Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 287

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 287
---
 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:

|                                              |     |                            | Relationship |   |    June 
     30, 
    2025 |     |   | December 31, 
         2024 |   |
|:---------------------------------------------|:----|:---------------------------|:-------------|:--|--------:|:----|:--|-------------:|:--|
| Due from shareholders consist                
 of the following:                            |     |                            |              |   |         |     |   |              |   |
| Mr. Siu                                      
 Wing Fung, Alfred (“Mr. Siu”)                |     | Shareholders and directors |              | $ | 171,023 |     | $ |      404,549 |   |
| Harcourt                                     
 Limited                                      |     | A related party (note 1)   |              | $ | 211,664 |     |   |              |   |
| Due                                          
 to a related party consist of the following: |     |                            |              |   |         |     |   |              |   |
| Ms. Fong                                     
 Hei Yue, Tina (“Ms. Fong”)                   |     | Shareholders and directors |              |   |      -- |     |   |     (497,200 | ) |
| Harcourt                                     
 Limited                                      |     | A related party (note 1)   |              | $ |         |     | $ |      -61,802 |   |

Note:

| (1) | The                                                                                       
 directors and shareholders of Harcourt Limited are Mr. Siu and Ms. Fong, Harcourt Limited 
 therefore has the common ultimate beneficial owners with the Company.                     |

<div align='center'>F-62</div>

The balance due from shareholders consist of the
following:

|                                           |     | June 30, 
 2025     |         |     | December 31, 2024 |          |   |
|:------------------------------------------|:----|:---------|--------:|:----|:------------------|:---------|:--|
| Due from/ (to)shareholders/ related party |     | $        | 382,687 |     | $                 | (154,453 | ) |
| Less: allowance for expected credit loss  |