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

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 1
Chunk 10
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000 shares of restricted common stock at a purchase
price of $0.001 (par value) per share. The $4,000 in proceeds went directly to the Company to be used for working capital.

For
the year ended November 30, 2024, the Company received $30,900 from financing activities primarily from issuance of shares of common
stock pursuant to our initial public offering closing at July 11, 2024.

From
August 15, 2023 (Date of Inception) to November 30, 2023, the Company received $4,000 from financing activities primarily from issuance
of shares of common stock to our director, Kae Ren Tee.

11

Off-Balance
Sheet Arrangement

We
have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital
resources that are material to our stockholders as of November 30, 2024.

Contractual
Obligation

As
a smaller reporting company, we are not required to provide the aforementioned information.

ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The
financial statements required by this item are located following the signature page of this Annual Report.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Not
Applicable

ITEM
9A. CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures

We
conducted an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer, of
the effectiveness of the design and operation of our disclosure controls and procedures. The term “disclosure controls and procedures”,
as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as amended (“Exchange Act”), means
controls and other procedures of a company that are designed to ensure that information required to be disclosed by the company in the
reports it files or submits under the Exchange Act