Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 29

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 3
Chunk 29
---
 liabilities.

NewGenIvf relies on the physicians
and other medical professionals of the assisted reproductive medical facilities in its network to make proper clinical decisions regarding
the diagnosis and treatment of clients. However, NewGenIvf does not have full and direct control over every step of clinical activities
undertaken at each of the medical facilities. In addition, physicians and medical professionals outside NewGenIvf’s network may
introduce patients to NewGenIvf and conduct medical treatments and/or procedures for such patients in NewGenIvf’s facilities. NewGenIvf
enters into independent contractor agreements with such physicians and medical professionals and treats such patients as NewGenIvf’s
own patients. As such, NewGenIvf will have to bear any liabilities arising from their medical treatments and/or procedures conducted in
NewGenIvf’s facilities. Any incorrect clinical decision or malpractice on the part of physicians and other medical professionals
(including those from outside of its network), or any failure by the medical facilities in its network to properly manage their clinical
activities may result in unsatisfactory treatment outcomes, patient injury or even death, which could lead to disputes with patients and/or
their families or the medical professionals, including those from outside its network. In its experience, moreover, clients of fertility
treatments tend to be more demanding on the medical services received. In addition, the relevant laws governing medical disputes and claims
grant claimants’ liberal rights in bringing claims against physicians and other medical professionals practicing in the jurisdiction.
As a result, the medical facilities in its network may be subject to medical disputes and claims arising under relevant laws, from time
to time, which could generate substantial damages imposed on such facilities if not covered by professional liability insurance. Any dispute
with its patients and/or their families or the medical professionals, including those from outside its network, or any legal proceeding
involving the physicians of the medical facilities or medical professionals, including those from outside its network, regardless of its
merit or eventual outcome, could result in significant legal costs and reputational damage to the medical facilities and materially and
adversely affect the business, financial condition and results of operations of the medical facilities in its network, and further affect
its business, financial condition and results of operations.

The assisted reproductive medical facilities
in NewGenIvf’s network have limited control over the quality of the pharmaceuticals, medical equipment, medical consumables and
other supplies used in its operations, and cannot guarantee that the products in