Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 26

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 1
Chunk 26
---
 within in contractual agreements;

    (b)
    Assessed
    and evaluated the degree of control of the Company has over the goods and services and the point at which control is transferred
    to the customer;

    (c)
    Reviewed
    the application of revenue recognition criteria, including satisfactory of performance obligations and transfer of risk and rewards;

    (d)
    Evaluated
    the completeness and adequacy of disclosures related to revenue recognition;

    (e)
    Inquiry
    management to understand their judgements, assumptions and policies related to revenue recognition.

    /s/
    JP CENTURION & PARTNERS PLT

    JP
    CENTURION & PARTNERS PLT (ID: 6723)

    We
    have served as the Company’s auditor since 2023.

    Kuala
    Lumpur, Malaysia

    January 23, 2025

F-2

Item
1. Financial Statements

ACEZTECH
CORPORATION

CONSOLIDATED
BALANCE SHEETS

AS
OF NOVEMBER 30, 2024 AND 2023

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

(AUDITED)

    As of November 30, 2024  
    As of  November 30, 2023 

    (Audited)  
    (Audited) 
  
    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents 
    $10,341  
    $7,319 
  
    Prepayments and deposit 
     8,454  
     258 
  
    TOTAL CURRENT ASSETS 
     18,795  
     7,577 

    NON-CURRENT ASSET 

    Plant and equipment, net 
     2,318  
     2,177 
  
    TOTAL NON-CURRENT ASSET 
     2,318  
     2,177 

    TOTAL ASSETS 
    $21,113  
    $9,754 

    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    CURRENT LIABILITIES 

    Accrued liabilities 
     9,500  
     3,750 
  
    Amount due to a director 
     18,164  
     5,124 
  
    Deferred revenue 
     3,000  
     2,400