Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 338

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 338
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INE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”),
except for number of shares)</div>

NOTE 11 — BORROWINGS

|                                      |     | As of | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:-------------------------------------|:----|:------|--------------:|:----|:--|-------------:|
| Mortgage borrowings                  |     | $     |     1,066,160 |     | $ |    1,804,950 |
| Short-term borrowings, related party |     |       |     5,000,000 |     |   |    5,000,000 |
| Total                                |     | $     |     6,066,160 |     | $ |    6,804,950 |

Mortgage Borrowings

In February 2023, the Company obtained a mortgage
loan of $ (equivalent to HK$) from a finance company in Hong Kong, which bears an average interest rate at % per
annum and becomes repayable in February 2024. The loan was pledged by a fixed charge on an office premises owned by the Company. As of
September 30, 2024, the carrying value of the loan is $. On October 31, 2024, the Company entered into a preliminary sales and
purchase agreement with an independent third party to sell the office premises with a cash consideration of approximately $ million.
The transaction will be completed in February 2025.

In July 2024, the Company partially settled $,
including $ interest expense (equivalent to principal and interest of HK$ and HK$, respectively). The remaining
principal and accrued interest is expected to settle in November 2024.

Short-term Borrowings

In September 2023, the Company obtained a short-term
borrowing of $ from the Company’s major stockholder’s ultimate holding company, which bears interest at a fixed rate
of % per annum, repayable in October 2023. The borrowing is secured by a lien on the partial equity interest in Investment D owned
by the Company. The Company entered into certain supplementary agreements to renew and extend the maturity to the end of November 2024.

NOTE 12 — OPERATING LEASES

The Company has entered into commercial operating lease with an independent
third party for the