Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 183

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 183
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 year, including
its pro rata share of the assets of any entity in which it is considered to own at least 25% of the interest by value, are held for the
production of, or produce, passive income. Passive income generally includes dividends, interest, rents and royalties (other than rents
or royalties derived from the active conduct of a trade or business) and gains from the disposition of passive assets.

If the Company is not a PFIC
in the 2024 taxable year, such U.S. Holder would likely recognize gain (but not loss if the Reincorporation Merger qualifies as a
“reorganization”) upon the exchange of ASCA securities for The Company securities pursuant to the Reincorporation Merger.
The gain (or loss) would be computed as described above under “— If the Reincorporation Merger Does Not Qualify as a
Reorganization.” Any such gain recognized by such U.S. Holder on the exchange of ASCA securities for The Company securities
would be allocated ratably over the U.S. Holder’s holding period for the ASCA securities. Such amounts allocated for the current
taxable year and any taxable year prior to the first taxable year in which ASCA was a PFIC would be treated as ordinary income, and not
as capital gain, in the U.S. Holder’s taxable year, and such amounts allocated to each other taxable year beginning with the
year that ASCA became a PFIC would be taxed at the highest tax rate in effect for each year to which the gain was allocated, together
with a special interest charge on the tax attributable to each such year.

Whether the Company is a PFIC
for any taxable year is a factual determination that depends on, among other things, the composition of the Company’s income and
assets, the market value of its assets, and potentially the composition of the income and assets of one or more of the Company’s
subsidiaries and the market value of their assets in that year. Whether a Company subsidiary is a PFIC for any taxable year is likewise
a factual determination that depends on, among other things, the composition of the subsidiary’s income and assets and the market
value of such assets in that year. One or more changes in these factors may cause the Company and/or one or more of its subsidiaries to
become a PFIC for a taxable year even though it has not been a PFIC for one or more prior taxable years. Whether the Company or a subsidiary