Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 607

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 607
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. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

 35 

Board Composition

The board is currently
composed of two members, Mr. Yang and Ms. Li.

We have not formed an
Audit Committee, Compensation Committee or Nominating and Corporate Governance Committee as of the filing of this report. Our board of
directors performs the principal functions of an Audit Committee. We currently do not have an audit committee financial expert on our
board of directors. We believe that an audit committee financial expert is not required because the cost of hiring an audit committee
financial expert to act as one of our directors and to be a member of an Audit Committee outweighs the benefits of having an audit committee
financial expert at this time.

Nomination Process

There have been no material
changes to the procedures by which our shareholders may recommend nominees to our Board. 

Code of Ethics and Business Conduct

We
have adopted a Code of Ethics and Business Conduct relating to the conduct of our business by our employees, officers and directors. We
intend to maintain the highest standards of ethical business practices and compliance with all laws and regulations applicable to our
business, including those relating to doing business outside the United States. A copy of the Code of Ethics and Business Conduct has
been filed as an Exhibit to a current report on Form 8-K filed with the SEC on March 24, 2023 and is hereby incorporated by reference
into this annual report. During the fiscal year ended December 31, 2024, there were no amendments to or waivers of our Code of Ethics
and Business Conduct. If we effect an amendment to, or waiver from, a provision of our Code of Ethics and Business Conduct, we intend
to satisfy our disclosure requirements by posting a description of such amendment or waiver a current report on Form 8-K.

Insider Trading Policy

Effective March 12, 2025, we adopted a new insider trading policy that
applies to all our executive officers, directors and key employees. The insider trading policy codifies the legal
and ethical principles that govern trading in our securities by persons associated with the Company that may possess material nonpublic
information relating to the