Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 16

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 16
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 certain mainland China-based businesses. The management of the Company understands that such
enforcement action was taken pursuant to the PRC Anti-Monopoly Law which applies to monopolistic activities in domestic economic activities
in mainland China and monopolistic activities outside mainland China which eliminate or restrict market competition in mainland China.
On February 17, 2023, the China Securities Regulatory Commission, or CSRC, released the Trial Administrative Measures of Overseas
Securities Offering and Listing by Domestic Companies, or the Overseas Listing Trial Measures, which came into effect on March 31,
2023. As a supplement to the Overseas Listing Trial Measures, on February 24, 2023, the CSRC, together with other authorities, jointly
revised the Provisions on Strengthening Confidentiality and Archives Administration for Overseas Securities Offering and Listing, collectively
with the Overseas Listing Trial Measures, the Overseas Listing Regulations, which came into effect on March 31, 2023. The Overseas
Listing Regulations require that a PRC domestic enterprise seeking to issue and list its shares overseas shall complete the filing procedures
with the CSRC, failing which we may be fined between RMB 1 million and RMB 10 million. Such overseas securities issuance and
listing include direct and indirect issuance and listing. Where an enterprise, whose principal business activities are conducted in China,
seeks to issue and list its shares in the name of an overseas entity, such practice is deemed as an indirect overseas issuance and listing
in the meaning of the Overseas Listing Regulations.

While the Company currently does not have any operations
in mainland China, there is no guarantee that the recent statements or regulatory actions by the relevant organs of the PRC government,
including statements relating to the PRC Data Security Law, the PRC Personal Information Protection Law, Overseas Listing Regulations
and VIEs as well as the anti-monopoly enforcement actions, will continue not to apply to the Company. Should such statements or regulatory
actions apply to companies such as the Company or its subsidiaries in the future, it could have a material adverse impact on the business,
financial condition, results of operations, and prospects of the Company, its ability to accept foreign investments, and its
ability to offer or continue to offer securities to investors on a U.S. or other international securities exchange, any of which
may, in turn, cause the value of the Company’s securities to significantly decline or become worthless.

Pursuant to the Basic Law of the Hong Kong
Special