Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 10

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 3
Chunk 10
---
────────────────────────────────────────────────────────────────────────────────────────────────────────────

These investments may not
result in increased revenue growth in its business. If NewGenIvf is unable to increase its revenue at a rate sufficient to offset the
expected increase in its costs, its business, financial position, and results of operations will be harmed, and NewGenIvf may not be able
to maintain profitability over the long term. Additionally, NewGenIvf may encounter unforeseen operating expenses, difficulties, complications,
delays and other unknown factors that may result in losses in future periods.

If its revenue growth does
not meet its expectations in future periods, NewGenIvf may not maintain profitability in the future, its business, financial position
and results of operations may be harmed.

NewGenIvf’s interim and annual results
may fluctuate significantly and may not fully reflect the underlying performance of NewGenIvf’s business.

NewGenIvf’s interim
and annual results of operations, including the levels of NewGenIvf’s revenues, expenses, net (loss)/income and other key metrics,
may vary significantly in the future due to a variety of factors, some of which are outside of NewGenIvf’s control, and period-to-period
comparisons of NewGenIvf’s operating results may not be meaningful, especially given NewGenIvf’s limited operating history.
Accordingly, the results for any one fiscal half-year or any one fiscal year are not necessarily an indication of future performance.
Fluctuations in interim and/or annual financial results may adversely affect the price of NewGenIvf’s ordinary shares. Factors that
may cause fluctuations in NewGenIvf’s interim and annual financial results include:

  NewGenIvf’s ability to attract new customers and maintain relationships with existing customers;  

  changes in NewGenIvf’s products and services offered and introduction of new services and products;  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────

  the amount and timing of operating expenses related to marketing and the maintenance and expansion of NewGenIvf’s business, operations and infrastructure;  

  general economic, industry and market conditions; and  

  the timing of expenses related to the development or acquisition of technologies or businesses.  

If the estimates and assumptions NewGenIvf
uses to determine the size of the target markets for its services are inaccurate, its future growth rate may be impacted and its business
would be harmed.

Market opportunity estimates
and growth forecasts are