Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 199

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 199
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 (LLP0033395-LCA) & AF002380              |                                |
| (Registered with PCAOB and MIA)                       | Tel: +603-4813 9469            |
| B-11-14, Megan Avenue II                              | Email : info@jns-associate.com |
| 12,Jalan Yap Kwan Seng, 50450, Kuala Lumpur, Malaysia | Website : jns-associate.com    |

<div align='center'>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</div>

The Board of Directors and Shareholders of

NEWGENIVF GROUP LIMITED

Opinion on the Financial Statements

We have audited the accompanying consolidated balance
sheets of Newgenivf Group Limited and its subsidiaries (collectively, the “Company”) as of December 31, 2024 and December
31, 2023, the related consolidated statements of operations and comprehensive income, shareholders’ equity, and cash flows for
the years then ended, and the related notes to the consolidated financial statements and schedule (collectively, the financial statements).
In our opinion, the financial statements present fairly, in all material respects, the financial positions of the Company as of December
31, 2024, and December 31, 2023, and the results of its operations and its cash flows for the years ended then, in conformity with accounting
principles generally accepted in the United States of America.

Substantial Doubt about the Company’s Ability to Continue as a Going Concern

The accompanying consolidated
financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3, the Company
has generated a loss and suffered from an accumulated deficit of $985,994 as of December 31, 2024 and a deficit in shareholders’
equity of $1,481,757 as of that date. These matters raise substantial doubt about the Company’s ability to continue as a going
concern. Management’s plans with regards to these matters are also described in Note 3 to the financial statements. These financial
statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required