Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 189

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 189
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 Sanyi Network and Guangzhou 3E Network as of June 30,
2024 and 2023 were reclassified from certain amounts reported in the prior year to present separately in captions titled “assets
of discontinued operations – current”, “assets of discontinued operations – non-current”, “liabilities
of discontinued operations – current” and “liabilities of discontinued operations – non-current” to conform
to current year financial statement presentation.

The following is a summary of assets and liabilities as of June 30, 2025 and a reconciliation of assets and liabilities disclosed in the notes to financial statements that are presented as a discontinued operation on the consolidated balance sheet as of June 30, 2024 and 2023:

| ASSETS OF DISCONTINUED OPERATION                    
 CURRENT ASSETS:                                     |     | June 30, 
 2025     |   |     | June 30, 
 2024     |           |     | June 30, 
 2023     |           |
|:----------------------------------------------------|:----|:---------|:--|:----|:---------|----------:|:----|:---------|----------:|
| Cash and cash equivalents                           |     | $        | - |     | $        |    40,692 |     | $        |     4,005 |
| Accounts receivable, net                            |     |          | - |     |          | 1,558,227 |     |          |   875,281 |
| Due from related parties                            |     |          | - |     |          |     6,400 |     |          |     7,299 |
| Deposits, prepayments and other current assets, net |     |          | - |     |          |    16,102 |     |          |    19,466 |
| Total current assets                                |     |          | - |     |          | 1,621,421 |     |          |   906,051 |
| NON - CURRENT ASSETS:                               |     |          |   |     |          |           |     |          |           |
| Property, planty and equipment, net                 |     |          | - |     |          |    11,216 |     |          |    17,787 |
| Deferred tax assets                                 |     |          | - |     |          |   104,857 |     |          |   264,736 |
| Total non