Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 225

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 225
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 |   |       - |
| Compensation payable (Note 1)    |     |              | 100,802 |     |   | 144,015 |
| Other payables                   |     |              | 167,762 |     |   |  46,616 |
|                                  |     | $            | 500,729 |     | $ | 241,613 |

<div align='center'>F-21</div>

NOTE 9 — CONTRACT LIABILITIES

Contract liabilities consist of the following:

|                                       |     | December 31, |    2024 |   |     |   |       2023 |   |
|:--------------------------------------|:----|:-------------|--------:|:--|:----|:--|-----------:|:--|
| Balance at beginning of year          |     | $            |   7,937 |   |     | $ |  1,360,168 |   |
| Additions                             |     |              |  75,340 |   |     |   |    112,006 |   |
| Recognized to revenue during the year |     |              | (19,788 | ) |     |   |   (122,662 | ) |
| Refund to customers (Note 1)          |     |              |       - |   |     |   | (1,341,575 | ) |
| Balance at end of year                |     | $            |  63,489 |   |     | $ |      7,937 |   |

| Note 1: | Refund to customers are                                                                                                              
 in relation to China-based clients who prepaid for surrogacy and ancillary caring services but requested for refund of fees so that  
 they may appoint their own surrogate mothers in countries in which the Company does not conduct business. The Company sent the funds 
 to accounts dictated by the clients and terminated service contract with those clients.                                              |

NOTE 10 — CONVERTIBLE NOTES, PROMISSORY NOTES, DERIVATIVE LIABILITY AND WARRANTS

Convertible Notes

| Convertible notes, at amortised cost are as follows: |     | December 31, 
 2024         |           |     | 2023 |   |
|:-----------------------------------------------------|:----|:-------------|----------:|:----|:-----|:--|
| Convertible notes at amortised cost                  |     | $            | 3,059,595