Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 153

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 153
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 Provision of IVF treatment                                           
                                                                                                                                                                                                                  
                                                                                   ● Incorporated on March 6, 2014                                                                                                
  First Fertility Phnom Penh Limited (“ FFPP”)                                     ● A Cambodia company                            100%      Provision of IVF treatment                                           
                                                                                                                                                                                                                  
                                                                                   ● Incorporated on August 10, 2015                                                                                              
  Bi Clinic Ltd (“ FFBi”)                                                          ● A Kyrgyzstan company                          100%      Provision of IVF treatment, surrogacy and ancillary caring services  
                                                                                                                                                                                                                  
                                                                                   ● Incorporated on December 16, 2021                                                                                            
                                                                                                                                                                                                                  
                                                                                   ● Acquired on December 17, 2024                                                                                                
  Shenzhen Qianhai Fengtai Renhui Health Technology Co., Ltd. (“ SZ QianHai”)      ● A Shenzhen China, PRC company                 100%      Marketing and administrative services                                
                                                                                                                                                                                                                  
                                                                                   ● Incorporated on October 24, 2024                                                                                             
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  Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds significantly more voting rights than any other vote holder or organized company of vote h...  

F-9

Note:

According to Thailand’s
Foreign Business Act (the “ FBA”), the majority shareholdings of limited company incorporated in Thailand is required to be
owned by Thai nationals.

With reference to the capital
structure and voting rights structure of ordinary shares and preference shares (the “ Share Structure”) of Med Holdings and
FFC, all the preference share capital shall be owned by a Thai national. No preference shares, however, have been issued to date. The
ordinary shares and preference shares have the same rights and status in all respects except for the distribution of profits by way of
dividends with details as follow:

  (a)      Dividends from profits of Med Holdings and FFC shall be allocated to the holders of preference shares at a rate fixed from time to time by the board of directors prior to allocating to the hold...  

  (b)      After allocation of dividends as per (a) above, the rest of the dividends shall be distributed equally amongst the holders of ordinary shares according to their shareholding ratio;  

  (c)      The holders of preferred shares shall be entitled to dividends only in respect of the