Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 190

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 190
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 or around May 2, 2025, and that its Class A Ordinary Shares will begin trading on the Nasdaq Capital Market (“ Nasdaq”)
on a post-Reverse Stock Split basis on such date. The Reverse Stock Split is intended for the Company to remain compliant with a minimum
bid price of $1.00per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2).

No fractional shares will
be issued in connection with the Reverse Stock Split. Instead, the Company will issue one full post-Reverse Stock Split Class A Ordinary
Share to any shareholder at a participant level who would have been entitled to receive a fractional share as a result of the process.
After the Reverse Stock Split, all options, warrants and other convertible securities of the Company outstanding immediately prior to
the Reverse Stock Split will be adjusted by dividing the number of Class A Ordinary Shares into which the options, warrants and other
convertible securities are exercisable or convertible by ten (10) in accordance with the terms of the plans, agreements or arrangements
governing such options, warrants and other convertible securities and subject to rounding to the nearest whole share.

Subsequent to the year end
and to the date of this report, $3,150,000convertible notes outstanding as of December 31, 2024 had been converted to additional2,594,252Class A ordinary shares while Promissory Notes of $500,000outstanding as of December 31, 2024 were settled. A further1,660,000shares
totaling $5,193,763were issued under the Equity Line of Credit with White Lion.

Other than the events mentioned
above, there have been no other subsequent events noted till the date of these financial statements.

NOTE 23 - RECLASSIFICATION
AND COMPARATIVE FIGURES

Certain prior year amounts
have been reclassified to conform to the current year’s presentation. These include the re-presentation of share-based compensation
to consultants pursuant to service agreements. In the prior year, compensation for future services to be rendered were recorded as subscription
receivables in the Statement of Equity. In the current year, these compensation for services has been reclassified and measured at the
fair value of the shares issued as compensation at grant date in accordance with ASC 718. This reclassification had no effect on previously
reported net income.

The comparative figures in the consolidated balance sheets, statement
of equity, consolidated statements of cash flows,