Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 68

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 68
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 Ordinary Shares. As of the date of this prospectus, these Class B Ordinary Shares constitute approximately
0.191% of our total issued and outstanding shares and 16.04% of the aggregate voting power of our total issued and outstanding shares
due to the disparate voting powers associated with our dual-class share structure. As a result of the dual-class share structure and the
concentration of control, holders of Class B Ordinary Shares have considerable influence over matters such as decisions regarding election
of directors and other significant corporate actions. Such holders may take actions that are not in the best interest of us or our other
shareholders. This concentration of control may discourage, delay, or prevent a change in control of us, which could have the effect of
depriving our other shareholders of the opportunity to receive a premium for their shares as part of a sale of us and may reduce our share
price. This concentrated control will limit the ability of holders of Class A Ordinary Shares to influence corporate matters and could
discourage others from pursuing any potential merger, takeover, or other change of control transactions that holders of Class A Ordinary
Shares may view as beneficial.

Substantially all of NewGenIvf’s assets and operations are located in Thailand, Cambodia and Kyrgyzstan and they are subject to economic, legal and regulatory uncertainties in such countries.

Substantially all of NewGenIvf’s
operations and assets are based in Thailand, Cambodia and Kyrgyzstan. As a result, its businesses and operations are subject to the
changing economic conditions prevailing from time to time in such countries. Since 2020, Thailand’s economy has been experiencing
a slowdown. According to the National Economic and Social Development Board of Thailand (the “NESDB”) the GDP growth rate
of Thailand declined to minus 6.1% in 2020 and slightly recovered to 1.6% in 2021 and 2.6% in 2022. Under such conditions, the NESDB projected
that Thailand’s economy will only grow by 3.0% to 4.0% in 2023, lower than the previously growth in historical years. Meanwhile,
Cambodia’s post-pandemic economic recovery has gained momentum, but remains uneven. Traditional growth drivers, especially manufacturing
and agricultural commodities exports, have fully recovered. However, while travel and tourism have improved, the sector remains well below
pre-COVID-19 levels. The subsequent impact also caused the vendors and customers preference change, lower the willingness