Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 239

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 239
---
 and is a proven leader in driving growth and operational excellence. Since 2015, Ms. Chan has led Lab Concept
Company Limited, a subsidiary of The Lane Crawford Joyce Group, where she successfully restructured operations, spearheaded rebranding,
and digitized processes, achieving significant revenue growth. Previously, she held senior roles at VCC Company Limited, Eton Properties,
and Crown Macau, excelling in real estate development, marketing, and VIP services. She holds a Bachelor of Hospitality Management from
Central Queensland University in Australia and an Advanced Diploma from William Angliss Institute of TAFE. Fluent in Cantonese, Mandarin,
and English, Ms. Chan brings a deep understanding of Asia Pacific markets and a strategic vision that will drive the Company’s continued
growth and success.

<div align='center'>F-32</div>

On April 15, 2025, the Board
of Directors approved another reverse stock split of all of the Company’s issued and unissued shares, including the Class A ordinary
shares with no par value (the “Class A Ordinary Shares”), Class B ordinary shares with no par value and preferred shares with
no par value, at an exchange ratio of one (1) share for ten (10) shares. The Reverse Stock Split became effective on May 5, 2025, andits
Class A Ordinary Shares began trading on the Nasdaq Capital Market (“Nasdaq”) on a post-Reverse Stock Split basis on such
date. The Reverse Stock Split was intended for the Company to remain compliant with a minimum bid price of $1.00 per share for continued
listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2).

No fractional shares will
be issued in connection with the Reverse Stock Split. Instead, the Company will issue one full post-Reverse Stock Split Class A Ordinary
Share to any shareholder at a participant level who would have been entitled to receive a fractional share as a result of the process.
After the Reverse Stock Split, all options, warrants and other convertible securities of the Company outstanding immediately prior to
the Reverse Stock Split will be adjusted by dividing the number of Class A Ordinary Shares into which the options, warrants and other
convertible securities are exercisable or convertible by ten (10) in accordance with the terms of the plans, agreements or arrangements
governing such options, warrants and other convertible securities and subject to rounding to the nearest whole share.

Subsequent to the year end
and to the date of