Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 178

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 178
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 $                 | 7,697 |     | $ | 28,196 |     |   | (20,499  | ) |     |   | (72.70 | ) |

<div align='center'>100</div>

The Distribution Business contributed 92.56% and
96.23% of the total commission expense for the nine months ended September 30, 2024 and 2023, respectively. Commission expense for the
Distribution Business decreased by US$20.0 million, or 73.74%, from US$27.1 million in 2023 to US$7.1 million in 2024. As a result of
the decrease in revenue associated with the Distribution Business, commission expense decreased correspondingly.

Sales and Marketing Expense

Sales and Marketing expense decreased by US$2.5
million or 80.61%, from US$3.1 million in 2023 to US$0.6 million in 2024. The decrease in sales and marketing expense is mainly attributed
to lower spending associated with “AGBA” corporate branding and associated product campaigns for celebrating the successful
listing.

Research and Development Expense

Research and development expense decreased by
US$1.3 million or 49.44%, from US$2.7 million in 2023 to US$1.4 million in 2024. The decrease was primarily due to decreased in headcounts.

Personnel and Benefit Expense

|                                       |     | Nine months ended 
 September 30,     |   2024 |     |   |   2023 |     |   | Variance |   |     |   |        |   |
|:--------------------------------------|:----|:------------------|-------:|:----|:--|-------:|:----|:--|---------:|:--|:----|:--|-------:|:--|
|                                       |     | -US$ in thousands |        |     |   |        |     | $ |          |   |     | % |        |   |
| Personnel and benefit                 |     | $                 | 12,987 |     | $ | 18,719 |     |   |   (5,732 | ) |     |   | (30.62 | ) |
| Share-based compensation to employees |     |                   |  5,377 |     |   |  3,953 |     |   |    1,424 |