Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 217

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 217
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 NEWGENIVF GROUP LIMITED
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 AND 2023
(Stated in US Dollars)

NOTE 1 — ORGANIZATION AND PRINCIPAL ACTIVITIES

NewGenIvf Limited (the “Company”
or the “Group”) was incorporated under the laws of the Cayman Islands on January 16, 2019 as an investment holding company.

The following is an organization chart of the
Company and its subsidiaries:

As of June 30, 2024, the Company’s
subsidiaries are detailed in the table as follows:

| Name                                              
 NewGenivf Limited                                 
 FFPGS (HK) Limited                                |     | Background                            
 ●   A Cayman Islands company          
 ●   Incorporated on 16 January, 2019  
 ●   A Hong Kong company               
 ●   Incorporated on December 19, 2019 |     | Ownership % | 100 
 100 | %  
 %  |     | Principal activity                    
 Investment holding                    
 Marketing and administrative services |
|:--------------------------------------------------|:----|:--------------------------------------|:----|:------------|----:|:---|:----|:--------------------------------------|
| Well Image Limited                                |     | ●   A Hong Kong company               
 ●   Incorporated on July 11, 2008     |     |             | 100 | %  |     | Investment holding                    |
| Med Holdings Limited (“Med Holdings”) (Note)      |     | ●   A Thailand company                
 ●   Incorporated on January 21, 2015  |     |             |  49 | %* |     | Investment holding                    |
| First Fertility PGS Center Limited (“FFC”) (Note) |     | ●   A Thailand company                
 ●   Incorporated on March 6, 2014     |     |             |  74 | %  |     | Provision of IVF treatment            |
| First Fertility Phnom Penh Limited (“FFPP”)       |     | ●   A Cambodia company                
 ●   Incorporated on August 10, 2015   |     |             | 100 | %  |     | Provision of IVF treatment            |

F-40 NEWGENIVF GROUP LIMITED
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 AND