Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 186

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 186
---
610 |     |   |   24,277 |   |     |   |  98.65 |   |

<div align='center'>105</div>

Platform Business

The Platform Business contributed 9.78% and 20.82%
of the total revenue for the years ended December 31, 2023 and 2022, respectively.

|                                         |     | Years ended December 31, |  2023 |     |   |  2022 |     |   | Variance |   |     |   |        |   |
|:----------------------------------------|:----|:-------------------------|------:|:----|:--|------:|:----|:--|:---------|:--|:----|:--|:-------|:--|
|                                         |     | -US$ in thousands        |       |     |   |       |     | $ |          |   |     | % |        |   |
| Commissions                             |     | $                        | 1,182 |     | $ | 1,951 |     |   | (769     | ) |     |   | (39.42 | ) |
| Recurring asset management service fees |     |                          | 3,963 |     |   | 4,343 |     |   | (380     | ) |     |   | (8.75  | ) |
| Loans                                   |     |                          |   157 |     |   |   176 |     |   | (19      | ) |     |   | (10.80 | ) |
| TOTAL                                   |     | $                        | 5,302 |     | $ | 6,470 |     |   | (1,168   | ) |     |   | (18.05 | ) |

Operating Expenses

Interest Expense

Interest expense increased by US$0.6 million for
the year ended December 31, 2023, as compared to the year ended December 31, 2022. The increase was mainly attributed to the increase
in short-term borrowings during the year.

Commission Expense

|                       |     | Years ended December 31, |   2023 |     |   |   2022 |     |   | Variance |   |     |   |        |   |
|:----------------------|:----|:-------------------------|-------:|:----|:--|-------: