Company: NIVFW
Filing Date: 2025-05-29
Form Type: F-1/A
Source: 0001213900-25-048554
Chunk: 217

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-29
Form: F-1/A
Chunk 217
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 Less: allowance for expected credit loss  |     |              | —        |   |     |      | (17,818 | ) |
|                                           |     | $            | (154,453 | ) |     | $    | 354,285 |   |

The movement of allowances for expected credit
loss is as follow:

|                                     |     | December 31, 
 2024         |         |   |     | 2023 |         |   |
|:------------------------------------|:----|:-------------|--------:|:--|:----|:-----|:--------|:--|
| Balance at beginning of the year    |     | $            | (17,818 | ) |     | $    | (17,059 | ) |
| Reversal of Provision / (Provision) |     |              |  17,818 |   |     |      | (759    | ) |
| Ending balance                      |     | $            |       — |   |     | $    | (17,818 | ) |

In addition to the transactions
and balances detailed elsewhere in these consolidated financial statements, the Company had the following transactions with related parties:

|                                                              |     | December 31, |    2024 |     |   |    2023 |   |     |   |    2022 |
|:-------------------------------------------------------------|:----|:-------------|--------:|:----|:--|--------:|:--|:----|:--|--------:|
| Directors’ remuneration to Mr. Siu Wing Fung, Alfred         |     | $            | 190,000 |     | $ | 125,000 |   |     | $ | 120,000 |
| Directors’ remuneration to Ms. Fong Hei Yue, Tina            |     |              | 190,000 |     |   | 125,000 |   |     |   | 120,000 |
| Waiver of related party balance of Mr. Siu Wing Fung, Alfred |     |              |       — |     |   | (88,151 | ) |     |   |       — |

NOTE 18 — LOAN TO A SPAC I On June 12, 2023, NewGenIvf Limited (the “Legacy NewGenIvf”) and A SPAC I Acquisition Corp (“A SPAC I”) entered into a First Amendment to Merger Agreement,