Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 214

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 9
Chunk 214
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holders of 

Aceztech
Corporation

33-01,
33rd Floor, Menara Keck Seng,

203
Jalan Bukit Bintang,

55100
Kuala Lumpur,

Malaysia.

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Aceztech Corporation and subsidiary (the ‘Company’) as of November
30, 2024 and 2023, and the related consolidated statements of operations and comprehensive loss, consolidated statements of stockholders’
equity, and consolidated statements of cash flows for the year ended of November 30, 2024 and 2023, and the related notes (collectively
referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects,
the financial position of the Company as of November 30, 2024 and 2023, and the results of its operations and its cash flows for the
year ended November 30, 2024 and 2023, in conformity with accounting principles generally accepted in the United States of America.

Going
Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
3 to the financial statements, 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. As of November 30,2024, the Company had an accumulated deficit of $44,744 and a working capital deficit of $11,869.
These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in
regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from
the outcome of this uncertainty.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit