Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 272

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 272
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 |     |      |      25 | % |     |      |     25 | % |
| Income tax at PRC statutory income tax rate |     |                     |   477,236 |   |     |      | 204,390 |   |     |      |  3,947 |   |
| Difference due to preferential tax          |     |                     |  (240,772 | ) |     |      | (89,432 | ) |     |      | (2,180 | ) |
| Difference due to discontinue subsidiary    |     |                     |   194,675 |   |     |      |       - |   |     |      |      - |   |
| Income tax expense                          |     |                     |   431,139 |   |     |      | 114,958 |   |     |      |  1,767 |   |

For the years ended June 30, 2025, 2024, 2023, the Group has no deferred
tax assets.

For the years ended June 30,
2025, 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 June 30, 2025, 2024 or 2023. The Group does not expect that its assessment regarding
unrecognized tax positions will materially change over the next 12 months.

<div align='center'>F-23

3 E NETWORK TECHNOLOGY GROUP LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

12. Ordinary Shares

As of June 30, 2024, the Company had 1,000 Ordinary Shares, with par value of US$1 each. On January 3, 2024, the Company filed the Amended and Restated Articles with the Registrar of Corporate Affairs to increase its authorized shares from 50,000 ordinary shares, par value of $1 per share, to 500,000,000 ordinary shares, par value of $0.0001 per share, consisting of (i) 400,000,000 Class A Ordinary Shares, par value of $0.0001, and (ii) 100,000,000 Class B Ordinary Shares, par value of $0.0001. In respect of matters requiring a shareholders’ vote, holders shall be entitled to one vote per share on all matters subject to