Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 63

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 63
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of such revenue must be converted into other currencies in order to meet its foreign currency obligations. For example, NewGenIvf’s
subsidiaries will need to obtain foreign currency to make payments of declared dividends, if any, on its shares.

Under the existing foreign
exchange regulations in Thailand, NewGenIvf will be able to make current account foreign exchange transactions. However, in the future,
governments may take measures, at its discretion, to restrict access to foreign currencies for capital account and current account transactions
under certain circumstances. If such measures are implemented, NewGenIvf may not be able to pay dividends in foreign currencies to holders
of its shares. Foreign exchange transactions under its capital account are subject to significant foreign exchange controls and require
certain approvals. These limitations could affect our ability to obtain foreign exchange through offshore financing.

The value of the THB against
the U.S. dollar and other currencies fluctuates, and is subject to changes resulting from policies of the Thailand and other governments,
and depends to a large extent on domestic and international economic and political developments as well as supply and demand in the local
market. For example, the Bank of Thailand, which is the central bank of Thailand, is responsible for formulating and implementing monetary
policies in the country to maintain the price stability and promote economic stability and sustainable growth. The Bank of Thailand imposes
(four) measures in preventing THB fluctuation. Those are measures to limit THB liquidity, to curb capital inflows, to limit the flows
on Non-resident Bank Account and Non-resident Baht for Securities, and to limit the flows on Non-Deliverable Forward transactions. With
an increased floating range of the THB’s value against foreign currencies and a more market-oriented mechanism for determining
the mid-point exchange rates, the THB may further appreciate or depreciate significantly in value against the U.S. dollar or other
foreign currencies in the long-term, depending on the fluctuation of the basket of currencies against which it is currently valued, or
it may be permitted to enter into a full float, which may also result in a significant appreciation or depreciation of the THB against
the U.S. dollar or other foreign currencies. It cannot be assured that THB will not experience significant appreciation or depreciation
against the U.S. dollar or other foreign currencies in the future.

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Furthermore, NewGenIvf is
also currently required to obtain approvals before converting significant sums