Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 202

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 202
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For the nine months ended September 30, 2024, we reported a net loss
of approximately US$28.8 million. With a significant decrease in our revenues, described in the paragraph below, we had an accumulated
deficit of approximately US$94.5 million as of September 30, 2024.

Coupled with the economic recession in Hong Kong,
we reported a sales decline with total revenue of approximately US$18.1 million for the nine months ended September 30, 2024 (nine months
ended September 30, 2023: US$41.7 million) and resulting with an operating loss of approximately US$25.8 million (nine months ended September
30, 2023: US$36.3 million). We expect to continue our business growth, while closely monitoring our future spending.

Our ability to continue as a going concern is
dependent on the management’s ability to successfully implement its plans. Our management team believes that we will be able to
continue to grow our revenue base and control our expenditures. In parallel, our management team will continually monitor our capital
structure and operating plans and evaluate various potential funding alternatives that may be needed in order to finance our business
development activities, general and administrative expenses and growth strategy.

We intend to raise additional capital through
various debt and equity offerings, but there can be no assurance that these funds will be available on terms acceptable, or will be sufficient
to enable us to fully complete its development activities or sustain operations. If we are unable to raise sufficient additional funds,
we will have to develop and implement a plan to further extend payables, reduce overhead, or scale back our current business plan until
sufficient additional capital is raised to support further operations. There can be no assurance that such a plan will be successful.

Material Cash Requirements

We reported a net loss during the nine months ended September 30, 2024.
However, we expect to generate profitable operating results within the foreseeable future, after a full recovery from the anti-pandemic
policy in Hong Kong and getting access to the collective sales capabilities force of the sale channels associated with our distribution
business. Our management expects sales volumes to return to levels previously recorded at the predecessor company prior to the pandemic,
especially with the re-opening of the Mainland border and the ongoing integration of Hong Kong into the Greater Bay area. As a
result, management expects our net cash position to expand in 2024 and