Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 552

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 552
---
 
     412,154  
     71,207 
  
    Cash and cash equivalents at the end of the year 
    $100,653  
    $412,154 

The accompanying notes are an integral part of
the consolidated financial statements.

 F-5 

TANCHENG GROUP CO., LTD.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 and 2023

    1.
    DESCRIPTION OF BUSINESS

TANCHENG GROUP CO., LTD. (“Company”),
formerly named Bigeon Corp. (“Bigeon”) was incorporated on June 19, 2018 under the laws of Nevada. Prior to August 31, 2022,
the Company was developing a new kind of messenger application. The product of the Company (“the App”) is intended to provide
an entirely new way of sharing information. The App enables a user to draw a picture or a writing instead of typing the whole message.
Our intended users will be the people whose jobs are connected with drawing and creating graphic animation. Bigeon’s product will
be an appropriate tool to make short sketches on the go and share them with others.

On August 31, 2022, under a Stock Purchase Agreement,
the former President of the Company, Olegas Tunevicius, sold all of his 3,500,000 common shares of Bigeon to Shanxi Qiansui Tancheng Culture
Media Co., Ltd. (“Shanxi Qiansui Tancheng”), a privately-owned Chinese company, thus constituting a change of control of the
Company. As part of the change of control, Olegas Tunevicius resigned as the Company’s sole officer and director, and Yu Yang became
the Company’s sole officer and director.

On October 17, 2022, the Company filed a Certificate
of Amendment to Articles of Incorporation of the Company with the Secretary of State of State of Nevada to change the Company’s
name to Tancheng Group Co., Ltd. (“Tancheng Group”).

On March 14, 2023, the Company entered into a
definitive Contribution Agreement (the “Contribution Agreement”) with Zhan Jue Cheng Limited, a British Virgin Islands company,
and Zhang Caixia Limited, a British Virgin Islands company (collectively, the “Contributors”), who together own 100% of the
issued and outstanding ordinary