Company: NIVFW
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087717
Chunk: 209

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-15
Form: F-1
Chunk 209
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 the future minimum rental payments of leases, respectively. The Company’s management believes that using an incremental
borrowing rate of the minimum loan rate and the Hong Kong Dollar Best Lending Rate (“BLR”) minus % was the
most indicative rate of the Company’s borrowing cost for the calculation of the present value of the lease payments; the rate used
by the Company was % and % respectively.

NOTE 12 — EQUITY Ordinary shares As at December 31, 2023 and December 31, 2024, the Company is authorized to issue 10,000,000ordinary shares. Each ordinary share is entitled to onevote. The holders of ordinary shares are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors of the Company. The equity of the Company as of December 31, 2024 and 2023 represents 113,852and 50,747ordinary shares with par value of $ Nil. The number of shares as above have taken into consideration the reverse stock splits effected on February 11, 2025 at an exchange ratio of one (1) share for twenty (20) shares and on May 5, 2025 at an exchange ratio of one (1) share for ten (10) shares. Pursuant to ASC 505 the reverse stock split has been applied retrospectively. F-24

Additional paid-in capital

| Balance as at January 1,2023                                                           |     | $ |  1,464,959 |   |
| Issuance of shares as compensation for services (Note 1)                               |     |   |  2,866,856 |   |
| Balance as at December 31, 2023                                                        |     |   |  4,331,815 |   |
| Issuance of shares through Equity Line of Credit (Note 2)                              |     |   |  1,936,236 |   |
| Issuance of shares through conversion of convertible notes                             |     |   |  2,650,000 |   |
| Decrease in subscription receivable due to reduction of work by professionals (Note 1) |     |   | (2,766,856 | ) |
| Business Combination (Note 3)                                                          |     |   | (6,028,690 | ) |
| Balance as at December 31, 2024                                                        |     | $ |    122,505 |   |

| *