Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 45

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 45
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    All Weather (Hainan) Network Sports Co., Ltd 
    Controlled by Mr. Yang
  
    Taiyuan Tuohang Logistics Co., Ltd 
    Controlled by Mr. Yang
  
    Shanxi Xiliu Catering Management Co., Ltd 
    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 

    June 30, 2025  
    December 31, 2024 
  
    Yu Yang 
    (a) 
    $558,538  
    $441,151 
  
    Jiaocheng Xinmu Trade Co., Ltd 
    (b) 
     2,391,326  
     2,346,889 
  
    Taiyuan Tuohang Logistics Co., Ltd 
    (c) 
     195,787  
     117,324 

    $3,145,651  
    $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 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, Yu Yang had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $24,011, $27,748, $117,306 and $116,370, 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 six months ended June 30, 2025,
    there was no
    transactions incurred between the Company and Jiaocheng Xinmu Trade Co., Ltd. On June 30, 2024, the Company, Shanxi Xiliu and
    Jiaocheng Xinmu made an arrangement to legally offset the Company’s receivable from Shanxi Xiliu with the payable to Jiaocheng
    Xinmu in the amount of $1,695,750
    (the “Netting Arrangement”).

    (c)
    Amounts due to Taiyuan Tuohang Logistics Co