Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 424

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 424
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 RELATED PARTY BALANCES AND TRANSACTIONS

In support of the Company’s efforts and
cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains
adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support
by the shareholder. Amounts represent advances or amounts paid in satisfaction of liabilities.

| Balance with related parties:       |     |    |     | As of December 31, 
 2023               |           |     | 2022 |           |
|:------------------------------------|:----|:---|:----|:-------------------|----------:|:----|:-----|----------:|
| Accounts receivable                 |     | -a |     | $                  | 1,094,225 |     | $    |   272,546 |
| Borrowings                          |     | -b |     | $                  | 5,000,000 |     | $    |         — |
| Amounts due to the holding company  |     | -c |     | $                  | 2,906,261 |     | $    | 6,289,743 |
| Long-term investment – Investment E |     | -d |     | $                  |   522,531 |     | $    |   522,557 |

| (a) | Accounts receivable due from related parties represented the management service rendered to two individual close-ended investment private funds registered in the Cayman Islands, which is controlled by the holding company.                                                                                                                                                                                                                                                                              |
| (b) | Borrowing is obtained from the Company’s major shareholder of ultimate holding company. The amount was secured, interest-bearing and repayable by the end of March 2024 (see Note 13).                                                                                                                                                                                                                                                                                                                     |
| (c) | Amounts due to the holding company are those nontrade payables arising from transactions between the Company and the holding company, such as advances made by the holding company on behalf of the Company, advances made by the Company on behalf of the holding company, and allocated shared expenses paid by the holding company. During the years ended December 31, 2023 and 2022, amounts due to the holding company of $12.6 million and $6.0 million, respectively, were forgiven (see Note 17). |

| (d) | The                                                                                                                                       
 Company purchased 4% equity interest in Investment E from a related party