The following management's discussion and analysis should be read in conjunction with our financial statements and the notes thereto and the other financial information appearing elsewhere in this report. Our financial statements are prepared in U.S. dollars and in accordance with U.S. GAAP.

Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Because they discuss future events or conditions, forward-looking statements may include words such as "anticipate," "believe," "estimate," "intend," "could," "should," "would," "may," "seek," "plan," "might," "will," "pursue," "expect," "predict," "project," "goals," "strategy," "future," "likely," "forecast," "potential," "continue," negatives thereof or similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding business strategies, macro-economic and sector-specific trends, future cash flows, financing plans, plans and objectives of management and any other statements which are not statements of historical facts.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual future results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The forward-looking statements made in this report speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.

Unless otherwise indicated by the context, references to the "Company, "we," "us," "our" in this report are to Tancheng Group Co., Ltd., a Nevada corporation.





Overview

We are a Nevada corporation formed under the name of Bigeon Corp. on June 19, 2018. We were developing a new kind of messenger application that was intended to provide an entirely new way of sharing information. On August 31, 2022, our former chief executive and financial officer, sole director and controlling shareholder, Olegas Tunevicius, sold his 3,500,000 shares of common stock of our company, representing approximately 79.9% of our voting capital stock, to Shanxi Qiansui Tancheng Culture Media Co., Ltd., a private company formed under the laws of China ("Shanxi Tancheng"). As a result of this transaction, Shanxi Tancheng became our controlling shareholder and Yu Yang ("Mr. Yang") was appointed as our chief executive and financial officer and sole director. Our current business objective is to seek a business combination with an operating company. We intend to use the Company's limited personnel and financial resources in connection with such activities. The Company will utilize its capital stock, debt or a combination of capital stock and debt, in effecting a business combination.





Results of Operations

Three months ended October 31, 2022, compared to October 31, 2021





Revenues

During the three months ended October 31, 2022, and 2021, we have not received any revenues.











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Operating expenses

Total operating expenses for the three months ended October 31, 2022 were $29,277 compared to $20,140 for the three months ended October 31, 2021. Our operating expenses consisted of general and administrative costs $21,777 (October 31, 2021 - $11,423), professional fees $7,500 (October 31, 2021 - $8,614) and rent expense $nil (October 31, 2021 - $103). Expenses increased in general and administrative costs during the three months ended October 31, 2022 was primarily due to the loss on disposal of intangible assets and write off of prepayments partially offset with the absence of salary and wage expense.





Net Losses

The net loss for the three months ended October 31, 2022, was $29,277, compared to $20,140 for the three months ended October 31, 2021, due to the factors discussed above.

Liquidity and Capital Resources

As of October 31, 2022, our total assets were $1,889 comprised solely of cash. Our total liabilities were $153,614 comprised of accounts payables and payroll liabilities. As of July 31, 2022, our total assets were $23,666 comprised of cash $1,889, prepaid expenses $693 and intangible assets $21,084. Our total liabilities were $146,114 comprised of accounts payable $5,990, loan from director $71,724 and payroll liabilities $68,400.

Shareholders' deficit has increased from $122,448 as of July 31, 2022 to $151,725 as of October 31, 2022.

The Company has accumulated a deficit of $172,856 as of October 31, 2022, compared to $143,579 as of July 31, 2022 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern.

Net cash flows used in operating activities for the three months ended October 31, 2022, were $nil.

Net cash flows used in investing activities for the three months ended October 31, 2022, were $nil.

Net cash flows provided by financial activities for the three months ended October 31, 2022, were $nil.

Off-Balance Sheet Arrangements

As of October 31, 2022, we did not have any off-balance sheet arrangements that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations liquidity, capital expenditures or capital resources.









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