Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 135

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 135
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 of dividends
requirements in a company incorporated under the laws of Thailand is governed by the Civil and Commercial Code of Thailand. For example,
the company may not declare dividends if the company has incurred losses, the company must appropriate to a reserved fund at each dividend
contribution of dividend of at least one-twentieth of the profits until the fund reaches one-tenth of the capital, or the dividends payment
must be made to the shareholders within one (1) month from the dividend declaration date. On the capital remittance or payment of
dividends to the shareholders from outside of Thailand, it is regulated by the regulations issued by the Bank of Thailand, including the
Exchange Control Act B.E. 2485 (1942). The fund remittance from Thailand to a foreign jurisdiction may require an approval from the Bank
of Thailand or require notifying the Bank of Thailand for such transfer, depending on the types of the remittance transactions, through
the commercial bank in the country. For a company incorporated under the laws of Kyrgyzstan, under Kyrgyz regulations of dividends (net
profit), the dividends can be paid once a year depending on the results of the financial year of the company.

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Quantitative and Qualitative Disclosure about Market Risk

Accounts receivable

In order to minimize the credit
risk, NewGenIvf’s management team monitors and ensures that follow-up action is taken to recover overdue debts. NewGenIvf considers
the probability of default upon initial recognition of the asset and whether there has been a significant increase in credit risk on an
ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk, NewGenIvf compares the
risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers
available reasonable and supportive forwarding-looking information, such as GDP growth rate and nominal GDP per capita. Based on the impairment
assessment performed by NewGenIvf, the directors considered the loss allowance for account receivables as of December 31, 2023 and
December 31, 2024 is $19 and $19, respectively.

Cash and cash equivalents

NewGenIvf is exposed to concentration
of credit risk on liquid funds which are deposited with several banks with high credit ratings. The credit risk on liquid funds is limited
because the counterparties are banks with high credit ratings assigned by international credit-rating agencies.

Deposits and other