Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 4

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
 payable 
     (61,663) 
     (151,230)
  
    Other payables and accruals 
     (704) 
     (1,322)
  
    Advance from customers 
     6,343  
     (140,016)
  
    Cash used in operating activities 
     (276,693) 
     (537,784)

    Cash flows from financing activities: 

    Amounts due to related parties 
     192,617  
     156,647 
  
    Cash provided by financing activities 
     192,617  
     156,647 

    Effect of exchange rate changes on cash and cash equivalents 
     867  
     (6,490)

    Net decrease in cash and cash equivalents 
     (83,209) 
     (387,627)
  
    Cash and cash equivalents at the beginning of the year 
     100,653  
     412,154 
  
    Cash and cash equivalents at the end of the period 
    $17,444  
    $24,527 

The accompanying notes are an integral part of
the condensed consolidated financial statements.

 6 

TANCHENG GROUP CO., LTD.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30,
2025 and 2024 (UNAUDITED)

    1.
    DESCRIPTION OF BUSINESS

TANCHENG GROUP CO., LTD. (“Company”),
formerly named Bigeon Corp. (“Bigeon”) was incorporated on June 19, 2018 under the laws of Nevada.

Qiansui International Group Limited (“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 People’s Republic of China (the “PRC”). Qiansui
Consulting is a wholly owned foreign entity under PRC law. Qiansui Consulting wholly owns Shanxi Qiansui Tancheng Culture Media Co., Ltd.
(“Qiansui Media”), which