Company: NIVFW
Filing Date: 2025-05-15
Form Type: 20-F/A
Source: 0001213900-25-043940
Chunk: 4

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-15
Form: 20-F/A
Chunk 4
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its 12.1, 12.2, 12.3 and 12.4. Table of Contents

|                                                           |     | Page |
| PART I                                                    |     |    1 |
| Item 7. Major Shareholders and Related Party Transactions |     |    1 |
| PART III                                                  |     |    2 |
| ITEM 19. EXHIBITS                                         |     |    2 |

i PART I ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS B. Related Party Transactions A summary of related parties of the Company is as follows:

|                                                       |     | Relationship               |
| Mr. Siu, Wing Fung Alfred and Ms. Fong, Hei Yue Tina* |     | Shareholders and directors |
| Harcourt Limited                                      |     | Controlled by Mr. Siu      |

| * | Ms.                           
 Fong is the spouse of Mr. Siu |

Transaction with Mr. Wing Fung Alfred Siu and Ms. Hei Yue Tina Fong Historically, certain amount of cash provided by operating activities was given to Mr. Wing Fung Alfred Siu and Ms. Hei Yue Tina Fong, resulting in amount due from them. For the year ended December 31, 2023, the largest aggregate amount due from Mr. Siu, Wing Fung Alfred and Ms. Fong, Hei Yue Tina was US$2,240,872. Mr. Siu and Ms. Fong had repaid the outstanding amounts due pursuant to the terms and conditions of the repayment agreement dated August 14, 2023. As of December 31, 2024, the aggregate balance of amount due to Mr. Siu and Ms. Fong was US$92,651. In addition, NewGenIvf also recorded remuneration to its directors, Mr. Siu and Ms. Fong. The remuneration to Mr. Siu, Wing Fung Alfred was US$125,000 and US$190,000 during the year ended December 31, 2023 and 2024, respectively. The remuneration during the years ended December 31, 2023 and 2024 was all in the nature of the fair value of the services provided by Mr. Siu and Ms. Fong. Mr. Siu Wing Fung also entered into agreement to waive the balance of due from the Company of US$88,151 in 2023.