Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 136

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 136
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’S DISCUSSION
AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

The information in this report contains forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our condensed consolidated financial statements included elsewhere in this report. This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. See “Disclosure Regarding Forward-Looking Statements” for a discussion of the uncertainties, risks, and assumptions associated with these statements. Actual results and the timing of events could differ materially from those discussed in our forward-looking statements as a result of many factors, including those set forth elsewhere in this report.

Business Overview

We are a business-to-business (“B2B”)
information technology (“IT”) business solutions provider. Our business mainly came from software development portfolio. The
proportion of revenue was 100% and 99.9% for the six months ended December 31, 2024 and 2023, respectively. The proportion of revenue
was 99.25% and 98.6% for the years ended June 30, 2024 and 2023, respectively.

We also conduct exhibition and conference services,
as well as hardware sales, which are two minor portfolios that generated no revenue for the six months ended December 31, 2024 and 2023,
and 0.74% and 0.01% for the year ended June 30, 2024, and 1.4% and nil for the year ended June 30, 2023, respectively.

Critical Accounting Policies, Judgments and
Estimates

We prepare our consolidated financial statements
in conformity with accounting principles generally accepted by the United States of America (“U.S. GAAP”), which
requires us to make judgments, estimates and assumptions that affect our reported amount of assets, liabilities, revenue, costs and expenses,
and any related disclosures. In each case, the determination of these items requires management judgements based on information and financial
data that may change in future periods. When reviewing our financial information, you should consider: (i) our selection of accounting
policies; and (ii) the results to changes in conditions and assumptions.

We believe that the following accounting policies
involve a higher degree of judgment and complexity in their application and require us to make significant accounting estimates. Accordingly,
these are the policies we believe are the most critical to understanding and evaluating our consolidated financial condition and results
of operations