<div id="readability-page-1"><div>Triller Group Inc., a diversified technology platform company, has released its annual Form 10-K report, detailing its financial performance, business operations, strategic initiatives, and the challenges it faces. The report provides a comprehensive overview of the company's activities over the past year, highlighting significant developments and future outlooks in the digital content and financial services sectors. Financial Highlights <ul><li>Total Revenue: $27.5 million, a decrease of 49.30% from the previous year, attributed to economic recession and outward migration in Hong Kong.</li><li>Net Loss: $1,138.0 million, an increase of 2,212.80% compared to the previous year, primarily due to increased operating expenses and other expenses.</li><li>Operating Expenses: $140.7 million, a significant increase driven by higher personnel and benefit expenses, legal and professional fees, and impairment charges.</li><li>Personnel and Benefit Expenses: $84.9 million, increased due to stock-based compensation related to the settlement of accrued salaries and amortization of restricted share units.</li><li>Legal and Professional Fees: $22.4 million, increased due to higher US legal counsel fees and consulting fees.</li><li>Other Expense, Net: $1,024.9 million, primarily due to impairment on goodwill and intangible assets.</li><li>Cash and Cash Equivalents: $3.1 million, indicating limited liquidity to meet planned obligations for the next 12 months.</li></ul> Business Highlights <ul><li>Technology Platform Expansion: The company has significantly expanded its Technology Platform through organic growth and strategic acquisitions, becoming a diversified platform for the creation, distribution, measurement, and monetization of digital, live, and virtual content.</li><li>Triller App: The Triller app, a short-form video app similar to TikTok, has established over 327 million Consumer Accounts, with a total of 436 million Consumer Accounts on the Technology Platform. The app leverages AI and ML technologies to enable users to create professional-looking videos.</li><li>Geographical Performance: The company operates within the global digital content marketplace, focusing on the $250 billion creator economy. It also has a strong presence in the Greater Bay Area, a major financial services market, and is expanding its footprint in Mainland China.</li><li>Healthcare and Fintech Businesses: The company operates a leading wealth management and healthcare institution in Hong Kong, servicing over 400,000 individual and corporate customers. It also has a market leadership position in the healthcare business through a 4% stake in HCMPS.</li><li>Platform and Distribution Businesses: The company has implemented a strategy to expand its broker-dealer business into a platform and distribution business, offering a tech-enabled broker management platform for advisors and a portfolio of wealth and health products.</li><li>Strategic Partnerships: The company is in active discussions to establish a strategic partnership with a top asset manager in China to provide offshore insurance solutions, which could significantly increase its assets under management and competitiveness.</li><li>Future Outlook: The company plans to leverage its integrated global platform to maximize growth potential, continue investing in AI-powered tools, and expand its experiential offerings to create revenue opportunities and build its brand and culture.</li></ul> Strategic Initiatives <ul><li>Acquisition of Triller Corp.: The company completed the acquisition of Triller Corp., integrating its operations into the Group, which now includes social media and sports streaming segments. This strategic move aims to diversify the company's offerings and expand its presence in the digital content marketplace.</li><li>Expansion in Financial Services: The company has been expanding its financial services business, particularly in the Greater Bay Area, through strategic partnerships and investments in FinTech, WealthTech, and HealthTech sectors.</li><li>Capital Management: The company raised $420 million in capital since inception and has been actively managing its capital structure through various funding alternatives, including external borrowings and public equity. In 2024, the company received $24 million from financing activities, primarily through advances from stockholders and proceeds from convertible debts. The company also engaged in private placements, raising approximately $5.1 million in 2024 and planning a $14 million private placement in 2025. The company has not paid dividends and intends to retain earnings to fund growth and repay indebtedness.</li><li>Future Outlook: The company anticipates continued operating losses as it invests in business growth. It plans to focus on expanding its distribution footprint and exploring partnerships in Mainland China. The management is committed to improving liquidity and capital resources through revenue growth and expenditure control, while also considering potential fundraising initiatives to support business development and operational expenses. The company aims to leverage its strategic assets to capitalize on emerging opportunities in life insurance, wealth management, and healthcare.</li></ul> Challenges and Risks <ul><li>Regulatory Risks: The company faces significant regulatory risks due to its operations in Hong Kong and potential expansion into mainland China. The evolving legal landscape in the PRC, including data security, anti-monopoly, and overseas listing regulations, poses uncertainties that could materially impact the company's business operations and financial condition. The PRC government's influence over Hong Kong regulators could indirectly affect the company, especially concerning capital requirements and cybersecurity measures.</li><li>HFCA Act Compliance: The Holding Foreign Companies Accountable Act (HFCA Act) presents a risk of delisting if the company's auditor is not subject to PCAOB inspections for two consecutive years. Although the company's current auditor is not affected, future regulatory changes could impact compliance and access to U.S. capital markets.</li><li>Economic and Political Risks: The company is also exposed to economic and political risks associated with emerging markets, particularly China. Adverse changes in economic conditions, government policies, or geopolitical tensions could negatively affect the company's business and prospects.</li><li>Management's Response: Management acknowledges the challenges posed by the rapidly changing regulatory environment in China and Hong Kong. The company is monitoring developments closely and is prepared to adjust its operations to comply with new regulations. However, the unpredictability of these changes remains a significant concern.</li><li>Market Risks: The company is exposed to market risks, including fluctuations in the global financial markets and economic conditions. Disruptions in these markets could adversely affect the company's financial condition and its ability to operate effectively. The ongoing geopolitical tensions, such as the conflict between Russia and Ukraine, add to the uncertainty and potential volatility in the markets.</li></ul>SEC Filing: Triller Group Inc. [ AGBA ] - 10-K - Jan. 26, 2026</div></div>

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Triller Group Inc. has released its annual Form 10-K report, revealing a total revenue of $27.5 million, a 49.3% decrease from the previous year, and a net loss of $1.138 billion, a 2,212.8% increase. The report highlights the company's expansion in technology and financial services, including the acquisition of Triller Corp. and plans for strategic partnerships in China. Despite challenges such as regulatory risks and operating losses, Triller aims to leverage its platform for growth and improve liquidity through capital management and partnerships in the healthcare and wealth management sectors.

Triller Group Inc. SEC 10-K Report