Company: QSJC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001683168-25-003492
Chunk: 9

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and
procedures were not effective as of March 31, 2025 due to the Company’s limited internal resources and lack of ability to have multiple
levels of transaction review.

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Management is in the
process of determining how best to change our current system and implement a more effective system to ensure that information required
to be disclosed in the reports that we file or submit under the Exchange Act have been recorded, processed, summarized and reported accurately.
Our management intends to develop procedures to address the current deficiencies to the extent possible given limitations in financial
and manpower resources. While management is working on a plan, no assurance can be made at this point that the implementation of such
controls and procedures will be completed in a timely manner or that they will be adequate once implemented.

Changes in Internal
Control over Financial Reporting

Except for the matters
described above, there were no changes in our internal controls over financial reporting during the quarter ended March 31, 2025 that
have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II

OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

From time to time, we may become involved in various
lawsuits and legal proceedings which arise in the ordinary course of business. We are currently not aware of any legal proceedings or
claims that would require disclosure under Item 103 of Regulation S-K. However, litigation is subject to inherent uncertainties, and an
adverse result in these or other matters may arise from time to time that may harm our business.

ITEM 1A. RISK FACTORS.

As a smaller reporting company, we are not required
to provide the information required by this Item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS.

There were no unregistered sales of equity securities
or repurchase of common stock during the period covered by this report. 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

During the quarter ended March 31, 2025, no
director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or
“non-Rule 10b5-1 trading arrangement,” as each