Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 101

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 101
---
 for Legacy NewGenIvf prior to the Business Combination.

| Name                   |     | 2024         
 Compensation 
 US$          |         |     | 2023         
 Compensation 
 US$          |         |
| Directors and Officers |     |              |         |     |              |         |
| Wing Fung Alfred Siu   |     |              | 190,000 |     |              | 125,000 |
| Hei Yue Tina Fong      |     |              | 190,000 |     |              | 125,000 |
| Total                  |     | $            | 380,000 |     | $            | 250,000 |

Board Practices

Committees of the Board of Directors

We established three committees
under the Board: an audit committee (“Audit Committee”), a Compensation Committee (“Compensation Committee”) and
a nominating and corporate governance committee (“Nominating and Corporate Governance Committee). We have adopted a charter for
each of the three committees. Each committee’s members and functions are described below.

Audit Committee. Our Audit
Committee consists of Mr. Hok Man Jefferson Au (Chairman of Audit Committee), Ms, Florianna Ann Chi Wan Chan, and Mr. Tam Chun Wa. We
have determined that all of these individuals satisfy the “independence” requirements of NASDAQ Rule 5605 and Rule 10A-3 under
the Exchange Act. Our Board has determined that Mr. Hok Man Jefferson Au qualifies as an audit committee financial expert and has the
accounting or financial management expertise as required under Item 407(d)(5)(ii) and (iii) of Regulation S-K. The audit committee will
oversee our accounting and financial reporting processes and the audits of the financial statements of our company. The Audit Committee
will be responsible for, among other things:

| ● | establishing clear hiring policies for employees or former employees of the independent auditors; |

| ● | reviewing and recommending to the Board for approval, the appointment, reappointment or removal of the independent auditor, after considering its annual performance evaluation of the independent auditor; |

| ● | approving the remuneration and terms of engagement of the independent auditor and pre-approving all auditing and non-auditing services permitted to be performed by the Company’s independent auditors at least annually; |

| ● | obtaining a written report from the Company’s independent auditor describing matters relating to its independence and quality control procedures; |

| ● | reviewing with the independent registered public accounting