Revenue Growth - Total revenue increased by US$3,975,823, or 462.66%, to US$4,835,167 for the year ended June 30, 2025, compared to US$859,344 for the year ended June 30, 2024[408] - Revenue from new customers accounted for US$3,867,698, or 80.00% of total revenue for the year ended June 30, 2025[401] - Total revenues increased by US$822,214, or 2214.40%, to US$859,344 for the year ended June 30, 2024, compared to US$37,130 for the year ended June 30, 2023[425] - Revenue from software development services rose by US$822,214 or 2214.40% to US$859,344 for the year ended June 30, 2024, driven by efforts to expand the customer base[426] Cost and Expenses - Cost of revenues increased by US$2,395,317, or 7752.84%, to US$2,426,213 for the year ended June 30, 2025, from US$30,896 for the year ended June 30, 2024[410] - Cost of revenues increased by US$23,558 or 321.04% to US$30,896 for the year ended June 30, 2024, but as a percentage of revenue, it decreased to 3.60% from 19.76% in the previous year[427] - General and administrative expenses rose by US$585,918, or 5,396.19%, to approximately US$596,776 for the year ended June 30, 2025[413] - General and administrative expenses decreased by US$659, or 5.72%, to approximately US$10,858 for the year ended June 30, 2024[429] Profitability - Gross profit increased by US$1,580,506, or 190.78%, to US$2,408,954 for the year ended June 30, 2025, with a gross margin decrease from 96.40% to 49.82%[411] - Gross profit increased by US$798,656, or 2680.75%, to US$828,448 for the year ended June 30, 2024, with gross margin improving to 96.40% from 80.24%[428] - Net income from continuing operations increased by US$775,202, or 110%, to US$1,477,806 for the year ended June 30, 2025[418] - Net income from continuing operations increased by US$688,582, or 4910.74%, to US$702,604 for the year ended June 30, 2024, compared to US$14,022 for the previous year[435] - Net income increased by US$552,190 or 55.45% to US$1,548,347 for the year ended June 30, 2024, from US$996,157 for the year ended June 30, 2023[438] Discontinued Operations - Loss from discontinued operations was US$712,887 for the year ended June 30, 2025, compared to a gain of US$845,743 for the year ended June 30, 2024[419] - Loss from discontinued operations was US$845,743 for the year ended June 30, 2024, compared to a gain of US$982,135 for the year ended June 30, 2023[436] Cash Flow and Liquidity - The net cash provided by operating activities for the year ended June 30, 2025 was US$13,832, a significant decrease from US$929,203 in 2024[456] - The company reported net cash used in investing activities of US$2,952,890 for the year ended June 30, 2025, primarily due to purchases of financial assets held for sale[460] - Net cash provided by financing activities was US$3,171,608 for the year ended June 30, 2025, mainly from the issuance of ordinary shares for cash of US$1,695,597[462] - The company expects to require additional capital to execute its longer-term business plan and may need to take measures to conserve liquidity if unforeseen circumstances arise[453] - The company has historically funded its working capital needs primarily from operations, advance payments from customers, and loans from shareholders[455] - The company reported a net income from continuing operations of US$1,477,806 for the year ended June 30, 2025, despite a net cash used in operating activities of US$376,065[457] Business Operations - The company operates primarily in China, and all revenue, expenses, and cash equivalents are denominated in HKD, which may affect its ability to distribute dividends outside of China[454] - The company is a B2B IT business solutions provider, focusing on integrated software solutions across various industries, including food establishments and clean energy utilities[479] - The company plans to significantly expand its customer base to diversify revenues, with new customer revenues expected to rise quickly in the first several years following initial engagement[488] - The company is developing management software for distributed photovoltaic power plants with a designed capacity under 10 megawatts, targeting a sector with significant government support[489] - The company provides exhibition and conference services, including hardware and personnel, with pricing typically determined by a markup on costs[490] - The company has a relatively small number of customers for its exhibition and conference services, which may lead to revenue variability due to lack of long-term commitments[491] - Revenue from hardware sales, such as gates and card readers, is recognized upon customer confirmation of receipt, with installation services being relatively immaterial[494] Accounts and Taxes - Accounts receivable are carried at net realizable value, with an allowance for credit losses established based on individual account analysis and historical trends[496] - Deferred income taxes are recognized for temporary differences between tax bases and reported amounts, with valuation allowances established for deferred tax assets expected to be unrealized[497] Strategic Developments - The company signed a non-binding Memorandum of Understanding with Orka Technologies Oy to jointly develop a data center in Finland[444] - The company entered into equity transfer agreements to sell 60% of Guangzhou Sanyi Network and 100% of Guangzhou 3E Network, reallocating resources towards expanding overseas operations[446] - As of June 30, 2025, the company had cash and cash equivalents of US$313,566, current assets of approximately US$7,191,985, and current liabilities of US$2,921,270[451]

Core Points - 3 E Network Technology Group Limited has closed an offering of a convertible promissory note amounting to $1,500,000, resulting in gross proceeds of $1,380,000 [1][2] Company Overview - 3 E Network Technology Group Limited is a B2B IT business solutions provider, offering integrated software and hardware solutions primarily for property management and exhibition services [4] - The company has expanded its software solutions to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities [4] - The business comprises two main portfolios: software development and exhibition and conference [4]

Core Viewpoint - 3 E Network Technology Group Limited has amended its previously announced private placement of senior convertible secured notes, adjusting terms related to conversion and exercise prices to protect investor interests [1][2]. Group 1: Offering Details - The Offering, initially announced on June 9, 2025, involved three tranches of Notes and Warrants with a total principal amount of $7.4 million [2]. - The First Tranche Note has been amended to establish a Floor Price of $0.63, which is 20% of the Minimum Price as defined by Nasdaq Rules as of June 9, 2025 [2]. - The Warrant's exercise price has also been amended to not fall below the Floor Price, with provisions for cash compensation if the conversion or exercise price is below this threshold [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for general corporate and working capital purposes, as determined by the Company's Board of Directors [3]. Group 3: Company Overview - 3 E Network Technology Group Limited operates as a B2B IT business solutions provider, offering integrated software and hardware solutions through its subsidiaries [4]. - The Company has expanded its software solutions to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities [4]. - The business comprises two main portfolios: software development and exhibition and conference services [4].

Core Viewpoint - 3 E Network Technology Group Limited has received a deficiency letter from Nasdaq regarding non-compliance with the minimum bid price requirement for its ordinary shares [1][2]. Compliance Status - The company has a compliance period of 180 calendar days, until March 24, 2026, to regain compliance by achieving a closing bid price of $1.00 per share for at least 10 consecutive business days [2][3]. - If the company does not regain compliance within the initial period, it may be eligible for an additional compliance period, provided it meets other listing requirements [3][4]. Business Operations - The receipt of the deficiency letter does not affect the company's business operations, and it plans to monitor the closing bid price actively [5]. - 3 E Network is a B2B IT solutions provider, offering integrated software and hardware solutions across various sectors, including property management, food establishments, and clean energy utilities [6].

Group 1 - The top five Chinese concept stocks that experienced the largest declines at closing were Bit Origin, Duojusi, Sanyi Technology, Shenfanlian, and Mingzhu Freight, with declines ranging from approximately 10% to nearly 20% [1] - Bit Origin saw a decline of 11.58%, closing at a price of 0.4519, with a trading volume of 3.5652 million [1] - Duojusi dropped by 11.20%, closing at 14.190, with a trading volume of 1.8711 million [1] Group 2 - Sanyi Technology fell by 10.56%, closing at 0.8855, with a trading volume of 36,100 [1] - Shenfanlian decreased by 10.08%, closing at 0.5300, with a trading volume of 117,700 [1] - Mingzhu Freight experienced the largest drop of 19.996%, closing at 0.7200, with a trading volume of 11,300 [1]

Core Insights - 3 E Network Technology Group Limited is expanding its global mining farm construction and hosting business in response to new regulations in the stablecoin market, specifically Hong Kong's Stablecoin Ordinance and the U.S. GENIUS Act [1][2] Company Overview - 3 E Network Technology Group Limited operates as a B2B IT business solutions provider, offering integrated software and hardware solutions across various sectors including property management, exhibition services, food establishments, real estate, and clean energy utilities [3] - The company's business is divided into two main portfolios: software development and exhibition and conference services [3] Industry Context - The recent legislation establishes a clear framework for compliant stablecoin issuance and operation, marking a transition from unregulated digital assets to a core component of the global digital financial infrastructure [2] - The focus on compliance, including full reserves and anti-money laundering measures, is expected to foster institutional trust and accelerate the adoption of stablecoins [2] - The company recognizes the ongoing technical, operational, financial, and regulatory challenges faced by stablecoins, emphasizing the need for a robust compliance framework as it expands its operations [2]

Core Viewpoint - 3 E Network Technology Group Limited has completed the first tranche of a three-tranche private offering, with plans to use part of the proceeds to purchase Bitcoin, aiming to enhance its cryptocurrency reserves and support growth in the Web 3.0 era [1][2]. Group 1: Offering Details - The offering involves the issuance of up to $7.4 million in aggregate principal amount of senior secured convertible notes and accompanying warrants to an institutional investor [2]. - The first tranche consists of $2.2 million in principal amount of notes and related warrants, which was issued in two installments and closed on July 8, 2025 [2]. Group 2: Company Overview - 3 E Network Technology Group Limited is a B2B IT business solutions provider, offering integrated software and hardware solutions primarily for property management and exhibition services [3]. - The company has expanded its software solutions to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities [3]. - The business comprises two main portfolios: the software development portfolio and the exhibition and conference portfolio [3].

Core Viewpoint - 3 E Network Technology Group Limited announced a private placement of up to $7.4 million in senior convertible secured notes and accompanying warrants to an institutional investor, aimed at enhancing its capital structure and providing growth opportunities [1][2]. Group 1: Offering Details - The Offering consists of three tranches: - First Tranche: Up to $2.2 million in principal amount, issued in two installments [2]. - Second Tranche: Up to $2.2 million, contingent on the First Tranche Note having less than $500,000 remaining or after 120 days post-effectiveness of the initial resale registration statement, with a minimum market capitalization requirement of $30 million [2]. - Third Tranche: Up to $3.0 million, to be issued by mutual consent within 180 days after the Second Tranche closing [2]. - The conversion price of the Notes is set at the lower of a fixed price of 120% of the average of the three daily VWAPs prior to the closing date or a floating price based on 93% of the lowest daily VWAP in the preceding 10 trading days [2]. Group 2: Registration Rights and Agreements - A Registration Rights Agreement was established, requiring the Company to file a registration statement on Form F-1 with the SEC within 15 days of the First Tranche closing to cover the resale of Shares from the conversion of the Notes and exercise of the Warrants [3]. - The Company will also file registration statements for the Second and Third Tranche Shares within 15 days after each tranche's closing [3]. - A Guarantee Agreement will be executed at each tranche closing to secure the Company's obligations under the Purchase Agreement [4]. Group 3: Pre-Delivery Shares - The Company issued 1,248,611 Pre-Delivery Shares and pre-funded warrants for an additional 213,389 Pre-Delivery Shares, allowing the Investor to use these shares for timely conversions under the Notes [5]. - The Investor has the right to purchase Pre-Delivery Shares at a price equal to 93% of the average of the daily VWAPs for the 10 trading days preceding the purchase, starting after all Notes are settled [5]. Group 4: Company Overview - 3 E Network Technology Group Limited is a B2B IT business solutions provider, offering integrated software and hardware solutions primarily in property management and exhibition services [7]. - The Company has expanded its offerings to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities, with two main portfolios: software development and exhibition/conference services [8].