Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 7

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 3
Chunk 7
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 its solutions, particularly if such competing solutions are adopted by its competitors, its ability to sell
its solutions could be impaired. As a result of these and other factors, NewGenIvf may be unable to attract new clients, which would have
an adverse effect on its business, financial condition and results of operations.

NewGenIvf’s business depends on its
ability to maintain its existing client demographics. Any failure to do so would harm its business, financial condition and results of
operations.

As part of its growth strategy,
NewGenIvf is focused on maintaining its services within its existing client demographics. NewGenIvf mainly competes with mid-level private
clinics and hospitals, which have improved and developed their services and equipment over the years. In addition to private clinics
and hospitals already existing, foreign medical companies may also enter the markets where NewGenIvf operates. Such foreign medical companies
may be well-placed to compete with NewGenIvf due to their larger network size, reputation as global players and access to more advanced
technology and financial resources. The expansion of existing competitors in the industry may erode NewGenIvf’s existing market
share or decrease its traditional client pool. There can be no assurance that NewGenIvf will be able to compete effectively and therefore
its future business growth may suffer.

A significant reduction in the utilization
of NewGenIvf’s solutions could have an adverse effect on its business, financial condition and results of operations.

A significant reduction in
the number of clients using NewGenIvf’s solutions could adversely affect its business, financial condition and results of operations.
Factors that could contribute to a reduction in the use of its solutions include: general economic downturn that results in adverse financial
conditions; regulatory changes; failure to adapt and respond effectively to changing medical landscape, changing regulations, changing
client needs, requirements or preferences; negative publicity, through social media or otherwise and news coverage.

If NewGenIvf fails to offer high-quality
support, its reputation could suffer.

NewGenIvf relies on its client
account management personnel and the patient navigators (the “ PNs”) to resolve client issues and help clients realize the
full benefits that its solutions and services provide. High-quality support is also important for the renewal and expansion of its services
to existing clients. The importance of its support functions will increase as NewGenIvf expands its business and pursue new clients. If
NewGenIvf does not help its clients quickly resolve issues and provide effective ongoing