Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 192

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 192
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|:----|:--------------------------------------|:----|:------------|:----|:--------------------------------------------------------------------|
| Well Image Limited                                                         |     | ●   A                                 
 Hong Kong company                     
 ●   Incorporated                      
 on July 11, 2008                      |     | 100%        |     | Investment holding                                                  |
| Med Holdings Limited (“Med Holdings”) (Note)                               |     | ●   A Thailand company                
 ●   Incorporated                      
 on January 21, 2015                   |     | 49%*        |     | Investment holding                                                  |
| First Fertility PGS Center Limited (“FFC”) (Note)                          |     | ●   A Thailand company                
 ●   Incorporated                      
 on March 6, 2014                      |     | 74%         |     | Provision of IVF treatment                                          |
| First Fertility Phnom Penh Limited (“FFPP”)                                |     | ●   A Cambodia company                
 ●   Incorporated                      
 on August 10, 2015                    |     | 100%        |     | Provision of IVF treatment                                          |
| Bi Clinic Ltd (“FFBi”)                                                     |     | ●   A Kyrgyzstan company              
 ●   Incorporated on December 16, 2021 
 ●   Acquired on December 17, 2024     |     | 100%        |     | Provision of IVF treatment, surrogacy and ancillary caring services |
| Shenzhen Qianhai Fengtai Renhui Health Technology Co., Ltd. (“SZ QianHai”) |     | ●   A Shenzhen China, PRC company     
 ●   Incorporated on October 24, 2024  |     | 100%        |     | Marketing and administrative services                               |

| * | Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds significantly more voting rights than any other vote holder or organized company of vote holders. An assessment has been made, taking into account all the factors relevant to the relationship with the investee, to ascertain control has been established and the investee should be consolidated as a subsidiary of the Company. |

<div align='center'>F-10</div>

Note:

According to Thailand’s
Foreign Business Act (the “FBA”), the majority shareholdings of limited company incorporated in Thailand is required to be
owned by Thai nationals.

With reference to the capital
structure and voting rights structure of ordinary shares and preference shares (the “