NewGen Unveils Share Buyback Program Worth Up to US$2 Million

Share Repurchase Program Announcement: NewGenIVF Group Limited has authorized a share repurchase program allowing the company to buy back up to $2 million of its Class A ordinary shares over the next 24 months, reflecting management's belief that the current market valuation does not represent the company's intrinsic value.

Management's Confidence: CEO Siu Wing Fung Alfred expressed confidence in the company's business model and growth potential, stating that the repurchase program demonstrates their commitment to enhancing shareholder returns and investing in the company's future.

Funding and Execution: The share repurchase will be funded using existing cash reserves, and the timing and number of shares repurchased will depend on various market factors and conditions, with the Board periodically reviewing the program.

Company Overview: NewGenIVF Group operates in real estate development, digital asset management, and reproductive health solutions, leveraging technology to drive growth and returns across multiple global markets.