Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 225

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 225
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 | December 31, 
 2024         |   |     | 2023 |       |
|:------------------------------------|:----|:-------------|:--|:----|:-----|------:|
| Lease liabilities – current portion |     | $            | - |     | $    | 6,446 |

The following is a schedule of future minimum
payments under operating leases as of December 31, 2024:

|                                                    |     | December 31, 
 2024         |         |   |
|:---------------------------------------------------|:----|:-------------|--------:|:--|
| Not later than 1 year                              |     | $            | 111,321 |   |
| Between 1 to 2 years                               |     |              |  10,300 |   |
|                                                    |     |              |       - |   |
| Total lease payments                               |     |              | 121,621 |   |
| Less: imputed interest                             |     |              |  (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 $98,570 and $283,847 right of use (“ROU”) assets and $118,757 and $326,107 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 0.125% was
the most indicative rate of the Company’s borrowing cost for the calculation of the present value of the lease payments; the rate