Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 21

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 3
Chunk 21
---
 may adversely
affect the economy and conditions in such countries include:

  political instability;  

  global economic conditions;  

  exchange rate fluctuations and the exchange control policy of the banks;  
 ────────────────────────────────────────────────────────────────────────────

  a prolonged period of inflation or increase in regional interest rates;  
 ───────────────────────────────────────────────────────────────────────────

  changes in taxation;  
 ────────────────────────

  changes in government policies affecting import and export volumes;  
 ───────────────────────────────────────────────────────────────────────

  decline in tourism;  

  natural disasters, including tsunamis, earthquakes, fires, floods, drought and similar events;  

  a potential recurrence or outbreak of avian influenza, severe acute respiratory syndrome or other infectious or contagious diseases like COVID-19 in Asian countries, and governmental policies t...  

  scarcity of credit or other financing, resulting in lower demand for products and services provided by companies in the region;  

  increases in oil prices and other commodity prices;  
 ───────────────────────────────────────────────────────

  decreased consumer confidence;  
 ──────────────────────────────────

  other external recessions or potential economic downturns in the United States, Asia or other parts of the world; and  

  other regulatory, political or economic developments in or affecting the countries including but not limited to tariff policies of the U. S. and EU.  

The economic conditions in
Thailand, Cambodia, Kyrgyzstan and China are also affected by global economic conditions. The global credit markets have experienced,
and may continue to experience, volatility and liquidity disruptions, which have resulted in the consolidation, failure or near failure
of a number of institutions in the banking and insurance industries. There remains a concern that a return of the debt crisis in Europe,
the political unrest in the Middle East and Eastern Europe as well as rumors or threats or actual terrorist attacks or conflicts in the
Middle East, Southeast Asia, Eastern Europe or other regions will impinge upon the health of the global financial system. These or other
such events could adversely affect NewGenIvf’s business, financial condition, results of operations and prospects.

There is no assurance that
the economies and social conditions of Thailand, Cambodia, Kyrgyzstan and China will meet current projections or improve in the future.
Any instability or economic downturn could have a material adverse effect on NewGenIvf’s business, financial condition, results
of operations and prospects.

Failure to comply