Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 54

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 54
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 political instability and hostilities. For example, the COVID-19
pandemic and social distancing orders resulted in severe global travel restrictions, closure or reduction in capacity of event venues,
hotels, attractions and other operations, and reluctance of customers to travel. These circumstances had severe effects on our business.
A decline in travel-related consumer discretionary or corporate marketing spend, or the occurrence of other pandemic or geopolitical events
or hostilities that affect the availability and pricing of air travel and accommodations, could materially and adversely affect our business
and results of operations.

The renewable energy utility industry
in which our customers operate is a new and evolving market, which may not grow to the size or at the rate we expect.

We have recently entered the renewable energy utility
market where we provide software and IT solutions for solar farms and other renewable energy utility systems. The renewable energy industry
is a new and rapidly growing market opportunity. We believe the renewable energy industry will still take several years to fully
develop and mature, but we cannot be certain that the market will grow to the size or at the rate that we expect. Any future growth of
the renewable energy market depends on many factors beyond our control, including recognition and acceptance of the solar service market
by consumers, the pricing of alternative sources of energy, a favorable regulatory environment, the continuation of expected tax benefits
and other incentives. Our business might be adversely affected should the markets for solar energy not develop to the size or at the rate
we expect, or should our customers not experience the kind of growth we anticipate and rely on for our business development.

In particular, solar energy has yet to achieve
broad market acceptance and depends in part on continued support in the form of rebates, tax credits, and other incentives from central
and local governments in China. If this support diminishes materially, our ability to attract customers for our products and services
could be adversely affected. Growth in residential solar energy also depends on dynamic macroeconomic conditions, retail prices of electricity
and customer preferences. Declining macroeconomic conditions, including labor markets and residential real estate markets, could contribute
to instability and uncertainty among customers and impact their financial ability or interest in entering into long-term contracts, even
if such contracts would generate immediate and long-term savings. It also remains prohibitively expensive for new market participants
to enter the industry.

Market prices of retail electricity generated by
utilities or other energy sources also could decline for a variety of reasons. Any such declines in macroeconomic conditions, changes
in retail prices