Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 421

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 421
---
909,692 | ) |     |      | (5,461,370 | ) |
| Deferred tax assets, net:        |     | $                  |          — |   |     | $    |          — |   |

|                                     |     | For the years ended 
 December 31,        
 2023                |            |   |     | 2022 |            |   |
|:------------------------------------|:----|:--------------------|:-----------|:--|:----|:-----|:-----------|:--|
| Balance as of beginning of the year |     | $                   | (5,461,370 | ) |     | $    | (2,483,436 | ) |
| Additions                           |     |                     | (3,448,322 | ) |     |      | (2,977,934 | ) |
| Balance as of end of the year       |     | $                   | (8,909,692 | ) |     | $    | (5,461,370 | ) |

As of December 31, 2023 and 2022, the operations
incurred $ million and $ million, respectively of cumulative net operating losses, which can be carried forward to offset future
taxable income. Net operating loss can be carried forward indefinitely, but cannot be carried back to prior years. There are no group
relief provisions for losses or transfers of assets under Hong Kong tax regime. Each company within a corporate group is taxed as a separate
entity. The Company has provided for a full valuation allowance against the deferred tax assets on the expected future tax benefits from
the net operating loss carryforwards as the management believes that it is more likely that not all of these assets will be realized in
the future. The valuation allowance is reviewed annually.

Uncertain tax positions

The Company evaluates the uncertain tax position
(including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated
with the tax positions. As of December 31, 2023 and 2022, the Company did not have any significant unrecognized uncertain tax positions.
The Company did not incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31,
2023 and 2022 and also did not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from
December 31, 2023.

<div align='center'>F-82

AGBA