Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 159

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 159
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of revenue was 99.25% and 98.6% for the years ended June 30, 2024 and 2023, respectively.

We also conduct exhibition and conference services,
as well as hardware sales, which are two minor portfolios that generated no revenue for the six months ended December 31, 2024 and 2023,
and 0.74% and 0.01% for the year ended June 30, 2024, and 1.4% and nil for the year ended June 30, 2023, respectively.

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1. Software Development Portfolio

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.

We work closely with our customers to analyze their
software requirement, develop system specifications with them, and start coding and testing once we reach a conclusion on the specifications.
The completed software system will then be delivered to customers for testing before their final acceptance. Our software solutions serve
a variety of industries and sectors, including in restaurant management, property management, exhibit and conferencing services, and solar
power stations.

For all our customers, as part of our onboarding
process, we refer them to cloud platform or data server providers for contracting and we help set up connections between our software
and such servers. However, after the specific software systems or products are set up and connected, we turn over the ownership and access
of such systems or products to our customers. After deliveries of such systems or products, we relinquish our access
to the systems or products and do not have access to or store the data of users of the systems that are operated by such customers, regardless
of whether they are property management companies, restaurants or other entities.

For the six months ended December 31, 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