Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 31

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 31
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, that the PCAOB be permitted to inspect the issuer’s public accounting firm within two years, would subject ILLR to consequences including the delisting of ILLR in the future if the PCAOB is unable to inspect ILLR’s accounting firm (whether WWC, P.C. or another firm) at such future time.

On December 23, 2022, the Accelerating Holding
Foreign Companies Accountable Act (“AHFCAA”) was enacted, which amended the HFCA Act by requiring the SEC to prohibit
an issuer’s securities from trading on any U.S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive
years instead of three. On December 29, 2022, a legislation entitled “Consolidated Appropriations Act, 2023” (the “Consolidated Appropriations Act”), was signed into law by President Biden. The Consolidated Appropriations Act contained, among other things,
an identical provision to AHFCAA, which reduces the number of consecutive non-inspection years required for triggering the prohibitions
under the Holding Foreign Companies Accountable Act from three years to two. Whether the PCAOB will continue to be able to satisfactorily
conduct inspections of PCAOB-registered public accounting firms headquartered in mainland China and Hong Kong is subject to uncertainty
and depends on a number of factors out of our, and our auditor’s, control. The PCAOB is continuing to demand complete access in
mainland China and Hong Kong moving forward and is already making plans to resume regular inspections in early 2023 and beyond, as well
as to continue pursuing ongoing investigations and initiate new investigations as needed. The PCAOB has indicated that it will act immediately
to consider the need to issue new determinations with the HFCA Act if needed, without having to wait another year to reassess its determinations.
In the future, if there is any regulatory change or step taken by PRC regulators that does not permit our auditor to provide audit documentations
located in China or Hong Kong to the PCAOB for inspection or investigation, or the PCAOB expands the scope of the determination so that
we are subject to the HFCA Act, as the same may be amended, you may be deprived of the benefits of such inspection which could result
in limitation or restriction to our access to the U.S. capital markets and trading of our securities, including trading on the national
exchange and trading on “over-the-counter” markets, may be prohibited under the HFCA Act