Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 334

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 334
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Mortgage loans are made to either business or
individual customers in Hong Kong for a period of to years, which are fully collateralized and closely monitored for counterparty
creditworthiness, with such collateral having a fair value in excess of the carrying amount of the loans as of September 30, 2024 and
December 31, 2023.

Estimated allowance for expected credit losses
is determined on quarterly basis, in accordance with the CECL model, for general credit risk of the overall portfolio, which is relied
on an assessment of specific evidence indicating doubtful collection, historical loss experience, loan balance aging and prevailing economic
conditions. If there is an unexpected deterioration of a customer’s financial condition or an unexpected change in economic conditions,
including macroeconomic events, the Company will assess the need to adjust the allowance for expected credit losses. Any such resulting
adjustments would affect earnings in the period that adjustments are made.

For the three and nine months ended September 30, 2024, the Company
has evaluated the probable losses on loans receivable and made a provision for allowance for expected credit losses of $ and $,
respectively.

For the three and nine months ended September
30, 2023, the Company has evaluated the probable losses on loans receivable and made a provision for allowance for expected credit losses
of $ and $, respectively.

NOTE 9 — NOTES RECEIVABLE, NET

On February 24, 2023, the Company entered into
a subscription agreement and a convertible loan note instrument (collectively the “Agreements”) with Investment A. Pursuant
to the Agreements, the Company agrees to subscribe an aggregate amount of $ notes, in batches, which are payable on or before
January 31, 2024 and bears a fixed interest rate of % per annum. On April 30, 2024, the Company entered into a purchase and sale agreement
with an independent third party to sell all its convertible loan notes on Investment A for a purchase price of $. The transaction
was completed on April 30, 2024. For the three and nine months ended September 30, 2024, the Company has evaluated the probable losses
on notes receivable and made a provision for allowance for expected credit losses of nil and $, respectively.

<div align='center'>F-24

TRILLER GROUP INC.

(Formerly AGBA Group Holding Limited)

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS