Company: NIVFW
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038045
Chunk: 71

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-01
Form: F-1/A
Chunk 71
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 regulatory bodies, is exempt from licensure or registration, or is otherwise authorized under such laws in those countries in which     
 it provides its services. These licenses require it to comply with the rules and regulations of the governmental bodies that issued     
 such licenses. NewGenIvf’s failure to comply with such rules and regulations could result in criminal and/ or administrative            
 penalties, the suspension of a license, or the loss of a license, all of which could negatively impact its business. First Fertility    
 PGS had provided arrangements of accommodation without additional charges for its patients without a tourism license in Thailand,       
 all of which was subsequently ceased in early 2023. Pursuant to the Tourism Business and Guide Act 2551 (2008) of Thailand, a maximum   
 fine of THB500,000 may be imposed on First Fertility PGS as a result of the above activity without a tourism license in Thailand.       
 NewGenIvf is unable to predict, however, how its services may be viewed by regulators over time, how these laws and regulations will    
 be interpreted, or the full extent of their applicable. If a regulatory authority in any country determines that the nature of its      
 business requires that NewGenIvf be licensed under applicable laws, it may need to restructure its business or it may need to comply    
 with any related requirements, such as obtaining relevant license, paying additional regulatory fees and/or penalties for previous      
 non-compliance with relevant licensing requirements, which could adversely affect its results of operation. Additionally, in extreme    
 case, NewGenIvf may need to cease operations until it is able to obtain appropriate licensure, which may adversely affect its revenue   
 for a period of time that it cannot estimate.                                                                                           |

43

| ● | Patients’ Right Protection. There has been an increased                                                                                
 awareness of patients’ rights in Thailand, Cambodia and Kyrgyzstan, especially with the issuance of the Constitution of the            
 Kingdom of Thailand, the Act on Court Proceedings for Consumer Cases B.E. 2551 (2008) (as amended), National Health Act B.E.           
 2550 (2007), and other applicable laws in Thailand, the Civil Code dated December 8, 2017 as amended by the Law on Implementation      
 of the Civil Code dated May 31, 2011, Law on Management of Donation and Transplantation of Human Cells, Tissues, and Organs            
 (2016) and Sub-Decree No. 61 on the Code of Medical Ethics (