Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 382

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 5
Chunk 382
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 the Contributors contributed
all of their interests in Qiansui International to Tancheng Group (the “Contribution”).

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Qiansui International was incorporated in the
Cayman Islands on June 7, 2022. Qiansui (Hong Kong) Holdings Limited (“Qiansui HK”) was incorporated on July 21, 2022 in the
Hong Kong SAR. Qiansui HK wholly owns Shanxi Qiansui Tancheng Culture Consulting Co., Ltd. (“Qiansui Consulting”) which was
established on December 12, 2022 in the PRC. Qiansui Consulting is a wholly owned foreign entity, or WFOE, under PRC law. Qiansui Consulting
wholly owns Shanxi Qiansui Tancheng Culture Media Co., Ltd. (“Qiansui Media”), which was established on June 14, 2017 in the
PRC. Qiansui Consulting acquired Qiansui Media on December 28, 2022. Qiansui HK and Qiansui Consulting are intermediary holding companies.
Qiansui International conducts its operations through Qiansui Media.

Following the consummation of the Contribution,
our company, through its wholly owned PRC subsidiary Qiansui Media, has been engaged in the business of selling ornament and adornment
products related to “Jue Cheng” culture and creating cultural tourism programs. Located in close proximity to PangQuanGou
National Nature Reserve in Jiaocheng County, Shanxi Province, China, Qiansui Media has leveraged the rich heritage of “Jue Cheng”
culture to develop innovative peripheral cultural products and large-scale recreational tourism projects.

On April 11, 2023, the holder of Tancheng Group,
representing approximately 97% voting power of the total issued and outstanding capital stock of Tancheng Group, acting by written consent,
approved a Certificate of Amendment to Articles of Incorporation (the “Certificate of Amendment”) to increase the number of
shares of common stock that Tancheng Group is authorized to issue from 75,000,000 shares to 1,000,000,000 shares. The Company filed
the Certificate of Amendment with the Secretary of State of the State of Nevada on April 11, 2023.

Our revenues were $502,550 and $1,969,094 for
the years ended December 31, 2024 and 2023, respectively. Our net loss was $