Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 197

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1B
Chunk 197
---
 that one Form 3, covering one transaction,
was filed late by our Secretary Ping Li and one Form 3, covering one transaction, was filed late by our director Longjiao Li.  

ITEM 11. EXECUTIVE COMPENSATION.

Summary Compensation Table 

The following table sets forth information concerning
all cash and non-cash compensation awarded to, earned by or paid to the named executive officers for services rendered in all capacities
during fiscal year ended December 31, 2024, and the 2023.

    Name and Principal Position 
    Year 
    Salary 
($) 
    Bonus 
($) 
    Stock  Awards
 ($) 
    Option Awards
 ($) 
    Non-Equity Incentive Plan Compensation ($) 
    All Other Compensation ($) 
    Total
 ($)
  
    Yu Yang 
    2024 
    8,344 
    – 
    – 
    – 
    – 
    – 
    8,344
  
    Chief Executive Officer, President and Treasurer 
    2023 
    – 
    – 
    – 
    – 
    – 
    – 
    –

    Caixia Zhang  
    2024 
    – 
    – 
    – 
    – 
    – 
    – 
    –
  
    Chief Financial Officer 
    2023 
    – 
    – 
    – 
    – 
    – 
    – 
    –

The Company
has no employment agreement with any of its officers and directors.

 36 

Outstanding Equity Awards at Fiscal Year End

There are
no outstanding equity awards as of December 31, 2024.

Compensation of Directors

For the fiscal year
ended December 31, 2024, the aggregate cash compensation and benefits that we paid to our executive officers was approximately RMB60,000
($8,344), and we did not pay any compensation separately to our employee directors for their services as directors of the Company and
its subsidiaries. None of our directors or executive officers received any equity awards, including options, restricted shares or other
equity incentives in the year ended December 31, 2024.

We have not formed a
standing compensation committee. Our board of directors was responsible for the functions that would otherwise be handled by the compensation
committee. Our board conducted deliberations concerning executive officer compensation. Our board has authority and discretion to determine
our officers’ compensation. 

ITEM 12. SECURITY OWNERS