Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 87

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 87
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 relevant laws and regulations. Payment 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.

Critical Accounting Policies, Judgments and Estimates

NewGenIvf prepares its financial
statements in conformity with U. S. GAAP, which requires NewGenIvf to make judgments, estimates and assumptions. NewGenIvf continually
evaluates these estimates and assumptions based on the most recently available information, its historical experience and various other
assumptions that NewGenIvf’s management believes to be reasonable under the circumstances. Since the use of estimates is an integral
component of the financial reporting process, actual results could differ from its expectations as a result of changes in NewGenIvf’s
estimates.

The selection of critical
accounting policies, the judgments and other uncertainties affecting application of those policies and the sensitivity of reported results
to changes in conditions and assumptions are factors that should be considered when reviewing NewGenIvf’s financial statements.
NewGenIvf’s management believes the following accounting policies involve the most significant judgments and estimates used in the
preparation of their financial statements.

Going Concern

The going concern assumption
is a fundamental principle in the preparation of financial statements, and it is management’s responsibility to evaluate whether there
are any conditions or events that raise substantial doubt about the Company’s ability to continue operating for the foreseeable future.
Management’s assessment of the Company’s ability to continue