Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 283

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 283
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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 December 31, 2024 or June 30, 2024. The Group does not expect
that its assessment regarding unrecognized tax positions will materially change over the next 12 months.

<div align='center'>F-39

3 E NETWORK TECHNOLOGY GROUP LIMITED
NOTES TO INTERIM UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS</div>

2. Summary of Significant Accounting Policies (cont.)

t) Segment reporting

Operating segments are reported
in a manner consistent with the internal reporting provided to the chief operating decision maker (the “CODM”), which
is comprised of certain members of the Group’s management team. Consequently, the Group has determined that it has only one reportable
operating segment.

u) Comprehensive income

Comprehensive income includes
all changes in equity from transactions and other events and circumstances excluding transactions resulting from investments from owners
and distributions to owners. For the years presented, total comprehensive income included foreign currency translation adjustments.

v) Earnings (loss) per share

Earnings (loss) per share is
computed in accordance with ASC 260. The two-class method is used for computing earnings per share in the event the Group has net
income available for distribution. Under the two-class method, net income is allocated between ordinary shares and participating securities
based on dividends declared and participating rights in undistributed earnings as if all the earnings for the reporting period had been
distributed. For the six months ended December 31, 2024 and 2023, there were only Class A Ordinary Shares issued and outstanding,
so the two-class method is not applicable as no participating securities existed.

Basic earnings per ordinary
share is computed by dividing net income attributable to holders of ordinary shares by the weighted average number of ordinary shares
outstanding during the year. Diluted earnings per share is calculated by dividing net income attributable to ordinary shareholders by
the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the year. Ordinary equivalent shares
are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive
or in the case of contingently issuable shares that all necessary conditions for issuance have not been satisfied.

w) Commitments and contingencies

The Group accrues estimated
losses from loss contingencies by a charge to income when information available