Company: NIVFW
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087717
Chunk: 184

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-15
Form: F-1
Chunk 184
---
 16, 2021 ●   Acquired on December 17, 2024 |     | 100%        |     | Provision of IVF treatment, surrogacy and ancillary caring services |
| Shenzhen Qianhai Fengtai Renhui Health Technology Co., Ltd. (“SZ QianHai”) |     | ●   A Shenzhen China, PRC company ●   Incorporated on October 24, 2024                           |     | 100%        |     | Marketing and administrative services                               |

| * | Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds significantly more voting rights than any other vote holder or organized company of vote holders. An assessment has been made, taking into account all the factors relevant to the relationship with the investee, to ascertain control has been established and the investee should be consolidated as a subsidiary of the Company. |

Note:

According to Thailand’s
Foreign Business Act (the “FBA”), the majority shareholdings of limited company incorporated in Thailand is required to be
owned by Thai nationals.

F-10

With reference to the capital
structure and voting rights structure of ordinary shares and preference shares (the “Share Structure”) of Med Holdings and
FFC, all the preference share capital shall be owned by a Thai national. No preference shares, however, have been issued to date. The
ordinary shares and preference shares have the same rights and status in all respects except for the distribution of profits by way of
dividends with details as follow:

| (a) | Dividends from profits of Med Holdings and FFC shall be allocated to the holders of preference shares at a rate fixed from time to time by the board of directors prior to allocating to the holders of ordinary shares. In any event, such dividends to be allocated to the holders of preference shares shall not exceed 15% of the total amount of dividends declared from time to time; |

| (b) | After allocation of dividends as per (a) above, the rest of the dividends shall be distributed equally amongst the holders of ordinary shares according to their shareholding ratio; |

| (c) | The holders of preferred shares shall be entitled to dividends only in respect of the years for which the Company has declared a dividend payment, and there shall be no cumulative dividends; and |

| (d) | Dividends allocated to the holders of preferred shares in each year shall be limited at the rate as