Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 265

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 265
---
 the change of control, Olegas Tunevicius resigned as the Company’s sole officer and director, and Yu Yang became
the Company’s sole officer and director.

On October 17, 2022, the Company filed a Certificate
of Amendment to Articles of Incorporation of the Company with the Secretary of State of State of Nevada to change the Company’s
name to Tancheng Group Co., Ltd. (“Tancheng Group”).

On March 14, 2023, the Company entered into a
definitive Contribution Agreement (the “Contribution Agreement”) with Zhan Jue Cheng Limited, a British Virgin Islands company,
and Zhang Caixia Limited, a British Virgin Islands company (collectively, the “Contributors”), who together own 100% of the
issued and outstanding ordinary shares of Qiansui International Group Limited (“Qiansui International”) (the “Contributed
Shares”). Pursuant to the Contribution Agreement, the Contributors agreed to contribute all of their right, title and interest in
and to the Contributed Shares to Tancheng Group (the “Contribution”). On March 20, 2023, the Contribution was completed. As
a result of the Contribution, Qiansui International became the wholly-owned subsidiary of Tancheng Group. The assets and liabilities of
the acquired entity, Qiansui International, have been brought forward at their book value and no goodwill has been recognized. A Form
8-K is filed on March 24, 2023 which contains the financial information of Qiansui International.

Qiansui International was incorporated in the
Cayman Islands on June 7, 2022. Qiansui (Hong Kong) Holdings Limited (“Qiansui HK”) was incorporated on July 21, 2022 in the
Hong Kong SAR. Qiansui HK wholly owns Shanxi Qiansui Tancheng Culture Consulting Co., Ltd. (“Qiansui Consulting”) which was
established on December 12, 2022 in the People’s Republic of China (the “PRC”). Qiansui Consulting is a wholly owned
foreign entity under PRC 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