Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 118

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 10
Chunk 118
---
ation Merger Does Not Qualify as a
Reorganization.” Any such gain recognized by such U. S. Holder on the exchange of ASCA securities for The Company securities
would be allocated ratably over the U. S. Holder’s holding period for the ASCA securities. Such amounts allocated for the current
taxable year and any taxable year prior to the first taxable year in which ASCA was a PFIC would be treated as ordinary income, and not
as capital gain, in the U. S. Holder’s taxable year, and such amounts allocated to each other taxable year beginning with the
year that ASCA became a PFIC would be taxed at the highest tax rate in effect for each year to which the gain was allocated, together
with a special interest charge on the tax attributable to each such year.

Whether the Company is a
PFIC for any taxable year is a factual determination that depends on, among other things, the composition of the Company’s income
and assets, the market value of its assets, and potentially the composition of the income and assets of one or more of the Company’s
subsidiaries and the market value of their assets in that year. Whether a Company subsidiary is a PFIC for any taxable year is likewise
a factual determination that depends on, among other things, the composition of the subsidiary’s income and assets and the market
value of such assets in that year. One or more changes in these factors may cause the Company and/or one or more of its subsidiaries to
become a PFIC for a taxable year even though it has not been a PFIC for one or more prior taxable years. Whether the Company or a subsidiary
is treated as a PFIC for U. S. federal income tax purposes is a factual determination that must be made annually at the close of each
taxable year and, thus, is subject to significant uncertainty. Moreover, there can be no assurance that the Company will timely provide
a PFIC annual information statement for 2024 or going forward. The failure to provide such information on an annual basis could preclude
U. S. Holders from making or maintaining a “qualified electing fund” election under Section 1295 of the Code.

If the Company were determined
to be a PFIC for any taxable year (or portion thereof) that is included in the holding period of a U. S. Holder of Class A Ordinary
Shares, the U. S. Holder did not make a valid “mark-to-market”