Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 105

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 105
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 time appoint
any person to be a director either to fill a vacancy or as an addition to the existing directors. Where the directors appoint a person
as director to fill a vacancy, the term shall not exceed the term that remained when the person who has ceased to be a director ceased
to hold office. A vacancy in relation to directors occurs if a director dies or otherwise ceases to hold office prior to the expiration
of his term of office.

Interested Transactions

A director may, subject to
any separate requirements for Audit Committee approval under applicable laws or applicable Nasdaq Stock Market Listing Rules, vote on
a matter relating to the transaction in which he or she is interested, provided that the interest of any directors in such transaction
is disclosed by him or her to all other directors.

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Director Agreements

We have entered into director
agreements with our directors, which require us to maintain director and officer liability insurance for our directors, provide reimbursements
for business related travel and accommodation and other reasonable expenses, and an annual remuneration of between $20,000 to $25,000
for our independent directors, and a total of $250,000 and $380,000 for both of our executive directors in the years of 2023 and 2024
respectively.

Employees

NewGenIvf has 87 full-time
employees, of which 72 are based in Thailand, Cambodia and Kyrgyzstan. NewGenIvf aims to attract and retain employees with the skills,
and experience necessary to implement its growth strategy. The following table sets forth the number of its employees in Thailand, Cambodia
and Kyrgyzstan by function as of August 1, 2025:

| Function                        |     | Number of 
 employees |    |
| Thailand                        |     |           |    |
| Medical professionals           |     |           | 16 |
| Administrative staff and others |     |           | 22 |
| Sub-total                       |     |           | 38 |
| Cambodia                        |     |           |    |
| Medical professionals           |     |           | 12 |
| Administrative staff and others |     |           | 12 |
| Sub-total                       |     |           | 24 |
| Kyrgyzstan                      |     |           |    |
| Medical professionals           |     |           |  3 |
| Administrative staff and others |     |           |  7 |
| Sub-total                       |     |           | 10 |
|