Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 24

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 3
Chunk 24
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 Ms. Fong, are found guilty of the above offence and subject to imprisonment, the
resulting impact on NewGenIvf’s business, results of operations and financial conditions would be limited, as Ms. Fong has limited
involvement in the day-to-day management of First Fertility PGS Center’s operations and Mr. Siu, Wing Fung Alfred and the other
directors and officers of NewGenIvf and its subsidiaries would be able to keep operating the group’s and First Fertility PGS Center’s
activities with limited disruptions. Further, a second clinic has been set up in a separate location which will mitigate the risk of interruptions
to operations

NewGenIvf currently has no insurance coverage
for its operations.

The assisted reproductive
medical facilities in NewGenIvf’s network are exposed to potential liabilities that are inherent to the provision of services. Medical
and other liabilities may not be fully covered by insurance and the medical facilities may face claims in excess of the insurance coverage
or claims which are not covered by insurance due to other policy limitations or exclusions or where the medical facilities in NewGenIvf’s
network have failed to comply with the terms of the policy. Any uninsured risks may result in substantial costs and the diversion of resources,
which could adversely affect its results of operations and financial condition.

The insurance industries in
Thailand, Cambodia and Kyrgyzstan are still at early stages of development, and insurance companies in Thailand, Cambodia and Kyrgyzstan
currently offer limited business-related insurance products. NewGenIvf does not currently maintain insurance. NewGenIvf cannot assure
you that the medical facilities in its network will be able to obtain and/or maintain medical liability insurance on acceptable terms
or without substantial premium increases or at all in the future.

In addition, as NewGenIvf’s
business expands, the cost for each medical facility in its network and NewGenIvf to maintain an adequate level of insurance may become
increasingly high. NewGenIvf cannot ensure that the medical facilities in its network will be able to locate or purchase appropriate insurance
to cover the expanding operations in time, on commercially reasonable terms or at all. Any significant uninsured loss could have material
and adverse effects on the financial condition and results of operations of the medical facilities in NewGenIvf’s network, and thus
may affect its business, results of operations and financial condition.

Moreover, NewGenIvf does not
currently maintain professional malpractice liability insurance for its physicians and