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Organization
12 Months Ended
Jun. 30, 2025
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

 

The consolidated financial statements reflect the activities of MASK and each of the following entities:

 

    Date of   Percentage of   Place of   Principle business  
Name of the entity   incorporation   ownership   incorporation   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
 
                         
Maskmeta Limited (“Maskmeta”)   February 25, 2025     100 %   Hong Kong     Investment holding and sales and marketing  
                         
Guangzhou 3e Network Technology Company Limited (“Guangzhou Sanyi Network”)*   May 26,
2017
  100 %   PRC   IT consulting and solutions service  
                         
Guangzhou 3E Network Technology Company Limited (“Guangzhou 3E Network”)*   January 17,
2023
  100 %   PRC   IT consulting and solutions service  

 

*The Company has disposed.

 

The company sold 60% of equity in Guangzhou Sanyi Network and all equity in Guangzhou 3E Network on March 21, 2025. The divestment of Guangzhou Sanyi Network and Guangzhou 3E Network falls under the category of non-continuing operations. These transactions, which have a significant impact on the company's entity operations and financial statements or represent a strategic shift, align with the definition of discontinued operations as outlined in ASC 205-20-45-1A to 45-1C and ASC 205-20-45-1E. We have retrospectively classified them as discontinued operations.

 

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 June 30, 2024, there were 10,000,000 issued and outstanding Class A Ordinary Shares of the Company.