Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 187

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 187
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|:----|:--|---------:|:--|:----|:--|-------:|:--|
|                       |     | -US$ in thousands        |        |     |   |        |     | $ |          |   |     | % |        |   |
| Distribution Business |     | $                        | 35,885 |     | $ | 16,840 |     |   |   19,045 |   |     |   | 113.09 |   |
| Platform Business     |     |                          |  1,403 |     |   |  1,983 |     |   |     (580 | ) |     |   | (29.25 | ) |
| Fintech Business      |     |                          |      — |     |   |      — |     |   |        — |   |     |   |      — |   |
| Healthcare Business   |     |                          |      — |     |   |      — |     |   |        — |   |     |   |      — |   |
| TOTAL                 |     | $                        | 37,288 |     | $ | 18,823 |     |   |   18,465 |   |     |   |  98.10 |   |

The Distribution Business contributed 96.24% and
89.47% of the total commission expense for the years ended December 31, 2023 and 2022, respectively. Commission expense for the Distribution
Business increased by US$19.0 million, or 113.09%, from US$16.8 million in 2022 to US$35.9 million in 2023. As a result
of the increase in revenue associated with the Distribution Business, commission expense significantly increased.

Sales and Marketing Expense

Sales and marketing expense decreased by US$7.4
million for the year ended December 31, 2023, as compared to the year ended December 31, 2022. 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 in last year.

Technology Expense

Technology expense increased by US$3.3 million
for the year ended December 31, 2023, as compared to the year ended December 31, 2022. The increase was primarily due to increased headcount
to support anticipated