Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 62

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 62
---
 continue to be generated, from fees we receive for our projects with a fixed price. For the years
ended June 30, 2024 and 2023, and for the six months ended December 31, 2024, all of our income was generated from fees it
received for projects with a fixed price. Our projects often involve complex technologies, entail the coordination of operations and
workforces in multiple locations, utilizing workforces with different skill sets and competencies and geographically distributed
service centers, and must be completed within compressed timeframes and meet customer requirements that are subject to change and
increasingly stringent. If we fail to accurately assess the time and resources required for completing projects and to price our
projects profitably, our business, results of operations and financial conditions could be adversely affected.

If we cause disruptions to our customers’
businesses or provide inadequate service, our customers may have claims for substantial damages against us, and as a result our profits
may be substantially reduced.

If our professionals make errors in the course
of delivering services to our customers or fail to consistently meet service requirements of a customer, these errors or failures could
disrupt the customer’s business, which could result in a reduction in our net revenues or a claim for substantial damages against
us. In addition, a failure or inability to meet a contractual requirement could seriously damage our reputation and affect our ability
to attract new business.

The services we provide are often critical to our
customers’ businesses. Any failure in a customer’s system or breach of security relating to the services we provide to the
customer could damage our reputation or result in a claim for substantial damages against us. Any significant failure of our equipment
or systems, or any major disruption to basic infrastructure like power and telecommunications in the locations in which we operate, could
impede our ability to provide services to our customers, have a negative impact on our reputation, cause us to lose customers, reduce
our revenues and harm our business.

Under our contracts with our customers, our liability
for breach of our obligations is in some cases limited to a certain percentage of contract price. Such limitations may be unenforceable
or otherwise may not protect us from liability for damages. In addition, certain liabilities, such as claims of third parties for which
we may be required to indemnify our customers, are generally not limited under our contracts. We currently do not have commercial general
or public liability insurance. The successful assertion of one or more large claims against us could have