Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 19

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 3
Chunk 19
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 Stock Split) for resale under the registration
statements numbered 333-281964 and 333-283421, which represents a substantial percentage of our issued and outstanding Class A Ordinary
Shares. The sale of such securities in the public market by the Selling Securityholders, or the perception that those sales might occur,
could depress the market price of our Class A Ordinary Shares, and could impair our ability to raise capital through the sale of additional
equity securities. We are unable to predict the effect that such sales may have on the prevailing market price of our Class A Ordinary
Shares.

Our dual-class voting structure may limit your ability to influence
corporate matters and could discourage others from pursuing any change of control transactions that holders of our Class A Ordinary Shares
may view as beneficial.

Our authorized and issued
ordinary shares are divided into Class A Ordinary Shares and Class B Ordinary Shares. Each Class A Ordinary Share is entitled to one (1)
vote, while each Class B Ordinary Share is entitled to one hundred (100) votes with all Ordinary Shares voting together as a single class
on most matters. Each Class B Ordinary Share is convertible into one Class A Ordinary Share at any time by the holder thereof, while Class
A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Only Class A Ordinary Shares are listed and
traded on NASDAQ, and we intend to maintain the dual-class voting structure. Mr. Wing Fung Alfred Siu and Ms. Hei Yue Tina Fong beneficially
own all of the issued Class B Ordinary Shares. As of the date of this Report, these Class B Ordinary Shares constitute approximately 2.73%
of our total issued and outstanding shares and 73.76% of the aggregate voting power of our total issued and outstanding shares due to
the disparate voting powers associated with our dual-class share structure. As a result of the dual-class share structure and the concentration
of control, holders of Class B Ordinary Shares have considerable influence over matters such as decisions regarding election of directors
and other significant corporate actions. Such holders may take actions that are not in the best interest of us or our other shareholders.
This concentration of control may discourage, delay, or prevent a change in control of us, which could have the effect of depriving our
other shareholders of the opportunity to receive a premium for their shares as part of a sale of us and may reduce our share price. This
concentrated control will limit the ability of holders of Class A Ordinary Shares to influence corporate matters