Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 94

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 94
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| Yip Eng Jeremy Foo                                         |     |                         |         |     |                         |       - |     |                            |     - |   |     |                   |     - |   |
| Ho Fai Chung                                               |     |                         |         |     |                         |       - |     |                            |     - |   |     |                   |     - |   |
| All Directors and Executive Officers as Group              |     |                         |         |     |                         |         |     |                            |       |   |     |                   | 80.21 | % |

62 RELATED PARTY TRANSACTIONS Related Party Transactions A summary of related parties of the Company is as follows:

|                                                      |     | Relationship                  |
| Seazen Resources Investment Limited                  |     | Shareholder                   |
| Mr. Siu, Wing Fung Alfred and Ms. Fong, Hei Yue Tina |     | Shareholders and directors(1) |
| Harcourt Limited                                     |     | A related company(2)          |

| (1) | Ms. Hei Yue Tina Fong is the spouse of Mr. Wing Fung Alfred Siu. |

| (2) | The                                                                                         
 directors and shareholders of Harcourt Limited are Mr. Wing Fung Alfred Siu and Ms. Hei Yue 
 Tina Fong.                                                                                  |

Transaction with Seazen Resources Investment Limited During the year ended December 31, 2022, Legacy NewGenIvf had consideration receivables from Seazen Resources Investment Limited, representing the unsettled consideration for Legacy NewGenIvf’s shares. For the years ended December 31, 2022 and 2023, the largest amount outstanding was US$319,872. As of the date of this prospectus, the balance of loans receivable from Seazen Resources Investment Limited is US$ Nil. Separately, Legacy NewGenIvf borrowed money from Seazen Resources Investment Limited in May 2020 primarily for its general working capital purposes. The maximum borrowing was HKD5,000,000. The borrowing carried fixed interest at 18.0% per annum. Interest expense on the borrowing was US$45,988 and US$Nil during the year ended December 31, 2022 and 2023, respectively. As at December 31, 2023, the amount outstanding was nil. Transaction with Mr. Wing Fung Alfred Siu and Ms. Hei Yue Tina Fong Historically, certain amount of cash provided by operating activities was distributed to