Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 404

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 404
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 period of to years, which are fully collateralized and closely monitored for counterparty
creditworthiness, with such collateral having a fair value in excess of the carrying amount of the loans as of December 31, 2023 and 2022.

|                                      |     | As of December 31, |  2023 |     |   |    2022 |   |
|:-------------------------------------|:----|:-------------------|------:|:----|:--|--------:|:--|
| Balance at beginning of year         |     | $                  |     — |     | $ |  76,799 |   |
| Allowance for expected credit losses |     |                    | 1,225 |     |   |       — |   |
| Written-off                          |     |                    |     — |     |   | (76,799 | ) |
| Foreign translation adjustment       |     |                    |     4 |     |   |       — |   |
| Balance at end of year               |     | $                  | 1,229 |     | $ |       — |   |

Estimated allowance for expected credit losses
is determined on quarterly basis, in accordance with the CECL model, for general credit risk of the overall portfolio, which is relied
on an assessment of specific evidence indicating doubtful collection, historical loss experience, loan balance aging and prevailing economic
conditions. If there is an unexpected deterioration of a customer’s financial condition or an unexpected change in economic conditions,
including macroeconomic events, the Company will assess the need to adjust the allowance for expected credit losses. Any such resulting
adjustments would affect earnings in the period that adjustments are made.

For the years ended December 31, 2023 and 2022,
the Company has assessed the probable loss and made an allowance for expected credit losses of $ and nil on loans receivable, respectively.

NOTE 9 — NOTES RECEIVABLE, NET

On February 24, 2023, the Company entered into
a subscription agreement and a convertible loan note instrument (collectively the “Agreements”) with Investment A. Pursuant
to the Agreements, the Company agrees to subscribe an aggregate amount of $ notes, in batches, which are payable on or before
January 31, 2024 and bears a fixed interest rate of % per annum. The maturity date of the notes receivable is April 30, 2024. As of December
31, 2023, the Company