Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 66

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 66
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 premises
in Thailand, Cambodia and Kyrgyzstan in various locations. With respect to property leased by First Fertility PGS Center in Thailand,
the lessors did not have or provide NewGenIvf with property ownership certificates or other documents evidencing their rights to lease
such premises to First Fertility PGS Center. Therefore, NewGenIvf cannot assure that it will not be subject to any challenges, lawsuits,
or other actions taken against First Fertility PGS Center with respect to its leased premises for which the relevant lessors do not have
valid title or right to lease. If First Fertility PGS Center’s lessors’ right to lease premises is successfully challenged
by any third party, First Fertility PGS Center’s lease agreements may not be enforceable and NewGenIvf may be forced to vacate the
premises and relocate to a different location. Under such circumstances, NewGenIvf expects to incur relocation costs of up to THB3 million
and expects that there would not be material business interruption costs, if any.

In addition, the failure of
the lessor to provide sufficient legal evidence of its right to lease the premises has prevented First Fertility PGS Center from registering
the clinic with the Bangkok Metropolitan Authority (“BMA”) as required under the Public Health Act B.E. 2535 (1992) (the “PHA”).
Under Section 71 of the PHA, First Fertility PGS Center and its directors are subject to imprisonment of up to 6 (six) months and a fine
of up to THB50,000, or both. The BMA could also order First Fertility PGS Center to stop operating the clinic which would require relocation
of the clinic if First Fertility PGS Center could not make the necessary registration. Under such circumstances, First Fertility PGS Center
expects to incur relocation costs of up to THB3 million and expects that there would not be material business interruption costs, if any.

Only one of NewGenIvf’s
directors or officers, namely Ms. Fong, Hei Yue Tina, is also a director of First Fertility PGS Center. NewGenIvf believes that if First
Fertility PGS Center’s directors, including Ms. Fong, are found guilty of the above offence and subject to imprisonment, the
resulting impact on NewGenIvf’s business, results of operations and financial conditions would be limited, as Ms. Fong has limited
invol