The Company’s subsidiaries are detailed
in the table as follows:
| Name | | Background | | Ownership % | | Principal activity | | NewGenivf Limited | | ● A Cayman Islands company ● Incorporated on 16 January, 2019 | | 100% | | Investment holding | | FFPGS (HK) Limited | | ● A Hong Kong company ● Incorporated on December 19, 2019 | | 100% | | Marketing and administrative services | | Well Image Limited | | ● A Hong Kong company ● Incorporated on July 11, 2008 | | 100% | | Investment holding | | Med Holdings Limited (“Med Holdings”) (Note) | | ● A Thailand company ● Incorporated on January 21, 2015 | | 49%* | | Investment holding | | First Fertility PGS Center Limited (“FFC”) (Note) | | ● A Thailand company ● Incorporated on March 6, 2014 | | 74% | | Provision of IVF treatment | | First Fertility Phnom Penh Limited (“FFPP”) | | ● A Cambodia company ● Incorporated on August 10, 2015 | | 100% | | Provision of IVF treatment | | Bi Clinic Ltd (“FFBi”) | | ● A Kyrgyzstan company ● Incorporated on December 16, 2021 ● Acquired on December 17, 2024 | | 100% | | Provision of IVF treatment, surrogacy and ancillary caring services | | Shenzhen Qianhai Fengtai Renhui Health Technology Co., Ltd. (“SZ QianHai”) | | ● A Shenzhen China, PRC company ● Incorporated on October 24, 2024 | | 100% | | Marketing and administrative services |
| * | Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds significantly more voting rights than any other vote holder or organized company of vote holders. An assessment has been made, taking into account all the factors relevant to the relationship with the investee, to ascertain control has been established and the investee should be consolidated as a subsidiary of the Company. |
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