Company: HNIT
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001493152-25-018080
Chunk: 9

Company: Huineng Technology Corp
Filing Date: 2025-10-15
Form: 10-Q
Item: Item 3
Chunk 9
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 Company are provided by executive management’s review and approval
of all transactions. Our internal control over financial reporting also includes those policies and procedures that:

    1.
    pertain
    to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;

    2.
    provide
    reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
    U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of our management; and

    3.
    provide
    reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that
    could have a material effect on the financial statements.

-6-

Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may deteriorate.

Management
assessed the effectiveness of the Company’s internal control over financial reporting as of August 31, 2025. In making this assessment,
management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated
Framework. Management’s assessment included an evaluation of the design of our internal control over financial reporting and testing
of the operational effectiveness of these controls.

As
of August 31, 2025, management assessed the effectiveness of our internal control over financial reporting based on the criteria for
effective internal control over financial reporting established in Internal Control — Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission (“COSO”) in 2013 and SEC guidance on conducting such assessments.
Based on such evaluation, the Company’s management concluded that, during the period covered by this Report, our internal control
over financial reporting were not effective due to the presence of material weaknesses.

Changes
in Internal Control over Financial Reporting:

There
were no changes in our internal control over financial reporting during the nine months ended August 31, 2025, that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.

-7-

PART
II — OTHER INFORMATION

Item
1. Legal Proceedings

We
are not subjected to nor engaged in any litigation, arbitration or claim of material importance, and no litigation, arbitration or claim