Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 27

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 27
---
, a technique that prevents ice crystal formation, and stored
in liquid nitrogen at ultra-low temperatures. This service is ideal for those delaying childbearing due to career, medical reasons (like
cancer treatment), or personal choice. When ready to conceive, the eggs can be thawed, fertilized with sperm, and transferred as embryos.
While success rates vary by age and clinic, egg freezing offers a proactive option for preserving fertility.

Surrogacy and Ancillary Caring Services

NewGenIvf also generated revenue
from surrogacy services and related ancillary caring services in Kyrgyzstan. NewGenIvf conducts implantation of embryos from biological
parents in surrogate mothers. During the pregnancy period, NewGenIvf provides ancillary caring services including regular body check and
provision of vitamins, supplements and medicines to surrogate mothers. Revenue from surrogacy and ancillary caring services is recognized
when the surrogate mother gives birth. Surrogacy services provide infertile couples with an alternative method of having children. In
general, NewGenIvf provides certain discount to clients if they wish to pursue additional services such as egg donation and surrogacy,
after several cycles of IVF treatments failures due to medical reasons including, but not limited to, the poor egg quality of aged female
clients.

As compared to other countries,
Kyrgyzstan has the following features that allow NewGenIvf to operates its surrogacy services: (i) surrogacy is legal and regulated,
which means that there are less restrictions on either intended parents or surrogate mothers, and a parent-child relationship can be requested
before the child’s birth; and (ii) the costs of operation and surrogate mother is favorable, given the cost of living in Kyrgyzstan
is relatively low.

In addition to the regular
surrogacy services, NewGenIvf is also able to assist the clients with birth certificate applications and facilitate the application of
infants’ passports and visas as supplemental services.

For the years ended December 31,
2024 and 2023, the revenue from NewGenIvf’s surrogacy and ancillary caring services was US$ Nil and US$1,114,457, respectively,
representing Nil % and 21.7% of its total revenue in the corresponding periods. During 2024, we did not generate any revenue from surrogacy
as we went through a series of reorganization in Kyrgyzstan.

<div align='center'>11</div>

The flow chart below shows