Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 265

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 265
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202 |   |

F-21

3 E NETWORK TECHNOLOGY GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 16.Subsequent Events The Company has evaluated subsequent events through the date of issuance of this consolidated financial statements, which was through December 4, 2024, and noted that there are no other material subsequent events. 17.Financial Information of the Parent Company The Parent Company was incorporated on October 8, 2018. The following disclosures present the financial positions of the Parent Company as of June 30, 2024 and 2023, and results of operations and cash flows of the Parent Company for the years ended June 30, 2024 and 2023. The financial statements of the Parent Company have been prepared using the same accounting policies as set out in the Group’s consolidated financial statements except that the Parent Company uses the equity method to account for investments in its subsidiaries. The Parent Company and its subsidiaries were included in the consolidated financial statements whereby the inter -companybalances and transactions were eliminated upon consolidation. For the purpose of the Parent Company’s financial statements, its investments in subsidiaries are reported using the equity method of accounting. The Parent Company is a BVI company, therefore, is not subject to income taxes for all years presented. Balance Sheets (In US$, except for share and per share data, or otherwise stated)

| Assets                                                                                                                                               |     | As of June 30, 
 2024           |           |   |     | 2023 |           |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------------|----------:|:--|:----|:-----|----------:|:--|
| Investments in subsidiaries                                                                                                                          |     | $              | 2,745,097 |   |     | $    | 1,200,513 |   |
| Total Assets                                                                                                                                         |     | $              | 2,745,097 |   |     | $    | 1,200,513 |   |
| Liabilities                                                                                                                                          |     |                |           |   |     |      |           |   |
| Due to related parties                                                                                                                               |     | $              |     8,579 |   |     | $    |     3,359 |   |
| Other payables                                                                                                                                       |     |                |         — |   |     |      |       702 |   |
| Total Liabilities                                                                                                                                    |     |                |     8,579 |   |