Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 34

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 34
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 our business or results of operations.

 20 

In order to compete, we must attract, train
and retain highly qualified employees, and the failure to do so could have a material adverse effect on our results of operations.

To successfully compete, we must attract, train,
and retain highly qualified employees while controlling related labor costs. In particular, we must hire top professionals and personnel
which contribute to the success of our business. If we were to lose a significant number of professionals, it could have a material adverse
effect on our financial condition and results of operations. There is no assurance that we will be able to attract or retain highly qualified
employees. The inability to hire or retain qualified personnel at economically reasonable compensation levels would restrict our ability
to improve our business and result in lower operating results and profitability.

We are dependent on the continued services
and performance of our senior management and other key employees, the loss of any of whom could adversely affect our business, operating
results and financial condition.

Our businesses depend on the skills, reputation,
and professional experience of our senior management and key employees, the network of resources and relationships they generate during
the ordinary course of their activities, and the synergies among the diverse fields of expertise and knowledge held by our senior professionals.
Therefore, the success of our business depends on the continued services of these individuals. If we lose their services, we may not be
able to execute our existing business strategy effectively, and we may have to change our current business direction. These disruptions
to our business may take up significant energy and resources of our company, and materially and adversely affect our future prospects.
The loss of services of senior management or other key employees could significantly delay or prevent the achievement of our development
and strategic objectives. The loss of the services of our senior management or other key employees for any reason could adversely affect
our business, financial condition and operating results. We do not presently maintain any key man life insurance policies.

The recreational
and tourism projects operate in a competitive industry and their revenues, profits or market share could be harmed if they are unable
to compete effectively.

We are developing tourism
projects which will compete with other themes, cultural avenues and with other types of recreational facilities. The principal
competitive factors in the recreational industry include location, scale, and the variety and perceived quality of the attractions. The
recreational industry is also subject to factors that affect the tourist industries generally, such as general economic conditions, travel
restrictions, and changes in