Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 90

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 90
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 Services on November 4, 2022 to provide the legal framework for 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.

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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.

In addition, considerable
uncertainties exist in relation to the interpretation and implementation