Company: HNIT
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001493152-25-003324
Chunk: 282

Company: Huineng Technology Corp
Filing Date: 2025-01-23
Form: 10-K
Item: Item 12
Chunk 282
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2023 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.

5.
PLANT AND EQUIPMENT, NET

Plant
and equipment consisted of the following as of November 30, 2024 and 2023:

SCHEDULE
OF PLANT AND EQUIPMENT NET 

    As of November 30, 2024 (Audited)  
    As of November 30, 2023 (Audited) 

    Office equipment 
    $3,062  
    $2,333 
  
    Less: accumulated depreciation 
     (744) 
     (156)
  
    Plant and equipment, net 
    $2,318  
    $2,177 

Depreciation
expense for the year ended November 30, 2024 and from August 15, 2023 (Date of Inception) to November 30, 2023 was $588 and $156 respectively.

6.
AMOUNT DUE TO A DIRECTOR

As
of November 30, 2024 and 2023, the sole director of the Company advanced $18,164
and $5,124 respectively to the Company, which is unsecured and non-interest bearing with no fixed terms of repayment.

Our
director, Mr. Tee, has not been compensated for the services.

    F-10

7.
ACCRUED LIABILITIES

As
of November 30, 2024 and 2023, the Company has other accruals of $9,500
and $3,750 respectively which comprise of outstanding audit fees.

8. DEFERRED REVENUE

As of November 30, 2024 and 2023, the Company has
deferred revenue of $3,000 and $2,400 respectively which consist of website maintenance fees received in advance from customers but have
yet to provide the service.

9.
SHAREHOLDERS’ EQUITY

On
August 15, 2023, upon the incorporation of the Company, Kae Ren Tee, subscribed 4,000,000 shares of common stock at par value of $0.001
per share for a total subscription value of $4,000.

On
July 11, 2024, the Company issued 1,545,000 shares of common stock being sold at $0.02