Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 48

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 48
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 rate of 1.5%. Counteracting this is a deflationary mechanism where a portion of transaction fees is burned (permanently removed from circulation). 
 The net effect on the SOL supply (inflationary or deflationary) depends on network usage and is uncertain.                                         |
| o | Bonding                                                                                                                                            
 and Unbonding Periods: Staking SOL involves a “warmup” period before rewards                                                                       
 are earned and a “cooldown” or unbonding period of several days when unstaking.                                                                    
 During this unbonding period, assets are illiquid and earn no rewards. Furthermore, the protocol                                                   
 limits how much stake can unbond per epoch (approximately 25% of the active stake), which                                                          
 could create a queue and further delay access to our capital during a market downturn, exacerbating                                                
 liquidity risk.                                                                                                                                    |

SOL is a relatively novel digital asset, and is subject to significant legal, commercial, regulatory and technical uncertainty, which could materially adversely affect the Company’s financial position, operations and prospects.

SOL and other digital assets, as well as applications on blockchain
networks such as Solana, are relatively novel and are subject to significant uncertainty, which could adversely impact their price. The
application of state and federal securities laws and other laws and regulations to digital assets and blockchain-based applications is
unclear in certain respects, and it is possible that regulators in the United States or foreign countries may interpret or apply existing
laws and regulations in a manner that adversely affects the price of SOL or other digital assets, or the ability of blockchain-based applications
to operate.

The U.S. federal government, states, regulatory agencies, and foreign
countries may also enact new laws and regulations, or pursue regulatory, legislative, enforcement or judicial actions, that could materially
impact the price of SOL or the ability of individuals or institutions to own or transfer SOL and utilize blockchain-based applications
on networks such as Solana. For example, the U.S. executive branch, the SEC, the European Union’s Markets in Crypto Assets Regulation,
among others, have been active in recent years, and in the United Kingdom, the Financial Services and Markets Act 2023, or FSMA 2023,
became law. It is not possible to predict whether, or when, any of these developments will lead to Congress granting additional authorities
to the SEC, Commodity Futures Trading Commission (“CFTC”), or other regulators, or whether, or when, any other federal, state