Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 246

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 246
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DENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 AND 2023
(Stated in US Dollars)

NOTE 15 — RELATED PARTY BALANCES AND TRANSACTIONS

The summary of amount due from and due to related
parties as the following:

| Due from shareholders consist of the following:                               |     | Relationship                        |     | September 30, 
 2024          |          |   |     | December 31, 
 2023         |         |
|:------------------------------------------------------------------------------|:----|:------------------------------------|:----|:--------------|:---------|:--|:----|:-------------|--------:|
| Mr. Siu Wing Fung, Alfred (“Mr. Siu”) and Ms. Fong Hei Yue, Tina (“Ms. Fong”) |     | Shareholders and directors (note 1) |     | $             | —        |   |     | $            | 354,285 |
| Due to a related party consist of the following:                              |     |                                     |     |               |          |   |     |              |         |
| Mr. Siu Wing Fung, Alfred (“Mr. Siu”) and Ms. Fong Hei Yue, Tina (“Ms. Fong”) |     | Shareholders and directors (note 1) |     | $             | (221,203 | ) |     | $            |       — |

The balance due from shareholders consist of
the following:

|                                          |     | September 30, 
 2024          |          |   |     | December 31, 
 2023         |         |   |
|:-----------------------------------------|:----|:--------------|:---------|:--|:----|:-------------|--------:|:--|
| Due (to) from shareholders               |     | $             | (221,203 | ) |     | $            | 372,103 |   |
| Less: allowance for expected credit loss |     |               | —        |   |     |              | (17,818 | ) |
|                                          |     | $             | (221,203 | ) |     | $            | 354,285 |   |

F-64 NEWGENIVF GROUP LIMITED
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 AND 2023
(