Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 309

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 309
---
 charge-offs.

Loans are placed on nonaccrual status when they
are past due 180 days or more as to contractual obligations or when other circumstances indicate that collection is not probable. When
a loan is placed on nonaccrual status, any interest accrued but not received is reversed against interest income. Payments received on
a nonaccrual loan are either applied to protective advances, the outstanding principal balance or recorded as interest income, depending
on an assessment of the ability to collect the loan. A nonaccrual loan may be restored to accrual status when principal and interest payments
have been brought current and the loan has performed in accordance with its contractual terms for a reasonable period (generally six months).

If the Company determines that a loan is impaired,
the Company next determines the amount of the impairment. The amount of impairment on collateral dependent loans is charged off within
the given fiscal quarter. Generally, the amount of the loan and negative escrow in excess of the appraised value less estimated selling
costs, for the fair value of collateral valuation method, is charged off. For all other loans, impairment is measured as described below
in “Allowance for Expected Credit Losses on Financial Instruments”.

| ● | Allowance                                           
 for Expected Credit Losses on Financial Instruments |

In accordance with ASC Topic 326, “Credit Losses – Measurement of Credit Losses on Financial Instruments” (ASC 326), the Company utilizes the current expected credit
losses (“CECL”) model to determine an allowance that reflects its best estimate of the expected credit losses on accounts
receivable, loans receivable, notes receivable, and deposits and others receivable which is recorded as a liability to offset the receivables.
The CECL model is prepared after considering historical experience, current conditions, and reasonable and supportable economic forecasts
to estimate expected credit losses. Accounts receivable, loans receivable, notes receivable, and deposits and others receivable are written
off when deemed uncollectible. Recoveries of receivables previously written off are recorded as a reduction of bad debt expense.

For the three months ended September 30, 2024
and 2023, the aggregated provision for allowance for expected credit losses on accounts receivable, loans receivable, notes receivable,
and other receivables was $ and $, respectively.

For the nine months ended September 30, 2024 and
2023, the aggregated provision for allowance for expected credit losses on accounts receivable,