Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 49

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 49
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or foreign legislative bodies will take any similar actions. It is also not possible to predict the nature of any such additional authorities,
how additional legislation or regulatory oversight might impact the ability of digital asset markets to function or the willingness of
financial and other institutions to continue to provide services to the digital assets industry, nor how any new regulations or changes
to existing regulations might impact the value of digital assets generally and SOL specifically. The consequences of increased regulation
of digital assets and digital asset activities could adversely affect the market price of SOL and in turn adversely affect the market
price of our common stock.

Moreover, the risks of engaging in a digital asset treasury strategy
are relatively novel and have created, and could continue to create, complications due to the lack of experience that third parties have
with companies engaging in such a strategy, such as increased costs of director and officer liability insurance or the potential inability
to obtain such coverage on acceptable terms in the future.

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The growth of the digital assets industry in general, and the use and
acceptance of SOL in particular, may also impact the price of SOL and is subject to a high degree of uncertainty. The pace of worldwide
growth in the adoption and use of the Solana network and SOL may depend, for instance, on public familiarity with digital assets, ease
of buying, accessing or gaining exposure to SOL, institutional demand for SOL as an investment asset, the participation of traditional
financial institutions in the digital assets industry, consumer demand for SOL as a means of payment, and the availability and popularity
of alternatives to SOL. Even if growth in SOL adoption occurs in the near or medium-term, there is no assurance that SOL and Solana network
usage will continue to grow over the long term.

Because SOL have no physical existence beyond the record of transactions
on the Solana blockchain, a variety of technical factors related to the Solana blockchain could also impact the price of SOL. For example,
malicious attacks by validators, inadequate validation and staking rewards to incentivize validating of Solana transactions, hard “forks”
of the Solana blockchain into multiple blockchains, difficulties with upgrades to the Solana network (such as the proposed Alpenglow consensus
upgrade or integration of the Firedancer validator client) and advances in digital computing, algebraic geometry, and quantum computing
could undercut the integrity of the Solana blockchain and negatively affect the price of SOL. The liquidity of SOL may also be reduced
and damage to the public perception of Sol