Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 206

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 206
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GenIvf
and three (3) of whom will be designated by NewGenIvf to serve as independent directors in accordance with Nasdaq requirements, (ii)
provide for the conversion of NewGenIvf shares issued by NewGenIvf following the original date of the Merger Agreement into Class A Ordinary
Shares in connection with the Acquisition Merger, and (iii) remove the condition that ASCA have in excess of $ in net tangible
assets immediately after the consummation of the Business Combination.

On April 3, 2024, the Business
Combination was consummated with the Company as the surviving entity.

<div align='center'>F-9</div>

The following is an organization chart of the
Company and its subsidiaries as of December 31, 2024:

The Company’s subsidiaries are detailed
in the table as follows:

| Name                                                                       
 NewGenivf Limited                                                          
 FFPGS (HK) Limited                                                         |     | Background                                                                                       
 ●   A Cayman Islands company ●   Incorporated on 16 January, 2019                                
 ●   A Hong Kong company ●   Incorporated on December 19, 2019                                    |     | Ownership % 
 100%        
 100%        |     | Principal activity                                                  
 Investment holding                                                  
 Marketing and administrative services                               |
|:---------------------------------------------------------------------------|:----|:-------------------------------------------------------------------------------------------------|:----|:------------|:----|:--------------------------------------------------------------------|
| Well Image Limited                                                         |     | ●   A Hong Kong company ●   Incorporated on July 11, 2008                                        |     | 100%        |     | Investment holding                                                  |
| Med Holdings Limited (“Med Holdings”) (Note)                               |     | ●   A Thailand company ●   Incorporated on January 21, 2015                                      |     | 49%*        |     | Investment holding                                                  |
| First Fertility PGS Center Limited (“FFC”) (Note)                          |     | ●   A Thailand company ●   Incorporated on March 6, 2014                                         |     | 74%         |     | Provision of IVF treatment                                          |
| First Fertility Phnom Penh Limited (“FFPP”)                                |     | ●   A Cambodia company ●   Incorporated on August 10, 2015                                       |     | 100%        |     | Provision of IVF treatment                                          |
| Bi Clinic Ltd (“FFBi”)                                                     |     | ●   A Kyrgyzstan company ●   Incorporated on December 16