Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 50

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 50
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ana may occur, if financial institutions were to deny or limit banking services to businesses
that hold SOL, provide Solana-related services or accept SOL as payment, which could also decrease the price of SOL. Similarly, the open-source
nature of the Solana blockchain means the contributors and developers of the Solana blockchain are generally not directly compensated
for their contributions in maintaining and developing the blockchain, and any failure to properly monitor and upgrade the Solana blockchain
could adversely affect the Solana blockchain and negatively affect the price of SOL.

The liquidity of SOL may also be impacted to the extent that changes
in applicable laws and regulatory requirements negatively impact the ability of exchanges and trading venues to provide services for SOL
and other digital assets.

A cyberattack or other malicious attack on the Solana blockchain could have a material impact on the value of SOL held by the Company.

Solana and other digital assets and the entities that provide services
to participants in blockchain ecosystems have been, and may in the future be, subject to security breaches, cyberattacks, or other malicious
activities. A successful security breach or cyberattack could result in:

| ● | a partial or total loss of our digital assets in a manner that may not be covered by insurance or the liability provisions of the custody agreements with the custodian who holds our digital assets; |

| ● | harm to our reputation; or |

| ● | significant regulatory scrutiny, investigations, fines, penalties, and other legal, regulatory, contractual and financial exposure. |

Further, any actual or perceived data security breach or cybersecurity
attack directed at other companies with digital assets or companies that operate digital asset networks, regardless of whether we are
directly impacted, could lead to a general loss of confidence in the broader Solana ecosystem or in the use of the Solana network to conduct
financial transactions, which could materially and adversely affect our financial condition and results of operations.

NewGenIvf’s marketing efforts depend significantly on its ability to receive positive references from its existing clients.

NewGenIvf’s marketing
efforts depend significantly on its ability to call on its current clients to provide positive references to new, potential clients. Given
its limited number of long-term clients, the loss or dissatisfaction of any client could substantially harm its brand and reputation,
inhibit the market adoption of its offering and impair its ability to attract new clients and maintain existing clients. Any of these
consequences could have an adverse effect on its business, financial condition and results of operations.

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