Company: NIVFW
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038045
Chunk: 207

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-01
Form: F-1/A
Chunk 207
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 (2,864 | ) |
| Total operating lease liabilities, net of interest |     | $            | 118,757 |   |

Other lease information is as follows:

|                                                   |     | December 31, |            |   |     |      |            |   |
|                                                   |     |         2024 |            |   |     | 2023 |            |   |
|                                                   |     |              | 2.75 years |   |     |      | 0.92 years |   |
| Weighted-average discount rate – operating leases |     |              |          5 | % |     |      |          5 | % |
| Short term lease cost                             |     |            $ |    234,767 |   |     |    $ |    114,937 |   |

As of December 31, 2024 and
2023, there were $ and $ right of use (“ROU”) assets and $ and $ lease liabilities based on the
present value of the future minimum rental payments of leases, respectively. The Company’s management believes that using an incremental
borrowing rate of the minimum loan rate and the Hong Kong Dollar Best Lending Rate (“BLR”) minus % was the
most indicative rate of the Company’s borrowing cost for the calculation of the present value of the lease payments; the rate used
by the Company was % and % respectively.

NOTE 12 — EQUITY Ordinary shares As at December 31, 2023 and December 31, 2024, the Company is authorized to issue 10,000,000ordinary 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. The equity of the Company as of December 31, 2024 and 2023 represents 1,138,519and 507,469ordinary shares with par value of $ Nil. The number of shares as above have taken into consideration the reverse stock split effected on February 11, 2025 at an exchange ratio of one (1) share for twenty (20) shares. Pursuant to ASC 505 the reverse stock split has been applied retrospectively. F-23

Additional paid-in capital

| Balance as at January 1,2023                                                           |     | $ |  1,464,959 |   |
| Issuance of shares as compensation for services (