Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 17

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 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., Ltd represent payments made 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, Taiyuan Tuohang Logistics Co., Ltd had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $37,999, $nil, $75,311 and $39,944, respectively

     14 

Related party transactions:

During the three and six months ended June 30,
2025 and 2024, there were expenses paid on behalf by the related parties as described above. In addition, during the three and six months
ended June 30, 2025, the Company sold products to All Weather (Hainan) Network Sports Co., Ltd in aggregate amounts of $11,273
and $109,822,
respectively. 

    7.
    EQUITY

Authorized Shares

As of June 30, 2025 and December 31, 2024,