Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 25

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 25
---
 due to medical reasons including, but not limited to, the poor egg quality
of aged female clients.

As compared to other countries,
Kyrgyzstan has the following features that allow NewGenIvf to operates its surrogacy services: (i) surrogacy is legal and regulated,
which means that there are less restrictions on either intended parents or surrogate mothers, and a parent-child relationship can be
requested before the child’s birth; and (ii) the costs of operation and surrogate mother is favorable, given the cost of living
in Kyrgyzstan is relatively low.

In addition to the regular
surrogacy services, NewGenIvf is also able to assist the clients with birth certificate applications and facilitate the application of
infants’ passports and visas as supplemental services.

For the years ended
December 31, 2024 and 2023, the revenue from NewGenIvf’s surrogacy and ancillary caring services was US$ Nil and US$1,114,457,
respectively, representing Nil % and 21.7% of its total revenue in the corresponding periods. During 2024, we did not generate any revenue
from surrogacy as we went through a series of reorganization in Kyrgyzstan.

<div align='center'>11</div>

The flow chart below shows
the stages involved in a typical surrogacy process:

In Kyrgyzstan, NewGenIvf
also provides ancillary fertility services when carrying out surrogacy services. These ancillary fertility services include: (i) maternity
caring service, and (ii) documentation service.

<div align='center'>12</div>

Network of Facilities As of December 31, 2024, NewGenIvf had one administrative support office located in Hong Kong and three clinics located in Thailand, in Cambodia, and in Kyrgyzstan, respectively. The integration of the medical facilities in Thailand help NewGenIvf provide a more seamless one-stop experience to its clients. Set out below is an illustration of the locations of NewGenIvf’s clinics and marketing and sales office: The following table sets forth the approximate aggregate average gross floor area (“ G.F.A.”) of each of NewGenIvf’s clinics that were under lease and actively used for client service as of August 1, 2025.

|                                              |     | As of        
 August 1,    
 2025         |        |
|:---------------------------------------------|:----|:-------------|-------:|
|                                              |