Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 98

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 98
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 his death, resignation or removal from office by resolution
of directors with or without cause or be removed by the shareholders for cause only by a resolution approved at a duly convened and constituted
meeting of the shareholders of the Company by the affirmative vote of not less than 75% of the votes of the shares entitled to vote thereon
which were present at the meeting and were voted. The directors may at any 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 $240,000 for our executive directors.

Employees

NewGenIvf had 76 full-time
employees, of which 64 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 December 31, 2024:

| Function                        |     | Number of 
 employees |    |
| Thailand                        |     |           |    |
| Medical professionals           |     |           | 16 |
| Administrative staff and others |     |           | 14 |
| Sub-total                       |     |           | 30 |
| Cambodia                        |     |           |    |
| Medical professionals           |     |           | 12 |
| Administrative staff and others |     |           | 13 |
| Sub-total                       |     |