitors and the capabilities of our sales and marketing
teams. If we are not able to continue to attract new customers or to grow revenues from our existing customers in the future, we may not
be able to grow our revenues as