Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 49

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 49
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 illiquidity of our SOL holdings which subject us to market timing
risk, custodial risks associated with using third-party staking services. As of July 25, 2025, we have accumulated total SOL holdings
of 6703.99, valued at approximately US$1.24 million. We may not be able to acquire additional holdings of SOL or realize our Solana strategy
in the future. In addition, we and our management team do not have significant experience within the cryptocurrency and blockchain sectors,
and we may not be successful in realizing our Solana strategy.

NewGenIvf’s marketing efforts depend significantly on its ability to receive positive references from its existing clients.

NewGenIvf’s marketing
efforts depend significantly on its ability to call on its current clients to provide positive references to new, potential clients. Given
its limited number of long-term clients, the loss or dissatisfaction of any client could substantially harm its brand and reputation,
inhibit the market adoption of its offering and impair its ability to attract new clients and maintain existing clients. Any of these
consequences could have an adverse effect on its business, financial condition and results of operations.

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As a public reporting company, we are subject to filing deadlines for reports that we file pursuant to the Exchange Act, and our failure to timely file such reports may have material adverse consequences on our business.

In the past, we have not been
able to, and may continue to be unable to produce timely financial statements, and file these financial statements as part of a periodic
report in a timely manner with the SEC. For example, we failed to timely file with the SEC the requisite Form 20-F for the year ended
December 31, 2023. Consequently, we were not compliant with the periodic reporting requirements under the Exchange Act at such time. We
cannot guarantee that in the future our reporting will always be timely. Our failure to timely file future periodic reports with the SEC
could subject us to enforcement action by the SEC and shareholder lawsuits and could eventually result in the delisting of our Class A
Ordinary Shares from Nasdaq, regulatory sanctions from the SEC, and/or the breach of covenants in our credit facilities or of any preferred
equity or debt securities we may issue in the future, any of which could have a material adverse impact on our operations and your investment
in our Class A Ordinary Shares, and our ability to register with the SEC public offerings of our securities for our benefit or