Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 211

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 9
Chunk 211
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 repayment.

As
of May 31, 2024, the sole director of the Company advanced $17,553 to the Company, which is unsecured and non-interest bearing with no
fixed terms of repayment.

On
July 11, 2024, we issued 1,545,000 shares of our common stock in consideration of $30,900, or $0.02 per share through initial public
offering.

As
of August 31, 2024, the sole director of the Company advanced $18,585 to the Company, which is unsecured and non-interest bearing with
no fixed terms of repayment.

As
of November 30, 2024, the sole director of the Company advanced $18,164 to the Company, which is unsecured and non-interest bearing with
no fixed terms of repayment.

18

Review,
Approval and Ratification of Related Party Transactions

Given
our small size and limited financial resources, we have not adopted formal policies and procedures for the review, approval or ratification
of transactions, such as those described above, with our executive officers, Directors and significant stockholders. We intend to establish
formal policies and procedures in the future, once we have sufficient resources and have appointed additional Directors, so that such
transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee thereof.
On a moving forward basis, our Director will continue to approve any related party transaction(s).

ITEM
14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Audit
Fees

The
following table sets forth the aggregate fees billed to the Company by its independent registered public accounting firms for the fiscal
years ended November 30, 2024 and 2023. We have engaged JP Centurion & Partners PLT as our independent registered public accounting
firm since November 1, 2023.

    ACCOUNTING FEES AND SERVICES 
    2024  
    2023 

    Audit fees 
    $18,800  
    $7,500 
  
    Audit-related fees 
     -  
     - 
  
    Tax fees 
     -  
     - 
  
    All other fees 
     -  
     - 

    Total 
    $18,800  
    $7,500 

The
category of “Audit fees” includes fees for our annual audit, quarterly reviews and services rendered in connection with