Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 278

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 278
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 the Company’s additional
paid in capital was $162,864.

    10.
    RESERVES

(a) Legal reserve

Pursuant to the laws applicable to the PRC’s
Foreign Investment Enterprises, the Company must make appropriations from after-tax profit to non-distributable reserve funds. Subject
to certain cumulative limits, the general reserve requires annual appropriations of 10% of after-tax profits as determined under the PRC
laws and regulations at each year-end until the balance reaches 50% of the PRC entity registered capital; the other reserve appropriations
are at the Company’s discretion. These reserves can only be used for specific purposes of enterprise expansion and are not distributable
as cash dividends. As of December 31, 2024 and 2023, the paid-up statutory reserve was $nil.

(b) Currency translation reserve

The currency translation reserve represents translation
differences arising from the translation of foreign currency financial statements into the Company’s reporting currency.

    11.
    COMMITMENTS AND CONTINGENCIES

As of December 31, 2024, the Company did not make
any contractual obligations or arrangements that required a provision or disclosure in these consolidated financial statements.

    12.
    SUBSEQUENT EVENTS

The Company
has evaluated subsequent events from December 31, 2024 to the date the consolidated financial statements were issued and has determined
that there are no items to disclose.

 F-14 

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ON ACCOUNTING AND FINANCIAL DISCLOSURE.

None.  

ITEM 9A. CONTROLS AND PROCEDURES.

Evaluation of Disclosure
Controls and Procedures

As required by Rule 13a-15
under the Exchange Act, our management has carried out an evaluation, with the participation and under the supervision of our Chief Executive
Officer, Mr. Yang and Chief Financial Officer, Ms. Zhang of the effectiveness of the design and operation of our disclosure controls and
procedures as of December 31, 2024. Disclosure controls and procedures refer to controls and other procedures designed to ensure that
information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management,
including our Chief Executive Officer and our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.