Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 226

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 226
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used by the Company was 6.6% and 5.5% respectively.

NOTE 12 — EQUITY

Ordinary shares

As at December 31,
2023 and December 31, 2024, the Company is authorized to issue 10,000,000 ordinary shares. Each ordinary share is entitled to one vote.
The holders of ordinary shares are also entitled to receive dividends whenever funds are legally available and when declared by the Board
of Directors of the Company.

The equity of the Company
as of December 31, 2024 and 2023 represents 113,852 and 50,747 ordinary shares with par value of $Nil. The number of shares as above
have taken into consideration the reverse stock splits effected on February 11, 2025 at an exchange ratio of one (1) share for twenty
(20) shares and on May 5, 2025 at an exchange ratio of one (1) share for ten (10) shares. Pursuant to ASC 505 the reverse stock split
has been applied retrospectively.

<div align='center'>F-24</div>

Additional paid-in capital

| Balance as at January 1,2023                               |     | $ |  1,464,959 |   |
| Issuance of shares as                                      
 compensation for services (Note 1)                         |     |   |  2,866,856 |   |
| Balance as at December 31, 2023                            |     |   |  4,331,815 |   |
| Issuance of shares through                                 
 Equity Line of Credit (Note 2)                             |     |   |  1,936,236 |   |
| Issuance of shares through conversion of convertible notes |     |   |  2,650,000 |   |
| Decrease in subscription receivable                        
 due to reduction of work by professionals (Note 1)         |     |   | (2,766,856 | ) |
| Business Combination (Note                                 
 3)                                                         |     |   | (6,028,690 | ) |
| Balance as at December 31, 2024                            |     | $ |    122,505 |   |

| * | -                                                                                              
 the number of shares below have been amended to apply the two reverse stock splits in February 
 2025 and in May 2025 retrospectively.                                                          |

Note 1: