Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 47

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 2
Chunk 47
---
, FINRA believes that
there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The FINRA requirements
make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit the investors’
ability to buy and sell our stock.

Dividends

Any
future determination as to the declaration and payment of dividends on shares of our Common Stock will be made at the discretion of our
board of directors out of funds legally available for such purpose. We are under no contractual obligations or restrictions to declare
or pay dividends on our shares of Common Stock. In addition, we currently have no plans to pay such dividends. Our board of directors
currently intends to retain all earnings for use in the business for the foreseeable future.

8

Recent
Sales of Unregistered Securities

No
securities have been sold by the Company during the period covered by this Form 10-K.

Purchases
of Equity Securities by the Registrant and Affiliated Purchasers

We
have not repurchased any shares of our common stock during the fiscal year ended November 30, 2024.

Other
Stockholder Matters

None.

ITEM
6. SELECTED FINANCIAL DATA

We
are a smaller reporting company as defined by Rule 12b-2 of the Securities 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