Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 480

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 7
Chunk 480
---

     (143,231)

    Cash flows from financing activities: 

    Amounts due to related parties 
     281,985  
     1,122,536 
  
    Cash provided by financing activities 
     281,985  
     1,122,536 

    Effect of exchange rate changes on cash and cash equivalents 
     (6,889) 
     (3,321)

    Net (decrease) increase in cash and cash equivalents 
     (311,501) 
     340,947 
  
    Cash and cash equivalents at the beginning of the year 
     412,154  
     71,207 
  
    Cash and cash equivalents at the end of the year 
    $100,653  
    $412,154 

The accompanying notes are an integral part of
the consolidated financial statements.

 F-5 

TANCHENG GROUP CO., LTD.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 and 2023

    1.
    DESCRIPTION OF BUSINESS

TANCHENG GROUP CO., LTD. (“Company”),
formerly named Bigeon Corp. (“Bigeon”) was incorporated on June 19, 2018 under the laws of Nevada. Prior to August 31, 2022,
the Company was developing a new kind of messenger application. The product of the Company (“the App”) is intended to provide
an entirely new way of sharing information. The App enables a user to draw a picture or a writing instead of typing the whole message.
Our intended users will be the people whose jobs are connected with drawing and creating graphic animation. Bigeon’s product will
be an appropriate tool to make short sketches on the go and share them with others.

On August 31, 2022, under a Stock Purchase Agreement,
the former President of the Company, Olegas Tunevicius, sold all of his 3,500,000 common shares of Bigeon to Shanxi Qiansui Tancheng Culture
Media Co., Ltd. (“Shanxi Qiansui Tancheng”), a privately-owned Chinese company, thus constituting a change of control of the
Company. As part of the change of control, Olegas Tunevicius resigned as the Company’s sole officer and director, and Yu Yang became
the Company’s sole officer and director.

On October