Tancheng Group Co Ltd

Tancheng Group Co., Ltd. (OTC: QSJC) is a Nevada holding company, formerly known as Bigeon before its October 2022 name change to Tancheng Group, that conducts its business operations in China through its People's Republic of China subsidiaries based in Taiyuan, the capital of Shanxi Province. The company is incorporated in Nevada under U.S. law but operates as a China-based company through a holding structure that channels revenues and operations through its Chinese operating subsidiaries, a common corporate architecture used by smaller Chinese companies seeking U.S. public company status and access to the OTC Markets trading platform. The company engages in the sale of self-designed ornament and adornment products through its online store in China, with a product portfolio that includes Jue Cheng ornament products, Chinese twelve zodiac pendants, and master Hongyi's heart sutra religious and cultural items.<br><br>The ornament and adornment product category that Tancheng Group serves draws on China's rich traditions in jade carving, Buddhist and Taoist iconography, and traditional craft goods production, with twelve zodiac animal pendants and heart sutra calligraphy pieces representing categories of decorative and spiritually significant accessories that have substantial consumer demand within China's traditional culture-conscious retail market. Online retail has become the dominant channel for artisan and cultural decorative products in China, with platforms facilitating wide geographic distribution of craft goods that were historically limited to local or regional markets. Tancheng Group's online store model positions it to reach consumers across China who seek traditional ornament and cultural accessories for personal wear, gift-giving, and home decoration.<br><br>Tancheng Group Co., Ltd. files periodic reports with the Securities and Exchange Commission and trades on the OTC market under the ticker symbol QSJC. The company has noted in its SEC filings that management has identified substantial doubt about its ability to continue as a going concern, reflecting the financial challenges of a small company operating in a competitive Chinese online retail environment. The company's revenue concentration — with a single related-party customer representing approximately 73.8% of revenue and essentially all purchases sourced from a single supplier in 2025 — presents supply chain and customer concentration risks that are common disclosures for small, early-stage Chinese operating companies listed on U.S. OTC markets.