Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 185

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 185
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 for our opinion.

/s/ J&S Associate PLT

Certified Public Accountants

Firm ID: 6743

We have served as the Company’s auditor since 2024.

Kuala Lumpur, Malaysia

May 20, 2025,

(reissued for 2024 for effects of Reverse Stock Split effected on
May 5, 2025)

<div align='center'>F-4

NEWGENIVF GROUP LIMITED
CONSOLIDATED BALANCE SHEETS

AS OF DECEMBER 31, 2024 AND 2023
(Stated in US Dollars)</div>

| ASSETS                                                                                    
 Current assets                                                                            |     | December 31, 
 2024         |            |   |     | December 31, 
 2023**       |           |   |
|:------------------------------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------------|----------:|:--|
| Cash and cash equivalents                                                                 |     | $            |    457,740 |   |     | $            |    54,104 |   |
| Accounts receivable, net                                                                  |     |              |     49,245 |   |     |              |     9,374 |   |
| Inventories                                                                               |     |              |     80,813 |   |     |              |   126,264 |   |
| Deposits, other receivables and deferred legal & IPO cost, net                            |     |              |    195,446 |   |     |              |   512,581 |   |
| Deposit with a digital asset trading platform                                             |     |              |  1,000,000 |   |     |              |         — |   |
| Receivable from agents                                                                    |     |              |  1,191,795 |   |     |              |         — |   |
| Prepayments                                                                               |     |              |    197,706 |   |     |              | 1,262,228 |   |
| Loan to A SPAC I                                                                          |     |              |          — |   |     |              |   140,000 |   |
| Due from shareholders                                                                     |     |              |          — |   |     |              |   354,285 |   |
| Total current assets                                                                      |     |              |  3,172,745 |   |     |              | 2,458,836