Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 75

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 75
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GenIvf also hopes to keep its clients by providing discounts in treatment services and via the “success guarantee”
program for egg donation services in Cambodia and surrogacy services in Kyrgyzstan, which provides treatments to clients until a success
is achieved.

Based on its increasingly
recognized reputation, NewGenIvf believes that there is substantial opportunity to continue to grow its revenue through attracting new
clients. NewGenIvf’s addressable market is couples who want to have children, egg freezing patients, LGBT groups and couples with
genetic abnormalities, particularly those in Asia Pacific. NewGenIvf believes that its current client base represents a small percentage
of its total market opportunity. NewGenIvf intends to attract new clients by, among other things, making significant investments in sales
and marketing to engage, educate and drive awareness of the unmet need of fertility treatment among its potential clients and by its customer-reference
discounts mechanism. Additionally, NewGenIvf believes that its expanding presence has resulted in a heightened awareness of the need to
offer fertility services and the value it provides to its clients, which it believes will help facilitate its growth. In addition, NewGenIvf
is continuously utilizing its established client relationships to evaluate other potential services that could benefit its clients and
simultaneously drive its growth.

International traveling conditions

The revenue from international
clients is a critical component of NewGenIvf’s revenue. International traveling to Thailand, Cambodia and Kyrgyzstan may be affected
by a number of factors, including local and global political, economic and cultural conditions. Furthermore, an outbreak, or threatened
outbreak, of any severe contagious disease may also in turn significantly reduce the demand of traveling. For example, the COVID-19 pandemic
has had resulted in a number of countries declaring a state of emergency and a number of countries, including the countries in Asian Pacific,
imposing extensive travel restrictions. NewGenIvf’s revenue in the year 2021 was significantly adversely affected due to the impact
from COVID-19 travel restrictions. In addition, a Chinese crime thriller, No More Bets, which has grossed more than $500 million
at the international box office since its August 2023 release and which tells the harrowing story of characters being lured and kidnapped
into a violent scam ring in an unnamed Southeast Asian country after accepting lucrative overseas job offers, and the continuing social
media coverage may have brought fears and safety concerns to Chinese tourists of being scammed and kidnapped in Thailand and Cambodia.