Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 151

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 151
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 the markets, which allows us to design software products that can improve the efficiency of our customers and meet their needs in a cost -effectiveway. Also, through research and development, we have actively invested in broadening our product lines. Due to the concentration of our customer base and our billing model as a seller of one -timesoftware solution rather than as a Software -as - a-Service(SaaS) provider, we will need to continue to launch new products to serve our existing customers and attract new customers. In 2023, we launched a new software product category, solar plant management system, which generated $386,420 in revenue and accounted for 23.5% of software development services revenue in the years ended June30, 2023. In 2024, we developed software products for Intelligent music generation and highway monitoring and control, which generated $1,125,680 and $776,452 in revenue and accounted for 24.7% and 17.0% of software development service revenue in the year ended June30, 2024, respectively. • Our ability to attract, retain and motivate qualified employees.We pay particular attention in recruiting the right talent to join the Company. We develop intern programs with universities and technical colleges to support the talents in the community and get more exposure to graduates in the early stage of their career path. We provide on -the -jobtraining to our staff, and encourage them to attend technical seminars and courses to update their knowledge. We believe our approach to attract and develop talents allows us to achieve a relatively low turnover among our technical staff. 79

Results of Operations

|                                          |     |       Year 
      ended 
   June 30, 
       2024 |   |     |    As 
  % of 
 sales |   |     |      Year 
     ended 
  June 30, 
      2023 |   |     |    As 
  % of 
 sales |   |     |  Increase/ 
 (Decrease) |   |     |      % |   |
|:-----------------------------------------|:----|-----------:|:--|:----|------:|:--|:----|----------:|:--|:----|------:|:--|:----|-----------:|:--|:----|-------:|:--|
| Revenue                                  |     |  4,561,963 |   |     | 100.0 |   |     | 1,671