Company: NIVFW
Filing Date: 2025-05-20
Form Type: F-1/A
Source: 0001213900-25-045737
Chunk: 213

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-20
Form: F-1/A
Chunk 213
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4 was $92,651 while the due from shareholders balance as of December 31, 2023 was $354,285. |

| (2) | The directors and shareholders of Harcourt Limited are Mr. Siu and Ms. Fong, Harcourt Limited therefore has the common ultimate beneficial owners with the Company. |

F-27

The balance due from shareholders consist of the
following:

|                                           |     | December 31, 
 2024         |          |   |     | 2023 |         |   |
|:------------------------------------------|:----|:-------------|:---------|:--|:----|:-----|--------:|:--|
| Due from/ (to)shareholders/ related party |     | $            | (154,453 | ) |     | $    | 372,103 |   |
| Less: allowance for expected credit loss  |     |              | —        |   |     |      | (17,818 | ) |
|                                           |     | $            | (154,453 | ) |     | $    | 354,285 |   |

The movement of allowances for expected credit
loss is as follow:

|                                     |     | December 31, 
 2024         |         |   |     | 2023 |         |   |
|:------------------------------------|:----|:-------------|--------:|:--|:----|:-----|:--------|:--|
| Balance at beginning of the year    |     | $            | (17,818 | ) |     | $    | (17,059 | ) |
| Reversal of Provision / (Provision) |     |              |  17,818 |   |     |      | (759    | ) |
| Ending balance                      |     | $            |       — |   |     | $    | (17,818 | ) |

In addition to the transactions
and balances detailed elsewhere in these consolidated financial statements, the Company had the following transactions with related parties:

|                                                              |     | December 31, |    2024 |     |   |    2023 |   |     |   |    2022 |
|:-------------------------------------------------------------|:----|:-------------|--------:|:----|:--|--------:|:--|:----|:--|--------:|
| Directors’ remuneration to Mr. Siu Wing Fung, Alfred