Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 182

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 182
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uneration for principal shareholders

The Company has previously
recorded no directors’ remuneration to Mr. Siu Wing Fung, Alfred and Ms. Fong Hei Yue, Tina, who are concurrently directors
and principal shareholders of the Company. The absent of cost recognition was incorrect. According to SAB Topics 1:B and 5.T., principal
shareholders not receiving compensation for their time and effort serving as directors are making a capital contribution to the Company.
The Company has reassessed the fair value of services rendered by these directors and has determined that it should be recorded as an
operating expense and additional paid-in capital.

Emphasis of Matter — Going Concern

The accompanying financial
statements have been prepared assuming that the Company will continue as a going concern. As of December 31, 2021, the Company had
a working capital deficit and shareholders’ deficit, accordingly, these factors gave rise to substantial doubt that the Company
would continue as a going concern. As of December 31, 2022, the Company had an improvement in its capital position where the Company
had net positive shareholders’ equity position, but the Company still had a working capital deficit; accordingly, the Company had
not alleviated the substantial doubt that it would continue as a going concern. Management closely monitors the Company’s financial
position and result of operations and has prepared a plan that includes raising additional capital and implementing improvements to increase
profitability to address this substantial doubt. Details of this plan are also found in Note 1. These financial statements do not include
any adjustments that might result from the outcome of this uncertainly.

<div align='center'>F-2</div>

Basis for Opinion

These consolidated financial
statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting
Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits
in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is
not required to have, nor were we