Company: HNIT
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001641172-25-003960
Chunk: 36

Company: Huineng Technology Corp
Filing Date: 2025-04-14
Form: 10-Q
Item: Item 8
Chunk 36
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2024, the Company acquired 100% of the equity interest of Aceztech Sdn. Bhd., a limited liability company incorporated in Malaysia.

On
January 21, 2025, the Company’s Board of Directors approved changing the corporate name from Aceztech Corporation to Huineng Technology
Corporation (herein referred as the “Name Change”) and approved the application for a new stock symbol (herein referred as
the “Symbol Change”). On the same day, the Company filed an Issuer Company-Related Action Notification Form with Financial
Industry Regulatory Authority (herein referred as “FINRA”) to request effectiveness of the Name Change and Symbol Change.

On
February 14, 2025, FINRA announced that the Name Change and Symbol Change would be made effective in the marketplace as of market open
on February 18, 2025. Additionally, FINRA approved the Company’s request to change its stock symbol from “ACZT” to
“HNIT”.

On
February 20, 2025, our sole director and officer, Kae Ren Tee resigned his positions as Director, President, Chief Executive Officer,
Secretary and Treasurer of the Company. Upon such resignations, Mr. Guoxiang Ao was appointed as the new President, Chief Executive Officer,
Secretary, Treasurer and Director of the Company.

Huineng
Technology Corporation is headquartered in Kuala Lumpur, Malaysia (herein referred as “Malaysia”). We primarily provide website
related services including website development, website design and website maintenance to companies and individual customers in Malaysia
and Hong Kong. Our mission is to serve as a trusted partner on our customers’ digital journeys.

The
Company’s executive office is located at 33-01, 33rd Floor, Menara Keck Seng, 203 Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.

-3-

Results
of operations

Three
months ended February 28, 2025 and February 29, 2024

Revenues

For
the three months ended February 28, 2025, the Company generated revenue in the amount of $1,200.

For
the three months ended February 29, 2024, the Company generated revenue in the amount of $6,600.

The
revenue generated was from the Company providing website development, design and maintenance services to the customers.

General
and Administrative Expenses

For
the three months ended February 28, 2025,