Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 92

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 92
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an Existing Listed Enterprise as defined under the CSRC Filing Notice, and that future offerings of listed securities or listings outside
China by us may be subject to CSRC filing requirements in accordance with the Trial Measures.

On February 24, 2023, the CSRC, together with
the Ministry of Finance, National Administration of State Secrets Protection and National Archives Administration of China, revised the
Provisions on Strengthening Confidentiality and Archives Administration for Overseas Securities Offering and Listing, which were issued
by the CSRC and National Administration of State Secrets Protection and National Archives Administration of China in 2009, or the “Provisions.”
The revised Provisions were issued under the title the “Provisions on Strengthening Confidentiality and Archives Administration
of Overseas Securities Offering and Listing by Domestic Companies,” and came into effect on March 31, 2023 together with the Trial
Measures. One of the major revisions to the revised Provisions is expanding their application to cover indirect overseas offering and
listing, as is consistent with the Trial Measures. The revised Provisions require that, among other things, (a) a domestic company that
plans to, either directly or indirectly through its overseas listed entity, publicly disclose or provide to relevant individuals or entities,
including securities companies, securities service providers, and overseas regulators, any documents and materials that contain state
secrets or working secrets of government agencies, shall first obtain approval from competent authorities according to law, and file with
the secrecy administrative department at the same level; and (b) a domestic company that plans to, either directly or indirectly through
its overseas listed entity, publicly disclose or provide to relevant individuals and entities, including securities companies, securities
service providers, and overseas regulators, any other documents and materials that, if leaked, will be detrimental to national security
or public interest, shall strictly fulfill relevant procedures stipulated by applicable national regulations. Any failure or perceived
failure by our Company, or our PRC subsidiaries to comply with the above confidentiality and archives administration requirements under
the revised Provisions and other PRC laws and regulations may result in the relevant entities being held legally liable by competent authorities,
and referred to the judicial organ to be investigated for criminal liability if suspected of committing a crime.

Given that the Trial Measures, Listing Guidelines
and revised Provisions have been introduced recently, and that there remain substantial uncertainties surrounding the enforcement thereof,
we cannot assure you that, if required, we would be able to complete the filings and fully comply with the