Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 160

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 160
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 in the foreseeable future. We currently intend to retain earnings, if any, to finance
our growth.

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS OF THE COMPANY</div>

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations is intended to help you understand the results of operations and financial condition of AGBA for the three and nine months ended September 30, 2024 and 2023 and the years ended December 31, 2023 and 2022 (the “Covered Periods”).

Overview

AGBA is a leading one-stop financial supermarket based in Hong Kong
servicing over 400,000 individual and corporate customers. AGBA offers the broadest set of financial services and healthcare products
in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-led ecosystem, enabling clients to unlock the choices that best
suit their needs.

During the Covered Periods, the Company has operated four
major areas of businesses, comprising of:

| 1. | Distribution Business: AGBA’s powerful financial advisor business is the largest in the market, it engages in the personal financial advisory business (including advising and sales of a full range of financial services products including long-term life insurance, savings and mortgages), with additional internal and external channels being developed and added. |

| 2. | Platform Business: AGBA operates as a “financial supermarket” offering over 1,800 financial products to a large universe of retail and corporate customers. |

| 3. | Healthcare Business: Through AGBA’s 4% stake in and a strategic partnership with HCMPS, operating as one of the largest healthcare management organizations in the Hong Kong and Macau region, with over 800 doctors in its network. Established in 1979, it is one of the most reputed healthcare brands in Hong Kong. |

| 4. | Fintech Business: AGBA has an ensemble of leading FinTech assets and businesses in Europe and Hong Kong. In addition to financial gains, AGBA also derives substantial knowledge transfers from its investee companies, supporting the development and growth of AGBA’s new business models. |

Distribution Business

The Distribution Business
comprises a variety of captive financial services distribution channels. We have built a market leading financial advisors distribution
channel in Hong Kong. We have also built other distribution channels alongside our market leading financial advisors