Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 102

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 102
---
7 |   |     |     |         — |     |   |     — |
| Kyrgyzstan |     |                             | 3,123,593 |     |   |  60.8 |   |     |     | 5,060,973 |     |   |  85.1 |
| Cambodia   |     |                             |   621,619 |     |   |  12.1 | % |     |     |   377,608 |     |   |   6.4 |
| Thailand   |     |                             | 1,356,903 |     |   |  26.4 | % |     |     |   505,609 |     |   |   8.5 |
| Total      
 revenues   |     |                             | 5,136,153 |     |   | 100.0 |   |     |     | 5,944,190 |     |   | 100.0 |

68 NewGenIvf’s revenue results are affected by, among others, changes in sales price and the fluctuation of foreign currency rates with US dollars. A 5% change in sales price would cause 5% change in NewGenIvf’s revenue. Based on the breakdown of the revenue contribution in terms of currencies used by customers for 2023, a 5% change in foreign currency rates with US dollars would cause approximately 1.3% change in NewGenIvf’s revenue. NewGenIvf’s average sales revenue from IVF treatment services per each IVF Customer (as defined below) was approximately US$ 14,951 in 2023 and average sales revenue from surrogacy and related ancillary caring services per each Surrogacy Customer was approximately US$10,926 in 2023. For the year ended December 31, 2023, NewGenIvf served 357 customers using IVF treatment services and surrogacy and ancillary caring services, and recorded average revenue per such significant customer of approximately US$14,386. IVF treatment services NewGenIvf generated revenue from IVF treatment services provided at facilities that NewGenIvf operated in Thailand and Cambodia. In addition, NewGenIvf also recognized revenues from IVF treatments included in surrogacy services performed in Kyrgyzstan. NewGenIvf’s revenue from IVF treatment service amounted to US$2,819,163 and US$4,021,696,