Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 47

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 47
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 strategy is subject to unique and substantial risks related to the Solana network’s technology, governance, and ecosystem, which could result in a complete or partial loss of our investment.

Our strategy is fundamentally dependent on the continuous and secure
operation of the Solana blockchain. Solana is a high-throughput Layer 1 blockchain that utilizes a novel hybrid Proof-of-Stake and Proof-of-History
consensus mechanism. While designed for performance, this architecture introduces specific risks, including:

| ● | Network Performance and Outages: The                                                                                                   
 Solana network has a history of performance degradation and full outages due to high transaction volumes, spam attacks, and validator  
 coordination failures. For example, the network experienced significant liveness disruptions in 2021 and 2022. Although upgrades have  
 been implemented to address congestion, there can be no assurance that future issues will not occur. Any disruption, outage, or period 
 of significant congestion could prevent us from staking, unstaking, or transacting our SOL, directly impairing our ability to execute  
 our strategy and potentially eroding the value of our holdings.                                                                        |

| ● | Concentration and Reliance on Third-Party                                                                                                     
 Software: The Solana validator set is relatively concentrated compared to other networks. Furthermore, a high percentage of validators        
 rely on software provided by Jito Labs, a third party unaffiliated with Solana Labs. If Jito Labs were to discontinue support or if its       
 software contained critical bugs, it could compromise network security and stability, increase the impact of spam transactions, and adversely 
 affect the value of SOL.                                                                                                                      |

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| ● | Technological Obsolescence and Competition: The                                                                                            
 digital asset ecosystem is characterized by rapid innovation and intense competition. New protocols (e.g., Aptos, Sui, Ethereum Layer      
 2s like Base) or advancements, including the integration of artificial intelligence, may offer superior technology or attract developer    
 activity away from Solana. If the Solana ecosystem fails to evolve, compete, or maintain its relevance, the utility and value of SOL could 
 decline materially.                                                                                                                        |

| ● | Lifecycle and Economic Mechanics of SOL: The value of SOL is 
 influenced by its specific tokenomics:                       |

| o | Inflationary and Deflationary Pressures: New                                                                                                       
 SOL is created through an inflationary protocol issuance, which began at 8% annually and decreases by 15% year-over-year to a terminal