Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 218

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 218
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 amended and accordingly the excess compensation was reversed against Additional Paid in Capital and
the remaining value of service is recognized over the period of service in the Statement of Income.

<div align='center'>F-20</div>

The movement of allowances for expected credit
loss is as follow:

|                                   |     | December 31, | 2024 |   |     |   | 2023 |   |
|:----------------------------------|:----|:-------------|-----:|:--|:----|:--|-----:|:--|
| Balance at beginning of the year  |     | $            |  (14 | ) |     | $ | (141 | ) |
| Reversal of provision (Provision) |     |              |   10 |   |     |   |  127 |   |
| Ending balance                    |     | $            |   (4 | ) |     | $ |  (14 | ) |

NOTE 7 — PROPERTY AND EQUIPMENT, NET

Plant and equipment, net consist of the following:

| At cost:                       |     | December 31, 
 2024         |            |   |     | 2023 |            |   |
|:-------------------------------|:----|:-------------|-----------:|:--|:----|:-----|-----------:|:--|
| Building improvement           |     | $            |    196,929 |   |     | $    |     92,438 |   |
| Furniture and fixtures         |     |              |     25,390 |   |     |      |    250,493 |   |
| Medical instruments            |     |              |    785,776 |   |     |      |    844,809 |   |
| Motor vehicle                  |     |              |    142,936 |   |     |      |    142,936 |   |
| Office equipment               |     |              |    361,385 |   |     |      |    150,688 |   |
|                                |     |              |  1,512,416 |   |     |      |  1,481,364 |   |
| Less: accumulated depreciation |     |              | (1,239,320 | ) |     |      | (1,319,207 | ) |
| Total                          |     | $            |    273,096 |   |     | $