Company: NIVFW
Filing Date: 2025-10-10
Form Type: F-1/A
Source: 0001213900-25-098135
Chunk: 254

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-10
Form: F-1/A
Chunk 254
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4 |         |
|:--------------------------------|:----|:-----|----------:|:----|:-----|--------:|
| Lease liabilities – current     
 portion                         |     | $    |   413,555 |     | $    | 108,526 |
| Lease liabilities – non-current 
 portion                         |     |      |   585,199 |     |      |  10,231 |
| Total                           |     | $    | 1,068,754 |     | $    | 118,757 |

The following is a schedule of future minimum payments under operating leases as of June 30, 2025:

| Not later than 1 year                              |     | $ |   213,750 |   |
| Between 1 to 2 years                               |     |   |   427,501 |   |
| Between 2 to 5 years                               |     |   |   446,936 |   |
| Total lease payments                               |     |   | 1,088,187 |   |
| Less: imputed interest                             |     |   |   (19,433 | ) |
| Total operating lease liabilities, net of interest |     | $ | 1,068,754 |   |

Other lease information is as follows:

| Weighted-average discount rate – operating 
 leases                                     |     | 2025 | 2.75 years 
          5 | % |     | 2024 | 0.92 years 
          5 | % |
|:-------------------------------------------|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|
| Short term lease cost                      |     | $    |    100,009 |   |     | $    |    234,767 |   |

As of June 30, 2025 and December 31, 2024, there were $ 1,006,397and $ 98,570right of use (“ROU”) assets and $ 1,068,754and $ 118,757lease liabilities based on the present value of the future minimum rental payments of leases, respectively. The Company’s management believes that using an incremental borrowing rate of the minimum loan rate and the Hong Kong Dollar Best Lending Rate (“BLR”) minus 0.125% was the most indicative rate of the Company’s borrowing cost for the calculation of the present value of the lease payments; the rate used