Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 220

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1C
Chunk 220
---
748  
     18,143 
  
    Changes in operating assets and liabilities: 

    Other receivables 
     462  
     (267)
  
    Inventories 
     (87,122) 
     (600,756)
  
    Advance to suppliers 
     (60,101) 
     5,579 
  
    Accounts payable 
     (89,381) 
     154,214 
  
    Other payables and accruals 
     (26) 
     (22,315)
  
    Advance from customers 
     (89,017) 
     143,486 
  
    Amounts due from related parties 
     –  
     (43,455)
  
    Cash used in operating activities 
     (586,597) 
     (635,037)

    Cash flows from investing activities: 

    Purchase of a motor vehicle 
     –  
     (143,231)
  
    Cash used in investing activities 
     –  
     (143,231)

    Cash flows from financing activities: 

    Amounts due to related parties 
     281,985  
     1,122,536 
  
    Cash provided by financing activities 
     281,985  
     1,122,536 

    Effect of exchange rate changes on cash and cash equivalents 
     (6,889) 
     (3,321)

    Net (decrease) increase in cash and cash equivalents 
     (311,501) 
     340,947 
  
    Cash and cash equivalents at the beginning of the year 
     412,154  
     71,207 
  
    Cash and cash equivalents at the end of the year 
    $100,653  
    $412,154 

The accompanying notes are an integral part of
the consolidated financial statements.

 F-5 

TANCHENG GROUP CO., LTD.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 and 2023

    1.
    DESCRIPTION OF BUSINESS

TANCHENG GROUP CO., LTD. (“Company”),
formerly named Bigeon Corp. (“Bigeon”) was incorporated on June 19, 2018 under the laws of Nevada. Prior to August 31, 2022,
the