Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 29

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 29
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 agreements NewGenIvf enters into with each of its physicians vary, depending on the physician’s seniority and practise nature. Customers For the years ended December 31, 2023 and 2022, the majority of NewGenIvf’s clients were from China (including mainland China and Hong Kong). The number of Thai and Cambodian local patients generally increased in 2022 and 2023 compared with earlier years due to the impact of COVID-19 on international travel. NewGenIvf enters into a service agreement with each of its customers that outline, among other things, the scope of services, service fees, payment terms and rights, responsibilities and obligations of each party. Customers are not entitled to enjoy the relevant services until outstanding amounts have been settled pursuant to the relevant contract. Sales to individual consumers did not vary significantly and none of the customers contribute more than 10% of NewGenIvf’s revenue for the years ended December 31, 2023 and 2022.

18

The following table sets forth a breakdown of NewGenIvf’s total customers by major countries (determined by the passports they provided to NewGenIvf for registration) and as a percentage of the total customers for the periods indicated (1):

|           |     | For                         
 the Year ended December 31, | 2023 |     |        |     |     |       |     |     |   |     |     |           | 2022 |     |        |     |     |       |     |     |   |     |
|:----------|:----|:----------------------------|-----:|:----|:-------|----:|:----|:------|----:|:----|:--|----:|:----|:----------|-----:|:----|:-------|----:|:----|:------|----:|:----|:--|----:|
|           |     | First                       
 Fertility                   
 PGS                         
 Center                      |      |     | Phnom  
 Penh   
 Center |     |     | Total |     |     | % |     |     | First     
 Fertility 
 PGS       
 Center    |      |     | Phnom  
 Penh   
 Center |     |     | Total |     |     | % |     |
| China(2)  |     |                             |   34 |     |        |  87 |     |       | 121 |     |   |  42 |     |