Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 125

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 11
Chunk 125
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141, US$17,059 and Nil, respectively.

Cash flow interest rate risk

NewGenIvf is exposed to cash flow interest rate
risk through the changes in interest rates related mainly to its variable-rates bank balances.

NewGenIvf currently does not have any interest
rate hedging policy in relation to fair value interest rate risk and flow interest rate risk. The directors monitor NewGenIvf’s
exposures on an ongoing basis and will consider hedging the interest rate should the need arises.

NewGenIvf has an outstanding convertible note
of $3,150,000 as of December 31, 2024. The convertible note carries an annual fixed interest rate. Thus, the interest rate fluctuation
risk has been controlled.

Sensitivity analysis

The sensitivity analysis below has been determined
by assuming that a change in interest rates had occurred at the end of the reporting period and had been applied to the exposure to interest
rates for financial instruments in existence at that date. 1% increase or decrease is used when reporting interest rate risk internally
to key management personnel and represents management’s assessment of the reasonably possible change in interest rates.

If interest rates had been 1% higher or lower
and all other variables were held constant, NewGenIvf’s post tax loss for the years ended December 31, 2024 and 2023 would have
increased or decreased by approximately US$26,894 and US$122, respectively.

Foreign currency risk

Foreign currency risk is the risk that the holding
of foreign currency assets will affect NewGenIvf’s financial position as a result of a change in foreign currency exchange rates.

NewGenIvf’s monetary assets and liabilities
are mainly denominated in HK$ and THB which are the same as the functional currencies of the relevant group entities. Hence, in the opinion
of the directors of NewGenIvf, the currency risk of US$ is considered insignificant. NewGenIvf currently does not have a foreign currency
hedging policy to eliminate currency exposures. However, the directors monitor the related foreign currency exposure closely and will
consider hedging significant foreign currency exposures should the need arise.

Economic and political risks

NewGenIvf’s operations are mainly conducted
in Thailand, Cambodia and Kyrgyzstan. Accordingly, NewGenIvf’s business, financial condition, and results of operations may be influenced
by changes in the political, economic, and legal environments in Thailand, Cambodia and Kyrgyzstan.

NewGen