Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 153

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 153
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171,608 |   |     |   | (888,932 | ) |     |   | (871,487 | ) |
| Effect of exchange rate changes on cash and cash equivalents |     |                     |     29,207 |   |     |   |   (7,858 | ) |     |   |  (45,688 | ) |
| Net increase in cash and cash equivalents                    |     |                     |    261,757 |   |     |   |   32,413 |   |     |   |  (27,369 | ) |
| Cash and cash equivalents at the beginning of period         |     |                     |     51,809 |   |     |   |   19,396 |   |     |   |   46,765 |   |
| Cash and cash equivalents at the end of period               |     | $                   |    313,566 |   |     | $ |   51,809 |   |     | $ |   19,396 |   |

To date, we have financed our operations primarily through borrowings from our stockholders, related and unrelated parties.

Operating Activities

Net cash used in operating activities from continuing operations for the year ended June 30, 2025 was US$376,065 (total of US$13,832 provided by operating activities including net cash provided by operating activities from discontinued operations of US$389,897), mainly comprising a net income from continuing operations of US$1,477,806, a non-cash adjustment for loss on disposal of subsidiaries of $880,707 and an increase in tax payables and other liabilities of US$1,010,090, offset by an increase in accounts receivable of US$2,679,313, and an increase in advances to suppliers of US$1,167,355.

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Net cash provided by operating activities from continuing operations for the year ended June 30, 2024 was US$250,776 (total of US$929,203 provided by operating activities including net cash provided by operating activities from discontinued operations of US$678,427), mainly comprising a net income from continuing operations of US$702,604 and an increase in tax payables of US$114,958, offset by an increase in accounts receivable of US$539,261.

Net cash used in operating activities from continuing operations for the year ended June 30, 2023 was