Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 49

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 49
---
 in the forward-looking statements. Therefore, you should not put undue reliance on any of these forward-looking
statements. The forward-looking statements made in this report speak only as of the date hereof and we disclaim any obligation, except
as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations
or future events.

Unless otherwise indicated by the context, references
to the “Company, “we,” “us,” “our” in this report are to Tancheng Group Co., Ltd., a Nevada
corporation, and its consolidated subsidiaries.

Overview

Tancheng Group Co., Ltd. (formerly Bigeon), or
Tancheng Group, was incorporated under the laws of Nevada on June 19, 2018. It remained a shell company until the completion of acquiring
Qiansui International Group Limited, a Cayman Islands exempted company (“Qiansui International”), and Qiansui International’s
subsidiaries on March 20, 2023, pursuant to a contribution agreement (the “Contribution Agreement”) entered into by and among
Tancheng Group, and holders of 100% of the outstanding ordinary shares of Qiansui International who also held 79.9% of Tancheng Group’s
outstanding common stock then (the “Contributors”). In accordance with the Contribution Agreement, the Contributors contributed
all of their interests in Qiansui International to Tancheng Group (the “Contribution”).

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 PRC. Qiansui Consulting is a wholly owned foreign entity, or WFOE, 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 Consulting are intermediary holding companies.
Qiansui International conducts its operations