Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 232

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1C
Chunk 232
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 parties
and their relationships with the Company as of December 31, 2024 and 2023:

    Schedule of related parties

    Name of related parties
     
    Relationship with the Company
  
    Yu Yang (“Mr. Yang”)
     
    Controlling shareholder
  
    Jiaocheng Xinmu Trade Co., Ltd
     
    Controlled by Mr. Yang
  
    All Weather (Hainan) Network Sports Co., Ltd
     
    Controlled by Mr. Yang
  
    Taiyuan Tuohang Logistics Co., Ltd
     
    Controlled by Mr. Yang
  
    Shanxi Xiliu Catering Management Co., Ltd
     
    Controlled by Mr. Yang

The related party balances and transactions as
of and for the years ended December 31, 2024 and 2023 are as follows:

Amounts due from a related party:

    Schedule of amounts due from related parties 

    As of December 31, 

     2024  
     2023 
  
    Shanxi Xiliu Catering Management Co., Ltd 
    $–  
    $1,695,750 

Amounts due from Shanxi Xiliu Catering Management
Co., Ltd represents business advances for operational purposes. The balance is unsecured, non-interest bearing and repayable on demand.
On June 30, 2024, the Company, Shanxi Xiliu and Jiaocheng Xinmu made an arrangement to legally offset the Company’s receivable from
Shanxi Xiliu with the payable to Jiaocheng Xinmu in the amount of $1,695,750 (the “Netting Arrangement”). The amount due from Shanxi
Xiliu was fully settled after the Netting Arrangement.

Amounts due to related parties:

    Schedule of amounts due to related parties 

    As of December 31, 

    2024  
    2023 
  
    Yu Yang 
    (a) 
    $441,151  
    $278,303 
  
    Jiaocheng Xinmu Trade Co., Ltd 
    (b) 
     2,346,889  
     4,109,535 
  
    Taiyuan Tuohang Logistics Co., Ltd 
    (c) 
     117,324  
     – 

    $2,905,364  
    $4,387,838