Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 154

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 154
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 US$72,525 (total of US$901,288 provided by operating activities including net cash provided by operating activities from discontinued operations of US$973,813), mainly comprising a net income from continuing operations of US$14,022, offset by an decrease in other liabilities of US$90,201.

Investing Activities

Net cash used in investing activities was US$2,952,890 for the year ended June 30, 2025, all of which was from continuing operations. Net cash used in investing activities was mainly due to (i) purchases of financial assets held for sale of US2,352,941, and (ii) proceeds of long-term investment of US$625,505.

Net cash used in investing activities for the year ended June 30, 2024 was nil from continuing operations and nil from discontinued operations.

Net cash provided by investing activities for the year ended June 30, 2023 was nil from continuing operations and (ii) US$11,482 from discontinued operations for purchase of fixed assets.

Financing Activities

Net cash provided by financing activities was US$3,171,608 for the year ended June 30, 2025, all of which was from continuing operations. Net cash provided by financing activities was mainly due to (i) issuance of ordinary shares for cash of US$1,695,597, and (ii) proceeds from issuance of convertible bonds and warrants of US$1,413,011.

Net cash used in financing activities for the year ended June 30, 2024 was US$888,932 comprising (i) US$931,348 used in financing activities for continuing operations and (ii) US$42,416 provided by financing activities from discontinued operations. Net cash used in financing activities for continuing operations included repayment of interest-free loan to related parties of US$191,703 and an increase in deferred IPO cost of US$740,645.

Net cash used in financing activities for the year ended June 30, 2023 was US$871,487 comprising (i) US$329,405 from continuing operations and (ii) US$542,082 from discontinued operations. Net cash used in financing activities for continuing operations included deferred IPO cost of US$329,405.

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INDUSTRY

As of December 31, 2023</div>

The PRC software and information technology service industry (“Software Industry”) displayed a steady development trend in 2023. Statistics from the