Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 172

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 172
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87.67% for the three months ended September 30, 2024, as compared to the three months ended September 30, 2023. The decrease
in sales and marketing expense is mainly attributed to lower spending associated with “AGBA” corporate branding and associated
product campaigns for celebrating the successful listing.

Research and Development Expense

Research and development expense decreased by
US$0.3 million or 45.88% for the three months ended September 30, 2024, as compared to the three months ended September 30, 2023. The
slight decrease was primarily due to decreased in headcounts.

Personnel and Benefit Expense

|                                       |     | Three months ended 
 September 30,      |  2024 |     |   |  2023 |     |   | Variance |   |     |   |        |   |
|:--------------------------------------|:----|:-------------------|------:|:----|:--|------:|:----|:--|---------:|:--|:----|:--|-------:|:--|
|                                       |     | -US$ in thousands  |       |     |   |       |     | $ |          |   |     | % |        |   |
| Personnel and benefit                 |     | $                  | 3,517 |     | $ | 6,446 |     |   |   (2,929 | ) |     |   | (45.44 | ) |
| Share-based compensation to employees |     |                    | 3,310 |     |   | 1,318 |     |   |    1,992 |   |     |   | 151.14 |   |
| TOTAL                                 |     | $                  | 6,827 |     | $ | 7,764 |     |   |     (937 | ) |     |   | (12.07 | ) |

<div align='center'>96</div>

Personnel and benefit cost decreased by US$1.0
million for the three months ended September 30, 2024, as compared to the three months ended September 30, 2023. The decrease was primarily
attributable to the reduction of headcounts during the period.

Share-based compensation for employees increased
by US$2.0 million for the three months ended September 30, 2024, as compared to the three months ended September 30