Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 6

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 6
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 registered public accounting
firms headquartered in mainland China and Hong Kong. It is possible that the PCAOB may reassess its determinations in the future, and
it could determine that it is still unable to inspect or investigate completely registered public accounting firms in mainland China and
Hong Kong. On December 23, 2022 the Accelerating Holding Foreign Companies Accountable Act (“AHFCAA”) was enacted,
which amended the HFCA Act by requiring the SEC to prohibit an issuer’s securities from trading on any U.S. stock exchanges if its
auditor is not subject to PCAOB inspections for two consecutive years instead of three. On December 29, 2022, a legislation entitled “Consolidated
Appropriations Act, 2023” (the “Consolidated Appropriations Act”), was signed into law by President Biden. The
Consolidated Appropriations Act contained, among other things, an identical provision to AHFCAA, which reduces the number of consecutive
non-inspection years required for triggering the prohibitions under the Holding Foreign Companies Accountable Act from three years to
two. Whether the PCAOB will continue to be able to satisfactorily conduct inspections of PCAOB-registered public accounting firms headquartered
in mainland China and Hong Kong is subject to uncertainty and depends on a number of factors out of our, and our auditor’s, control.
The PCAOB is continuing to demand complete access in mainland China and Hong Kong moving forward and is already making plans to resume
regular inspections in early 2023 and beyond, as well as to continue pursuing ongoing investigations and initiate new investigations as
needed. The PCAOB has indicated that it will act immediately to consider the need to issue new determinations with the HFCA Act if needed,
without having to wait another year to reassess its determinations. In the future, if there is any regulatory change or step taken by
PRC regulators that does not permit our auditor to provide audit documentations located in China or Hong Kong to the PCAOB for inspection
or investigation, or the PCAOB expands the scope of the determination so that we are subject to the HFCA Act, as the same may be amended,
you may be deprived of the benefits of such inspection which could result in limitation or restriction to our access to the U.S. capital
markets and trading of our securities, including trading on the national exchange and trading on “over-the-counter” markets,
may be prohibited under the HFCA Act.

We are an “emerging growth company” under