Company: QSJC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008383
Chunk: 48

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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., Ltd in aggregate amounts of $49,509,
144,700, $159,331 and $144,700, respectively. 

    7.
    EQUITY

Authorized Shares

As of September 30, 2025 and December 31, 2024, the
Company has 75,000,000 authorized ordinary shares, par value $0.001 per share.

Ordinary Shares

As of September 30, 2025 and December 31, 2024, the
Company’s outstanding number of ordinary shares was 4,381,550.

The Company did not issue any shares during the three
and nine months ended September 30, 2025 and 2024.

    8.
    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 September 30, 2025 and December 31, 2024, 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.

    9.
    SEGMENT
    INFORMATION

The Company operates in Mainland China. Due to the
integrated structure of the Company’s business, the Company’s chief operating decision maker (“CODM”) is the Chief
Executive Officer. The Company determined it has one reportable segment, as the CODM regularly reviews operations and financial performance
on an aggregate basis at a consolidated level for the purposes of allocating resources and to make business decisions.

     16 

The following table provides information about the
Company’s segment:

    Schedule of segment information 

    For the three months ended  September 30, 

    2025  
    2024 
  
    Segment revenue 
    $52,198  
    $145,764 
  
    Less: 

    Cost of inventories 
     (36,