Company: HNIT
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001493152-25-018080
Chunk: 22

Company: Huineng Technology Corp
Filing Date: 2025-10-15
Form: 10-Q
Item: Item 1
Chunk 22
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,856) 
    $(18,770)

    CASH FLOWS FROM INVESTING ACTIVITY: 

    Purchase of plant and equipment 
    $-  
    $(729)
  
    Net cash used in investing activity 
    $-  
    $(729)

    CASH FLOWS FROM FINANCING ACTIVITY: 

    Share application money pending allotment 
     -  
     30,900 

    Net cash provided by financing activity 
    $-  
    $30,900 

    Effect of exchange rate changes on cash and cash equivalents 
    $(314) 
    $(550)

    Net (decrease)/increase in cash and cash equivalents 
    $(8,170) 
    $10,851 
  
    Cash and cash equivalents, beginning of period 
     10,341  
     7,319 

    CASH AND CASH EQUIVALENTS, END OF PERIOD 
    $2,171  
    $18,170 

    SUPPLEMENTAL CASH FLOWS INFORMATION 

    Income taxes paid 
    $-  
    $- 
  
    Interest paid 
    $-  
    $- 

The
accompanying notes are an integral part of these financial statements.

F-4

HUINENG
TECHNOLOGY CORPORATION

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE NINE MONTHS ENDED AUGUST 31, 2025 (UNAUDITED)

(CURRENCY
EXPRESSED IN UNITED STATES DOLLARS (“US$”), EXCEPT FOR NUMBER OF SHARES)

1.
ORGANIZATION AND BUSINESS BACKGROUND

Aceztech
Corporation, a Nevada corporation, (herein referred as “the Company”) was incorporated under the laws of the State of Nevada
on August 15, 2023.

On
June 4, 2024, the Company acquired 100% of the equity interest of Aceztech Sdn. Bhd., a limited liability company incorporated in Malaysia.

On
January 21, 2025, the Company’s Board of Directors approved changing the corporate name from Aceztech Corporation to Huineng Technology
Corporation (herein referred as the “Name Change”) and approved the application for a new stock symbol (herein referred as
the “Symbol Change”). On the same day, the Company filed an Issuer