Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 46

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 46
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vf’s
assumptions regarding these risks and uncertainties and its future revenue growth are incorrect or change, or if it does not address these
risks successfully, its operating and financial results could differ materially from its expectations, and its business could suffer.

Our planned Solana strategy may not be successful and exposes us to various risks, including risks associated with the Solana network, SOL token and the blockchain sector.

On June 2, 2025, we announced
plans to invest up to US$30 million in staking the digital asset SOL (the native token of the Solana network) and funding such investment
using our existing credit facilities. “Staking SOL” refers to the process of delegating our acquired SOL tokens to independent
validator nodes on the Solana network to participate in its proof-of-stake consensus mechanism. In return for this delegation, we earn
staking rewards, which are distributed approximately every 2-3 days (each period known as an “epoch”). This strategy is intended
to generate returns through (i) these staking rewards, currently yielding approximately 6.78% APY, and (ii) potential appreciation in
the value of the SOL tokens we hold. Our primary costs include validator commissions (typically 0-10% of rewards), network transaction
fees, custodial service fees, and, if credit facilities are used for funding, interest expense on such credit facilities.

We have structured this strategy
in phases:

| ● | Phase 1 (completed June-July 2025): We acquired                                                           
 an initial position of 6,703.99 SOL (approximately $1.24 million at acquisition) as an operational pilot. |

| ● | Phase 2 (Q3 2025 – Q4 2026): We plan to                                                                                                 
 systematically deploy the remaining capital (approximately $28.76 million) using a dollar-cost averaging methodology to mitigate market 
 timing risk.                                                                                                                            |

| ● | Phase 3 (ongoing): we will actively manage our   
 validator relationships and reward optimization. |

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As of September 15, 2025,
we hold 13,000.23 SOL tokens, with a total value of approximately $3.16 million and an unrealized gain of approximately $1.16 million.
However, our past performance is not indicative of future results, and we face numerous material risks that could prevent us from realizing
our strategy or result in a complete or partial loss of our