Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 184

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 184
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is treated as a PFIC for U.S. federal income tax purposes is a factual determination that must be made annually at the close of each
taxable year and, thus, is subject to significant uncertainty. Moreover, there can be no assurance that the Company will timely provide
a PFIC annual information statement for 2024 or going forward. The failure to provide such information on an annual basis could preclude
U.S. Holders from making or maintaining a “qualified electing fund” election under Section 1295 of the Code.

<div align='center'>107</div>

If the Company were determined
to be a PFIC for any taxable year (or portion thereof) that is included in the holding period of a U.S. Holder of Class A Ordinary
Shares, the U.S. Holder did not make a valid “mark-to-market” election, such U.S. Holder generally will be subject
to special rules with respect to:

| ● | any                                                                                                                              
 gain recognized by the U.S. Holder on the sale or other disposition of the Company Securities (including a redemption treated as 
 a sale or exchange); and                                                                                                         |

| ● | any                                                                                                                            
 “excess distribution” made to the U.S. Holder (generally, any distributions to such U.S. Holder during a taxable               
 year of the U.S. Holder that are greater than 125% of the average annual distributions received by such U.S. Holder in respect 
 of the Class A Ordinary Shares during the three preceding taxable years of such U.S. Holder or, if shorter, such U.S. Holder’s 
 holding period for such ordinary shares).                                                                                      |

Under these rules:

| ● | the                                                                                                            
 U.S. Holder’s gain or excess distribution will be allocated ratably over the U.S. Holder’s Company Securities; |

| ● | the                                                                                                                              
 amount allocated to the U.S. Holder’s taxable year in which the U.S. holder recognized gain or received the excess distribution, 
 or to the period in the U.S. Holder’s holding period before the first day of the Company’s first taxable year in                 
 the Company is a PFIC, will be taxed as ordinary income;                                                                         |

| ● | the                                                                                                                         
 amount allocated to other taxable years (or portions thereof) of the U.S. Holder and included in its holding period will be 
 taxed at the highest tax rate in effect for that year and applicable to the U.S. Holder; and                                |

| ● | the