Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 148

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 148
---

have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required
to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness
of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing
procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the
financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management,
as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for
our opinion.

/s/J& S Associate PLT

Certified Public Accountants

Firm ID: 6743

We have served as the Company’s auditor since 2024.

Kuala Lumpur, Malaysia

April 22, 2025

F-3

NEWGENIVF GROUP
LIMITED

AS OF DECEMBER 31, 2024 AND 2023

                                                                                                                                                                             December 31,                       December 31,                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                                                                                             2024                               2023**                       
  ASSETS                                                                                                                                                                                                                                     
  Current assets                                                                                                                                                                                                                             
  Cash and cash equivalents                                                                                                                                                  $                     457,740      $                    54,104  
  Accounts receivable, net                                                                                                                                                                          49,245                            9,374  
  Inventories                                                                                                                                                                                       80,813                          126,264  
  Deposits, other receivables and deferred legal & IPO cost, net                                                                                                                                   195,446                          512,581  
  Deposit with a digital asset trading platform                                                                                                                                                  1,000,000                                —  
  Receivable from agents                                                                                                                                                                         1,191,795                                —  
  Prepayments                                                                                                                                                                                      197,706                        1,262,228  
  Loan to A SPAC I                                                                                                                                                                                       —                          140,000  
  Due from shareholders                                                                                                                                                                                  —                          354,285  
  Total current assets                                                                                                                                                                           3,172,745                        2,458,836  
  Non-current assets                                                                                                                                                                                                                         
  Plant and