Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 129

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 129
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3.

|                                     |     | December 31, |           |     |      |         |
|                                     |     |         2024 |           |     | 2023 |         |
| Operating lease                     |     |          US$ |           |     |      |         |
| - Payable less than 1 years         |     |              |   111,321 |     |      | 209,303 |
| - Payable 1 – 2 years               |     |              |    10,300 |     |      | 111,613 |
| - Payable 2.- 5 years               |     |              |         — |     |      |  10,373 |
| Total                               |     |              |   121,621 |     |      | 331,289 |
| Finance; lease                      |     |              |           |     |      |         |
| Lease liabilities – current portion |     |              |         - |     |      |   6,446 |
| -                                   |     |              |           |     |      |         |
| Convertible bonds-                  |     |              |           |     |      |       - |
| 2025                                |     |              |   516,250 |     |      |       - |
| 2026                                |     |              |   457,250 |     |      |       - |
| 2027                                |     |              |   457,250 |     |      |       - |
| 2028                                |     |              |   507,250 |     |      |       - |
| 2029                                |     |              | 3,269,625 |     |      |       - |
| Total                               |     |              | 5,207,625 |     |      |         |

<div align='center'>74</div>

The convertible bonds have
the option of being converted to Class A ordinary shares at the discretion of the holder, any time after issuance. The conversion, however,
is subject to certain terms and conditions, including the requirement of the shareholdings not to exceed 9.99% of the Company’s
shares. As of December 31, 2024, this criterion has been met.

Off-Balance Sheet Commitments and Arrangements

NewGenIvf has not entered
into any financial guarantees or other commitments to guarantee the payment obligations of any third parties, nor