Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 315

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 315
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 licensed insurance brokers to provide agency services. The commissions from insurance providers are
recorded on a gross basis and commission paid to independent contractors or channel costs are recorded as commission expense in the unaudited
condensed consolidated statements of operations and comprehensive loss.

The Company also offers the sale solicitation
of real estate property to the final customers and is compensated in the form of commissions from the corresponding property developers
pursuant to the service contracts. Commission income is recognized at a point of time upon the sale contracts of real estate property
is signed and executed.

<div align='center'>F-12

TRILLER GROUP INC.

(Formerly AGBA Group Holding Limited)

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”),
except for number of shares)</div>

Recurring Asset Management Service Fees

The Company provides asset management services
to investment funds or investment product providers in exchange for recurring asset management service fees. Recurring asset management
service fees are determined based on the types of investment products the Company distributes and are calculated as a fixed percentage
of the fair value of the total investment of the investment products, calculated daily. These customer contracts require the Company to
provide investment management services, which represents a performance obligation that the Company satisfies over time. After the contract
is established, there are no significant judgments made when determining the transaction price. As the Company provides these services
throughout the contract term, for the method of calculating recurring service fees, revenue is calculated on a daily basis over the contract
term, quarterly billed and recognized. Recurring service agreements do not include rights of return, credits or discounts, rebates, price
protection, performance component or other similar privileges and the circumstances under which the fixed percentage fees, before determined,
could be not subject to clawback. Payment of recurring asset management service fees are normally on a regular basis (typically monthly
or quarterly).

Interest Income

The Company offers money lending services from
loan origination in form of mortgage and personal loans. Interest income is recognized monthly in accordance with their contractual terms
and recorded as interest income in the unaudited condensed consolidated statements of operations and comprehensive loss. The Company does
not charge prepayment penalties from its customers. Interest income on mortgage and personal loans is recognized as it accrued using the
effective interest method