Company: QSJC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008383
Chunk: 47

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 47
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 2,905,364

    (a)
    Amounts due to Yu Yang represent payments made to vendors on behalf of the Company for operational purposes. During the three and nine months ended September 30, 2025 and 2024, apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, Mr. Yang had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $24,428, $24,438, $141,734 and $140,808, respectively.

    (b)
    Amounts due to Jiaocheng Xinmu Trade Co., Ltd represent advances made to the Company for operational purposes. Apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, during the three and nine months ended September 30, 2025, Jiaocheng Xinmu made an advance of $42,934 and $42,934 to the Company, respectively. On June 30, 2024, the Company, Shanxi Xiliu and Jiaocheng Xinmu made an arrangement to legally offset the Company’s receivable from Shanxi Xiliu with the payable to Jiaocheng Xinmu in the amount of $1,695,750 (the “Netting Arrangement”).

    (c)
    Amounts due to Taiyuan Tuohang Logistics Co., Ltd represent payments made on behalf of the Company for operational purposes. During the three and nine months ended September 30, 2025 and 2024, apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, Taiyuan Tuohang had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $38,925, $40,506, $114,236 and $80,784, respectively. In addition, the Company repaid Taiyuan Tuohang in an aggregate amount of $nil, $nil, $nil and $37,817, respectively.

     15 

Related party transactions:

During the three and nine months ended September 30,
2025 and 2024, there were expenses paid on behalf by the related parties as described above. In addition, during the three and nine months
ended September 30, 2025 and 2024, the Company sold products to All Weather (Hainan) Network Sports Co