Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 380

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 380
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 liabilities denominated in currencies other than the functional currency are translated into the functional currency
using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations
and comprehensive loss.

<div align='center'>F-54

AGBA GROUP HOLDING LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

The reporting currency of the Company is US$ and
the accompanying consolidated financial statements have been expressed in US$. In addition, the Company and subsidiaries are operating
in Hong Kong maintain their books and record in their local currency, Hong Kong dollars (“HK$”), which is a functional currency
as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes,
assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with the Financial
Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 830-30, Translation of Financial
Statement, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during
the year. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component
of accumulated other comprehensive loss within the statements of changes in shareholders’ equity.

|                                      |     |     | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:-------------------------------------|:----|:----|-------------:|:----|:----|-------------:|
| Year-end HK$:US$ exchange rate       |     |     |       0.1281 |     |     |       0.1281 |
| Annual average HK$:US$ exchange rate |     |     |       0.1277 |     |     |       0.1277 |

| ● | Cash                 
 and Cash Equivalents |

Cash and cash equivalents consist primarily of
cash in readily available checking and saving accounts. They consist of highly liquid investments that are readily convertible to cash
and that mature within three months or less from the date of purchase. The carrying amounts approximate fair value due to the short maturities
of these instruments. The Company maintains most of its bank accounts in Hong Kong and Hong Kong is not protected by Federal Deposit Insurance
Corporation (“FDIC”) insurance. However, management does not believe there is a significant risk of loss.

| ● | Restricted 
 Cash