Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 286

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 286
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 Chief Executive Officer, President and Treasurer 
    2023 
    – 
    – 
    – 
    – 
    – 
    – 
    –

    Caixia Zhang  
    2024 
    – 
    – 
    – 
    – 
    – 
    – 
    –
  
    Chief Financial Officer 
    2023 
    – 
    – 
    – 
    – 
    – 
    – 
    –

The Company
has no employment agreement with any of its officers and directors.

 36 

Outstanding Equity Awards at Fiscal Year End

There are
no outstanding equity awards as of December 31, 2024.

Compensation of Directors

For the fiscal year
ended December 31, 2024, the aggregate cash compensation and benefits that we paid to our executive officers was approximately RMB60,000
($8,344), and we did not pay any compensation separately to our employee directors for their services as directors of the Company and
its subsidiaries. None of our directors or executive officers received any equity awards, including options, restricted shares or other
equity incentives in the year ended December 31, 2024.

We have not formed a
standing compensation committee. Our board of directors was responsible for the functions that would otherwise be handled by the compensation
committee. Our board conducted deliberations concerning executive officer compensation. Our board has authority and discretion to determine
our officers’ compensation. 

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

Securities Ownership of Certain Beneficial
Owners and Management 

The following table sets forth information known
to us with respect to the beneficial ownership of our Common Stock as of the close of business on March 26,
2025 (the “Reference Date”) for: (i) each person known by us to beneficially own more than 5% of our voting securities, (ii)
each named executive officer, (iii) each of our directors and nominees, and (iv) all of our executive officers and directors as a group:

    Names of Management and Names of Certain Beneficial Owners (1) 
    Amount and Nature of Beneficial Ownership (1) 

    Number (2)  
    Percent (3) 
  
    Yu Yang(4) 
     2,800,000  
     63.9% 
  
    Caixia Zhang(5)