Company: NIVFW
Filing Date: 2025-05-15
Form Type: 20-F/A
Source: 0001213900-25-043940
Chunk: 37

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-15
Form: 20-F/A
Chunk 37
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207,128 |
| Lease liabilities – non-current portion |                 |              |  10,231 |     |   | 118,979 |
| Total                                   |                 | $            | 118,757 |     | $ | 326,107 |

| Finance lease                       |     | December 31, 
 2024         |   |     | 2023 |       |
|:------------------------------------|:----|:-------------|:--|:----|:-----|------:|
| Lease liabilities – current portion |     | $            | - |     | $    | 6,446 |

The following is a schedule of future minimum
payments under operating leases as of December 31, 2024:

|                                                    |     | December 31, 
 2024         |         |   |
|:---------------------------------------------------|:----|:-------------|--------:|:--|
| Not later than 1 year                              |     | $            | 111,321 |   |
| Between 1 to 2 years                               |     |              |  10,300 |   |
|                                                    |     |              |       - |   |
| Total lease payments                               |     |              | 121,621 |   |
| Less: imputed interest                             |     |              |  (2,864 | ) |
| Total operating lease liabilities, net of interest |     | $            | 118,757 |   |

Other lease information is as follows:

|                                                   |     | December 31, |            |   |     |      |            |   |
|                                                   |     |         2024 |            |   |     | 2023 |            |   |
|                                                   |     |              | 2.75 years |   |     |      | 0.92 years |   |
| Weighted-average discount rate – operating leases |     |              |          5 | % |     |      |          5 | % |
| Short term lease cost                             |     |            $ |    234,767 |   |     |    $ |    114,937 |   |

As of December 31, 2024 and
2023, there were $ and $ right of use (“ROU”) assets and $ and $ lease liabilities based on the
present value of the future minimum rental payments of leases, respectively. The Company’s management believes that using an incremental
borrowing rate of the minimum loan rate