Company: HNIT
Filing Date: 2025-07-14
Form Type: 10-Q
Source: 0001641172-25-018889
Chunk: 35

Company: Huineng Technology Corp
Filing Date: 2025-07-14
Form: 10-Q
Item: Item 8
Chunk 35
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, stock storage and registrar fee,
OTC fee, and virtual office rental fee. The rental deposit represents the deposit of the virtual office tenancy agreement.

5.
PLANT AND EQUIPMENT, NET

Plant
and equipment consisted of the following as of May 31, 2025 and November 30, 2024:

SCHEDULE OF PLANT AND EQUIPMENT NET 

    As of May 31, 2025 (Unaudited)  
    As of November
                                                                                                                                                                                                                                                                                                                   30, 2024 (Audited) 

    Office equipment 
    $3,062  
    $3,062 
  
    Less: accumulated depreciation 
     (1,050) 
     (744)
  
    Plant and equipment, net 
    $2,012  
    $2,318 

Depreciation
expense for the period ended May 31, 2025 and November 30, 2024 was $306 and $588 respectively.

6.
AMOUNT DUE FROM/TO A SHAREHOLDER

As
of May 31, 2025, the Company has an outstanding amount due from a shareholder, in aggregate amount of $289,
which is unsecured and non-interest bearing with no fixed terms of repayment.

As
of November 30, 2024, the Company has an outstanding amount due to a shareholder, in aggregate amount of $18,164, which is unsecured
and non-interest bearing with no fixed terms of repayment.

    F-8

7.
ACCRUED LIABILITIES

As
of May 31, 2025 and November 30, 2024, the Company has other accruals of $3,100 and $9,500 respectively which comprise of outstanding
audit fees.

8.
DEFERRED REVENUE

As
of May 31, 2025 and November 30, 2024, the Company has deferred revenue of $6,900 and $3,000 respectively which consist of website development,
design and maintenance fees received in advance from customers but have yet to provide the service.

9.
SHAREHOLDERS’ EQUITY

On
August 15, 2023, upon the incorporation of the Company, Kae Ren Tee, subscribed 4,000,000 shares of common stock at par value of $0.001
per share for a total subscription value of $4,000.

On
July 11, 2024,