Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 177

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 177
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 aggregate gross purchase price of newly issued Ordinary Shares, with an automatic increase to
Three Hundred Million Dollars ($300,000,000) upon any substantial M& A or Material Transaction (as defined in the White Lion Purchase
Agreement) and a further option to increase to Five Hundred Million Dollars ($500,000,000) after Two Hundred and Fifty Million Dollars
($250,000,000) has been issued and sold to White Lion under the White Lion Purchase Agreement, subject to certain limitations and conditions
set forth in the White Lion Purchase Agreement. The White Lion Purchase Agreement was included as Exhibit 10.27 of the Form F-1 registration
statement filed on December 5, 2024.

On December 10, 2024,35,000Class A Ordinary
Shares were issued to White Lion amounting $276,850, in consideration for White Lion’s commitment pursuant to the White Lion Purchase
Agreement. In addition, on December 12, 2024, pursuant to this Agreement, the Company issued9,500Class A Ordinary Shares for a purchase
price of $1,572,186. On December 24, 2024, the Company issued25,000Class A Ordinary Shares for a purchase price of $160,050. On December
31, 2024, the Company issued30,000Class A Ordinary Shares for a purchase price of $204,000.

Note 3: Upon de-spac business combination, additional paid-in capital
and capital reserve of Legacy NewGenIvf was combined with additional paid-in capital and accumulated net losses of the A SPAC I Acquisition
Corp and added into the additional paid-in capital of NewGenIvf Group upon the reverse take-over.

NOTE 13 - EMPLOYEE BENEFIT PLANS

HK SAR

The Company has a defined
contribution pension scheme for its qualifying employees. The scheme assets are held under a provident fund managed by an independent
fund manager. The Company and its employees are each required to make contributions to the scheme calculated at5% of the employees’
basic salaries on monthly basis.

Thailand

The Company is obliged to
make social security payments within the first 15 days of the month over which it is accrued. In 2024, the Company and its employees
are each required to make contributions to the scheme calculated at5% of the employee’s salary with a cap of THB750per month.

Cambodia

Every business employing
one or more workers must register its business