Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 59

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 59
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reduce our competitive advantage and adversely impact our profit margin.

We have a relatively small number of
customers for our exhibition and conferencing services, the loss of which could reduce our revenues and significantly harm our business.
For our software solution services, there are significant turnovers in our customers from one year to another. Failure to recruit new
customers, expand our relationship with our existing customers or expand to new product categories may reduce our revenues and significantly
harm our business as well.

We believe that in the foreseeable future we will
continue to derive a significant portion of our revenues from a small number of major customers. For example, for the year ended June 30,
2024, Zhejiang Kewoyi International Trading Limited accounts for 24.7% or US$1,125,680 of our revenue, Dongguan Fanxin Electric Technology
Limited accounts for 17.0% or US$776,452 of our revenue, Beijing Boyuanhua Technology Co., Ltd. accounts for 12.0% or US$548,425 of our revenue,
and Henan Chuanyi Technology Partnership Limited for 10.0% or US$457,021 of our revenue. For the year ended June 30, 2023, Guangdong
Yangshuo Yunwei Energy Technology Co. Ltd. accounts for 23.12% or US$386,421 of our revenue, Juyue Zaishou (Hainan) Investment Co. Ltd.
accounts for 11.19% or US$186,954 of our revenue, Canton Fair Advertising Co. Ltd. accounts for 10.15% or US$169,610 of our revenue, Innovation
Global Financial Group Ltd. accounts for 12.14% or US$202,959 of our revenue and Guangdong Shiny Technology Co. Ltd. for 15.08% or US$252,075
of our revenue. In addition, for the year ended June 30, 2024, our top 4 customers, Zhejiang Kewoyi International Trading Limited,
Dongguan Fanxin Electric Technology Limited, Beijing Boyuanhua Technology Co., Ltd. and Henan Chuanyi Technology Partnership Limited account
for 25%, 17%, 12% and 10%, respectively of our revenue. Our ability to maintain close relationships with major customers is essential
to the growth and profitability of our business. However, the volume of work performed for a specific customer is likely to vary from
year