Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 46

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 46
---
., Ltd represent payments made on behalf of the Company for operational purposes. During the three and six months ended June 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 Logistics Co., Ltd had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $37,999, $nil, $75,311 and $39,944, respectively

     14 

Related party transactions:

During the three and six months ended June 30,
2025 and 2024, there were expenses paid on behalf by the related parties as described above. In addition, during the three and six months
ended June 30, 2025, the Company sold products to All Weather (Hainan) Network Sports Co., Ltd in aggregate amounts of $11,273
and $109,822,
respectively. 

    7.
    EQUITY

Authorized Shares

As of June 30, 2025 and December 31, 2024, the
Company has 75,000,000 authorized ordinary shares, par value $0.001 per share.

Ordinary Shares

As of June 30, 2025 and December 31, 2024, the
Company’s outstanding number of ordinary shares was 4,381,550.

The Company did not issue any shares during the
three and six months ended June 30, 2025 and 2024.

    8.
    RESERVES

(a) Legal reserve

Pursuant to the laws applicable to the PRC’s
Foreign Investment Enterprises, the Company must make appropriations from after-tax profit to non-distributable reserve funds. Subject
to certain cumulative limits, the general reserve requires annual appropriations of 10% of after-tax profits as determined under the PRC
laws and regulations at each year-end until the balance reaches 50% of the PRC entity registered capital; the other reserve appropriations
are at the Company’s discretion. These reserves can only be used for specific purposes of enterprise expansion and are not distributable
as cash dividends. As of June 30, 2025 and December 31, 2024, the paid-up statutory reserve was $nil.

(b) Currency translation reserve

The currency translation reserve represents translation
differences arising from the translation of foreign currency financial statements into the Company’s reporting currency.

9.