Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 129

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 129
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 privacy of children’s
personal data collected online is also becoming increasingly scrutinized both in the United States and internationally. For example, the
United Kingdom’s Age Appropriate Design Code (“AADC”) and incoming Online Safety Bill, focuses on online safety
and protection of children’s privacy online. A similar law, the California’s Age-Appropriate Design Code Act (“CAADCA”)
was signed into law in California and goes into effect on July 1, 2024. The CAADCA implements into law certain principles taken from the
AADC, among other things, and imposes substantial new obligations upon companies. Passage of the CAADCA and similar laws may further complicate
compliance efforts and may increase legal risk and compliance costs for Triller and Triller’s third party partners. In the U.S.,
Triller may have obligations on the federal level under the Children’s Online Privacy Protection Act (“COPPA”).
Despite Triller’s efforts, no assurances can be given that the measures Triller has taken to address COPPA requirements will be
sufficient to completely avoid allegations of COPPA violations, any of which could expose Triller to significant liability, penalties,
reputational harm and loss of revenue, among other things. Additionally, new laws and regulations are being considered in various jurisdictions
to require the monitoring of user content or the verification of users’ identities and age such as a comprehensive new measure just
signed into law in Utah.

In addition, many foreign
jurisdictions in which Triller does business, including the European Union and other jurisdictions have laws and regulations dealing with
the collection and use of personal data obtained from their residents, which are more restrictive in certain respects than those in the
U.S. Laws and regulations in these jurisdictions apply broadly to the collection, use, storage, disclosure and security of personal data
that identifies or may be used to identify an individual. Triller may be required to modify its policies, procedures, and data processing
measures in order to address requirements under these or other privacy, data protection, or cyber security regimes, and may face claims,
litigation, investigations, or other proceedings regarding them and may incur related liabilities, expenses, costs, and operational losses.

Within the European Union,
legislators adopted the EU GDPR, which became effective in May 2018, and which imposes heightened obligations and risk upon Triller’s
business and which may substantially increase the penalties to which Triller could be subject in the event of any non-compliance. Under