Core Insights - Triller Group Inc. has relocated its Hong Kong office to a new space called The Foyer, aimed at fostering innovation and teamwork as the company moves towards profitability in 2026 [1][2] Group 1: Office Relocation - The new office spans two expansive floors, designed to create an open and vibrant environment for collaboration and efficiency [2][4] - The relocation is seen as a launchpad for the company's next growth phase, reinforcing its hybrid culture and enhancing team dynamics [4] Group 2: Business Strategy - Triller's OnePlatform serves as a comprehensive financial business solution, offering over 2,000 products and services to financial advisors and institutions [3] - The platform includes integrated operational and compliance support, aimed at boosting productivity and market competitiveness [3] Group 3: Company Overview - Triller Group Inc. operates in technology and media, with a focus on innovative solutions in the financial services sector [6][7] - AGBA Group, a partner of Triller, provides machine-learning-driven consumer finance and healthcare solutions to over 400,000 clients in Asia [7]

Core Insights - Triller Group Inc. has relocated its Hong Kong office to a new space called The Foyer, aimed at fostering innovation and teamwork as the company moves towards profitability in 2026 [1][2] Group 1: Office Relocation - The new office spans two expansive floors, designed to create an open and vibrant environment for collaboration and efficiency [2][4] - The relocation is seen as a launchpad for the company's next growth phase, reinforcing its hybrid culture and enhancing team dynamics [4] Group 2: Business Strategy - Triller's OnePlatform serves as a comprehensive financial business solution, offering over 2,000 products and services to financial advisors and institutions [3] - The platform aims to empower professionals by providing extensive training and integrated operational support, enhancing productivity and market competitiveness [3] Group 3: Company Overview - Triller Group Inc. operates primarily in technology and media, with a focus on innovative solutions in the financial services sector [6][7] - AGBA Group, a partner of Triller, provides machine-learning-driven consumer finance and healthcare solutions to over 400,000 clients across Asia [7]

Core Viewpoint - Triller Group Inc has appointed Enrome LLP as its independent registered public accounting firm to enhance its financial reporting and compliance capabilities [1][2]. Group 1: Appointment Details - The appointment of Enrome was approved by Triller's Audit Committee, indicating a strategic move to ensure robust financial oversight [2]. - Enrome is a PCAOB-registered firm with specialized expertise in audit and assurance services for public companies, positioning it well to support Triller's needs [2]. Group 2: Transition and Acknowledgment - Triller expressed gratitude to its previous accounting firm, WWC, P.C., for their dedication and hard work during the fiscal years ended December 31, 2024 and 2023, and the interim period through February 3, 2026 [3]. - The company highlighted the successful collaboration with WWC in completing the 2024 audit following the merger [3]. Group 3: Future Outlook - Following a productive kick-off meeting with Enrome, Triller anticipates a smooth transition to meet upcoming audit and reporting obligations effectively [4]. - This transition reflects Triller's commitment to high standards of financial transparency, governance, and accountability as it pursues innovation and growth [4]. Group 4: Company Overview - Triller Group Inc operates primarily in two verticals: the Triller App, an AI-driven social media and live-streaming platform, and AGBA Group, a fintech and financial services group based in Hong Kong [6].

Group 1 - The core point of the article highlights the significant stock price increases of several Chinese concept stocks, with notable gains led by Arno Therapeutics, which surged by 88.18% [1] Group 2 - Arno Therapeutics (ANL) closed at a price of 6.530, experiencing a rise of 88.18%, with a trading volume of 90.87 million [1] - Triller Group (ILLR) saw an increase of 30.29%, closing at 0.1953, with a trading volume of 46,800 [1] - Dingxin Holdings (DXST) rose by 23.95%, closing at 2.070, with a trading volume of 13.71 million [1] - XChange TEC (XHG) increased by 19.57%, closing at 1.1000, with a trading volume of 53,700 [1] - Fangdd Network Group (DUO) experienced an 18.12% increase, closing at 1.630, with a trading volume of 7.09 million [1]

Core Insights - Triller Group Inc has successfully completed its post-merger restructuring and audit processes following its business combination with legacy Triller Corp in October 2024 [1] - The company is now in full compliance with SEC periodic reporting obligations and has filed its outstanding reports, including Form 10-K and multiple Form 10-Qs for the fiscal year 2024 and the first three quarters of 2025 [2] Compliance and Regulatory Actions - On December 26, 2025, Triller received a determination letter from a Nasdaq Hearings Panel confirming the suspension of trading and delisting of its securities effective December 30, 2025 [3] - The company filed an emergency application with the SEC on December 29, 2025, to stay the suspension and delisting, arguing that it would cause irreparable harm [3] - The SEC denied Triller's request for a stay on December 31, 2025, after reviewing the arguments from both the company and Nasdaq [3] Appeal Process - Triller filed an appeal with the Listing Council on January 9, 2026, to maintain its Nasdaq listing and submitted its Opening Brief in support of the appeal on January 26, 2026 [4] - The appeal is currently pending, and the company is committed to maintaining strong corporate governance and full SEC compliance while pursuing all avenues to regain its Nasdaq listing [4] Company Overview - Triller Group Inc operates primarily in two verticals: the Triller App, an AI-driven social media and live-streaming platform, and AGBA Group, a fintech and financial services group based in Hong Kong [6][7]

Financial Performance - For the nine months ended September 30, 2024, the Company generated $15.21 million in commission from the Distribution Business[298]. - Total revenues decreased by 58.81% from $13,207,000 in 2024 to $5,440,000 in 2025[315]. - Distribution Business revenue fell by 60.42%, from $11,876,000 in 2024 to $4,701,000 in 2025, primarily due to economic recession and outward migration in Hong Kong[317]. - Total revenues for the nine months ended September 30, 2024, were US$18.017 million, a decrease of US$23.634 million, or 56.74%, compared to the same period in 2023[340]. - The Distribution Business generated US$15.211 million in revenue for the nine months ended September 30, 2024, down US$22.358 million, or 59.51%, from US$37.569 million in 2023[341]. - For the nine months ended September 30, 2025, the company reported a net loss of approximately US$28.8 million, with an accumulated deficit of approximately US$94.4 million[383]. - Net cash used in operating activities was US$20.7 million for the nine months ended September 30, 2025, compared to US$33.4 million for the same period in 2024[375]. Operating Expenses - Total operating expenses decreased by 36.36% from $24,550,000 in 2024 to $15,623,000 in 2025[315]. - Commission expense dropped by 78.31%, from $8,916,000 in 2024 to $1,934,000 in 2025[322]. - Personnel and benefit expenses decreased by 45.44% from $6,446,000 in 2024 to $3,517,000 in 2025[327]. - Legal and professional fees decreased by 19.46% from $3,531,000 in 2024 to $2,844,000 in 2025[329]. - Loss from operations decreased by US$1.2 million, or 10.23%, for the three months ended September 30, 2024, primarily due to a decrease in operating expenses of US$8.9 million[333]. - Loss from operations decreased by US$10.5 million, or 29.01%, for the nine months ended September 30, 2024, attributed to a significant decrease in operating expenses[356]. Cash Flow and Financing - Net cash provided by financing activities for the nine months ended September 30, 2025, was US$18.3 million, mainly due to advances from the holding company of US$15.6 million and proceeds from convertible promissory notes of US$23.4 million[380]. - The company intends to raise additional capital through various debt and equity offerings, but there is no assurance that these funds will be available on acceptable terms[386]. - The management estimates that currently available cash will not be sufficient to meet the company's planned obligations for the next 12 months[382]. - The company expects to continue operating losses as it invests in business growth, with cash and equivalents projected to be insufficient for operations for at least the next 12 months[369]. Business Segments - The Distribution Business includes a leading financial advisor business with approximately 562 financial advisors organized into 10 sales teams as of September 30, 2024[292]. - The Platform Business offers over 1,800 financial products, including 1,183 insurance products from 80 providers and 1,141 asset management products from 53 fund houses[304]. - The Fintech Business includes investments in Tandem Money Limited, CurrencyFair Limited, Oscar Health Inc., and Goxip Inc., with a carrying amount of $17.75 million for Tandem Money as of September 30, 2025[307]. - The Company holds a 4% equity stake in HCMPS, which operates a network of over 800 doctors and provides healthcare schemes for more than 500 corporate clients[310][311]. - JFA, under HCMPS, aims to transform into the best medical care institution in Asia by 2025, focusing on technology and data analytics to enhance patient care[314]. Compliance and Regulatory - The Company received an exception period from Nasdaq to comply with listing requirements, with deadlines set for December 24, 2025, February 27, 2026, and September 30, 2026[288]. - Nasdaq granted the company an additional 180 days until September 16, 2024, to regain compliance, which was achieved on May 3, 2024[388]. - The company has not engaged in any off-balance sheet financial arrangements that could materially affect its financial condition[389].

Core Viewpoint - Chinese concept stocks experienced significant gains, with notable increases in share prices for several companies, indicating a positive market sentiment towards these stocks [1] Group 1: Stock Performance - Triller Group saw a remarkable increase of 197.68%, closing at a price of 0.0899, with a trading volume of 47,200 [1] - Smart Logistics achieved a gain of 103.28%, closing at 2.480, with a trading volume of 116 million [1] - One Construction Group rose by 39.74%, closing at 3.270, with a trading volume of 2.9732 million [1] - Roma Green Finance increased by 29.11%, closing at 2.750, with a trading volume of 459,100 [1] - Alpha Technology experienced a rise of 25.66%, closing at 23.400, with a trading volume of 760,100 [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38909 Triller Group Inc. (Exact name of registrant as specified in its charter) Delaware 33-1473901 (State or other jurisdiction of incorporation ...

Financial Performance - Total revenues decreased by 58.81% from $13,207,000 in Q3 2023 to $5,440,000 in Q3 2024[316]. - Total revenues for the nine months ended September 30, 2024, were US$18.0 million, a decrease of US$23.6 million, or 56.74%, compared to the same period in 2023[341]. - The Distribution Business contributed 84.43% of total revenue for the nine months ended September 30, 2024, with a significant revenue decrease of US$22.4 million, or 59.51%[342]. - Net loss for Q3 2024 was $9,419,000, a decrease of 27.10% compared to a net loss of $12,921,000 in Q3 2023[316]. - For the nine months ended September 30, 2024, the company reported a net loss of approximately US$28.8 million, with total revenue declining to approximately US$18.1 million from US$41.7 million in the same period of 2023[384][385]. Revenue Breakdown - Distribution Business revenue fell by 60.42%, from $11,876,000 in 2023 to $4,701,000 in 2024, contributing 86.42% of total revenue[318]. - Life insurance revenue decreased by 64.82%, from $11,147,000 in 2023 to $3,921,000 in 2024[319]. - The Company generated $15.21 million in commission from the Distribution Business for the nine months ended September 30, 2024[298]. Operating Expenses - Total operating expenses decreased by 36.36% from $24,550,000 in Q3 2023 to $15,623,000 in Q3 2024[316]. - Commission expense dropped by 78.31%, from $8,916,000 in 2023 to $1,934,000 in 2024[323]. - Personnel and benefit expenses decreased by 45.44%, from $6,446,000 in 2023 to $3,517,000 in 2024[328]. - Sales and marketing expense decreased by US$2.5 million, or 80.61%, from US$3.1 million in 2023 to US$0.6 million in 2024[347]. - Legal and professional fees decreased by US$7.0 million, or 56.35%, for the nine months ended September 30, 2024, primarily due to a reduction in consulting fees[352]. Cash Flow and Capital - As of September 30, 2024, the cash balance was US$5.1 million, with a working capital deficit of US$40.5 million, an increase of US$18.3 million or 82.21% from December 31, 2023[365][375]. - Net cash used in operating activities was US$20.7 million for the nine months ended September 30, 2024, compared to US$33.4 million for the same period in 2023[376]. - Net cash provided by investing activities for the nine months ended September 30, 2024, was US$2.6 million, primarily from the sale of long-term investments[379]. - Net cash provided by financing activities for the nine months ended September 30, 2024, was US$18.3 million, mainly due to advances from the holding company and proceeds from convertible promissory notes[381]. - The company intends to raise additional capital through various debt and equity offerings to support its operations and growth strategy[387]. Strategic Initiatives - The Company aims to transform JFA into the best medical care institution in Asia by 2025, focusing on technology and data analytics to enhance customer care[314]. - The Company plans to expand its distribution footprint in Mainland China and expects sales volumes to return to pre-pandemic levels with the reopening of the Mainland border[299]. - The Company is committed to leveraging its strategic assets in life insurance, wealth management, and healthcare to capitalize on emerging opportunities[297]. - The company is committed to purchasing 100% equity interest in Sony Life Financial Advisers Pte. Ltd. for a cash consideration of approximately US$1.88 million, with multiple extensions on the closing date[388]. Compliance and Governance - Nasdaq granted the company an additional 180 days to regain compliance, which was achieved on May 3, 2024, confirming compliance with Rule 5550(a)(2)[389]. - The company has no off-balance sheet transactions or guarantees beyond normal business operations[390].

Financial Performance - The company reported total revenue of $27.5 million for the fiscal year ended December 31, 2024, a decrease from $54.2 million in 2023, reflecting a decline of approximately 49.3%[560] - The net loss for the fiscal year ended December 31, 2024, was $1,138.0 million, compared to a net loss of $49.2 million in 2023, indicating a significant increase in losses[560] - Total revenue for the year ended December 31, 2024, was $27.5 million, a decrease of $26.7 million or 49.30% from $54.2 million in 2023[575] - Financial services revenue decreased by $31.8 million or 58.69% from $54.2 million in 2023 to $22.4 million in 2024, primarily due to economic recession and outward migration in Hong Kong[581] - Annual revenue for 2024 was approximately $27.5 million, a decline from $54.2 million in 2023, resulting in an operating loss of approximately $113.2 million[628] Operating Expenses - Operating expenses for the fiscal year ended December 31, 2024, totaled $140.7 million, compared to $97.3 million in 2023, reflecting an increase of approximately 44.5%[573] - Net loss increased by $1,088.8 million or 2,212.80% for the year ended December 31, 2024, primarily due to increased operating expenses and other expenses[605] - Legal and professional fees increased by $4.1 million or 80.20% for the year ended December 31, 2024, compared to 2023, primarily due to increased US legal counsel fees[595] - Stock-based compensation increased by $64.4 million for the year ended December 31, 2024, compared to 2023, due to the settlement of accrued salaries and amortization of restricted share units[592] - Operating expenses for social media and streaming platforms totaled $4.0 million for the post-acquisition period, representing 2.85% of the Group's total operating expenses[582] Cash Flow and Liquidity - Cash balance as of December 31, 2024, was $3.1 million, insufficient to meet planned obligations for the next 12 months[606] - The net cash used in operating activities for the year ended December 31, 2024 was $29.0 million, an improvement from $42.3 million in 2023[618][620] - Net cash provided by financing activities for the year ended December 31, 2024 was $24.0 million, primarily from advances and proceeds from convertible debts[624] - The company anticipates that cash and equivalents will not be sufficient to fund operations for at least the next 12 months[611][626] - The working capital deficit increased to approximately $271.6 million as of December 31, 2024, up from $22.2 million in 2023, representing a 1,122.49% increase attributed to the acquisition of Triller Corp.[617] Business Operations and Strategy - The company has established over 436 million Consumer Accounts on its Technology Platform, with a proactive approach to purging over 200 million duplicate and bot accounts[558] - The financial services business generated $22.4 million in commission revenue for the year ended December 31, 2024, capturing only a small portion of the total revenues generated by associated financial advisors[569] - The company operates a leading wealth management and healthcare institution in Hong Kong, servicing over 400,000 individual and corporate customers[561] - The financial advisor business, operating under the brand name Focus, had approximately 1,231 financial advisors organized into 26 sales teams as of December 31, 2024[565] - The company plans to expand its distribution footprint and explore partnerships in Mainland China, anticipating a return to pre-pandemic sales volumes[570] Future Outlook - The company expects to generate profitable operating results within the foreseeable future, contingent on accessing sales capabilities from its financial services business[632] - Future capital requirements will depend on revenue growth, marketing spending, and new product introductions, with potential dilution of stockholder ownership if additional equity is raised[612] - Management is exploring funding alternatives, including borrowings and raising funds through public equity or debt markets, to support business development activities[630] Goodwill and Warrants - Goodwill is reviewed for impairment at least annually or when a triggering event occurs, with the impairment loss representing the excess of the carrying amount over the fair value of the reporting unit[644] - Annual impairment tests for goodwill are performed in the fourth quarter, assessing qualitative factors first to determine if a quantitative test is necessary[645] - Warrants are classified as either equity or liability based on specific terms and applicable guidance, with equity-classified warrants recorded at fair value and not remeasured[647] - Liability-classified warrants are recorded at initial fair value and remeasured at each reporting date, with changes recognized as non-cash gains or losses[649] - Transaction costs allocated to warrants classified as liabilities are immediately expensed in the consolidated statements of operations and comprehensive loss[649] Market Context - The global digital content marketplace is projected to reach $577.4 billion in 2023, with the creator economy estimated at $250 billion, potentially growing to $480 billion by 2027[560] - The company does not have to make disclosures under market risk as it qualifies as a smaller reporting company[650]