NewGen to Acquire Additional 3% of K25.ai at US$250 Million Valuation Following Strong Community Beta; Strengthening Market Cap Above US$5 Million

About this update from Newgenivf Group Limited

Follow-on investment would increase NewGen's aggregate ownership to 13% BANGKOK, July 27, 2026 (GLOBE NEWSWIRE) -- NewGenIVF Group Limited (Nasdaq: NIVF) ("NewGen" or the "Company"), a technology-driven, diversified growth company, today announced that it has entered into a definitive agreement to acquire an additional 3% equity interest in K25.ai at a US$250 million equity valuation. The US$7.5 million investment follows K25.ai's successful community beta and rapidly accelerating market traction. Upon completion, NewGen's aggregate ownership in K25.ai is expected to increase from 10% to 13%. As part of the consideration, NewGen expects to issue approximately 2.5 million Class A ordinary shares. Upon issuance, the Company's total outstanding shares are expected to increase to approximately 5.9 million, strengthening its market capitalization above the US$5 million threshold and supporting ongoing Nasdaq listing compliance. K25.ai recently entered community beta and is seeing early engagement from users and creators. The stepped-up US$250 million valuation reflects NewGen's confidence in the platform's AI-native approach and its potential as it scales across Asia-Pacific. NewGen's existing 10% stake in K25.ai has an implied value of US$25 million at the latest transaction valuation, compared with its original investment cost of US$10 million. Alfred Siu, Founder, Chairman and Chief Executive Officer of NewGen, commented: "K25.ai's strong community beta performance and early growth reinforce our conviction that it can become a defining AI-powered information market platform. The increase from our original US$100 million entry valuation to US$250 million reflects the company's rapid execution, expanding ecosystem and significant market opportunity. By increasing our investment, we are deepening our participation at an important stage of K25.ai's development while also strengthening our market capitalization position." Andy Cheung, Founder and Chief Executive Officer of K25.ai, commented: "The step-up to a US$250 million valuation after our community beta launch validates the platform's early traction. NewGen's decision to increase its stake at this higher valuation reflects confidence in our roadmap as we scale across Asia-Pacific." The NewGen Class A ordinary shares forming part of the consideration are expected to be issued pursuant to applicable exemption...

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