Financial Analysis

The table below shows the revenue disaggregation by type of services for the six months ended May 31, 2026 and 2025: SCHEDULE OF REVENUE DISAGGREGATION BY TYPE OF SERVICES Revenue disaggregation by type of services For the six months ended May 31, 2026 For the six months ended May 31, 2025 Development service $ 12,000 $ - Design service 15,000 2,300 Maintenance service 1,000 2,300 Total revenue $ 28,000 $ 4,600

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10. INCOME TAX The income/(loss) before income taxes of the Company for the six months ended May 31, 2026 and 2025 were comprised of the following: SCHEDULE OF LOSS BEFORE INCOME TAXES 2026 2025 For the six months ended May 31, 2026 2025 Tax jurisdictions from: - Local $ 10,067 $ (21,827 ) - Foreign, representing: Malaysia - - Income/(loss) before income taxes $ 10,067 $ (21,827 ) Provision for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES 2026 2025 For the six months ended May 31, 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 Companys income taxes expenses: SCHEDULE OF RECONCILIATION OF INCOME TAXES EXPENSES 2026 2025 For the six months ended May 31, 2026 2025 Computed expected expenses 21 % (21 ) % Effect of foreign tax rate difference - % - % Valuation allowances (21 )% 21 % Others - % - % Effective tax rate 0 % 0 % 2026 2025 For the six months …

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Recently issued accounting pronouncements In November 2024, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2024-03 Income StatementReporting Comprehensive IncomeExpense 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 Companys 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 adop …

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6. AMOUNT DUE TO A SHAREHOLDER As of May 31, 2026, the Company has an outstanding amount due to a shareholder, in aggregate amount of $ 7,462 , which is unsecured and non-interest bearing with no fixed terms of repayment. As of November 30, 2025, the Company has an outstanding amount due to a shareholder, in aggregate amount of $ 7,524 , which is unsecured and non-interest bearing with no fixed terms of repayment.

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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 Companys 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 …

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12. SEGMENT REPORTING ASC 280, Segment Reporting establishes standards for reporting information about operating segments on a basis consistent with the Companys internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has two 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 Companys 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. SCHEDULE OF SEGMENT REPORTING BY BUSINESS UNIT By Business Unit Development and Design Services Maintenance Service Total …

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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements for Huineng Technology Corporation for the period ended May 31, 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. Accounts Receivable Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of accounts receivable. The Company extends credit to its customers in the normal course of business and generally does not require collateral. The Companys credit terms are dependent upon the segment and the …

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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 May 31, 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. …

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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 May 31, 2026 up through the date the Company issued the financial statements. …

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