Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 209

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 9
Chunk 209
---
 and/or to award incentive bonuses which are linked to our performance, as well as to the individual executive officer’s
performance. This package may also include long-term stock-based compensation to certain executives, which is intended to align the performance
of our executives with our long-term business strategies. Additionally, while our Board of Directors has not granted any performance
base stock options to date, the Board of Directors reserves the right to grant such options in the future, if the Board in its sole determination
believes such grants would be in the best interests of the Company.

Incentive
Bonus

The
Board of Directors may grant incentive bonuses to our executive officer and/or future executive officers in its sole discretion, if the
Board of Directors believes such bonuses are in the Company’s best interest, after analyzing our current business objectives and
growth, if any, and the amount of revenue we are able to generate each month, which revenue is a direct result of the actions and ability
of such executives.

Long-term,
Stock Based Compensation

In
order to attract, retain and motivate executive talent necessary to support the Company’s long-term business strategy we may award
our executive and any future executives with long-term, stock-based compensation in the future, at the sole discretion of our Board of
Directors, which we do not currently have any immediate plans to award.

17

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

As
of November 30, 2024, the Company has 5,545,000 shares of common stock issued and outstanding, which number of issued and outstanding
shares of common stock have been used throughout this report.

    Name and Address of  Beneficial Owner 
    Shares of Common Stock Beneficially Owned  
    Common Stock Voting Percentage Beneficially Owned  
    Voting Shares of Preferred Stock  
    Preferred Stock Voting Percentage Beneficially Owned  
    Total Voting Percentage Beneficially Owned 
  
    Executive Officers and Directors 

    Kae Ren Tee  Chief Executive Officer, Chief Financial Officer and Director 
     4,000,000  
     72% 
     -  
     -  
     72%
  
    5% or Greater Shareholders 
     -  
     -  
     -  
     -  
     - 

*Officers
and or Directors who may hold a 5% or greater controlling interest in