Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 234

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 234
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 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 a result, the
Company provided 100% allowance on deferred tax assets on net operating loss.

NOTE 15 — DISAGGREGATED REVENUES

The Company’s main business operations are
to provide: (i) IVF treatment service; and (ii) surrogacy and ancillary caring services.

|                                                | Revenue from external customers | For the year ended 
 December 31,       |      2024 |     |   |      2023 |     |   |      2022 |
|:-----------------------------------------------|:--------------------------------|:-------------------|----------:|:----|:--|----------:|:----|:--|----------:|
| IV