Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 131

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 131
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 in relation to the de-spac and business reorganisation.

Net cash used in operating
activities was US$1,766,135 for the year ended December 31, 2023. The difference between NewGenIvf’s net profit of US$108,418 for
the year ended December 31, 2023 and the net cash used in operating activities was primarily attributable to refund of payment from clients
from the contract liabilities and the expenses spent on the legal and professional cost which was capitalized in the book of 2023.

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Investing activities

Net cash used in investing
activities in the six months period ending on June 30, 2025 was $7,542,785, primarily representing NewGenIvf’s investment in intellectual
property, Artwork and Solana.

Net cash used in investing
activities in 2024 was US$53,045, primarily representing purchase of plant and equipment.

Net cash used in investing
activities in 2023 was US$69,848, primarily representing purchase of plant and equipment.

Financing activities

Net cash used provided by
financing activities in the six months period ending on June 30, 2025 was 9,963,297, primarily representing issuance of share capital
utilizing equity line of credit and convertible note issuance.

Net cash provided by financing
activities in 2024 was US$8,675,790, primarily representing issuance of share capital utilizing equity line of credit, convertible note
issuance and proceeds from issuance of promissory notes all totaling to an amount of $8,583,597.

Net cash provided by financing
activities in 2023 was US$1,881,493, primarily representing amounts advanced to shareholder and repayment of prior loans from related
parties.

Contractual Obligations

The following table sets
forth NewGenIvf’s main contractual obligations and commitments as of December 31, 2024 and December 31, 2023.

|                                     |     | December 31, |           |     |      |         |
|                                     |     |         2024 |           |     | 2023 |         |
| Operating lease                     |     |          US$ |           |     |      |         |
| - Payable less than 1 years         |     |              |   111,321 |     |      | 209,303 |
| - Payable 1 – 2 years               |