Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 183

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 183
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 exchange rates.

The Company’s monetary
assets and liabilities are mainly denominated in HK$, THB and RMB which are the same as the functional currencies of the relevant group
entities. Hence, in the opinion of the directors of the Company, the currency risk of US$ is considered insignificant. The Company currently
does not have a foreign currency hedging policy to eliminate currency exposures. However, the directors monitor the related foreign currency
exposure closely and will consider hedging significant foreign currency exposures should the need arise.

C. Economic and political
risks

The Company’s operations
are mainly conducted in Thailand, Cambodia and Kyrgyzstan. Accordingly, the Company’s business, financial condition, and results
of operations may be influenced by changes in the political, economic, and legal environments in Thailand, Cambodia and Kyrgyzstan.

The Company’s operations
in Thailand, Cambodia and Kyrgyzstan are subject to special considerations and significant risks. These include risks associated with,
among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely
affected by changes in the political and social conditions in Thailand, Cambodia and Kyrgyzstan, and by changes in governmental policies
with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods
of taxation, among other things including natural disasters and wars.

D. Inflation risk

Management monitors changes
in prices levels. Historically inflation has not materially impacted the Company’s consolidated financial statements; however, significant
increases in the price of labor that cannot be passed to the Company’s customers could adversely impact the Company’s results
of operations.

NOTE 17 - RELATED PARTY BALANCES AND TRANSACTIONS

The summary of amount due from and due to related
parties as the following:

                                                                                                 December 31,                           
                                                        Relationship                             2024                             2023  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Due from shareholders consist of the following:                                                                                       
  Mr. Siu Wing Fung, Alfred (“ Mr. Siu”)                Shareholders and directors               $                   404,549      $     
  Due to a related party consist of the following:                                                                                      
  Ms. Fong Hei Yue, Tina (“ Ms. Fong”)                  Shareholders and directors (note 1)                        ( 497,200            
  Harcourt Limited                                      A related party (note 2