Company: NIVFW
Filing Date: 2025-05-29
Form Type: F-1/A
Source: 0001213900-25-048554
Chunk: 182

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-29
Form: F-1/A
Chunk 182
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 Merger. In addition, pursuant to the First Amendment, subject to receipt of at least $ 140,000as part of the Loan from Legacy NewGenIvf, ASCA agreed to waive its termination rights and the right to receive any break-up fee due to Legacy NewGenIvf’s failure to deliver audited financial statements by no later than February 28, 2023. On December 6, 2023, the parties to the Merger Agreement entered into the Second Amendment to the Merger Agreement (the “Second Amendment”) which amended and modified the Merger Agreement to, among other things, (i) reduce the size of NewGenIvf’s board of directors following the consummation of the Business Combination to five (5) directors, two (2) of whom would be executive directors designated by NewGenIvf and three (3) of whom will be designated by NewGenIvf to serve as independent directors in accordance with Nasdaq requirements, (ii) provide for the conversion of NewGenIvf shares issued by NewGenIvf following the original date of the Merger Agreement into Class A Ordinary Shares in connection with the Acquisition Merger, and (iii) remove the condition that ASCA have in excess of $ 5,000,000in net tangible assets immediately after the consummation of the Business Combination. On April 3, 2024, the Business Combination was consummated with the Company as the surviving entity. F-9

The following is an organization chart of the
Company and its subsidiaries as of December 31, 2024:

The Company’s subsidiaries are detailed
in the table as follows:

| Name                                                                       
 NewGenivf Limited                                                          
 FFPGS (HK) Limited                                                         |     | Background                                                                                       
 ●   A Cayman Islands company ●   Incorporated on 16 January, 2019                                
 ●   A Hong Kong company ●   Incorporated on December 19, 2019                                    |     | Ownership % 
 100%        
 100%        |     | Principal activity                                                  
 Investment holding                                                  
 Marketing and administrative services                               |
|:---------------------------------------------------------------------------|:----|:-------------------------------------------------------------------------------------------------|:----|:------------|:----|:--------------------------------------------------------------------|
| Well Image Limited                                                         |     | ●   A Hong Kong company ●   Incorporated on July 11, 2008                                        |     | 100%        |     | Investment holding                                                  |
| Med Holdings Limited (“Med Holdings”) (Note)                               |