Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 110

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 110
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 future markets, and to sustain operational excellence and efficiencies across all business lines. Achieving
and sustaining growth requires the successful execution of our growth strategies, which may require the implementation of enhancements
to customer-facing, operational and financial systems, expanded sales and marketing capacity, continuous updates to technology and improvements
to processes and systems, and additional or new organizational resources. Given these challenges, we may be unable to manage our expanding
operations effectively, or to maintain our growth, which could have a material adverse effect on our business or results of operations.

 20 

In order to compete, we must attract, train
and retain highly qualified employees, and the failure to do so could have a material adverse effect on our results of operations.

To successfully compete, we must attract, train,
and retain highly qualified employees while controlling related labor costs. In particular, we must hire top professionals and personnel
which contribute to the success of our business. If we were to lose a significant number of professionals, it could have a material adverse
effect on our financial condition and results of operations. There is no assurance that we will be able to attract or retain highly qualified
employees. The inability to hire or retain qualified personnel at economically reasonable compensation levels would restrict our ability
to improve our business and result in lower operating results and profitability.

We are dependent on the continued services
and performance of our senior management and other key employees, the loss of any of whom could adversely affect our business, operating
results and financial condition.

Our businesses depend on the skills, reputation,
and professional experience of our senior management and key employees, the network of resources and relationships they generate during
the ordinary course of their activities, and the synergies among the diverse fields of expertise and knowledge held by our senior professionals.
Therefore, the success of our business depends on the continued services of these individuals. If we lose their services, we may not be
able to execute our existing business strategy effectively, and we may have to change our current business direction. These disruptions
to our business may take up significant energy and resources of our company, and materially and adversely affect our future prospects.
The loss of services of senior management or other key employees could significantly delay or prevent the achievement of our development
and strategic objectives. The loss of the services of our senior management or other key employees for any reason could adversely affect
our business, financial condition and operating results. We do not presently maintain any key man life insurance policies.

The recreational
and tourism projects operate in a competitive industry and their