Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 95

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 95
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selection services in Hong Kong, promotional activities conducted by third parties, affiliates, or other associates on our behalf could
also expose us to liability under these laws.

On April 25, 2025, Wing Fung
Alfred Siu and Hei Yue Tina Fong, and other individuals, were arrested in Hong Kong for allegedly violating certain sections of the HRTO
which prohibit using reproductive technologies for sex selection, advertising sex selection services, commercial surrogacy arrangements,
and advertising surrogacy arrangements. All persons have been released on a bail amount of HKD 3,000 ($390), and no charges have been
filed as of the date of this prospectus. If convicted with an offence, each person could face a fine of up to HKD 25,000 (approximately
$3,200), and imprisonment for up to 6 months. Although we do not expect custodial sentences for any of the individuals, any custodial
sentence given to our Chief Executive Officer, Wing Fung Alfred Siu, could materially impact our business, financial condition, or results
of operations. In addition, although under BVI law, such minor first-time offenses would not automatically disqualify any directors or
executives from continuing to act in such positions, any director or executive officer found guilty of such offenses could cause reputational
harm to the Company. As we do not advertise or promote gender selection services in Hong Kong, and all such marketing activities
are carried out outside of Hong Kong or by agents outside of Hong Kong, we have not been, nor do we expect to be, materially impacted
by any such increased enforcement of the HRTO. Moreover, we do not expect any material impact on our ability to generate revenue from
Chinese clients, as our PRC-sourced revenues derived from clients in mainland China and Hong Kong are generated through referrals from
PRC agents, with payments being made by the clients directly to the local clinics.

Additionally, increased scrutiny
or enforcement actions by regulatory authorities in the jurisdictions in which we operate, especially in Hong Kong, could result in adverse
publicity, increased compliance costs, and significant disruption of our business operations in the region. As a result, any failure to
comply with applicable laws and regulations related to gender selection services could have a material adverse effect on our business,
financial condition, and results of operations.

Significant tariffs or other restrictions imposed on imports by the U.S. and related countermeasures taken by impacted countries could have a