Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 197

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 197
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 an opinion on the effectiveness of the Company’s
internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as
evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ J&S Associate PLT

Certified Public Accountants

Firm ID: 6743

We have served as the Company’s auditor since 2024.

Kuala Lumpur, Malaysia

May 20, 2025,

(reissued for 2024 for effects of Reverse Stock Split effected on
May 5, 2025)

<div align='center'>F-4

NEWGENIVF GROUP LIMITED
CONSOLIDATED BALANCE SHEETS

AS OF DECEMBER 31, 2024 AND 2023
(Stated in US Dollars)</div>

| ASSETS                                                                              
 Current assets                                                                      |     | December 31, 
 2024         |            |   |     | December 31, 
 2023**       |           |   |
|:------------------------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------------|----------:|:--|
| Cash and cash equivalents                                                           |     | $            |    457,740 |   |     | $            |    54,104 |   |
| Accounts receivable, net                                                            |     |              |     49,245 |   |     |              |     9,374 |   |
| Inventories                                                                         |     |              |     80,813 |   |     |              |   126,264 |   |
| Deposits, other receivables and deferred legal & IPO cost, net                      |     |              |    195,446 |   |     |              |   512,581 |   |
| Deposit with a digital asset trading platform                                       |     |              |  1,000,000 |   |     |              |         — |   |
| Receivable from agents                                                              |     |              |  1,191,795 |   |     |              |