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Organization
6 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Organization

1. Organization

 

3 E Network Technology Group Limited (the “Company” or “3e Network”), was incorporated in the British Virgin Islands, or BVI, on October 6, 2021. The Company, through its subsidiaries (collectively, the “Group”), is primarily engaged in providing business-to-business information technology (“IT”) business solutions for companies in the People’s Republic of China (the “PRC” or “China”). The Company conducts its primary business operations through Guangzhou 3e Network Technology Company Limited (“Guangzhou Sanyi Network”) and Guangzhou 3E Network Technology Company Limited (“Guangzhou 3E Network”), indirect wholly-owned subsidiaries based in PRC that were incorporated on May 26, 2017 and January 17, 2023, respectively. The Company is ultimately controlled by Mr. Joseph Shu Sang Law, our Chairman and Director.

 

a. Subsidiaries

 

As of December 31, 2024, the detailed information of the Group’s consolidated subsidiaries is summarized as follows:

 

Name of the entity  Date of
incorporation
  Percentage of
ownership
   Place of
incorporation
  Principle business
activities
Subsidiaries             
3e Network Technology Holdings Limited (“BVI 3e Holdings”)  October 8,
2018
   100%  British Virgin Islands  Investment holding
               
3e Network Technology Company Limited (“HK 3e Network”)  August 30, 2020   100%  Hong Kong  Investment holding and sales and marketing
               
Guangzhou 3e Network Technology Company Limited (“Guangzhou Sanyi Network”)  May 26, 2017   100%  China  IT consulting and solutions service
               
Guangzhou 3E Network Technology Company Limited (“Guangzhou 3E Network”)  January 17, 2023   100%  China  IT consulting and solutions service

 

b. Stock Split

 

On January 3, 2024, the Company filed the Amended and Restated Memorandum and Articles of Association (“Amended and Restated Articles”) with the Registrar of Corporate Affairs to increase its authorized shares from 50,000 ordinary shares, par value of $1 per share, to 500,000,000 ordinary shares, par value of $0.0001 per share, consisting of (i) 400,000,000 Class A Ordinary Shares, par value of $0.0001, and (ii) 100,000,000 Class B Ordinary Shares, par value of $0.0001. Simultaneously, the Company effectuated a forward split of all issued and outstanding ordinary shares at a ratio of 1-for-10,000, and converted all existing issued and outstanding ordinary shares into Class A Ordinary Shares of the Company at a ratio of 1-for-1. As a result, as of the date hereof, there are 10,000,000 issued and outstanding Class A Ordinary Shares of the Company.