Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 50

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 2
Chunk 50
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, increase in the amount due to our sole director and an increase
in deferred revenue contra by net loss and increase in prepayment and deposit.

Cash
Used in Investing Activity

For
the year ended November 30, 2024, the Company used $729 in investing activity, which was primarily attributable to the purchase of plant
and equipment. Specifically, the equipment purchased was office equipment.

From
August 15, 2023 (Date of Inception) to November 30, 2023, the Company used $2,333 in investing activity, which was primarily attributable
to the purchase of plant and equipment. Specifically, the equipment purchased was office equipment.

Cash
Provided by Financing Activities

On
August 15, 2023, our sole officer and director, Mr. Kae Ren Tee, purchased 4,000,000 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