Company: NIVFW
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038045
Chunk: 96

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-01
Form: F-1/A
Chunk 96
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 at the meeting and were voted. The directors may at any time appoint any person to be a director either to fill a vacancy or as an addition to the existing directors. Where the directors appoint a person as director to fill a vacancy, the term shall not exceed the term that remained when the person who has ceased to be a director ceased to hold office. A vacancy in relation to directors occurs if a director dies or otherwise ceases to hold office prior to the expiration of his term of office. Interested Transactions A director may, subject to any separate requirements for Audit Committee approval under applicable laws or applicable Nasdaq Stock Market Listing Rules, vote on a matter relating to the transaction in which he or she is interested, provided that the interest of any directors in such transaction is disclosed by him or her to all other directors. 57 Director Agreements We have entered into director agreements with our directors, which require us to maintain director and officer liability insurance for our directors, provide reimbursements for business related travel and accommodation and other reasonable expenses, and an annual remuneration of between $20,000 to $25,000 for our independent directors, and $240,000 for our executive directors. Employees NewGenIvf had 76 full-time employees, of which 64 are based in Thailand, Cambodia and Kyrgyzstan. NewGenIvf aims to attract and retain employees with the skills, and experience necessary to implement its growth strategy. The following table sets forth the number of its employees in Thailand, Cambodia and Kyrgyzstan by function as of December 31, 2024:

| Function                        |     | Number of 
 employees |    |
| Thailand                        |     |           |    |
| Medical professionals           |     |           | 16 |
| Administrative staff and others |     |           | 14 |
| Sub-total                       |     |           | 30 |
| Cambodia                        |     |           |    |
| Medical professionals           |     |           | 12 |
| Administrative staff and others |     |           | 13 |
| Sub-total                       |     |           | 25 |
| Kyrgyzstan                      |     |           |    |
| Medical professionals           |     |           |  3 |
| Administrative staff and others |     |           |  6 |
| Sub-total                       |     |           |  9 |
| China                           |     |           |    |
| Administrative staff and others |     |           |  4 |
| Hong Kong                       |     |           |    |