Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 228

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 9
Chunk 228
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 30, 2024 and 2023, the sole director of the Company advanced $18,164
and $5,124 respectively to the Company, which is unsecured and non-interest bearing with no fixed terms of repayment.

Our
director, Mr. Tee, has not been compensated for the services.

    F-10

7.
ACCRUED LIABILITIES

As
of November 30, 2024 and 2023, the Company has other accruals of $9,500
and $3,750 respectively which comprise of outstanding audit fees.

8. DEFERRED REVENUE

As of November 30, 2024 and 2023, the Company has
deferred revenue of $3,000 and $2,400 respectively which consist of website maintenance fees received in advance from customers but have
yet to provide the service.

9.
SHAREHOLDERS’ EQUITY

On
August 15, 2023, upon the incorporation of the Company, Kae Ren Tee, subscribed 4,000,000 shares of common stock at par value of $0.001
per share for a total subscription value of $4,000.

On
July 11, 2024, the Company issued 1,545,000 shares of common stock being sold at $0.02 per share for a total of $30,900 through initial
public offering.

As
of November 30, 2024, the Company has 5,545,000 shares of common stock issued and outstanding.

The
Company has 75,000,000 shares of commons stock authorized.

10.
INCOME TAX

The
loss from operation before income taxes of the Company for the year ended November 30, 2024 and from August 15, 2023 (Date of Inception)
to November 30, 2023 were comprised of the following:

SCHEDULE
OF LOSS FROM OPERATION BEFORE INCOME TAX

    For the year ended
 November 30, 2024  
    From August 15,
 2023 (Date of
 Inception) to November 30, 2023 
  
    Tax jurisdictions from: 

    – Local 
    $(38,462) 
     (5,520)

    Foreign, representing 

    – Malaysia 
     (762) 
     - 
  
    Loss from operation before income tax 
    $(39,224) 
    $(5,520