Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 252

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 252
---
   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 |
| MicroSort                                                         
 Lab Services LLC                                                  |     | ●   A US                              
 company                               
 ●   Incorporated on January 21, 2025  |     | 100%      |     | Specialized applications,               
 in provision of IVF treatment           |
| Shenzhen                                                          
 Qianhai Fengtai Renhui Health Technology Co., Ltd. (“SZ QianHai”) |     | ●   A Shenzhen China, PRC company     
 ●   Incorporated on October 24, 2024  
 ●   Disposed of on July 29, 2025      |     | 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-39</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 “Share Structure”) of Med Holdings and
FFC, all the preference share capital shall be owned by a Thai national. No preference shares, however, have been issued to date. The
ordinary shares and preference shares have the same rights and status in all respects except for the distribution of profits by way of
dividends with details as follow:

| (a) | Dividends                                                                                      
 from profits of Med Holdings and FFC shall be allocated to the holders of preference shares    
 at a rate fixed from time to