Company: QSJC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008383
Chunk: 17

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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    Name of related parties
     
    Relationship with the Company
  
    Yu Yang (“Mr. Yang”)
     
    Controlling shareholder
  
    Jiaocheng Xinmu Trade Co., Ltd (“Jiaocheng Xinmu”)
     
    Controlled by Mr. Yang
  
    All Weather (Hainan) Network Sports Co., Ltd (“All Weather”)
     
    Controlled by Mr. Yang
  
    Taiyuan Tuohang Logistics Co., Ltd (“Taiyuan Tuohang”)
     
    Controlled by Mr. Yang
  
    Shanxi Xiliu Catering Management Co., Ltd (“Shanxi Xiliu”)
     
    Controlled by Mr. Yang

The related party balances and transactions are as
follows:

Amounts due to related parties:

    Schedule of amounts due to related parties

    September 30, 2025

    December 31, 2024

    Yu Yang
     
    (a)
     
    $
    582,992

    $
    441,151

    Jiaocheng Xinmu Trade Co., Ltd
     
    (b)

    2,449,337

    2,346,889

    Taiyuan Tuohang Logistics Co., Ltd 
     
    (c)

    236,106

    117,324

    $
    3,268,435

    $
    2,905,364

    (a)
    Amounts due to Yu Yang represent payments made to vendors on behalf of the Company for operational purposes. During the three and nine months ended September 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, Mr. Yang had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $24,428, $24,438, $141,734 and $140,808, respectively.

    (b)
    Amounts due to Jiaocheng Xinmu Trade Co., Ltd represent advances made to the Company for operational purposes. Apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, during the three and nine months ended September 30, 2025, Jiaocheng Xinmu made an advance of $42,934 and $42,934 to the Company, respectively. On June 30,