Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 118

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 118
---
 law. Qiansui Consulting
wholly owns Shanxi Qiansui Tancheng Culture Media Co., Ltd. (“Qiansui Media”), which was established on June 14, 2017 in the
PRC. Qiansui Consulting acquired Qiansui Media on December 28, 2022. Qiansui HK and Qiansui Consulting are intermediary holding companies.
Qiansui International conducts its operations through Qiansui Media.

Following the consummation of the Contribution,
our company, through its wholly owned PRC subsidiary Qiansui Media, has been engaged in the business of selling ornament and adornment
products related to “Jue Cheng” culture and creating cultural tourism programs. Located in close proximity to PangQuanGou
National Nature Reserve in Jiaocheng County, Shanxi Province, China, Qiansui Media has leveraged the rich heritage of “Jue Cheng”
culture to develop innovative peripheral cultural products and large-scale recreational tourism projects.

On April 11, 2023, the holder of Tancheng Group,
representing approximately 97% voting power of the total issued and outstanding capital stock of Tancheng Group, acting by written consent,
approved a Certificate of Amendment to Articles of Incorporation (the “Certificate of Amendment”) to increase the number of
shares of common stock that Tancheng Group is authorized to issue from 75,000,000 shares to 1,000,000,000 shares. The Company filed
the Certificate of Amendment with the Secretary of State of the State of Nevada on April 11, 2023.

Our revenues were $502,550 and $1,969,094 for
the years ended December 31, 2024 and 2023, respectively. Our net loss was $288,160 and $289,666 for the respective periods. These conditions
raise substantial doubt about our ability to continue as a going concern.

Results of Operations

Comparison for The Years Ended December
31, 2024 and 2023

The following table sets forth key components
of our results of operations during the years ended December 31, 2024 and 2023.

    2024  
    2023  
    (Decrease) 
Increase 
  
    Revenue 
    $502,550  
    $1,969,094  
    $(1,466,544)
  
    Cost of revenue 
     (365,606) 
     (1,