Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 366

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 366
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 the matter or the range of reasonably possible loss, if any.

The Company makes a provision for a liability
relating to legal matters when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated.
These provisions are reviewed at least each fiscal quarter and adjusted to reflect the impacts of negotiations, estimate settlements,
legal rulings, advice of legal counsel and other information and events pertaining to a particular matter. Legal fees are expensed in
the period in which they are incurred.

Sale and Purchase Agreement — Pursuant
to the agreement dated April 5, 2023, entered with Sony Life Singapore Pte. Ltd. (“SLS”), an independent third party, the
Company is committed to purchase % equity interest in Sony Life Financial Advisers Pte. Ltd. for a cash consideration of SGD2,500,000
(equivalent to $). On December 28, 2023, the Company and SLS entered into a second supplementary agreement to extend the closing
date of the transaction from December 31, 2023 to March 31, 2024. On March 29, 2024, the Company and SLS entered into a third supplementary
agreement to extend the closing date of the transaction from March 31, 2024 to May 9, 2024. Pursuant to the third supplementary agreement,
the Company paid SGD250,000 (equivalent to $) to SLS as the partial payment to cash consideration on April 12, 2024. On May 9,
2024, the Company and SLS entered into a fourth supplementary agreement to extend the closing date of the transaction from May 9, 2024
to May 20, 2024. On June 18, 2024, the Company and SLS entered into a fifth supplementary agreement to extend the closing date of the
transaction from May 20, 2024 to July 31, 2024. Pursuant to the fifth supplementary agreement, the Company paid an aggregate of SGD150,000
(equivalent to $) as the extension fee and indemnification fee in July 2024. On September 25, 2024, the Company and SLS entered
into a sixth supplementary agreement to extend the closing date of the transaction from July 31, 2024 to October 31, 2024. Up to the date
of the unaudited condensed consolidated financial statements available to be issued, further extension on