Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 410

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 410
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 the Company
sold one of its office premises to an independent third party for a consideration of $ million and a gain on disposal of $
was recognized. The office premise was pledged for a mortgage loan (see Note 13).

NOTE 13 — BORROWINGS

|                                      |     | As of December 31, |      2023 |     |   |      2022 |
|:-------------------------------------|:----|:-------------------|----------:|:----|:--|----------:|
| Mortgage borrowings                  |     | $                  | 1,804,950 |     | $ | 4,477,254 |
| Short-term borrowings, related party |     |                    | 5,000,000 |     |   |         — |
| Total                                |     | $                  | 6,804,950 |     | $ | 4,477,254 |

Mortgage Borrowings

In September 2022, the Company obtained a mortgage
loan of $ (equivalent to HK$) from a finance company in Hong Kong, which bears interest at a fixed rate of % per
annum, was repayable in October 2023. The loan was pledged by a fixed charge on an office premises owned by the Company. In October 2023,
the loan was fully settled with the completion of the sale of the office premises (see Note 12).

In February 2023, the Company obtained a mortgage
loan of $ (equivalent to HK$) from a finance company in Hong Kong, which bears an average interest rate at % per
annum and becomes repayable in February 2024. The loan was pledged by a fixed charge on an office premises owned by the Company.

Short-term Borrowings

In September 2023, the Company obtained
a short-term borrowing of $ from the Company’s major shareholder’s ultimate holding company, which bears interest
at a fixed rate of % per annum, repayable in October 2023. The borrowing is secured by a lien on the partial equity interest in Investment
D owned by the Company. In October 2023, November 2023, December 2023 and February 2024, the Company entered into certain supplementary
agreements to renew and extend the maturity to November 2023, December 2023, January 2024 and March 2024, respectively.

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AGBA GROUP HOLDING LIMITED

NOTES TO THE