Company: HNIT
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001493152-25-018080
Chunk: 50

Company: Huineng Technology Corp
Filing Date: 2025-10-15
Form: 10-Q
Item: Item 8
Chunk 50
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 consider subsequent cash
collections. The amendments are effective for annual and interim periods beginning after December 15, 2025, with early adoption permitted.
We are currently evaluating the impact of this guidance on our consolidated financial statements.

The
Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have
a significant impact on the Company’s financial statements.

    F-8

4.
AMOUNT DUE FROM RELATED PARTY

As
of August 31, 2025 and November 30, 2024, the Company has an outstanding amount due from a related party, in aggregate amount of $124
and $0 respectively, which is unsecured and non-interest bearing with no fixed terms of repayment.

5.
PREPAYMENTS AND DEPOSIT

SCHEDULE OF PREPAYMENTS AND DEPOSIT 

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

    Prepaid expenses 
     4,237  
     8,391 
  
    Rental deposit 
     63  
     63 
  
    Total 
    $4,300  
    $8,454 

Prepaid
expenses as of August 31, 2025 and November 30, 2024 represent the payments made for Edgar filing fee, stock storage and registrar fee,
OTC fee, and virtual office rental fee. The rental deposit represents the deposit of the virtual office tenancy agreement.

6.
PLANT AND EQUIPMENT, NET

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

SCHEDULE OF PLANT AND EQUIPMENT NET 

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

    Office equipment 
    $3,062  
    $3,062 
  
    Less: accumulated depreciation 
     (1,203) 
     (744)
  
    Plant and equipment, net 
    $1,859  
    $2,318 

Depreciation
expense for the period ended August 31, 2025 and November 30, 2024 was $459 and $588 respectively.

7.
AMOUNT DUE TO A SHAREHOLDER

As
of August 31, 2025 and November 30,