Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 176

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 176
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 the three months ended
September 30, 2024, as compared to the net foreign exchange loss for the three months ended September 30, 2023, due to the
continuous strong Sterling exchange rate.

Investment Loss, Net

Investment loss decreased by US$0.8 million,
or 100.00%, for the three months ended September 30, 2024, as compared to the three months ended September 30, 2023, mainly because of
the decrease in unrealized loss in non-marketable equity securities of US$1.0 million, and decrease in dividend income of US$0.2 million.

Change in Fair Value of Warrant Liabilities

We classified the Private Warrants, Warrant –
Class A, and Common Warrants as liabilities at their fair value and adjust them to fair value at each reporting period. These warrant
liabilities are subject to re-measurement of each balance sheet date until exercised. For the three months ended September 30, 2024 and
2023, we recognized the change in fair value in aggregate of $0.6 million and nil in our condensed consolidated statements of operations
and comprehensive loss.

Net Loss

Net loss decreased by US$3.5 million, or
27.10% for the three months ended September 30, 2024, as compared to three months ended September 30, 2023, primarily due to the decrease
in operating expense of US$8.9 million, offset by the decrease in total revenues of US$7.8 million and increase in other income of US$2.3
million.

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Nine months ended September 30, 2024 vs nine months ended September 30, 2023

|                                                          |     | Nine months ended 
 September 30,     
 2024              |         |   |     | 2023 |         |   |     | Variance |         |   |     |   |             |   |
|:---------------------------------------------------------|:----|:------------------|--------:|:--|:----|:-----|--------:|:--|:----|:---------|--------:|:--|:----|:--|------------:|:--|
|                                                          |     | -US$ in thousands |         |   |     |      |         |   |     | $        |         |   |     | % |             |   |
| Re