Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 26

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 26
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laws of the PRC shall not be applied in Hong Kong except for those listed in Annex III of the Basic Law and applied locally
by promulgation or local legislation. The Basic Law expressly provides that the national laws of the PRC which may be listed in Annex III
of the Basic Law shall be confined to those relating to defense and foreign affairs as well as other matters outside the autonomy of Hong Kong.
While the National People’s Congress of the PRC has the power to amend the Basic Law, the Basic Law also expressly provides that
no amendment to the Basic Law shall contravene the established basic policies of the PRC regarding Hong Kong. As a result, national
laws of the PRC not listed in Annex III of the Basic Law do not apply to Hong Kong-based businesses.

However, the laws and regulations in the PRC are evolving, and their enactment timetable, interpretation, and implementation involve significant uncertainties. To the extent that any PRC laws and regulations become applicable to the Company, the Company may be subject to the risks and uncertainties associated with the evolving laws and regulations of the PRC, their interpretation and implementation, and the legal and regulatory system in the PRC more generally, including with respect to the enforcement of laws and the possibility of changes of rules and regulations with little or no advance notice. If certain PRC laws and regulations, including existing laws and regulations and those enacted or promulgated in the future, were to become applicable to companies such as the Company or its subsidiaries in the future, the application of such laws and regulations may have a material adverse impact on the business, financial condition, results of operations, and prospects of the Company and its ability to offer securities to investors, any of which may, in turn, cause the value of ILLR’s securities to significantly decline or become worthless.

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Relevant organs of the PRC government have made
recent statements or recently taken regulatory actions related to data security, anti-monopoly, and overseas listings of mainland China
businesses. For example, in addition to the PRC Data Security Law and the Measures for Cybersecurity Review issued by the Cyberspace Administration
of China which became effective on February 15, 2022 (the “Measures”), relevant PRC government agencies have recently
taken anti-trust enforcement action against certain mainland China-based businesses. The management of ILLR understands that
such enforcement action was taken pursuant to the PRC Anti-Monopoly Law which applies to monopolistic