Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 94

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 94
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 was 13.2% higher than that of the previous year. Among them, the year-on-year growth rate of software business revenue in Harbin, Wuhan, Dalian, Shenzhen, Jinan, Xiamen and Shenyang exceeded the industry average. Figure 7 Top 10 Growth of software business revenue in sub-provincial cities in 2023 57 BUSINESS Business Overview We are a business-to-business (“B2B”) information technology (“IT”) business solutions provider. Historicaly, 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 interests in the PRC subsidiaries in March 2025 and December 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 30, 2024 and 2025, respectively. We also conducted exhibition and conference services, as well as hardware sales, which generated 1.4% and nil for the year ended June 30, 2023, 0.74% and 0.01% for the year ended June 30, 2024, and nil and nil for the year ended June 30, 2025, respectively. We no longer conduct exhibition and conference services in the year ended June 30, 2025, as part of a strategic decision to focus resources on our core software development and overseas business expansion initiatives. 1. Software Development Portfolio As an IT business solution provider, we take pride in our technical acumen in delivering software solutions for our business customers. The key pillar of our growth story and the primary engine of our growth is the development of custom software solutions for our customers. We work closely with our customers to analyze their software requirement, develop system specifications with them, and start coding and testing once we reach a conclusion on the specifications. The completed software system will then be delivered to customers for testing before their final acceptance. Our software solutions serve a variety of industries and sectors, including in restaurant management, property management, exhibit