Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 183

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 183
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 statements. F-8 NEWGENIVF LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(Stated in US Dollars)

NOTE 1 — ORGANIZATION AND PRINCIPAL ACTIVITIES

NewGenIvf Limited (the “Company” or the “Group”) was incorporated under the laws of the Cayman Islands on January 16, 2019 as an investment holding company.

The following is an organization chart of the Company and its subsidiaries:

As of December 31, 2023, the Company’s subsidiaries are detailed in the table as follows:

| Name                                              
 FFPGS (HK) Limited                                |     | Background                                                    
 ●   A Hong Kong company ●   Incorporated on December 19, 2019 |     | Ownership % 
 100%        |     | Principal activity                    
 Marketing and administrative services |
|:--------------------------------------------------|:----|:--------------------------------------------------------------|:----|:------------|:----|:--------------------------------------|
| Well Image Limited                                |     | ●   A Hong Kong company ●   Incorporated on July 11, 2008     |     | 100%        |     | Investment holding                    |
| Med Holdings Limited (“Med Holdings”) (Note)      |     | ●   A Thailand company ●   Incorporated on January 21, 2015   |     | 49%*        |     | Investment holding                    |
| First Fertility PGS Center Limited (“FFC”) (Note) |     | ●   A Thailand company ●   Incorporated on March 6, 2014      |     | 74%         |     | Provision of IVF treatment            |
| First Fertility Phnom Penh Limited (“FFPP”)       |     | ●   A Cambodia company ●   Incorporated on August 10, 2015    |     | 100%        |     | Provision of IVF treatment            |

F-9 NEWGENIVF LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(Stated in US Dollars) NOTE 1 — ORGANIZATION AND PRINCIPAL ACTIVITIES (cont.)

| * | Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds