Company: NIVFW
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087717
Chunk: 114

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-15
Form: F-1
Chunk 114
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 ancillary caring services including maternity caring services such as regular body check and provision of vitamins, supplements and medicines to surrogate mothers, documentation service, and hotel accommodation services. Revenue from surrogacy and ancillary caring services is recognized at a point in time when the surrogate mother gives birth. Cost of revenue The following table sets forth a breakdown of NewGenIvf’s cost of revenue by the nature of the cost, in absolute amounts and as percentages of total cost of revenues, for the periods indicated.

|                        |     | For the Year ended December 31, |      2024 |     |   |       |     |     |      2023 |     |   |       |
|:-----------------------|:----|:--------------------------------|----------:|:----|:--|------:|:----|:----|----------:|:----|:--|------:|
|                        |     | US$                             |           |     | % |       |     | US$ |           |     | % |       |
| Cost of revenues       |     |                                 |           |     |   |       |     |     |           |     |   |       |
| Cost of goods sold     |     |                                 |   629,620 |     |   |  17.5 |     |     |   594,984 |     |   |  17.2 |
| Clinic costs           |     |                                 | 2,976,861 |     |   |  82.5 |     |     | 2,859,384 |     |   |  82.8 |
| Total cost of revenues |     |                                 | 3,606,481 |     |   | 100.0 |     |     | 3,454,368 |     |   | 100.0 |

Cost of goods sold.Cost of goods sold primarily consisted of purchase and direct cost for IVF treatment services and surrogacy and ancillary caring services. NewGenIvf’s cost of goods was mostly recognized during the provision of IVF treatment services. Clinic costs.Clinic costs primarily consisted of sub-contracting charges, office supplies and staff salaries and bonus. The largest portion of clinic costs was sub-contracting charges, representing fees paid to agents who recruited surrogate mothers and assisted in the documentation, consulting and medical treatment arrangement throughout treatment procedure. NewGenIvf’s clinic costs of goods were mostly recognized during the provision of surrogacy services