Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 91

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 91
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 the
management of commercial advertising of goods and services for all types, forms and means in Cambodia. In light of this Sub-Decree,
in addition to the permit requirement of the Cambodia MOH, a person wishing to advertise their goods and/or services in Cambodia may
also apply for a compliance certificate from the Ministry of Commerce, which certifies that advertising text or content complies
with the Law on Consumer Protection or other applicable regulations.

For Kyrgyzstan, the Law on Advertisements
of December 24, 1998, No. 155 requires that if the activities of the advertiser subject to licensing, the advertisement of such advertiser
must include the license number and the name of the authority that issued the license, except for radio advertising, where it is sufficient
to state “licensed activity” on the territory of Kyrgyzstan. In advertising goods (including works and services), and other
objects of advertising, cost indicators must be stated in the national currency. There are also other requirements established in relation
to size, frequency, cost and other features of advertisements via different types of media.

New laws and regulations relevant
to the fertility services may be introduced in the future, or the current applicable regulations may otherwise be amended or replaced
requiring the assisted reproductive medical facilities in its network to conduct business with additional oversight and regulatory compliance.
If NewGenIvf fails to obtain the necessary licenses, permits and approvals, NewGenIvf may be subject to fines, confiscation of revenues
generated from incompliance operations, or the suspension of relevant operations. NewGenIvf may also experience adverse publicity arising
from such non-compliance with government regulations that negatively impacts its brand. NewGenIvf may experience difficulties or failures
in obtaining the necessary approvals, licenses, and permits for new spaces or new service offerings. If NewGenIvf fails to obtain the
material licenses, NewGenIvf’s business activities could be severely delayed. In addition, there can be no assurance that NewGenIvf
will be able to obtain, renew, and/or convert all of the approvals, licenses, and permits required for its existing business operations
upon their expiration in a timely manner, in a cost-efficient manner or at all, which could adversely affect NewGenIvf’s business
operations and financial condition.

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In addition, considerable
uncertainties exist in relation to the interpretation and implementation of existing and future laws and regulations governing NewGenIvf’s
business activities. NewGen