Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 187

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 187
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 market value of the Class A Ordinary Shares that would
have been received with respect to the surrendered warrants in a regular exercise of the Warrants and (ii) the sum of the U.S. Holder’s
tax basis in the surrendered warrants and the aggregate cash exercise price of such warrants (if they had been exercised in a regular
exercise). In this case, a U.S. Holder’s tax basis in the Class A Ordinary Shares received would equal the U.S. Holder’s
tax basis in the Warrants exercised plus (or minus) the gain (or loss) recognized with respect to the surrendered warrants. A U.S. Holder’s
holding period for the Class A Ordinary Shares would commence on the date following the date of exercise (or possibly the date of exercise)
of the Warrant.

Due to the absence of authority
on the U.S. federal income tax treatment of a cashless exercise, there can be no assurance which, if any, of the alternative tax
consequences and holding periods described above would be adopted by the IRS or a court of law. Accordingly, U.S. Holders should
consult their tax advisors regarding the tax consequences of a cashless exercise.

Passive Foreign Investment Company Status

Certain adverse U.S. federal
income tax consequences could apply to a U.S. Holder if the Company or any of its subsidiaries is treated as a PFIC for any taxable
year during which the U.S. Holder holds the Company Securities. A non-U.S. corporation will be classified as a PFIC for any
taxable year (a) if at least 75% of its gross income in a taxable year, including its pro rata share of the gross income of any entity
in which it is considered to own at least 25% of the interest by value, is passive income, or (b) if at least 50% of its assets in
a taxable year of the foreign corporation, ordinarily determined based on fair market value and averaged quarterly over the year, including
its pro rata share of the assets of any entity in which it is considered to own at least 25% of the interest by value, are held for the
production of, or produce, passive income. Passive income generally includes dividends, interest, rents and royalties (other than rents
or royalties derived from the active conduct of a trade or business) and gains from the disposition of passive assets.

If the Company is not a PFIC
in the 2024 taxable year, such U.S. Holder would