Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 51

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 51
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 titled “Management’s Discussion and Analysis of Financial Condition and Results of Operation” and our consolidated financial statements and related notes. If any of these risks actually occurs, our business, financial condition, results of operations or cash flow could be materially and adversely affected, which could cause the trading price of our Class A Ordinary Shares to decline, resulting in a loss of all or part of your investment. The risks described below are not the only ones that we face. Additional risks not presently known to us or that we currently deem immaterial may also affect our business. You should only consider investing in our Class A Ordinary Shares if you can bear the risk of loss of your entire investment.

Risks Related to Our Business and Industry

Our limited operating history subsidiaries
may not be indicative of our future growth and may make it difficult to predict our future prospects, business and financial performance.
We may not be able to achieve anticipated growth, which could materially and adversely affect our business and prospects.

We have a relatively short operating history, with
significant but uneven growth, interrupted by significant disruptions of the COVID-19 pandemic. Our revenues declined from US$2,164,119
in the year ended June 30, 2021 based on management account to US$1,296,377 in the year ended June 30, 2022, but rebounded to
US$1,671,351 in the year ended June 30, 2023, and continuously grew to US$4,561,963 in the year ended June 30, 2024. Our revenue
further increased from US$2,972,111 for the six months ended December 31, 2023 to US$3,128,203 for the six months ended December 31, 2024.
However, our short operating history may not serve as an adequate basis for evaluating our prospects and future operating results, including,
but not limited to, key operating data, net revenue, cash flows and operating margins. In addition, our growth was significantly interrupted
by the COVID-19 pandemic, lockdown policies and the long-term impacts on the PRC’s economic outputs and industrial activities. As
a result, you may not be able to fully discern the market dynamics and headwinds that we are subject to and to assess our business prospects.

In addition, to adapt to various economic, operational and
regulatory challenges, our business strategies and product and service offerings have also experienced significant shifts during the COVID-19
pandemic. As some industrial