Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 295

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 3
Chunk 295
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 prepared in U.S. dollars and in accordance with U.S. GAAP. 

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”).

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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 through Qiansui Media.

Following the consummation of the Contribution,
our company, through its wholly owned PRC subsidiary Qiansui Media, has been engaged in the business of selling ornament and adornment
products related to “Jue Cheng” culture and creating cultural tourism programs. Located in close proximity to PangQuanGou
National Nature Reserve in Jiaocheng County, Shanxi Province, China, Qiansui Media has leveraged the rich heritage of “Jue Cheng”
culture to