Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 171

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 171
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 and amortization of the debt discount on convertible notes payable.

Commission Expense

|                       |     | Three months ended 
 September 30,      |  2024 |     |   |  2023 |     |   | Variance |   |     |   |        |   |
|:----------------------|:----|:-------------------|------:|:----|:--|------:|:----|:--|:---------|:--|:----|:--|:-------|:--|
|                       |     | -US$ in thousands  |       |     |   |       |     | $ |          |   |     | % |        |   |
| Business segment      |     |                    |       |     |   |       |     |   |          |   |     |   |        |   |
| Distribution Business |     | $                  | 1,843 |     | $ | 8,593 |     |   | (6,750   | ) |     |   | (78.55 | ) |
| Platform Business     |     |                    |    91 |     |   |   323 |     |   | (232     | ) |     |   | (71.83 | ) |
| Fintech Business      |     |                    |     — |     |   |     — |     |   | —        |   |     |   | —      |   |
| Healthcare Business   |     |                    |     — |     |   |     — |     |   | —        |   |     |   | —      |   |
| TOTAL                 |     | $                  | 1,934 |     | $ | 8,916 |     |   | (6,982   | ) |     |   | (78.31 | ) |

The Distribution Business contributed 95.29%
and 96.38% of the total commission expense for the three months ended September 30, 2024 and 2023, respectively. Commission expense for
the Distribution Business decreased by US$6.8 million, or 78.55%, from US$8.6 million in 2023 to US$1.8 million in 2024.
As a result of the decrease in revenue associated with the Distribution Business, commission expense decreased correspondingly.

Sales and Marketing Expense

Sales and marketing expense decreased by US$0.7
million or