Company: NIVFW
Filing Date: 2025-10-10
Form Type: F-1/A
Source: 0001213900-25-098135
Chunk: 252

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-10
Form: F-1/A
Chunk 252
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 affiliated holders |     | $         | 3,150,000 |     |            | 0.830 |     |        | 10.00 | % |     | June 3, 2025 |     | June 3, 2028 |

During the six months period ended June 30, 2025, a total of $ 5,200,000of convertible promissory notes were issued with a discount of 7%. These Notes are to be settled by way of cash or may be converted to Class A ordinary shares. The conversion of these notes is subject to certain criterions as mentioned in the Convertible Note Agreements, which include a beneficiary cap of 9.9% of shareholdings in the Company by JAK.

Subsequently, on July 16, 2025, a total of $ 2,000,000of convertible notes were issued with a discount of 7%, interest rate of 14.75% with a maturity date at January 16, 2030.

F-53

During the year ended December 31, 2024, a total of $ 2,650,000of convertible notes were converted into 7,021(adjusted by three Reverse Stock Splits in 2025) ordinary shares by the note holder, thereby increasing our shareholder equity by the same amount.

During the six months period ended June 30, 2025, a total of $ 4,600,000of convertible notes were converted into 360,965ordinary shares by the note holder, thereby increasing our shareholder equity by the same amount.

The effective interest expense calculated at 16.96% amounted to $125,489and $ 765,177for the period ended June 30, 2025 and December 31, 2024 respectively.

The transaction costs incurred on issuance of the Notes are capitalized and amortised over the term of the Notes as follows:

|                                  |     |   | June 30, 
     2025 |   |     |   | December 31, 
         2024 |   |
|:---------------------------------|:----|:--|---------:|:--|:----|:--|-------------:|:--|
| Balance at beginning of the year |     | $ |  648,232 |   |     | $ |            - |   |
| Add: capitalized during the year |     |   |  155,556 |   |     |