Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 203

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 203
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 ) |     |            |    122,505 |   |     |             |   (985,994 | ) |     |               |  18,875 |   |     |              | (1,048,614 | ) |     |                  | (433,143 | ) |     |       | (1,481,757 | ) |

| * | The no of shares as presented have been adjusted retrospectively for a Reverse Share Split effected in February 2025 of 1 share for every 20 existing share issued and a Reverse Share Split effected in May 2025 of 1 share for every 10 existing share issued respectively. |

| ** | Re-presented as mentioned in Note 23 |

<div align='center'>The accompanying notes are an integral part of
these consolidated financial statements.

F-7

NEWGENIVF GROUP LIMITED
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
(Stated in US Dollars)</div>

| CASH FLOWS FROM OPERATING ACTIVITIES                                |     | December 31, 
 2024         |            |   |     | 2023** |            |   |     | 2022** |            |   |
|:--------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------|-----------:|:--|:----|:-------|-----------:|:--|
| Net (loss) income                                                   |     | $            |   (474,101 | ) |     | $      |    108,418 |   |     | $      |    135,847 |   |
| Adjustments to reconcile net (loss)                                 
 income to net cash provided by operating activities:                |     |              |            |   |     |        |            |   |     |        |            |   |
| Depreciation of plant and equipment                                 |     |              |     19,502 |   |     |        |     31,173 |   |     |        |    100,533 |   |
| Amortization of right-of-use assets                                 |     |              |    186,762 |   |     |        |    198,535 |   |     |        |    203,411 |   |
| Loss on disposal of plant and equipment                             |