Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 66

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 66
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 However, the near-term growth prospects of the PRC economy
are unclear due to the uncertain effects of ongoing economic stress caused by policies to contain the COVID-19 pandemic, trade and national
security policies, and the elevated levels of private and public indebtedness, among others. According to the National Statistics Bureau
of the PRC, growth rate of China’s GDP for the year 2022 slowed down to 3.0% on a year-on-year basis compared to the growth rate
of approximately 8.4% for the year 2021. In 2023, China’s GDP grew 5.2% while China’s 2024 GDP growth rate was 5%. A prolonged
downturn in the PRC economy generally could materially and adversely affect NewGenIvf’s results of operations.

Factors that may adversely
affect the economy and conditions in such countries include:

| ● | political instability; |

| ● | global economic conditions; |

| ● | exchange rate fluctuations                    
 and the exchange control policy of the banks; |

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| ● | a prolonged period of inflation         
 or increase in regional interest rates; |

| ● | changes in taxation; |

| ● | changes in government policies       
 affecting import and export volumes; |

| ● | decline in tourism; |

| ● | natural disasters, including                                      
 tsunamis, earthquakes, fires, floods, drought and similar events; |

| ● | a potential recurrence                                                                                                              
 or outbreak of avian influenza, severe acute respiratory syndrome or other infectious or contagious diseases like COVID-19 in Asian 
 countries, and governmental policies to address such outbreak;                                                                      |

| ● | scarcity of credit or other                                                                         
 financing, resulting in lower demand for products and services provided by companies in the region; |

| ● | increases in oil prices     
 and other commodity prices; |

| ● | decreased consumer confidence; |

| ● | other external recessions                                                                   
 or potential economic downturns in the United States, Asia or other parts of the world; and |

| ● | other regulatory, political                             
 or economic developments in or affecting the countries. |

The economic conditions in
Thailand, Cambodia, Kyrgyzstan and China are also affected by global economic conditions. The global credit markets have experienced,
and may continue to experience, volatility and liquidity disruptions, which have resulted in the consolidation, failure or near failure
of a number of institutions in the banking and insurance industries. There remains a concern that a return