Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 274

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 274
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 is an integral component of the
financial reporting process, actual results could differ from those estimates.

d) Foreign currency translation and transactions

The Group’s reporting
currency is US dollars (“US$”). The Group’s operations are principally conducted through its subsidiaries located in
the PRC where RMB is the functional currency. For those subsidiaries which are not located in mainland PRC and have the functional currency
other than RMB, the financial statements are translated from their respective functional currencies into US$. Assets and liabilities
are translated using the exchange rate at each balance sheet date. Revenue and expenses are translated using average rates prevailing
during each reporting period, and shareholders’ equity is translated at historical exchange rates. Adjustments resulting from the
translation are recorded as a separate component of accumulated other comprehensive income in shareholders’ equity.

The following table outlines
the currency exchange rates that were used in creating the consolidated financial statements in this report, representing the certified
exchange rate published by the People’s Bank of China:

|                                                                  |     |     |        As of 
 December 31, 
         2024 |     |     |    As of 
 June 30, 
     2024 |
|:-----------------------------------------------------------------|:----|:----|-------------:|:----|:----|---------:|
| RMB into US$ for balance sheet items, except for equity accounts |     |     |       7.2993 |     |     |   7.2672 |
| HKD into US$ for balance sheet items, except for equity accounts |     |     |       7.7677 |     |     |   7.8083 |

|                                                                                                              |     | For the six months ended 
              December 31 |        |     |      |        |
|                                                                                                              |     |                     2024 |        |     | 2023 |        |
| RMB into US$ for items in the consolidated statements of operations and comprehensive income, and cash flows |     |                          | 7.1767 |     |      | 7.2347 |
| HKD into US$ for items in the consolidated statements of operations and comprehensive income, and cash flows |     |                          | 7.7870 |     |      | 7.8189 |

No representation is intended
to imply that the RMB and HKD amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31,
2024, or