Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 64

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 64
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680 of our revenue, Dongguan Fanxin Electric Technology Limited accounts for 17.0% or $776,452 of our revenue, Beijing Boyuanhua Technology Co., Ltd. accounts for 12.0% or $548,425 of our revenue, and Henan Chuanyi Technology Partnership Limited for 10.0% or $457,021 of our revenue. For the year ended June30, 2023, Guangdong Yangshuo Yunwei Energy Technology Co. Ltd. accounts for 23.12% or $386,421 of our revenue, Juyue Zaishou (Hainan) Investment Co. Ltd. accounts for 11.19% or $186,954 of our revenue, Canton Fair Advertising Co. Ltd. accounts for 10.15% or $169,610 of our revenue, Innovation Global Financial Group Ltd. accounts for 12.14% or $202,959 of our revenue and Guangdong Shiny Technology Co. Ltd. for 15.08% or $252,075 of our revenue. Our ability to maintain close relationships with major customers is essential to the growth and profitability of our business. However, the volume of work performed for a specific customer is likely to vary from year to year, especially since we are generally not our customers’ exclusive IT business solution provider, and we do not have long -termcommitments from any of our customers to purchase our services. In addition, our reliance on any individual customer for a significant portion of our revenues may give that customer a certain degree of pricing leverage against us when negotiating contracts and terms of service. A number of factors other than our performance could also cause the loss of or reduction in business or revenues 29 from a customer, and these factors are not predictable. These factors may include corporate restructuring, pricing pressure, changes to its outsourcing strategy, customers’ decision to switch to another service provider or returning work in -house. In the future, a small number of customers may continue to represent a significant portion of our total revenues in any given period. The loss of any of our major customers could adversely affect our financial conditions and results of operations. For our other business lines, our software customer base tends to vary from one year to another, as each purchase agreement tends to be a one -offevent with few repeat customers. A major customer in one year may not provide the same level of revenues for us in any subsequent year. The IT services we provide to our customers, and the revenues and income from those