Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 4

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 1
Chunk 4
---
 is evolving rapidly and is often characterized by ambiguity which
encompasses data privacy and security, pricing, advertising, content regulation and intellectual property. We are subject to several
local and foreign privacy and data protection laws. Regulatory bodies worldwide have either adopted or proposed requirements related
to the collection, distribution, use, security and storage of personal information or other confidential information of individuals.

When
developing websites and conducting data maintenance, the Company or its employees may need to access personal information, as outline
in the Malaysia Personal Data Protective Act 2010 (referred to as “PDPA”). According to the PDPA, a Data User, such as the
Company or its employees is prohibited from processing personal data related to an individual unless that individual has granted explicit
consent for the processing of their personal information. Failure to adequately protect data or ensure its secure destruction could expose
us to potential regulatory investigations or enforcement measures under relevant data security or consumer protection laws. The extent
and understanding of these regulations may change, leading to potential increases in both the obligations placed on us and the costs
associated with our compliance in the future.

6

ITEM
1A. RISK FACTORS

We
are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this item.

ITEM
1B. UNRESOLVED STAFF COMMENTS

We
are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this item.

ITEM
2. DESCRIPTION OF PROPERTY

We
do not own any real estate or other properties. Our office is located at 33-01, 33rd Floor, Menara Keck Seng, 203 Jalan Bukit Bintang,
55100 Kuala Lumpur, Malaysia.

At
this time, we rent co-sharing office space, from a third party, at a total cost of $132. The rental period is for a period of six months
from November 1, 2024 through April 30, 2025.

ITEM
3. LEGAL PROCEEDINGS

From
time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation
is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.
There are currently no pending