Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 428

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 428
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Cash equivalents are maintained with high credit quality institutions, the composition and maturities of which are regularly monitored
by management. The Hong Kong Deposit Protection Board pays compensation up to a limit of HK$ (approximately $) if the bank
with which an individual/a company hold its eligible deposit fails. As of December 31, 2023, cash and cash equivalents of $ million
and fund held in escrow of $ million were maintained at financial institutions in Hong Kong, of which approximately $ million
was subject to credit risk. While management believes that these financial institutions are of high credit quality, it also continually
monitors their credit worthiness.

For accounts receivable, loans receivable, and
notes receivable, the Company determines, on a continuing basis, the probable losses and sets up an allowance for expected credit losses
based on the estimated realizable value. Credit of money lending business is controlled by the application of credit approvals, limits
and monitoring procedures.

<div align='center'>F-87

AGBA GROUP HOLDING LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

The Company uses internally-assigned risk grades
to estimate the capability of borrowers to repay the contractual obligations of their loan agreements as scheduled or at all. The Company’s
internal risk grade system is based on experiences with similarly graded loans and the assessment of borrower credit quality, such as,
credit risk scores, collateral and collection history. Individual credit scores are assessed by credit bureau, such as TransUnion. Internal
risk grade ratings reflect the credit quality of the borrower, as well as the value of collateral held as security. To minimize credit
risk, the Company requires collateral arrangements to all mortgage loans and has policies and procedures for validating the reasonableness
of the collateral valuations on a regular basis. Management believes that these policies effectively manage the credit risk from advances.

|            |     | As of December 31, |      |   |     |      |      |   |
|            |     |               2023 |      |   |     | 2022 |      |   |
| Customer E |     |                    | 37.3 | % |     |      | 37.4 | % |
| Customer F |     |                    | 30.9 | % |     |      | 31.6 | % |
| Customer G |     |                    | 31.8 | % |     |      | 31.0 | % |

| (c