We were incorporated on June 28, 2010 in the State of Nevada under the name "Island Radio, Inc." and changed our name to "China Herb Group Holdings Corporation" effective July 17, 2012. On December 9, 2019, the Company changed its corporate name to "Tengjun Biotechnology Corp."

As a result of the consummation of the Acquisition on December 23, 2021 as discussed above, the Target became a wholly-owned subsidiary of the Company and the business of the Target became the business of the Company.

The diagram below illustrates our corporate structure following the Acquisition:

Results of Operations - Three Months Ended June 30, 2022 Compared to Three Months Ended June 30, 2021.

The following table sets forth information from our statements of comprehensive income for the three months ended June 30, 2022 and 2021:

The following is the sales breakdown by segment during the three months ended June 30, 2022 and 2021:

The following is the cost of goods sold breakdown by segment during the three months ended June 30, 2022 and 2021:

The following table presents gross margin by segment for three months ended June 30, 2022 and 2021:

Our selling and marketing expenses primarily consist of sales commission, advertising and product promotion expenses.

Results of Operations - Six Months Ended June 30, 2022 Compared to Six Months Ended June 30, 2021.

The following table sets forth information from our statements of comprehensive income for the six months ended June 30, 2022 and 2021:

The following is the cost of goods sold breakdown by segment during the six months ended June 30, 2022 and 2021:

Our selling and marketing expenses primarily consist of sales commission, advertising and product promotion expenses.

Cash Flow from Operating Activities

Cash Flow from Investing Activities

Cash Flow from Financing Activities

Critical Accounting Policies and Estimates

While we believe that the historical experience, current trends and other factors considered support the preparation of our financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

? allocate transaction price to the separate performance obligations in

Cash payments received or due from customers before revenue recognized are recorded as advances from customers. The advance from customers is recognized as revenue when the Company's performance obligation is completed.

See Note 3 to our unaudited consolidated financial statements for the three and six months ending June 30, 2022 and 2021.

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