Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 430

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 430
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 of the matter or the range of reasonably possible loss, if any.

Action Case: HCA765/2019 On April 30, 2019,
the writ of summons was issued against the Company’s subsidiary, three related companies and the former directors, shareholders
and financial consultant by the Plaintiff. This action alleged deceit and misrepresentation from an inducement of the fund subscription
and claimed for compensatory damage of approximately $ million (equal to HK$ million). The case is on-going and parties have yet
to attempt mediation. Legal counsel of the Company continues to handle this matter. At this stage in the proceedings, the Company is unable
to determine the probability of the outcome of the matter or the range of reasonably possible loss, if any.

Action Case: HCA2097 and 2098/2020 On December
15, 2020, the writs of summons were issued against the Company and the former consultant by the Plaintiff. This action alleged the misrepresentation
and conspiracy causing the loss from the investment in corporate bond and claimed for compensatory damage of approximately $ million
(equal to HK$ million). The Company previously made $ million as contingency loss for the year ended December 31, 2021. Parties
participated in a mediation held on March 25, 2022 and negotiated for settlement through without prejudice correspondence, no settlement
was reached. The case is on-going and legal counsel of the Company will continue to handle this matter. At this stage in the proceedings,
the Company is unable to determine the probability of the outcome of the matter or the range of reasonable possible loss, if any.

Action Case: HCA1957/2023 On December 15,
2023, the Company received an order from the High Court of the Hong Kong Special Administrative Region, demanding the Company to pay and
settle the outstanding rent/mesne profit, management fees, air-conditioning charges, additional air-conditioning charges, government rates
and interest in an aggregated amount of $ (equivalent to HK$) to the landlord of the office premises in four instalments
scheduled from January 15, 2024 to March 31, 2024 together with legal costs of $ (equivalent to HK$).

The Company makes a provision for the liability
relating to legal matters when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated.
These provisions are reviewed at least each fiscal quarter and adjusted to reflect the impacts of negotiations,