Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 98

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 6
Chunk 98
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 the Effective Date shall remain in force according to the terms of the Share Incentive
Plan and the applicable Award Agreement.

At any time and from time to time, the Board or the Committee may terminate,
amend or modify the Share Incentive Plan; provided, however, that to the extent necessary to comply with Applicable
Laws, the Company shall obtain shareholder approval of any Plan amendment in such a manner and to such a degree as required, unless the
Board decides to follow home country practice not to seek the shareholder approval for any amendment or modification of the Share Incentive
Plan.

C. Board Practices

Committees
of the Board of Directors

We
established three committees under the Board: an audit committee (“ Audit Committee”), a Compensation Committee (“ Compensation
Committee”) and a nominating and corporate governance committee (“ Nominating and Corporate Governance Committee). We have
adopted a charter for each of the three committees. Each committee’s members and functions are described below.

Audit
Committee. Our Audit Committee consists of Mr. Hok Man Jefferson Au and Mr Tam Chun Wa. We have determined that all of these individuals
satisfy the “independence” requirements of NASDAQ Rule 5605 and Rule 10A-3 under the Exchange Act. Our Board has determined
that Mr. Hok Man Jefferson Au qualifies as an audit committee financial expert and has the accounting or financial management expertise
as required under Item 407(d)(5)(ii) and (iii) of Regulation S-K. The audit committee will oversee our accounting and financial reporting
processes and the audits of the financial statements of our company. The Audit Committee will be responsible for, among other things:

  establishing clear hiring policies for employees or former employees of the independent auditors;  

  reviewing and recommending to the Board for approval, the appointment, reappointment or removal of the independent auditor, after considering its annual performance evaluation of the independen...  

  approving the remuneration and terms of engagement of the independent auditor and pre-approving all auditing and non-auditing services permitted to be performed by the Company’s independent aud...  

  obtaining a written report from the Company’s independent auditor describing matters relating to its independence and quality control procedures;  

  reviewing with the independent registered public accounting firm any audit problems or difficulties and management’s response;  

  discussing with the Company’s independent auditor, among other things, the audits of the financial statements, including whether any material information should be disclosed, in addition