Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 120

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 10
Chunk 120
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 the Company is treated as a PFIC the excess, if any, of the fair market value of its Class
A Ordinary Shares at the end of its taxable year over the adjusted basis in its Class A Ordinary Shares. The U. S. Holder also will
be allowed to take an ordinary loss in respect of the excess, if any, of the adjusted basis of its Class A Ordinary Shares over the fair
market value of its Class A Ordinary Shares at the end of its taxable year (but only to the extent of the net amount of previously recognized
income as a result of the mark-to-market election). The U. S. Holder’s adjusted tax basis in its Class A Ordinary Shares will
be adjusted to reflect any such income or loss amounts, and any further gain recognized on a sale or other taxable disposition of the
Class A Ordinary Shares in a taxable year in which the Company is treated as a PFIC will be treated as ordinary income. Special tax rules
may also apply if a U. S. Holder makes a mark-to-market election for a taxable year after the first taxable year in which the U. S. Holder
holds (or is deemed to hold) its Class A Ordinary Shares and for which the Company is treated as a PFIC. Currently, a mark-to-market
election may not be made with respect to the Warrants.

The mark-to-market election
is available only for stock that is regularly traded on a national securities exchange that is registered with the SEC, including Nasdaq
(on which the Company Securities are traded), or on a foreign exchange or market that the IRS determines has rules sufficient to
ensure that the market price represents a legitimate and sound fair market value. Such stock generally will be “regularly traded”
for any calendar year during which such stock is traded, other than in de minimis quantities, on at least 15 days during each calendar
quarter, but no assurances can be given in this regard with respect to the Class A Ordinary Shares. U. S. Holders should consult their
own tax advisors regarding the availability and tax consequences of a mark-to-market election in respect of the Class A Ordinary Shares
under their particular circumstances.

If the Company is a PFIC
and, at any time, has a foreign subsidiary that is classified as a PFIC, U. S. Holders generally would be deemed to own a portion
of the shares of such lower-tier PFIC, and generally could incur liability for the deferred tax and interest charge described above if
the Company were to