Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 283

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 283
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 |          |        — |   |     |              | (486,706 | ) |
| Tax (income) expense                            |     | $        |        — |   |     | $            | (486,706 | ) |

Deferred tax asset, net

Significant components of
deferred tax assets, net were as follows:

|                                    |     |     | June 30, 
     2025 |   |     |     | December 31, 
         2024 |   |
|:-----------------------------------|:----|:----|---------:|:--|:----|:----|-------------:|:--|
|                                    |     | USD |          |   |     | USD |              |   |
| Deferred tax assets:               |     |     |          |   |     |     |              |   |
| – Net operating loss carry forward |     |     |  386,988 |   |     |     |      160,432 |   |
| Less: valuation allowance          |     |     | (386,988 | ) |     |     |     (160,432 | ) |
| Deferred tax assets, net           |     |     |        — |   |     |     |            — |   |

As of June 30, 2025
and December 31, 2024, the Company had net operating loss carry forward of $386,988 and $160,432. The Company believes it is less likely
than not that its operations will be able to fully utilize its deferred tax assets related to the net operating loss carry forward. As
a result, the Company provided 100% allowance on deferred tax assets on net operating loss.

<div align='center'>F-59</div>

NOTE 15 — DISAGGREGATED REVENUES

The Company’s main business operations are
to provide: (i) IVF treatment service; and (ii) surrogacy and ancillary caring services.

|                                                | Revenue from external customers |   |  June 30, 
      2025 |     |   | December 31, 
         2024 |
|:-----------------------------------------------|:--------------------------------|:--|----------:|:----|:--|-------------:|
| IVF treatment service                          |                                 | $ | 2,019,628 |     | $ |    5,433,375 |
| Surrogacy, ancillary caring and other services |