Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 203

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 203
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5 | % |     |      |          5 | % |
| Short term lease cost                                    |     |            $ |    114,937 |   |     |    $ |     89,380 |   |

The following is a schedule of future minimum payments under operating leases as of December 31, 2023:

|                                    |     | December 31, 
 2023         |         |   |
|:-----------------------------------|:----|:-------------|--------:|:--|
| Not later than 1 year              |     | $            | 240,835 |   |
| Between 1 to 2 years               |     |              | 111,613 |   |
| Between                            
 2 to 3 years                       |     |              |  10,373 |   |
| Total lease payments               |     |              | 362,821 |   |
| Less: imputed                      
 interest                           |     |              | (36,714 | ) |
| Total operating                    
 lease liabilities, net of interest |     | $            | 326,107 |   |

F-25 NEWGENIVF LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(Stated in US Dollars)

NOTE 10 — EQUITY

Ordinary shares

As at December 31, 2023, the Company is authorized to issue 5,000,000ordinary shares. Each ordinary share is entitled to onevote. The holders of ordinary shares are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors of the Company.

On April 3, 2024, the Company completed the business combination with A SPAC I Acquisition Corp.

The equity of the Company as of December 31, 2023 and 2022 represents 698,123and 601,830ordinary shares amounting to $ 6,981and $ 6,018, respectively.

Subscription receivables

|                                     |     | December 31, |      2023 |   |     |   |    2022 |
|:------------------------------------|:----|:-------------|----------:|:--|:----|:--|--------:|
| Balance at beginning                
 of year                             |     | $            |   319,872 |   |     | $ |       — |