Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 213

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 213
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 functional currency using the applicable exchange rates at the balance sheet dates. Translation gains and losses are recognized in the consolidated statements of operations and comprehensive income as other comprehensive income or loss.

Transactions in currencies
other than the reporting currency are measured and recorded in the reporting currency at the exchange rate prevailing on the transaction
date. The cumulative gain or loss from foreign currency transactions is reflected in the consolidated statements of operations and comprehensive
income as other income (other expenses).

The value of foreign currencies
including, the HK$, THB and RMB, may fluctuate against the United States dollar. Any significant variations of the aforementioned
currencies relative to the United States dollar may materially affect the Company’s financial condition in terms of reporting
in USD.

|                |     |        |     | 2024 |         |     | 2023 |         |     | 2022 |         |
| Period-end     |     | $: HK$ |     |      |  7.8000 |     |      |  7.8000 |     |      |  7.8000 |
| Period average |     | $: HK$ |     |      |  7.8000 |     |      |  7.8000 |     |      |  7.8000 |
| Period-end     |     | $: THB |     |      | 34.3353 |     |      | 34.2265 |     |      | 34.6153 |
| Period average |     | $: THB |     |      | 35.2262 |     |      | 34.7867 |     |      | 35.1428 |
| Period-end     |     | $: RMB |     |      |  7.2994 |     |      |  7.0971 |     |      |  6.9091 |
| Period average |     | $: RMB |     |      |  7.1946 |     |      |  7.0835 |     |      |  6.4569 |

Cash and cash equivalents

Cash and cash equivalents
include cash on hand, deposits held at call with financial institutions, other short-term deposits with original maturities of three months
or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Deposits, other receivables and deferred legal &