Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 231

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 231
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 by the Company, the directors consider the loss allowance for account receivables as of December
31, 2024 and 2023 to be $19.

Cash and cash equivalents

The credit risk on liquid
funds is limited because the counterparties are banks with high credit ratings assigned by international credit-rating agencies.
The Company is exposed to concentration of credit risk on liquid funds which are deposited with several banks with high credit ratings.

Deposits and other receivables, amount due from shareholders and loan to A SPAC I

The Company assessed the
impairment for deposits and other receivables, due from shareholders individually based on internal credit rating and ageing of these
debtors which, in the opinion of the directors, have no significant increase in credit risk since initial recognition. Based on the impairment
assessment performed by the Company, the directors consider the loss allowance for deposits and other receivables, due from shareholders
as of December 31, 2024 is $4, and $17,818, respectively. The loss allowance for deposits and other receivables, due from shareholders
as of December 31, 2023 is $14, and $17,818, respectively.

B. Interest
risk

Cash flow interest rate risk

The Company is exposed to
cash flow interest rate risk through the changes in interest rates related mainly to the Company’s variable-rates bank balances.

The Company currently does
not have any interest rate hedging policy in relation to fair value interest rate risk and cash flow interest rate risk. The directors
monitor the Company’s exposures on an ongoing basis and will consider hedging the interest rate should the need arises.

<div align='center'>F-28</div>

Sensitivity analysis

The sensitivity analysis
below has been determined by assuming that a change in interest rates had occurred at the end of the reporting period and had been applied
to the exposure to interest rates for financial instruments in existence at that date. 1% increase or decrease is used when reporting
interest rate risk internally to key management personnel and represents management’s assessment of the reasonably possible change
in interest rates.

If interest rates had been
1% higher or lower and all other variables were held constant, the Company’s net (loss) income for the years ended December
31, 2024 and 2023 would have increased or decreased by approximately $26,894 and$541, respectively.

Foreign currency risk

Foreign currency risk is
the risk that the holding of foreign currency