Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 49

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 49
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 our inability to list on another national securities market could
negatively impact us by: (i) reducing the liquidity and market price of our Class A Ordinary Shares; (ii) reducing the number of investors
willing to hold or acquire our Class A Ordinary Shares, which could negatively impact our ability to raise equity financing; (iii) limiting
our ability to use certain registration statements to offer and sell freely tradable securities, thereby limiting our ability to access
the public capital markets; and (iv) impairing our ability to provide equity incentives to our employees.

If NewGenIvf is unable to attract new clients, its business, financial condition and results of operations would be adversely affected.

To increase its revenue, NewGenIvf
must continue to attract new clients. NewGenIvf’s ability to do so depends in large part on the success of its sales and marketing
efforts, and the success of references through existing clients. Potential clients may seek out other options; therefore, NewGenIvf must
demonstrate that its solutions are valuable and superior to alternatives. If NewGenIvf fails to provide high-quality solutions and convince
clients of the benefits of its model and value proposition, NewGenIvf may not be able to attract new clients. If the markets for NewGenIvf’s
solutions decline or grow more slowly than it expects, or if the number of clients that contract with it for its solutions declines or
fails to increase as it expects, its financial results could be harmed. As the markets in which NewGenIvf participate mature, fertility
solutions and services evolve and competitors begin to enter into the market and introduce differentiated solutions or services that are
perceived to compete with its solutions, particularly if such competing solutions are adopted by its competitors, its ability to sell
its solutions could be impaired. As a result of these and other factors, NewGenIvf may be unable to attract new clients, which would have
an adverse effect on its business, financial condition and results of operations.

NewGenIvf’s business depends on its ability to maintain its existing client demographics. Any failure to do so would harm its business, financial condition and results of operations.

As part of its growth strategy,
NewGenIvf is focused on maintaining its services within its existing client demographics. NewGenIvf mainly competes with mid-level private
clinics and hospitals, which have improved and developed their services and equipment over the years. In addition to private clinics
and hospitals already existing,