Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 158

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 158
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 Inner Mongolia, Anhui and Qinghai.

<div align='center'>Figure 6 Growth of the top ten provinces and
cities in software business revenue in 2023</div>

Revenue from the Software Industry in major cities
grew steadily, while total profit dropped slightly. The MIIT surveyed the software industries in 15 major cities (or “sub-provincial
cities”), where the heads of government ranked at the sub-provincial level because of its size in population, economic significance
or for being the seat of a provincial government. In 2023, 15 major cities surveyed in the MIIT report across the country achieved revenue
from Software Industry of RMB5,960.4 billion, representing 48.4% of the national software industry revenue, and a year-on-year increase
of 11.2%. The growth rate was 1.2% higher than that of previous year. The total profit achieved in these 15 sub-provincial cities
was RMB793.6 billion, a year-on-year increase of 15.6%, the growth rate 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.

<div align='center'>Figure 7 Top 10 Growth of software business
revenue in sub-provincial cities in 2023

90

BUSINESS</div>

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
controlling interests in the PRC subsidiaries in March 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 100% and 99.9% for the six months ended December 31, 2024 and 2023, respectively. The proportion