Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 134

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 134
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 owned by BVI 3e Holdings                                                                            |     | Principal                  
 activities                 
 Investment                 
 holding                    
 Investment                 
 holding; Sales & Marketing |
|:------------------------------------------------------------------|:----|:----------------------|:----|:----------------------------------------------------------------------------------------------------|:----|:---------------------------|
| Maskmeta                                                          
 Limited (“Maskmeta”)                                              |     | ●        A            
 Hong Kong company     
 ●        Incorporated 
 on February 25, 2025  |     | 100%                                                                                                
 owned by BVI 3e Holdings                                                                            |     | Investment                 
 holding; Sales & Marketing |
| Guangzhou                                                         
 3e Network Technology Company Limited (“Guangzhou Sanyi Network”) |     | ●        A            
 PRC company           
 ●        Incorporated 
 on May 26, 2017       |     | 40%                                                                                                 
 owned by HK 3e Network                                                                              |     | Information                
 Technology                 |

<div align='center'>67

MANAGEMENT’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. Historically, through our two PRC subsidiaries, Guangzhou Sanyi Network and Guangzhou 3E Network, we started as a business that focuses on integrated software and hardware solutions in the property management and exhibition services spaces. Overtime, we expanded our software solutions offering to a variety of industries and sectors, including food establishments, real estate, exhibition & conferencing, and clean energy utilities. Following the sale of our controlling interests in the PRC subsidiaries in March 2025, our current business operations are conducted our Hong Kong subsidiary, HK 3e Network, which continues to develop and provide software solutions across these sectors.

Our business mainly came from software development portfolio. The proportion of revenue was 99.25% and 100% for the years ended June