Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 140

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 140
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 power plants with designed power generation capacity under 10 megawatts or management companies
that manage distributed solar power plants of that size. Our designed system allows management to access it via a mobile device or a PC
to monitor power plants in single or multiple locations. The program provides functions ranging from equipment fault alerts, repair and
maintenance, power generation monitoring, push notifications, to asset recording.

We provide materials and hardware such as gates,
card readers, visitor tags, and health code readers and personnel required to operate the hardware to exhibition and conference organizer
in exhibition and conference services. The service is to provide an entrance system for the exhibition and conference to record and monitor
its visitors and participants. The pricing of the service is usually determined with a markup based on the cost of materials, hardware
and labor cost. The contract is generally for a fixed period covering the set-up time and the exhibition or conference period. There are
no warranties provided for this service.

We have a relatively small number of customers
for our exhibition and conference services. Our ability to maintain close relationships with major customers is essential to the growth
and profitability of our business. However, the volume of work performed for a specific customer is likely to vary from year to year,
especially since we are generally not our customers’ exclusive IT business solution provider, and we do not have long-term commitments
from any of our customers to purchase our services. In addition, our reliance on any individual customer for a significant portion of
our revenues may give that customer a certain degree of pricing leverage against us when negotiating contracts and terms of service. A
number of factors other than our performance could also cause the loss of or reduction in business or revenues from a customer, and these
factors are not predictable. These factors may include corporate restructuring, pricing pressure, changes to its outsourcing strategy,
customers’ decision to switch to another service provider.

For this type of service, it involves a series
of interrelated tasks that cannot be separated or differentiated, because the goal of the clients is to have a usable system for the exhibition
and conference. Therefore, we recognize a single performance obligation to provide the complete service to the client during the contract
period. The ownership control of the service is transferred to the client at a point in time when the complete service is provided to
the client, as the client can only be benefit when the complete service is provided. Thus, the revenue is recognized at a point in time
when the provision of service is completed.

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