Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 227

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 227
---
----|:------------------------------------|:----|:-------------|---------:|:--|:----|:-----|--------:|
| Mr. Siu Wing Fung,                               
 Alfred (“Mr. Siu”)                               |     | Shareholders and directors          |     | $            |  404,549 |   |     | $    | 354,285 |
| Due to a related party consist of the following: |     |                                     |     |              |          |   |     |      |         |
| Ms. Fong Hei Yue, Tina (“Ms. Fong”)              |     | Shareholders and directors (note 1) |     |              | (497,200 | ) |     |      |         |
| Harcourt Limited                                 |     | A related party (note 2)            |     | $            |  (61,802 | ) |     | $    |       — |

Note:

| (1) | Ms. Fong is the spouse of Mr. Siu. The due to shareholders balance                                                 
 as of December 31, 2024 was $92,651 while the due from shareholders balance as of December 31, 2023 was  $354,285. |

| (2) | The directors and shareholders of Harcourt Limited are Mr. Siu and Ms. Fong, Harcourt Limited therefore has the common ultimate beneficial owners with the Company. |

<div align='center'>F-29</div>

The balance due from shareholders consist of the
following:

|                                           |     | December 31, 
 2024         |          |   |     | 2023 |         |   |
|:------------------------------------------|:----|:-------------|:---------|:--|:----|:-----|--------:|:--|
| Due from/ (to)shareholders/ related party |     | $            | (154,453 | ) |     | $    | 372,103 |   |
| Less: allowance for expected credit loss  |     |              | —        |   |     |      | (17,818 | ) |
|                                           |     | $            | (154,453 | ) |     | $    | 354,285 |   |

The movement of allowances for expected credit
loss is as follow:

|                                     |     | December 31, 
 2024         |         |   |     | 2023 |         |   |