Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 5

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 5
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businesses, the Company could become subject to data security and privacy obligations, including the need to conduct a national security
review of data activities that may affect the national security of the PRC, and could be prohibited from providing data stored in Hong
Kong to foreign judicial or law enforcement agencies without approval from relevant PRC regulatory authorities. Compliance with such or
similar requirements could have a chilling effect on the business, financial condition and results of operations of the Company Therefore,
without relying on a PRC counsel, the management of the Company believes that it and/or its subsidiaries are not required to obtain from
Chinese authorities, including the CSRC and the Cyberspace Administration of China, to operate their business and to offer the securities
being registered to foreign investors.

The Holding Foreign Companies Accountable Act,
or the HFCA Act, was enacted into U.S. law on December 18, 2020. The HFCA Act states that if the SEC determines that a company has filed
audit reports issued by a registered public accounting firm that has not been subject to inspection by the Public Company Accounting Oversight
Board of the United States (the “PCAOB”) for three consecutive years beginning in 2021 (which in 2022 was reduced to
two consecutive years by AHFCAA as further described below), the SEC shall prohibit its securities from being traded on a national securities
exchange or in the over-the-counter trading market in the U.S. On December 16, 2021, the United States Public Company Accounting Oversight
Board, or PCAOB, issued a Determination Report which found that the PCAOB is unable to inspect or investigate completely registered public
accounting firms headquartered in: (i) China, and (ii) Hong Kong. Our auditor, WWC, P.C., headquartered in California, U.S.A., is an independent
registered public accounting firm with the PCAOB and has been inspected by the PCAOB on a regular basis. The PCAOB currently has access
to inspect the working papers of our auditor. Our auditor is not headquartered in China or Hong Kong and was not identified in this report
as a firm subject to the PCAOB’s determination. On December 15, 2022, the PCAOB announced that it was able to secure complete access
to inspect and investigate PCAOB-registered public accounting firms headquartered in mainland China and Hong Kong in 2022, and the PCAOB
Board vacated its previous determinations that the PCAOB was unable to inspect or investigate completely