Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 185

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 185
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 compared to the corresponding year ended December 31, 2022:

|                       |     | Years ended December 31, |   2023 |     |   |   2022 |     |   | Variance |   |     |   |        |   |
|:----------------------|:----|:-------------------------|-------:|:----|:--|-------:|:----|:--|---------:|:--|:----|:--|-------:|:--|
|                       |     | -US$ in thousands        |        |     |   |        |     | $ |          |   |     | % |        |   |
| Business segment      |     |                          |        |     |   |        |     |   |          |   |     |   |        |   |
| Distribution Business |     | $                        | 48,887 |     | $ | 24,610 |     |   |   24,277 |   |     |   |  98.65 |   |
| Platform Business     |     |                          |  5,302 |     |   |  6,470 |     |   |   (1,168 | ) |     |   | (18.05 | ) |
| Fintech Business      |     |                          |      — |     |   |      — |     |   |        — |   |     |   |      — |   |
| Healthcare Business   |     |                          |      — |     |   |      — |     |   |        — |   |     |   |      — |   |
| TOTAL                 |     | $                        | 54,189 |     | $ | 31,080 |     |   |   23,109 |   |     |   |  74.35 |   |

Distribution Business

The Distribution Business contributed 90.22% and
79.18% of the total revenue for the years ended December 31, 2023 and 2022, respectively. Income from the Distribution Business mainly
related to commissions earned, which significantly increased by US$24.3 million, or 98.65%, from US$24.6 million in 2022 to US$48.9 million
in 2023. The largest segment of the Distribution Business is our FA Business, operated under the “Focus” brand name.

Summarized revenue breakdown by