Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 129

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 15
Chunk 129
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ITEM 15. CONTROLS AND PROCEDURES

(a) Disclosure Controls and Procedures

Under the supervision and
with the participation of our management, including our chief executive officer and chief financial officer, we carried out an evaluation
of the effectiveness of our disclosure controls and procedures, which is defined in Rules 13a-15(e) of the Exchange Act, as of December
31, 2024. Based on that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and
procedures as of December 31, 2024, were not effective.

(b) Management’s Annual Report on
Internal Control Over Financial Reporting

Our management is responsible
for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) and 15d-15(f) of the
Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with U. S. GAAP and includes those policies and
procedures that (1) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect our transactions; (2)
provide reasonable assurance that our transactions are recorded as necessary to permit preparation of financial statements in accordance
with generally accepted accounting principles and that our receipts and expenditures are being made only in accordance with appropriate
authorizations; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition
of our assets that could have a material effect on our financial statements.

Because of its inherent limitations,
internal control over financial reporting may not prevent or detect misstatements. In addition, projections of any evaluation of effectiveness
of our internal control over financial reporting to future periods are subject to the risk that controls may become inadequate because
of changes in conditions, or that the degree of compliance with the policies and procedures may deteriorate.

Under the supervision of
and with the participation of our management, we assessed the effectiveness of our internal control over financial reporting as of December
31, 2024, using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated
Framework (2013).

In relation to the examination
of our combined and consolidated financial statements presented in this annual report, we have identified a significant weakness in our
internal control over financial reporting. This identified material weakness is associated with a lack of adequately skilled staff possessing
U.