RELATED PARTIES TRANSACTIONS

3 Months Ended

Mar. 31, 2025

6.	RELATED PARTIES TRANSACTIONS

The table below sets forth the related parties and their relationships with the Company as of March 31, 2025 and December 31, 2024:


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 are as follows:

Amounts due to related parties:


		March 31, 2025		December 31, 2024
Yu Yang	(a)	$	534,469	$	441,151
Jiaocheng Xinmu Trade Co., Ltd	(b)		2,359,428		2,346,889
Taiyuan Tuohang Logistics Co., Ltd	(c)		156,030		117,324
		$	3,049,927	$	2,905,364

(a)	Amounts due to Yu Yang represent payments made to vendors on behalf of the Company for operational purposes. During the three months ended March 31, 2025 and 2024, apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, Yu Yang had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $93,295 and $88,623, respectively.

(b)	Amounts due to Jiaocheng Xinmu Trade Co., Ltd represent advances made to the Company for operational purposes. Apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, during the three months ended March 31, 2025 and 2024, there was no transactions incurred between the Company and Jiaocheng Xinmu Trade Co., Ltd.

(c)	Amounts due to Taiyuan Tuohang Logistics Co., Ltd represent payments made on behalf of the Company for operational purposes. During the three months ended March 31, 2025 and 2024, apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, Taiyuan Tuohang Logistics Co., Ltd had paid the operation and adminstartion expenses on behalf of the Company in an aggregate amount of $37,312 and $nil, respectively

Related party transactions:

During the three months ended March 31, 2025 and 2024, there were expenses paid on behalf by the related parties as described above. In addition, during the three months ended March 31, 2025, the Company sold products to All Weather (Hainan) Network Sports Co., Ltd in aggregate amounts of $98,549.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

TANCHENG GROUP CO., LTD. 10-Q