Company: NIVFW
Filing Date: 2025-05-20
Form Type: F-1/A
Source: 0001213900-25-045737
Chunk: 208

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-20
Form: F-1/A
Chunk 208
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     |      |  369,101 |   |
| Change in valuation allowance                   |     |              |  131,991 |   |     |      |  28,441 |   |     |      |        — |   |
| Tax effect on utilization of tax losses         |     |              | (127,521 | ) |     |      |       — |   |     |      |  (36,369 | ) |
| Tax losses unable to be utilized                |     |              |  126,902 |   |     |      |         |   |     |      |          |   |
| Over provision of tax in prior year             |     |              | (486,706 | ) |     |      |         |   |     |      |          |   |
| Tax (income) expense                            |     | $            | (486,706 | ) |     | $    |       — |   |     | $    |  208,141 |   |

F-24

Deferred tax asset, net

Significant components of deferred tax assets,
net were as follows:

|                                    |     |     | December 31, 
         2024 |   |     |     | December 31, 
         2023 |   |
|:-----------------------------------|:----|:----|-------------:|:--|:----|:----|-------------:|:--|
|                                    |     | USD |              |   |     | USD |              |   |
| Deferred tax assets:               |     |     |              |   |     |     |              |   |
| – Net operating loss carry forward |     |     |      160,432 |   |     |     |       28,441 |   |
| Less: valuation allowance          |     |     |     (160,432 | ) |     |     |      (28,441 | ) |
| Deferred tax assets, net           |     |     |            — |   |     |     |            — |   |

As of December 31, 2024 and
2023, the Company had net operating loss carry forward of $ and $. The Company believes it is less likely than not that
its operations will be able to fully utilize its deferred tax assets related to the net operating loss carry forward. As a result, the
Company provided % allowance on deferred tax assets on net operating loss.

NOTE 15 — DISAG