Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 420

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 420
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 | $ | 118,073 |
| Deferred tax       |     |                     | (45,737 | ) |     |   |   6,532 |
| Income tax expense |     | $                   | 286,538 |   |     | $ | 124,605 |

The effective tax rate in the periods presented
is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company’s
subsidiaries mainly operate in Hong Kong that are subject to taxes in the jurisdictions in which they operate, as follows:

British Virgin Islands

The Company is incorporated in the British Virgin
Islands and is not subject to taxation. In addition, upon payments of dividends by these entities to their shareholder, no British Virgin
Islands withholding tax will be imposed.

Hong Kong

The Company’s subsidiaries operating in
Hong Kong are subject to the Hong Kong Profits Tax at the income tax rates ranging from % to % on the assessable income arising
in Hong Kong during its tax year.

For the years ended December 31, 2023 and 2022,
Hong Kong profits tax is calculated in accordance with the two-tiered profits tax rates regime. The applicable tax rate for the first
HK$ million of assessable profits is % and assessable profits above HK$ million will continue to be subject to the rate of %
for corporations in Hong Kong, effective from the year of assessment 2018/2019.

<div align='center'>F-81

AGBA GROUP HOLDING LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

|                                      |     | For the years ended 
 December 31,        |        2023 |   |     |   |        2022 |   |
|:-------------------------------------|:----|:--------------------|------------:|:--|:----|:--|------------:|:--|
| Loss before income taxes             |     | $                   | (48,919,481 | ) |     | $ | (44,396,030 | ) |
| Statutory income tax rate            |     |                     |        16.5 | % |     |   |        16.5 | % |
| Income tax expense at statutory rate |     |                     |  (8,071,714 | ) |     |   |  (7,325,345 | ) |
| Income not subject to taxes          |     |                     |  (