Company: NIVFW
Filing Date: 2025-05-20
Form Type: F-1/A
Source: 0001213900-25-045737
Chunk: 212

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-20
Form: F-1/A
Chunk 212
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 in Thailand, Cambodia and Kyrgyzstan. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by changes in the political, economic, and legal environments in Thailand, Cambodia and Kyrgyzstan. The Company’s operations in Thailand, Cambodia and Kyrgyzstan are subject to special considerations and significant risks. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in Thailand, Cambodia and Kyrgyzstan, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things including natural disasters and wars. D. Inflation risk Management monitors changes in prices levels. Historically inflation has not materially impacted the Company’s consolidated financial statements; however, significant increases in the price of labor that cannot be passed to the Company’s customers could adversely impact the Company’s results of operations.

NOTE 17 — RELATED PARTY BALANCES AND TRANSACTIONS

The summary of amount due from and due to related
parties as the following:

| Due from shareholders consist of the following:  |     | Relationship                        |     | December 31, 
 2024         |          |   |     | 2023 |         |
|:-------------------------------------------------|:----|:------------------------------------|:----|:-------------|---------:|:--|:----|:-----|--------:|
| Mr. Siu Wing Fung, Alfred (“Mr. Siu”)            |     | Shareholders and directors          |     | $            |  404,549 |   |     | $    | 354,285 |
| Due to a related party consist of the following: |     |                                     |     |              |          |   |     |      |         |
| Ms. Fong Hei Yue, Tina (“Ms. Fong”)              |     | Shareholders and directors (note 1) |     |              | (497,200 | ) |     |      |         |
| Harcourt Limited                                 |     | A related party (note 2)            |     | $            |  (61,802 | ) |     | $    |       — |

Note:

| (1) | Ms. Fong is the spouse of Mr. Siu. The due to shareholders balance                                                
 as of December 31, 202