Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 21

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 21
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 jurisdictions. In addition,
the PCAOB’s report identified specific registered public accounting firms which are subject to these determinations. Either our
current or former registered public accounting firm is not headquartered in the PRC or Hong Kong and was not identified in this report
as a firm subject to the PCAOB’s determination. Our current auditor is a Singapore-based accounting firm that is registered with
the PCAOB and can be inspected by the PCAOB. We have no current intention of engaging any auditor based in the mainland China or Hong
Kong and not subject to regular inspection by the PCAOB. Furthermore, the PCAOB is able to inspect the audit workpapers of our PRC subsidiaries,
as such workpapers are electronic files possessed by our registered public accounting firms. However, if the PCAOB determines in the future
after the offering that it cannot inspect or fully investigate our auditor at such future time, trading in our securities would be prohibited
under the HFCA Act.

On August 26, 2022, CSRC, the MOF, and the PCAOB
signed the Protocol, governing inspections and investigations of audit firms based in China and Hong Kong. The Protocol remains unpublished
and is subject to further explanation and implementation. Pursuant to the fact sheet with respect to the Protocol disclosed by the SEC,
the PCAOB shall have independent discretion to select any issuer audits for inspection or investigation and has the unfettered ability
to transfer information to the SEC. On December 15, 2022, the PCAOB issued a report that vacated its December 16, 2021 determination and
removed mainland China and Hong Kong from the list of jurisdictions where it is unable to inspect or investigate completely registered
public accounting firms. For this reason, we were not identified as a Commission-Identified Issuer after we filed on March 29, 2024 the
annual report on Form 10-K for the fiscal year ended December 31, 2023 and do not expect to be identified as a Commission-Identified Issuer
under the HFCAA after we file this Annual Report on Form 10-K. Each year, the PCAOB will determine whether it can inspect and investigate
completely audit firms in mainland China and Hong Kong, among other jurisdictions. Notwithstanding, as our current auditor, Onestop Assurance
PAC, is headquartered in Singapore, we expect that it will remain subject to complete inspection and investigation by PCAOB in the foreseeable
future, and thus, that the risk of our shares being