Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 188

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 188
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 growth in the business and platform expansion and the purchase of software system.

Personnel and Benefit Expense

|                                                 |     | Years ended December 31, |   2023 |     |   |   2022 |     |   | Variance |     |   |       |
|:------------------------------------------------|:----|:-------------------------|-------:|:----|:--|-------:|:----|:--|---------:|:----|:--|------:|
|                                                 |     | -US$ in thousands        |        |     |   |        |     | $ |          |     | % |       |
| Personnel and benefit                           |     | $                        | 23,926 |     | $ | 19,839 |     |   |    4,087 |     |   | 20.60 |
| Compensation to employees (share-based related) |     |                          |  3,292 |     |   |  2,089 |     |   |    1,203 |     |   | 57.59 |
| TOTAL                                           |     | $                        | 27,218 |     | $ | 21,928 |     |   |    5,290 |     |   | 24.12 |

<div align='center'>106</div>

Personnel and benefit cost increased by US$4.1
million for the year ended December 31, 2023, as compared to the year ended December 31, 2022. The increase was primarily due to the increased
headcount to support the continuing growth of the Platform Business and Distribution Business.

Share-based compensation for employees increased
by US$1.2 million for the year ended December 31, 2023, as compared to the year ended December 31, 2022. The increase was primarily due
to the settlement of accrued salaries to certain directors and employees of the Company and the amortization of the fair value of the
restricted share units. The fair value of the restricted share units is recognized over the period based on the derived service period
(usually the vesting period), on a straight-line basis.

Legal and Professional Fees

|                                       |     | Years ended December 31, |   2023 |     |   |  2022 |     |   | Variance |     |   |        |
|:--------------------------------------|:----|:-------------------------|-------:|:----|:--