Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 237

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 237
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 lease liabilities, net 
 of interest                            |     | $             | 336,527 |   |

F-56 NEWGENIVF GROUP LIMITED
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 AND 2023 (Stated in US Dollars)

NOTE 10 — EQUITY

Ordinary shares

As at September 30,
2024, the Company is authorized to issue ordinary shares with no par value. Each ordinary share is entitled to vote.
The holders of ordinary shares are also entitled to receive dividends whenever funds are legally available and when declared by the Board
of Directors of the Company.

On April 3, 2024, the Company
completed the business combination with A SPAC I Acquisition Corp.

The equity of the Company
as of September 30, 2024 and December 31, 2023 represents and ordinary shares amounting to $ and $, respectively.

Subscription receivables

|                                     |     | 2024 | September 30, |   |     | 2023 | December 31, |   |
|:------------------------------------|:----|:-----|--------------:|:--|:----|:-----|-------------:|:--|
| Balance at beginning of year        |     | $    |     2,967,100 |   |     | $    |      319,872 |   |
| Issuance                            
 of shares (Note 1)                  |     |      |             — |   |     |      |    2,866,856 |   |
| Settlement                          
 of subscription receivable (Note 2) |     |      |             — |   |     |      |     (219,628 | ) |
| Business combination                |     |      |    (2,967,100 | ) |     |      |            — |   |
| Total                               |     | $    |             — |   |     | $    |    2,967,100 |   |

| Note 1: | On August 15, 2022, the Company issued and allotted additional 41,830 ordinary shares to Seazen Resources Investment Limited (“Seazen”) at the consideration of $961,538, of which other borrowings of $641,025 and $641 settlement was offset with consideration as partial settlement and $319,872 was subscription receivable due from Seazen. |

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