Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 251

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 9B
Chunk 251
---
 Issuance of share capital 
     30,900  
     4,000 

    Net cash provided by financing activity 
    $30,900  
    $4,000 

    Effect of exchange rate changes on cash and cash equivalents 
    $312  
    $- 

    Net increase in cash and cash equivalents 
    $3,022  
    $7,319 
  
    Cash and cash equivalents, beginning of year/period 
     7,319  
     - 

    CASH AND CASH EQUIVALENTS, END OF YEAR/PERIOD 
    $10,341  
    $7,319 

    SUPPLEMENTAL CASH FLOWS INFORMATION 

    Income taxes paid 
    $-  
    $- 
  
    Interest paid 
    $-  
    $- 

See
accompanying notes to consolidated financial statements.

F-6

ACEZTECH
CORPORATION

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEAR ENDED NOVEMBER 30, 2024 AND FROM AUGUST 15, 2023 (DATE OF INCEPTION) TO NOVEMBER 30, 2023

(CURRENCY
EXPRESSED IN UNITED STATES DOLLARS (“US$”), EXCEPT FOR NUMBER OF SHARES)

1.
ORGANIZATION AND BUSINESS BACKGROUND

Aceztech
Corporation, a Nevada corporation, (herein referred as “the Company”) was incorporated under the laws of the State of Nevada
on August 15, 2023.

On
June 4, 2024, the Company acquired 100% of the equity interest of Aceztech Sdn. Bhd., a limited liability company incorporated in Malaysia.

Aceztech
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.

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

The
financial statements for Ace