Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 156

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 156
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. The Commitment Shares will be fully earned by White Lion regardless of termination of the White Lion Purchase
Agreement.

The White Lion Purchase Agreement
and the RRA contain customary representations, warranties, conditions and indemnification obligations of the parties. The representations,
warranties and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely
for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties.

Business Model

With a focus on providing
fertility treatments to fulfil couples and individuals’ dreams of raising children, NewGenIvf offers mainly two services, namely:
(i) IVF treatment service, comprising traditional IVF and egg donation; and (ii) surrogacy and ancillary caring services. The
following table sets forth NewGenIvf’s revenue by service offerings and as a percentage of total revenue for the periods indicated:

|                                         |     | For the Year ended December 31, |      2024 |     |   |       |     |     |      2023 |     |   |       |
|:----------------------------------------|:----|:--------------------------------|----------:|:----|:--|------:|:----|:----|----------:|:----|:--|------:|
|                                         |     | US$                             |           |     | % |       |     | US$ |           |     | % |       |
| IVF Treatment Service                   |     |                                 | 5,433,375 |     |   | 100.0 |     |     | 4,021,696 |     |   |  78.3 |
| Surrogacy and Ancillary Caring Services |     |                                 |         — |     |   |     — |     |     | 1,114,457 |     |   |  21.7 |
| Total Revenue                           |     |                                 | 5,433,375 |     |   | 100.0 |     |     | 5,136,153 |     |   | 100.0 |

IVF Treatment Service

NewGenIvf primarily provides
its clients with conventional IVF/ICSI and embryo transfer services. NewGenIvf is also able to, through MicroSort technology, help fulfill
the family-balancing dreams of its clients and avoiding certain gender-related hereditary diseases.

IVF treatments that NewGenIvf
provides