Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 504

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 7
Chunk 504
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 the sole voting and investment power over the shares held by Zhang Caixia Limited.
    Ms. Zhang is Mr. Yang’s mother. Ms. Zhang disclaims beneficial ownership of such shares except to the extent of her pecuniary
    interest in such shares. 

 37 

Changes in Control 

There are no arrangements known to us, including
any pledge by any person of our securities, the operation of which may at a subsequent date result in a change in control of the Company. 

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS, AND DIRECTOR INDEPENDENCE. 

Transactions with Related Persons

The table below sets forth the related parties
and their relationships with the Company as of December 31, 2024 and 2023:

    Name of related parties
     
    Relationship with the Company
  
    Yu Yang (“Mr. Yang”)
     
    Controlling shareholder
  
    Jiaocheng Xinmu Trade Co., Ltd
     
    Controlled by Mr. Yang
  
    All Weather (Hainan) Network Sports Co., Ltd
     
    Controlled by Mr. Yang
  
    Taiyuan Tuohang Logistics Co., Ltd
     
    Controlled by Mr. Yang
  
    Shanxi Xiliu Catering Management Co., Ltd
     
    Controlled by Mr. Yang

The related party balances and transactions as of and for
the years ended December 31, 2024 and 2023 are as follows:

Amounts due from a related party:

    As of December 31, 

     2024  
     2023 
  
    Shanxi Xiliu Catering Management Co., Ltd 
    $–  
    $1,695,750 

Amounts due from Shanxi Xiliu Catering Management
Co., Ltd represents business advances for operational purposes. The balance is unsecured, non-interest bearing and repayable on demand.
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”). The amount due from Shanxi
Xiliu was fully settled after the Netting Arrangement.

Amounts due to related parties:

    As of December 31,