Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 127

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 5
Chunk 127
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 Exchange Act of 1934 and are not required to provide the information
under this item.

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion and analysis of our results of operations and financial condition for fiscal year ended November 30, 2024 should
be read in conjunction with our financial statements and the notes to those financial statements that are included elsewhere in this
report. Some of the information contained in this management’s discussion and analysis or set forth elsewhere in this Annual Report,
including information with respect to our plans and strategy for our business and related financing, includes forward looking statements
that involve risks, uncertainties and assumptions. As a result of many factors, including those factors set forth in the “Risk
Factors” section in Form S-1/A registration statement, filed on February 14, 2024, our actual results could differ materially from
the results described in or implied by the forward-looking statements contained in this Annual Report.

9

Overview

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.

Our
cash and cash equivalents are $10,341 as of November 30, 2024. Our cash balance is not sufficient to fund our limited levels of operations
for any period of time. In order to continue our current business plan and increase our current level of operations for the next twelve-month
period, we require further funding.

For
the year ended November 30, 2024, the Company incurred a net loss of $39,224 and used cash in operating activities of $27,461 and borrowed
$13,022