Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 231

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 231
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      |       — |   |     |      |  369,101 |   |
| Change in valuation allowance                   |     |              |  131,991 |   |     |      |  28,441 |   |     |      |        — |   |
| Tax effect on utilization of tax losses         |     |              | (127,521 | ) |     |      |       — |   |     |      |  (36,369 | ) |
| Tax losses unable to be utilized                |     |              |  126,902 |   |     |      |         |   |     |      |          |   |
| Over provision of tax in prior year             |     |              | (486,706 | ) |     |      |         |   |     |      |          |   |
| Tax (income) expense                            |     | $            | (486,706 | ) |     | $    |       — |   |     | $    |  208,141 |   |

<div align='center'>F-26</div>

Deferred tax asset, net

Significant components of
deferred tax assets, net were as follows:

|                                    |     |     | December 31, 
         2024 |   |     |     | December 31, 
         2023 |   |
|:-----------------------------------|:----|:----|-------------:|:--|:----|:----|-------------:|:--|
|                                    |     | USD |              |   |     | USD |              |   |
| Deferred tax assets:               |     |     |              |   |     |     |              |   |
| – Net operating loss carry forward |     |     |      160,432 |   |     |     |       28,441 |   |
| Less: valuation allowance          |     |     |     (160,432 | ) |     |     |      (28,441 | ) |
| Deferred tax assets, net           |     |     |            — |   |     |     |            — |   |

As of December 31, 2024
and 2023, the Company had net operating loss carry forward of $972,316 and $164,721. The Company believes it is less likely than not
that its operations will be able to fully utilize its deferred tax assets related to the net operating loss carry forward. As