Company: HNIT
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001641172-25-003960
Chunk: 43

Company: Huineng Technology Corp
Filing Date: 2025-04-14
Form: 10-Q
Item: Item 2
Chunk 43
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herein referred as “FINRA”) to request effectiveness of the Name Change and Symbol Change.

On
February 14, 2025, FINRA announced that the Name Change and Symbol Change would be made effective in the marketplace as of market open
on February 18, 2025. Additionally, FINRA approved the Company’s request to change its stock symbol from “ACZT” to
“HNIT”.

On
February 20, 2025, our sole director and officer, Kae Ren Tee resigned his positions as Director, President, Chief Executive Officer,
Secretary and Treasurer of the Company. Upon such resignations, Mr. Guoxiang Ao was appointed as the new President, Chief Executive Officer,
Secretary, Treasurer and Director of the Company.

Huineng
Technology 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.

-3-

Results
of operations

Three
months ended February 28, 2025 and February 29, 2024

Revenues

For
the three months ended February 28, 2025, the Company generated revenue in the amount of $1,200.

For
the three months ended February 29, 2024, the Company generated revenue in the amount of $6,600.

The
revenue generated was from the Company providing website development, design and maintenance services to the customers.

General
and Administrative Expenses

For
the three months ended February 28, 2025, the Company had general and administrative expenses in the amount of $10,591. These were primarily
comprised of audit fees, stock and registrar fees, OTC fee, other professional fees and service tax.

For
the three months ended February 29, 2024, the Company had general and administrative expenses in the amount of $10,302. These were primarily
comprised of legal service fee, audit fees, service tax and bank charges.

Net
Loss

For
the three months ended February 28, 2025, the Company has incurred a net loss of