Company: NIVFW
Filing Date: 2025-10-10
Form Type: F-1/A
Source: 0001213900-25-098135
Chunk: 44

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-10
Form: F-1/A
Chunk 44
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 SOL: The value of SOL is 
 influenced by its specific tokenomics:                       |

| o | Inflationary and Deflationary Pressures: New SOL is created through an inflationary protocol issuance, which began at                      
 8% annually and decreases by 15% year-over-year to a terminal rate of 1.5%. Counteracting this is a deflationary mechanism where a portion 
 of transaction fees is burned (permanently removed from circulation). The net effect on the SOL supply (inflationary or deflationary)      
 depends on network usage and is uncertain.                                                                                                 |

| o | Bonding and Unbonding Periods: Staking                                                         
 SOL involves a “warmup” period before rewards are earned and a “cooldown”                      
 or unbonding period of several days when unstaking. Typical bonding period requires one full   
 epoch, and unbonding periods requires 2 to 4 days and one full epoch. During this unbonding    
 period, assets are illiquid and earn no rewards. Furthermore, the protocol limits how much     
 stake can unbond per epoch (approximately 25% of the active stake), which could create a       
 queue and further delay access to our capital during a market downturn, exacerbating liquidity 
 risk.                                                                                          |

SOL is a relatively novel digital asset, and is subject to significant legal, commercial, regulatory and technical uncertainty, which could materially adversely affect the Company’s financial position, operations and prospects. SOL and other digital assets, as well as applications on blockchain networks such as Solana, are relatively novel and are subject to significant uncertainty, which could adversely impact their price. The application of state and federal securities laws and other laws and regulations to digital assets and blockchain-based applications is unclear in certain respects, and it is possible that regulators in the United States or foreign countries may interpret or apply existing laws and regulations in a manner that adversely affects the price of SOL or other digital assets, or the ability of blockchain-based applications to operate. 27 The U.S. federal government, states, regulatory agencies, and foreign countries may also enact new laws and regulations, or pursue regulatory, legislative, enforcement or judicial actions, that could materially impact the price of SOL or the ability of individuals or institutions to own or transfer SOL and utilize blockchain-based applications on networks such as Solana. For example, the U.S. executive branch, the SEC, the European Union’s Markets in Crypto Assets Regulation, among others, have been active in recent years, and in the United