Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 210

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 210
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 cost, subject to expected credit losses assessment.

Fair value estimates are made at a specific point
in time based on relevant market information about the financial instruments. These estimates are subjective in nature and involve uncertainties
and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect
the estimates.

| ● | Recently Issued Accounting Pronouncements |

As of September 30, 2024, AGBA has implemented
all applicable new accounting standards and updates issued by the Financial Accounting Standards Board (“FASB”) that were
in effect. There were no new standards or updates during the nine months ended September 30, 2024 that had a material impact on the consolidated
financial statements.

Recently Accounting Pronouncements Not Yet Adopted

In November 2023, the FASB amended guidance in
ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.The revised guidance requires
that a public entity disclose significant segment expenses regularly reviewed by the chief operating decision maker (CODM), including
public entities with a single reportable segment. The amended guidance is effective for fiscal years beginning in January 2024 and interim
periods beginning January 2025 on a retrospective basis. Early adoption is permitted. Management is currently evaluating the impact on
AGBA’s consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.The ASU requires the annual financial statements to include consistent
categories and greater disaggregation of information in the rate reconciliation, and income taxes paid disaggregated by jurisdiction.
ASU 2023-09 is effective for AGBA’s annual reporting periods beginning in January 2025. Adoption is either with a prospective method
or a fully retrospective method of transition. Early adoption is permitted. Management is currently evaluating the impact on AGBA’s
consolidated financial statements.

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BUSINESS</div>

Overview

We are a global, artificial intelligence (“AI”)
powered technology platform (“Technology Platform”) that serves a broad constituency of Creators and Brands around
the world. “Creators” include influencers, artists, athletes, other individuals and public figures that utilize or
have utilized our Technology Platform to create and publish content. Numerous famous Creators use our Technology Platform, including influencers
like Charli D’Amelio and Bryce Hall and music artists like