Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 126

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 126
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rogacy and related ancillary caring services, approximately 21.7% of its total revenue in 2023, provided at facilities
that NewGenIvf operated in Kyrgyzstan. In 2024, due to the reorganization of the Kyrgyzstan operations, NewGenIvf did not generate any
revenue from surrogacy and related ancillary caring services.

In surrogacy and ancillary
caring services, embryo from intending parents is implanted in the surrogate mother sub-contracted by NewGenIvf. During the pregnancy
period of the surrogate mother, NewGenIvf provides ancillary caring services including maternity caring services such as regular body
check and provision of vitamins, supplements and medicines to surrogate mothers, documentation service, and hotel accommodation services.
Revenue from surrogacy and ancillary caring services is recognized at a point in time when the surrogate mother gives birth.

Cost of revenue

The following table sets forth
a breakdown of NewGenIvf’s cost of revenue by the nature of the cost, in absolute amounts and as percentages of total cost of revenues,
for the periods indicated.

|                        |     | For the Year ended December 31, |      2024 |     |   |       |     |     |      2023 |     |   |       |
|:-----------------------|:----|:--------------------------------|----------:|:----|:--|------:|:----|:----|----------:|:----|:--|------:|
|                        |     | US$                             |           |     | % |       |     | US$ |           |     | % |       |
| Cost of revenues       |     |                                 |           |     |   |       |     |     |           |     |   |       |
| Cost of goods sold     |     |                                 |   629,620 |     |   |  17.5 |     |     |   594,984 |     |   |  17.2 |
| Clinic costs           |     |                                 | 2,976,861 |     |   |  82.5 |     |     | 2,859,384 |     |   |  82.8 |
| Total cost of revenues |     |                                 | 3,606,481 |     |   | 100.0 |     |     | 3,454,368 |     |   | 100.0 |

Cost of goods sold