Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 201

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 201
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 Activities

Net cash provided by investing activities for
the year ended December 31, 2023 of US$10.79 million was primarily due to proceeds from sale of investments of US$3.98 million, dividend
received from long-term investments of US$1.67 million, proceeds from sale of property and equipment of US$6.13 million, offset by the
purchase of notes receivable of US$0.59 million, purchase of long-term investments of US$0.29 million, and purchase of property and equipment
of US$0.10 million.

Net cash used in investing activities for the
year ended December 31, 2022 of US$14.19 million was primarily due to proceeds from sale of investments of US$1.85 million, and dividend
received from long-term investments of $1.15 million, offset by the addition in long-term investments of US$16.23 million, and the purchase
of property and equipment of US$0.97 million.

Cash Flows from Financing Activities

Net cash used in financing activities for the
year ended December 31, 2023 of US$1.04 million was primarily due to advances from the holding company of US$9.34 million, proceeds from
borrowings of US$7.75 million, proceeds from private placement of US$1.85 million, offset by the settlement of forward share purchase
agreement of US$13.95 million, and repayments of borrowings of US$6.03 million.

Net cash provided by financing activities for
the year ended December 31, 2022 of US$12.14 million was primarily due to advances from the stockholder of US$9.75 million, proceeds from
borrowings of US$4.46 million, cash proceeds from reverse recapitalization of US$15.36 million, offset by the dividend distribution of
US$17.44 million to the stockholder that occurred in early 2022.

Liquidity and Going Concern

Our unaudited condensed consolidated financial
statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets, and liquidation
of liabilities in the normal course of business. The management of the Company estimates that currently available cash will not be able
to provide sufficient funds to meet the Company’s planned obligations for the next 12 months from the date that these unaudited
condensed consolidated financial statements were made available to be issued.