10-Q - HNIT - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

10-Q

☒

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Forthe Quarterly Period Ended ### February 28, 2026

☐

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For

the transition period from ______ to ______

Commission

File Number 333-276237

HUINENG

TECHNOLOGY CORPORATION

(Exact name of registrant issuer as specified in its charter)

Nevada	7379	37-2108225
(State<br> or other jurisdiction<br><br> <br>of<br> incorporation or organization)	(Primary<br> Standard Industrial<br><br> <br>Classification<br> Number)	(IRS<br> Employer<br><br> <br>Identification<br> Number)

0000

Flat6, 15/F, Bell House 525-543 NathanRoad, Yau Ma Tei, Kowloon, HongKong

(Address of principal executive offices, including zip code)

Issuer’s telephone number: (+852)6263 3859

Company

email: huinengtech@gmail.com

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large<br> Accelerated Filer ☐	Accelerated<br> Filer ☐	Non-accelerated<br> Filer ☒	Smaller<br> reporting company ☒
			Emerging<br> growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

APPLICABLE

ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE

PRECEDING

FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

N/A

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name on each exchange on which registered
N/A	N/A	N/A

APPLICABLE

ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding on April 14, 2026
Common<br> Stock, $0.001 par value	44,545,000

TABLE

OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION
ITEM<br> 1.	CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:	F-1
	CONDENSED CONSOLIDATED BALANCE SHEETS AS OF FEBRUARY 28, 2026 (UNAUDITED) AND NOVEMBER 30, 2025 (AUDITED)	F-1
	CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED) AND FEBRUARY 28, 2025 (UNAUDITED)	F-2
	CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED) AND FEBRUARY 28, 2025 (UNAUDITED)	F-3
	CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED) AND FEBRUARY 28, 2025 (UNAUDITED)	F-4
	NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	F-5<br> – F-15
ITEM<br> 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3-5
ITEM<br> 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	5
ITEM<br> 4.	CONTROLS AND PROCEDURES	5
PART II	OTHER INFORMATION
ITEM<br> 1	LEGAL PROCEEDINGS	7
ITEM<br> 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	7
ITEM<br> 3	DEFAULTS UPON SENIOR SECURITIES	7
ITEM<br> 4	MINE SAFETY DISCLOSURES	7
ITEM<br> 5	OTHER INFORMATION	7
ITEM<br> 6	EXHIBITS	7
SIGNATURES		8

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PART

I — FINANCIAL INFORMATION

ITEM

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

HUINENG

TECHNOLOGY CORPORATION

CONDENSED

CONSOLIDATED BALANCE SHEETS

AS

OF FEBRUARY 28, 2026 (UNAUDITED) AND NOVEMBER 30, 2025 (AUDITED)

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

	As of<br> February 28, 2026			As of<br> November 30, 2025
	(Unaudited)			(Audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	5,878		$	758
Prepayments and deposit		5,518			10,153
TOTAL CURRENT ASSETS		11,396			10,911
NON-CURRENT ASSET
Plant and equipment, net		1,553			1,706
TOTAL NON-CURRENT ASSET		1,553			1,706
TOTAL ASSETS	$	12,949		$	12,617
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accrued liabilities		3,250			9,835
Amount due to a shareholder		7,461			7,524
Contract liabilities		12,500			1,100
TOTAL CURRENT LIABILITIES		23,211			18,459
TOTAL LIABILITIES	$	23,211		$	18,459
SHAREHOLDERS’ EQUITY
Common stock – Par value $ 0.001; Authorized: 75,000,000 shares; Issued and outstanding: 44,545,000 as of February 28, 2026 and November 30, 2025, respectively	$	44,545		$	44,545
Additional paid-in capital		29,355			29,355
Accumulated deficit		(84,132	)		(79,712	)
Other comprehensive income		(30	)		(30	)
TOTAL SHAREHOLDERS’ DEFICIT	$	(10,262	)	$	(5,842	)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	12,949		$	12,617

The

accompanying notes are an integral part of these financial statements.

| F-1 |

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HUINENG

TECHNOLOGY CORPORATION

CONDENSED

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS

FOR

THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED) AND FEBRUARY 28, 2025 (UNAUDITED)

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

	Three months <br> ended<br> February 28, 2026			Three months <br> ended<br> February 28, 2025
REVENUE	$	5,600		$	1,200
COST OF REVENUE		-			-
GROSS PROFIT	$	5,600		$	1,200
GENERAL AND ADMINISTRATIVE EXPENSES		(10,020	)		(10,591	)
LOSS FROM OPERATION BEFORE INCOME TAX	$	(4,420	)	$	(9,391	)
INCOME TAX EXPENSES		-			-
NET LOSS	$	(4,420	)	$	(9,391	)
OTHER COMPREHENSIVE LOSS		-			(418	)
TOTAL COMPREHENSIVE LOSS	$	(4,420	)	$	(9,809	)
NET LOSS PER SHARE- BASIC AND DILUTED		(0.0001	)		(0.0010	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – BASIC AND DILUTED		44,545,000			9,011,667

The

accompanying notes are an integral part of these financial statements.

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HUINENG

TECHNOLOGY CORPORATION

CONDENSED

CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY

FOR

THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED) AND FEBRUARY 28, 2025 (UNAUDITED)

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

	Number of shares		Amount		PAID-IN<br> <br>CAPITAL		ACCUMULATED<br> <br>DEFICIT			COMPREHENSIVE<br> <br>LOSS			TOTAL<br> <br>EQUITY
	COMMON STOCK				ADDITIONAL					ACCUMULATED
	Number of shares		Amount		PAID-IN<br> <br>CAPITAL		ACCUMULATED<br> <br>DEFICIT			COMPREHENSIVE<br> <br>LOSS			TOTAL<br> <br>EQUITY
Balance as of November 30, 2025		44,545,000	$	44,545	$	29,355	$	(79,712	)	$	(30	)	$	(5,842	)
Net loss		-		-		-		(4,420	)		-			(4,420	)
Foreign currency translation		-		-		-		-			-			-
Balance as of February 28, 2026		44,545,000	$	44,545	$	29,355	$	(84,132	)	$	(30	)	$	(10,262	)
	COMMON STOCK				ADDITIONAL					ACCUMULATED
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Number of shares		Amount		PAID-IN<br> <br>CAPITAL		ACCUMULATED<br> <br>DEFICIT			COMPREHENSIVE<br> <br>LOSS			TOTAL<br> <br>EQUITY
Balance as of November 30, 2024		5,545,000	$	5,545	$	29,355	$	(44,744	)	$	293		$	(9,551	)
Balance		5,545,000	$	5,545	$	29,355	$	(44,744	)	$	293		$	(9,551	)
Issuance of share		39,000,000		39,000		-		-			-			39,000
Net loss		-		-		-		(9,391	)		-			(9,391	)
Foreign currency translation		-		-		-		-			(418	)		(418	)
Balance as of February 28, 2025		44,545,000		44,545		29,355		(54,135	)		(125	)		19,640
Balance		44,545,000		44,545		29,355		(54,135	)		(125	)		19,640

The

accompanying notes are an integral part of these financial statements.

| F-3 |

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HUINENG

TECHNOLOGY CORPORATION

CONDENSED

CONSOLIDATED STATEMENT OF CASH FLOWS

FORTHE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED)AND FEBRUARY 28, 2025 (UNAUDITED)

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

	Three months ended<br> <br>February 28, 2026			Three months ended<br> <br>February 28, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(4,420	)	$	(9,391	)
Adjustment to reconcile net loss to net cash provided by operating activities:
Depreciation expenses		153			153
Changes in operating assets and liabilities:
Prepayments and deposit		4,635			3,277
Accounts receivable		-			(3,500	)
Accrued liabilities		(6,585	)		(6,400	)
Amount due to a shareholder		(63	)		3,864
Contract liabilities		11,400			2,300
Net cash provided by/(used in) operating activities	$	5,120		$	(9,697	)
Effect of exchange rate changes on cash and cash equivalents	$	-		$	(418	)
Net increase/(decrease) in cash and cash equivalents	$	5,120		$	(10,115	)
Cash and cash equivalents, beginning of period		758			10,341
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	5,878		$	226
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid	$	-		$	-
Interest paid	$	-		$	-

The

accompanying notes are an integral part of these financial statements.

| F-4 |

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HUINENG

TECHNOLOGY CORPORATION

NOTES

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR

THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED)

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

1.

ORGANIZATION AND BUSINESS BACKGROUND

Aceztech Corporation, a Nevada corporation, (herein referred as “the Company”) was incorporated under the laws of the State of Nevada on August 15, 2023.

On

June 4, 2024, the Company acquired 100% of the equity interest of Aceztech Sdn. Bhd., a limited liability company incorporated in Malaysia.

On January 21, 2025, the Company’s Board of Directors approved changing the corporate name from Aceztech Corporation to Huineng Technology Corporation (herein referred as the “Name Change”) and approved the application for a new stock symbol (herein referred as the “Symbol Change”). On the same day, the Company filed an Issuer Company-Related Action Notification Form with Financial Industry Regulatory Authority (herein referred as “FINRA”) to request effectiveness of the Name Change and Symbol Change.

On February 14, 2025, FINRA announced that the Name Change and Symbol Change would be made effective in the marketplace as of market open on February 18, 2025. Additionally, FINRA approved the Company’s request to change its stock symbol from “ACZT” to “HNIT”.

On February 20, 2025, our sole director and officer, Kae Ren Tee resigned his positions as Director, President, Chief Executive Officer, Secretary and Treasurer of the Company. Upon such resignations, Mr. Guoxiang Ao was appointed as the new President, Chief Executive Officer, Secretary, Treasurer and Director of the Company.

On April 9, 2025, the Company has decided to dissolve its wholly owned subsidiary, Aceztech Sdn. Bhd. As a result, Aceztech Sdn. Bhd. is being deconsolidated in the Company’s financial statements.

Huineng Technology Corporation is currently headquartered in Kowloon, Hong Kong (herein referred as “Hong Kong”). We primarily provide application and website related services including application and website development, website design and website maintenance to companies and individual customers in Malaysia and Hong Kong. Our mission is to serve as a trusted partner on our customers’ digital journeys.

The Company’s executive office is located at Flat 6, 15/F, Bell House 525-543 Nathan Road, Yau Ma Tei, Kowloon, Hong Kong.

2.

GOING CONCERN UNCERTAINTIES

The

accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the three months ended February 28, 2026, the Company incurred a net loss of $4,420 and a working capital deficit of $11,815. As of February 28, 2026, the Company had an accumulated deficit of $84,132.

The Company’s cash position may not be significant enough to support the Company’s daily operations. While the Company believes in the viability of its strategy and in its ability to raise additional funds, there can be no assurances to that effect. The Company’s ability to continue as a going concern is dependent upon its ability to improve profitability and the ability to acquire funding through public offering. If funding from public offering is insufficient, then the Company shall rely on the financial support from its controlling shareholder.

These and other factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that financial statements are issued. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

3.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements for Huineng Technology Corporation for the period ended February 28, 2026 are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). The Company has adopted November 30 as its fiscal year end.

The reporting currency of the Company is United States Dollars (“US$”), which is also the functional currency of the Company.

Use of Estimates

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Cash and Cash Equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Plant and Equipment

Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:

SCHEDULE OF ESTIMATED USEFUL LIVES

Classification	Useful<br> Life
Office<br> Equipment	5<br> years

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Revenue Recognition

Revenue is generated through provision of digital services including website and application development, design and maintenance services to customers. Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount:

(i) identification of the promised goods and services in the contract;

(ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract;

(iii) measurement of the transaction price, including the constraint on variable consideration;

(iv) allocation of the transaction price to the performance obligations; and

(v) recognition of revenue when (or as) the Company satisfies each performance obligation.

The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Company records revenue when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is probable. The Company records revenue upon the delivery of the finalized website or application service to the customer.

Earnings Per Share

The Company reports earnings per share in accordance with ASC 260 “Earnings Per Share”, which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retroactively for all periods presented to reflect that change in capital structure.

The Company’s basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company’s ordinary shares outstanding. Diluted earnings per share reflects the amount of net income available to each ordinary share outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued.

Income Taxes

The Company accounts for income taxes using the asset and liability method prescribed by ASC Topic 740 “Income Taxes”. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date. The Company also currently evaluating ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, which requires disaggregated information about the reporting entity’s effective tax rate reconciliation as well as information on income taxes paid and assessing the potential impact on the Company’s financial statement disclosures.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclosed in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

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Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations and comprehensive income (loss).

The functional currency of the Company is the United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the Company’s subsidiary maintains its books and record in Malaysia Ringgits (“MYR”) and United States Dollars (“US$”), which is the respective functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income.

Translation of amounts from the local currency of the Company into US$1 has been made at the following exchange rates for the respective periods:

SCHEDULE OF EXCHANGE RATES


Period-end MYR : US1 exchange rate	3.89	4.46
Period-average MYR : US1 exchange rate	3.96	4.46
Exchange rate	3.96	4.46

All values are in US Dollars.

Related Parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Fair Value Measurement

Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures”, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The statement clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability, that is, the principal or most advantageous market for the asset or liability. It also emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and that market participant assumptions include assumptions about risk and effect of a restriction on the sale or use of an asset.

This ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

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Measurement of Credit Losses on Financial Instruments

The Company adopted ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326), which replaces the incurred loss methodology with an expected credit loss methodology known as the Current Expected Credit Loss (CECL) model. This new standard requires entities to estimate credit losses over the life of a financial asset based on historical experience, current conditions, and reasonable forecasts.

The adoption of the CECL model applies to the Company’s portfolio of trade receivables and other financial assets, and resulted in changes to the methodology for determining the allowance for credit losses. Under the CECL model, the Company recognizes an allowance for credit losses at the inception of a financial asset and adjusts it over the life of the asset based on updated expectations of credit losses.

Segment Reporting

The Company follows the guidance of ASC 280, “Segment Reporting”, which establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. For the three months ended February 28, 2026, the Company has three reportable segments based on business unit, website and application development, design and maintenance services business and one reportable segment based on country, Hong Kong. The Company also adopted ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses.

Recently issued accounting pronouncements

In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) Disaggregation of Income Statement Expenses. The guidance in ASU 2024-03 requires public business entities to disclose in the notes to the financial statements, among other things, specific information about certain costs and expenses including purchases of inventory; employee compensation; and depreciation, amortization and depletion expenses for each caption on the income statement where such expenses are included. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted, and the amendments may be applied prospectively to reporting periods after the effective date or retrospectively to all periods presented in the financial statements. The Company is currently evaluating the provisions of this guidance and assessing the potential impact on the Company’s financial statement disclosures.

In March 2025, the FASB issued ASU 2025-02, Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122, which removes certain SEC guidance related to obligations to safeguard crypto-assets. The Company does not engage in activities involving crypto-assets; therefore, the adoption of this ASU is not expected to have a material impact on its financial statements.

In July 2025, the FASB issued ASU 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient for measuring expected credit losses on current trade receivables and contract assets by assuming that current conditions remain unchanged over the life of the asset, and for non-public business entities, an accounting policy election to 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.

In September 2025, the FASB issued ASU 2025-07, Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract, which expands an existing scope exception under Topic 815 to exclude non-exchange-traded contracts where the underlying is based on the operations or activities specific to one of the contract parties. Adoption of the amendment allows for either the prospective or modified retrospective application and is effective for annual periods beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the provisions of this guidance and assessing the potential impact on the Company’s financial statement disclosures.

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.

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4.

PREPAYMENTS AND DEPOSIT

SCHEDULE OF PREPAYMENTS AND DEPOSIT

	As of<br> <br>February 28, 2026<br> <br>(Unaudited)		As of<br> <br>November 30, 2025<br> <br>(Audited)
Prepaid expenses	$	5,518	$	10,090
Rental deposit		-		63
Total	$	5,518	$	10,153

Prepaid expenses as of February 28, 2026 and November 30, 2025 represent the payments made for Edgar filing fee and OTC 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 February 28, 2026 and November 30, 2025:

SCHEDULE OF PLANT AND EQUIPMENT NET

	As of<br> <br>February 28, 2026<br> <br>(Unaudited)			As of<br> <br>November 30, 2025<br> <br>(Audited)
Office equipment	$	3,062		$	3,062
Less: accumulated depreciation		(1,509	)		(1,356	)
Plant and equipment, net	$	1,553		$	1,706

Depreciation

expense for the period ended February 28, 2026 and November 30, 2025 was $153 and $612 respectively.

6.

ACCRUED LIABILITIES

As

of February 28, 2026 and November 30, 2025, the Company has other accruals of $3,250 and $9,835 respectively which comprise of outstanding audit fees, and transfer agent fees.

| F-9 |

| --- |

7.

AMOUNT DUE TO A SHAREHOLDER

As

of February 28, 2026 and November 30, 2025, the Company has an outstanding amount due to a shareholder, in aggregate amount of $7,461 and $7,524 respectively, which is unsecured and non-interest bearing with no fixed terms of repayment.

8.

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 per share for a total of $30,900 through initial public offering.

On

February 21, 2025, the Company issued 39,000,000 shares of common stock being subscribed by Kae Ren Tee at par value of $0.001 per share for a total subscription value of $39,000.

On August 1, 2025, a Stock Purchase Agreement was entered into between Kae Ren Tee and Ping Li, wherein Ping Li purchased 32,140,000 shares of Common Shares at a price of $0.001 per shares, of Huineng Technology Corporation. As a result, Ping Li became an approximately 72.2% holder of the voting rights of the issued and outstanding shares of the Company, on a fully-diluted basis, and became the controlling shareholder.

As

of February 28, 2026, the Company has 44,545,000 shares of common stock issued and outstanding.

The

Company has 75,000,000 shares of commons stock authorized.

9.

REVENUE FROM CONTRACTS WITH CUSTOMERS

The Company recognizes revenue in accordance with ASC 606, “Revenue from Contracts with Customers”, by applying the five-step model to all contracts with customers: (i) identification of the contract, (ii) determination of performance obligations, (iii) measurement of the transaction price, (iv) allocation of the transaction price to the performance obligations, and (v) recognition of revenue when, or as, the Company satisfies a performance obligation.

The Company’s revenue is derived from the provision of digital services including website and application development, design and maintenance services for its customers. Each contract specifies the services to be delivered, the total consideration, and the applicable payment terms.

Performance obligations generally consist of the delivery of website and application development, design and maintenance services to customers. The Company evaluates whether such services are distinct and accounts for them as separate performance obligations if appropriate.

The transaction price is determined based on the consideration specified in the contract, which may include fixed and variable amounts. Variable consideration, if any, is estimated using either the expected value or the most likely amount method, depending on which better predicts the amount of consideration to which the Company will be entitled. The Company includes variable consideration in the transaction price only to the extent that it is probable that a significant reversal of revenue will not occur.

Revenue is recognized when control of the promised goods or services is transferred to the customer. For website and application development and design, revenue is recognized at a point in time, depending on the nature of the arrangement and the transfer of control. For maintenance services, revenue is generally recognized over time as the services are performed, as the customer simultaneously receives and consumes the benefits. Revenue from maintenance services is typically recognized over time on a straight-line basis over the service period.

The Company’s payment terms vary by contract but generally require payment within a specified period following invoicing. In certain arrangements, the Company may receive advance payments, which are recorded as contract liabilities and recognized as revenue when the related performance obligations are satisfied.

Disaggregationof revenue

The table below shows the revenue disaggregation by type of services for the three months ended February 28, 2026 and 2025:

SCHEDULE

OF REVENUE DISAGGREGATION BY TYPE OF SERVICES

Revenue disaggregation by type of services	For the three months ended<br> <br>February 28,<br> <br>2026		For the three months ended February 28, 2025
Development service	$	-	$	-
Design service		5,000		-
Maintenance service		600		1,200
Total revenue	$	5,600	$	1,200

| F-10 |

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Contractliabilities

For a service contract where the performance obligation has not been completed, the contract liabilities are recorded for any payments received in advance from the customer before completion of the performance obligation.

As of February 28, 2026 and November 30, 2025, the Company’s contract liabilities are classified as current liabilities, as presented below:

SCHEDULE

OF CONTRACT LIABILITIES

	As of<br> <br>February 28,<br> <br>2026		As of<br> <br>November 30, 2025
Current liabilities
Current liabilities	$	12,500	$	1,100

Changes in contract liabilities during the quarter ended February 28, 2026 are as follows:

SCHEDULE

OF CHANGES IN CONTRACT LIABILITIES

	For the three months ended<br> <br>February 28, 2026
Contract liabilities, December 1, 2025	$	1,100
New contract liabilities		12,000
Performance obligations satisfied		(600	)
Exchange difference		-
Contract liabilities, February 28, 2026	$	12,500

Remainingperformance obligations

Remaining

performance obligations represent the transaction price of firm orders for which a good or service has not been delivered to our customer. As of February 28, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was $12,500. The Company expects to recognize revenue on $12,500 of its remaining performance obligations within the next 12 months .

10.

INCOME TAXES

The loss before income taxes of the Company for the three months ended February 28, 2026 and 2025 were comprised of the following:

SCHEDULE

OF LOSS BEFORE INCOME TAXES

	2026			2025
	For the three months ended February 28,
	2026			2025
Tax jurisdictions from:
- Local	$	(4,420	)	$	(9,391	)
- Foreign, representing:
Malaysia		-			-
Loss before income taxes	$	(4,420	)	$	(9,391	)

| F-11 |

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Provision for income taxes consisted of the following:

SCHEDULE

OF PROVISION FOR INCOME TAXES

	2026		2025
	For the three months ended February 28,
	2026		2025
Current:
- Local	$	-	$	-
- Foreign	$	-	$	-
Deferred tax assets:
- Local	$	-	$	-
- Foreign	$	-	$	-
Deferred tax assets	$	-	$	-
Deferred tax liabilities:
- Local	$	-	$	-
- Foreign	$	-	$	-
Deferred tax liabilities	$	-	$	-
Income tax payable:
- Local	$	-	$	-
- Foreign	$	-	$	-
Income tax payable	$	-	$	-
Income tax assets:
- Local	$	-	$	-
- Foreign	$	-	$	-
Income tax assets	$	-	$	-

Effective and Statutory Rate Reconciliation

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates.

The following table summarizes a reconciliation of the Company’s income taxes expenses:

SCHEDULE

OF RECONCILIATION OF INCOME TAXES EXPENSES

	2026			2025
	For the three months ended February 28,
	2026			2025
Computed expected expenses		21	%		21	%
Effect of foreign tax rate difference		-	%		-	%
Valuation allowances		(21	)%		(21	)%
Others		-	%		-	%
Effective tax rate		0	%		0	%
	For the three months ended February 28,
---	---	---	---	---	---	---
	2026			2025
Statutory federal income tax rate		21	%		21	%
Computed expected expenses	$	928		$	1,972
Effect of foreign tax rate difference		-			-
Valuation allowances		(928	)		(1,972	)
Others		-			-
Total income tax expense	$	-		$	-

| F-12 |

| --- |

The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of February 28, 2026 and November 30, 2025:

SCHEDULE

OF SIGNIFICANT COMPONENTS OF DEFERRED TAX ASSETS

	As of <br> February 28, 2026			As of <br> November 30, 2025
Deferred tax assets:
Net operating loss carryforwards
– United States of America	$	17,668		$	16,740
Less: valuation allowance		(17,668	)		(16,740	)
Deferred tax assets	$	-		$	-

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. During the periods presented, the Company only operates in the United States of America, that are subject to taxes in the jurisdiction in which it operates, as follow:

UnitedStates of America

The

Company is registered in the State of Nevada and is subject to United States of America tax law with a tax rate of 21%. The Tax Cuts and Jobs Act enacted in 2017 has changed the treatment of net operating losses (NOL’s). Prior to the change, NOL could be carried back up to two years and carried forward up to 20 years to offset taxable income. In the new tax law, the NOL created between December 31, 2017 and December 31, 2020 could be carried back up to five years and carried forward indefinitely until used. The NOL created after December 31, 2020 could be carried forward is limited to 80% of the taxable income, can no longer be carried back, but are allowed to be carried forward indefinitely. The new law will apply to NOL arising in tax years beginning December 31, 2017. As of February 28, 2026, the operations in the United States of America incurred $84,132 of cumulative net operating losses (NOL’s) which can be carried forward to offset future taxable income. The NOL would be carried forward indefinitely, if unutilized. The Company has provided for a full valuation allowance of approximately $17,668 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future. There is no tax charge due to the losses incurred for the periods. For the three months ended February 28, 2026, there was no operating income under the applicable U.S. tax regime.

As

of February 28, 2026, the Company’s management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $17,668 as of February 28, 2026.

| F-13 |

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11.

CONCENTRATIONS OF RISK

Customer Concentration

For the three months ended February 28, 2026, there was one customer who accounted for more than 10% of the Company’s revenues. The customers who accounted for more than 10% of the Company’s revenues and its outstanding receivable balance at period-end is presented below:

SCHEDULE OF REVENUES AND OUTSTANDING RECEIVABLES BALANCE

	For the three months ended February 28, 2026
	Revenue		Percentage of Revenue			Accounts receivable
Customer E	$	5,300		95	%	$	-
Other		300		5	%		-
Total	$	5,600		100	%	$	-

For the three months ended February 28, 2025, there was four customers who accounted for more than 10% of the Company’s revenues. The customers who accounted for more than 10% of the Company’s revenues and its outstanding receivable balance at period-end is presented below:

	For the three months ended February 28, 2025
	Revenue		Percentage of Revenue			Accounts receivable
Customer A	$	300		25	%	$	-
Customer B		300		25	%		-
Customer C		300		25	%		-
Customer D		300		25	%		-
Total	$	1,200		100	%	$	-

12.

SEGMENT REPORTING

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has three reportable segments based on business unit, website and application development, design and maintenance services business and one reportable segment based on country, Hong Kong.

In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

| F-14 |

| --- |

SCHEDULE

OF SEGMENT REPORTING BY BUSINESS UNIT

	For the Three Months Ended and As of February 28, 2026
By Business Unit	Design Service			Maintenance Service			Total
Revenue	$	5,000			600			5,600
Cost of revenue		-			-			-
General and administrative expenses		(8,946	)		(1,074	)		(10,020	)
Loss from operations		(3,946	)		(474	)		(4,420	)
Total assets	$	11,562			1,387			12,949
Capital expenditure	$	-			-			-

SCHEDULE

OF SEGMENT REPORTING BY GEOGRAPHICAL AREAS

	For the Three Months Ended and<br> <br>As of February 28, 2026
By Country	Hong Kong			Total
Revenue	$	5,600		$	5,600
Cost of revenue		-			-
General and administrative expenses		(10,020	)		(10,020	)
Loss from operations		(4,420	)		(4,420	)
Total assets	$	12,949		$	12,949
Capital expenditure	$	-		$	-
	For the Three Months Ended and<br> <br>As of February 28, 2025
---	---	---	---	---	---	---
By Business Unit	Maintenance Service			Total
Revenue	$	1,200		$	1,200
Cost of revenue		-			-
General and administrative expenses		(10,591	)		(10,591	)
Loss from operations		(9,391	)		(9,391	)
Total assets	$	28,040		$	28,040
Capital expenditure	$	-		$	-
	For the Three Months Ended and<br> <br>As of February 28, 2025
---	---	---	---	---	---	---	---	---
By Country	Hong Kong		Malaysia			Total
Revenue	$	900	$	300		$	1,200
Cost of revenue		-		-			-
General and administrative expenses		-		(10,591	)		(10,591	)
Loss from operations		900		(10,291	)		(9,391	)
Total assets	$	-	$	28,040		$	28,040
Capital expenditure	$	-	$	-		$	-

13.

SUBSEQUENT EVENTS

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after February 28, 2026 up through the date the Company issued the financial statements.

| F-15 |

| --- |

ITEM

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Theinformation contained in this quarter report on Form 10-Q is intended to update the information contained in our Form 10-K dated February27, 2026, for the year ended November 30, 2025 and presumes that readers have access to, and will have read, the “Management’sDiscussion and Analysis” and other information contained in such Form 10-K. The following discussion and analysis also should beread together with our financial statements and the notes to the financial statements included elsewhere in this Form 10-Q.

Thefollowing discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of thePrivate Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation,“Management’s Discussion and Analysis” These statements are not guarantees of future performance and involve risks,uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of thedate of this quarter report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors tocarefully read the factors described in our Form S-1/A registration statement, filed on February 14, 2024, in the section entitled “RiskFactors” for a description of certain risks that could, among other things, cause actual results to differ from these forward-lookingstatements. We assume no responsibility to update the forward-looking statements contained in this quarter report on Form 10-Q. The followingshould also be read in conjunction with the unaudited Condensed Financial Statements and notes thereto that appear elsewhere in thisreport.

CompanyOverview

Aceztech Corporation, a Nevada corporation, (herein referred as “the Company”) was incorporated under the laws of the State of Nevada on August 15, 2023.

On June 4, 2024, the Company acquired 100% of the equity interest of Aceztech Sdn. Bhd., a limited liability company incorporated in Malaysia.

On April 9, 2025, the Company has decided to dissolve its wholly owned subsidiary, Aceztech Sdn. Bhd. As a result, Aceztech Sdn. Bhd. is being deconsolidated in the Company’s financial statements.

Huineng Technology Corporation is currently headquartered in Kowloon, Hong Kong (herein referred as “Hong Kong”). We primarily provide digital services including website and application development, design and maintenance services to companies and individual customers in Malaysia and Hong Kong. Our mission is to serve as a trusted partner on our customers’ digital journeys.

The Company’s executive office is located at Flat 6, 15/F, Bell House 525-543 Nathan Road, Yau Ma Tei, Kowloon, Hong Kong.

Our cash and cash equivalents are $5,878 as of February 28, 2026. Our cash balance is not sufficient to fund our limited levels of operations for any period of time. In order to continue our current business plan and increase our current level of operations for the next twelve-month period, we require further funding.

For the three months ended February 28, 2026, the Company incurred a net loss of $4,420 and a working capital deficit of $11,815. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company’s profit generating operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. In the event that we require additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the shareholder has indicated the intent and ability to provide additional financing.

No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

| -3- |

| --- |

Resultsof operations

Threemonths ended February 28, 2026 and February 28, 2025

Revenues

For the three months ended February 28, 2026, the Company generated revenue in the amount of $5,600.

For the three months ended February 28, 2025, the Company generated revenue in the amount of $1,200.

The revenue generated was from the Company providing website and application development, design and maintenance services to the customers.

Generaland Administrative Expenses

For the three months ended February 28, 2026, the Company had general and administrative expenses in the amount of $10,020. These were primarily comprised of audit fees, stock storage & registrar fees, OTC fee, other professional fees and service tax.

For the three months ended February 28, 2025, the Company had general and administrative expenses in the amount of $10,591. These were primarily comprised of audit fees, stock and registrar fees, OTC fee, other professional fees and service tax.

NetLoss

For the three months ended February 28, 2026, the Company has incurred a net loss of $4,420.

For the three months ended February 28, 2025, the Company has incurred a net loss of $9,391.

Liquidityand Capital Resources

CashProvided by/Used in Operating Activities

Net cash provided by operating activities was $5,120 for the three months ended February 28, 2026. The cash provided by operating activities was attributable to depreciation expenses, decrease in prepayments and deposit and increase in contract liabilities contra by net loss, decrease in accrued liabilities and decrease in amount due to a shareholder.

Net cash used in operating activities was $9,697 for the three months ended February 28, 2025. The cash used in operating activities was attributable to net loss, increase in accounts receivable, increase in the amount due from a shareholder, and decrease in accrued liabilities contra by depreciation expenses, decrease in prepayments and deposit, and increase in contract liabilities.

CashUsed in Investing Activity

For the three months ended February 28, 2026, the Company did not generate nor used any cash in investing activity.

For the three months ended February 28, 2025, the Company did not generate nor used any cash in investing activity.

CashProvided by Financing Activity

For the three months ended February 28, 2026, the Company did not generate nor used any cash in financing activity.

For the three months ended February 28, 2025, the Company received $39,000 from financing activities primarily from issuance of shares of common stock pursuant to subscription by a shareholder on February 21, 2025.

Off-BalanceSheet Arrangements

The Company has no off-balance sheet arrangements.

| -4- |

| --- |

CriticalAccounting Policies

Recentaccounting pronouncements

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.

Item3 Quantitative and Qualitative Disclosures About Market Risk.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

Item4 Controls and Procedures.

DisclosureControls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

| -5- |

| --- |

We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer, of the effectiveness of our disclosure controls and procedures as of February 28, 2026. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our chief executive officer concluded that our disclosure controls and procedures were not effective. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (i) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (ii) inadequate segregation of duties and effective risk assessment; and (iii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines. The aforementioned material weaknesses were identified by our chief executive officer in connection with the review of our financial statements as of February 28, 2026.

Management’sReport on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The internal controls for the Company are provided by executive management’s review and approval of all transactions. Our internal control over financial reporting also includes those policies and procedures that:

1.	pertain<br> to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;
2.	provide<br> reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with<br> U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of our management; and
3.	provide<br> reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that<br> could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management assessed the effectiveness of the Company’s internal control over financial reporting as of February 28, 2026. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework. Management’s assessment included an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of these controls.

As of February 28, 2026, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in 2013 and SEC guidance on conducting such assessments. Based on such evaluation, the Company’s management concluded that, during the period covered by this Report, our internal control over financial reporting were not effective due to the presence of material weaknesses.

Changesin Internal Control over Financial Reporting:

There were no changes in our internal control over financial reporting during the three months ended February 28, 2026, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

| -6- |

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PART

II — OTHER INFORMATION

Item1. Legal Proceedings

We are not subjected to nor engaged in any litigation, arbitration or claim of material importance, and no litigation, arbitration or claim of material importance is known to us to be pending or threatened by or against our Company that would have a material adverse effect on our Company’s results of operations or financial condition. Further, there are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to our Company.

Item2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item3. Defaults Upon Senior Securities

None.

Item4. Mine Safety Disclosures

Not applicable.

Item5. Other Information.

Insider Trading Arrangements

During the quarter ended February 28, 2026, none of our directors or officers adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities to satisfy the affirmative defense conditions of “Rule 10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement”.

ITEM6. Exhibits

31.1	Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer
32.1	Section 1350 Certification of principal executive officer
101.INS	Inline<br> XBRL Instance Document*
101.SCH	Inline<br> XBRL Schema Document*
101.CAL	Inline<br> XBRL Calculation Linkbase Document*
101.DEF	Inline<br> XBRL Definition Linkbase Document*
101.LAB	Inline<br> XBRL Label Linkbase Document*
101.PRE	Inline<br> XBRL Presentation Linkbase Document*
104	Cover<br> Page Interactive Data File (embedded within the Inline XBRL document)

| -7- |

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, at the location of ChongQing, China, on April 14, 2026.

Huineng Technology Corporation
By:	/s/ Guoxiang Ao
Name:	Guoxiang<br> Ao
Title:	Chief<br> Executive Officer, Chief Financial Officer, Director
Date:	April<br> 14, 2026

| -8- |

| --- |

EXHIBIT31.1

CERTIFICATION

I, Guoxiang Ao, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Huineng Technology Corporation (the “Company”) for the quarter ended February 28, 2026;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.	Designed<br> such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,<br> to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others<br> within those entities, particularly during the period in which this report is being prepared;
b.	Designed<br> such internal control over financial reporting, or caused such internal control to be designed under our supervision, to provide<br> reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes<br> in accordance with generally accepted accounting principles.
c.	Evaluated<br> the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about<br> the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;<br> and
d.	Disclosed<br> in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s<br> most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,<br> or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.	All<br> significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are<br> reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information;<br> and
b.	Any<br> fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s<br> internal control over financial reporting.
Date:<br> April 14, 2026	By:	/s/ Guoxiang Ao
---	---	---
	Name:	Guoxiang<br> Ao
	Title:	Chief<br> Executive Officer, Chief Financial Officer, Director

EXHIBIT32.1

CERTIFICATION

PURSUANTTO 18

U.S.C.SECTION 1350,

ASADOPTED

PURSUANTTO

SECTION906 OF THE SARBANES-OXLEY

ACTOF 2002

In connection with the quarterly report of Huineng Technology Corporation (the “Company”) on Form 10-Q for the period ended February 28, 2026 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1)	The<br> Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The<br> information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of<br> the Company.
Date:<br> April 14, 2026	By:	/s/ Guoxiang Ao
---	---	---
	Name:	Guoxiang<br> Ao
	Title:	Chief<br> Executive Officer, Chief Financial Officer, Director

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.