Company: NIVFW
Filing Date: 2025-05-15
Form Type: 20-F/A
Source: 0001213900-25-043940
Chunk: 35

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-15
Form: 20-F/A
Chunk 35
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The effective interest expense calculated at % amounted to $
and $nil for the year ended December 31, 2024 and December 31, 2023 respectively.

The transaction costs incurred
on issuance of the Notes are capitalized and amortised over the term of the Notes as follows:

| Transaction costs on issuance of Notes |     | December 31, 
 2024         |          |   |     | 2023 |   |
|:---------------------------------------|:----|:-------------|---------:|:--|:----|:-----|:--|
| Balance at beginning of the year       |     | $            |        - |   |     | $    | - |
| Add: capitalized during the year       |     |              |  929,500 |   |     |      | - |
| Less: amortized during the year        |     |              | (281,268 | ) |     |      | - |
| Ending balance                         |     | $            |  648,232 |   |     | $    | - |

The following table sets
forth the Company’s contractual obligations as of December 31, 2024 relating to the convertible notes:

|                    |     | 2024 |           |
| Convertible bonds- |     |      |           |
| 2025               |     |      |   516,250 |
| 2026               |     |      |   457,250 |
| 2027               |     |      |   457,250 |
| 2028               |     |      |   507,250 |
| 2029               |     |      | 3,269,625 |
| Total              |     |      | 5,207,625 |

Promissory Notes

|                                  |     | December 31, 
 2024         |           |     | 2023 |   |
|:---------------------------------|:----|:-------------|----------:|:----|:-----|:--|
| Balance at beginning of the year |     | $            |         - |     | $    | - |
| Issued during the year           |     |              | 1,453,861 |     |      | - |
| Waiver of liability              |     |              |   953,861 |     |      | - |
| Ending balance                   |     | $            |   500,000 |     | $    | -