Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 208

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 208
---
 to transferring it. Control
is demonstrated by AGBA which is primarily responsible for fulfilling the provision of placement services through AGBA’s licensed
insurance brokers to provide agency services. The commissions from insurance providers are recorded on a gross basis and commission paid
to independent contractors or channel costs are recorded as commission expense in the consolidated statements of operations and comprehensive
loss.

AGBA also offers the sale solicitation of real
estate property to the final customers and is compensated in the form of commissions from the corresponding property developers pursuant
to the service contracts. Commission income is recognized at a point of time upon the sale contracts of real estate property is signed
and executed.

Recurring Asset Management Service Fees

AGBA provides asset management services to investment
funds or investment product providers in exchange for recurring asset management service fees. Recurring asset management service fees
are determined based on the types of investment products AGBA distributes and are calculated as a fixed percentage of the fair value of
the total investment of the investment products, calculated daily. These customer contracts require AGBA to provide investment management
services, which represents a performance obligation that AGBA satisfies over time. After the contract is established, there are no significant
judgments made when determining the transaction price. As AGBA provides these services throughout the contract term, for the method of
calculating recurring asset management service fees, revenue is calculated on a daily basis over the contract term, quarterly billed and
recognized. Recurring service agreements do not include rights of return, credits or discounts, rebates, price protection, performance
component or other similar privileges and the circumstances under which the fixed percentage fees, before determined, could be not subject
to clawback. Payment of recurring asset management service fees are normally on a regular basis (typically monthly or quarterly).

Interest Income

AGBA offers money lending services from loan origination
in form of mortgage and personal loans. Interest income is recognized monthly in accordance with their contractual terms and recorded
as interest income in the consolidated statement of operations. AGBA does not charge prepayment penalties from its customers. Interest
income on mortgage and personal loans is recognized as it accrued using the effective interest method. Accrual of interest income on mortgage
loans is suspended at the earlier of the time at which collection of an account becomes doubtful or the account becomes 180 days delinquent.

<div align='center'>117</div>

| ● | Share-Based Compensation |

AGBA accounts for share-based compensation in
accordance