Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 203

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 203
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 to be in excess of 2023. As of September 30, 2024, we had an accumulated
deficit of US$94.5 million. Our material cash requirements are highly dependent upon additional financial support associated with our
its business operations for the next 12 – 18 months.

Capital Commitments

Sale and Purchase Agreement — Pursuant
to the agreement dated April 5, 2023, entered with Sony Life Singapore Pte. Ltd. (“SLS”), an independent third party, the
Company is committed to purchase 100% equity interest in Sony Life Financial Advisers Pte. Ltd. for a cash consideration of SGD2,500,000
(equivalent to $1,882,000). On December 28, 2023, the Company and SLS entered into a second supplementary agreement to extend the closing
date of the transaction from December 31, 2023 to March 31, 2024. On March 29, 2024, the Company and SLS entered into a third supplementary
agreement to extend the closing date of the transaction from March 31, 2024 to May 9, 2024. Pursuant to the third supplementary agreement,
the Company paid SGD250,000 (equivalent to $188,200) to SLS as the partial payment to cash consideration on April 12, 2024. On May 9,
2024, the Company and SLS entered into a fourth supplementary agreement to extend the closing date of the transaction from May 9, 2024
to May 20, 2024. On June 18, 2024, the Company and SLS entered into a fifth supplementary agreement to extend the closing date of the
transaction from May 20, 2024 to July 31, 2024. Pursuant to the fifth supplementary agreement, the Company paid an aggregate of SGD150,000
(equivalent to $112,920) as the extension fee and indemnification fee in July 2024. On September 25, 2024, the Company and SLS entered
into a sixth supplementary agreement to extend the closing date of the transaction from July 31, 2024 to October 31, 2024. Up to the date
of the unaudited condensed consolidated financial statements available to be issued, further extension on the closing date of the transaction
is under negotiation between SLS and the Company.

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