Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 3

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 1
Chunk 3
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 competitors possess significantly
greater resources than we do. Furthermore, this industry faces global competition, as website development services can be provided remotely.
This allows clients to hire talent from around the world, enabling developers and agencies from different countries to compete for the
same projects.

Price
competition is common in this industry, with some providers offering low-cost solutions to attract clients. This adds to the challenge
of maintaining profitability while delivering high-quality work. In periods of reduced demand for our services, we must decide between
either reducing our prices to remain competitive and retain market share or maintaining our prices, potentially sacrificing market share.
In either case, sales and overall profitability could be impacted.

Employees

As
of November 30, 2024, Aceztech Corporation has one employee, our President and sole director, Mr. Kae Ren Tee. Currently, Mr. Tee is
dedicating up to 30 hours per week to our business, but he is prepared to commit more time if necessary. Our company plans to expand,
and we aim to employ six individuals by the end of 2024. These new hires will be distributed across various roles, with one employee
focusing on management and administration, another on marketing, and four professionals specializing in website development, design,
and maintenance services. It is our priority to hire individuals with industry-recognized qualifications, primarily recruited from reputable
institutions in the information technology sector, and possessing an average of approximately 5 years of industry experience. It should
be noted that the aforementioned plans are in development, and the Company may explore the feasibility of outsourcing certain operations
to third parties, rather than to future employees, depending upon the Company’s circumstances at such time.

At
this point, we do not offer pension, health, annuity, insurance, stock options, profit-sharing, or similar benefit plans. However, we
may consider adopting such plans in the future. Presently, there are no personal benefits available to our employee, Officer, and/or
Director. We are committed to building a strong team and developing our business as we move forward.

Government
Regulations

Aceztech
Corporation primarily offers website development, website design and website maintenance services. We operate under the jurisdiction
of Malaysian laws and regulations, which govern and regulate our business activities with certain countries and individuals. To the best
of our knowledge, we are not required to obtain any licenses, except for potential business registration licenses in jurisdictions where
we plan to operate. The legal landscape for internet-based businesses