Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 457

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 6
Chunk 457
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 violation of:

    i.
    Any federal or state securities or commodities law or regulation; or

    ii.
    Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or

    iii.
    Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

    8)
    Was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 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