Company: NIVFW
Filing Date: 2025-05-20
Form Type: F-1/A
Source: 0001213900-25-045737
Chunk: 184

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-20
Form: F-1/A
Chunk 184
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Med Holdings and FFC use Thai baht (“THB”) as their functional currencies. First Fertility Phnom Penh Limited and Bi Clinic
Ltd (“FFBi”) uses United States dollar (“USD”) as their functional currencies. Shenzhen Qianhai Fengtai Renhui
Health Technology Co., Ltd. (“SZ QianHai”) uses Chinese Renminbi (“CNY”) as its functional currency.

Assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. Translation gains and losses are recognized in the consolidated statements of operations and comprehensive income as other comprehensive income or loss.

Transactions in currencies
other than the reporting currency are measured and recorded in the reporting currency at the exchange rate prevailing on the transaction
date. The cumulative gain or loss from foreign currency transactions is reflected in the consolidated statements of operations and comprehensive
income as other income (other expenses).

The value of foreign currencies
including, the HK$, THB and RMB, may fluctuate against the United States dollar. Any significant variations of the aforementioned
currencies relative to the United States dollar may materially affect the Company’s financial condition in terms of reporting
in USD.

|                |     |        |     | 2024 |         |     | 2023 |         |     | 2022 |         |
| Period-end     |     | $: HK$ |     |      |  7.8000 |     |      |  7.8000 |     |      |  7.8000 |
| Period average |     | $: HK$ |     |      |  7.8000 |     |      |  7.8000 |     |      |  7.8000 |
| Period-end     |     | $: THB |     |      | 34.3353 |     |      | 34.2265 |     |      | 34.6153 |
| Period average |     | $: THB |     |      | 35.2262 |     |      | 34.7867 |     |      | 35.1428 |
| Period-end     |     | $: RMB |     |      |  7.2994 |     |