Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
On July 6, 2026, the Company issued a press release,
a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Exhibit 99.1
NewGen’s
Advanced Cytometry Platform Poised for Major UAE/GCC Expansion with Big Four Valuation of US$19 Million
Midpoint
equity value for planned UAE cell sorting entity highlights significant growth runway in high-infertility, medical-tourism hotspot
Senior
Strategic Advisor Nadeem Malik, former CEO of Genetics and IVF Institute and President of Fairfax Cryobank, to spearhead commercialization
BANGKOK,
July 6, 2026 – NewGen Group Limited (Nasdaq: NIVF) (“NewGen” or the “Company”), a technology-driven, diversified
growth company, today announced a compelling independent valuation from a Big Four global accounting firm for its planned UAE-based cell
sorting and cytometry leasing business. The Report assigns a midpoint equity value of approximately US$19 million (as of May 31, 2026)
for the new operating entity — building directly on the Company’s prior Big Four valuation of its advanced cytometry intellectual
property at US$17.9 million (October 2025).
This
latest valuation underscores the substantial embedded commercial potential of NewGen’s proprietary platform as it scales into the
high-growth GCC market, creating a powerful new growth engine alongside the Company’s RAK real estate development and digital asset
initiatives.
The
GCC, led by the UAE, represents a transformative opportunity. With one of the region’s highest infertility rates in Asia-Pacific
and Middle East, the UAE IVF market is projected to surge from ~US$270 million in 2024 to ~US$444 million by 2030 (CAGR ~8.5%, per TechSci
Research). NewGen’s model — leasing advanced cytometry devices to local clinics on a fixed + variable consumables basis while
operating a centralized, high-throughput sorting hub — is ideally positioned to capture both domestic demand and booming cross-border
medical tourism from China and India (projected 74.4 million infertile couples in China by 2035, per Frost & Sullivan).
By
establishing this hub in the UAE, NewGen gains a strategic gateway to the broader GCC while leveraging synergies with its Ras Al Khaimah
real estate projects, creating an integrated ecosystem advantage for medical tourism and high-value services.
Nadeem
Malik Appointed Senior Strategic Advisor
NewGen
has appointed industry veteran Nadeem Malik as Senior Strategic Advisor to lead the UAE/GCC expansion. Mr. Malik brings unparalleled
expertise, having served as Chief Executive Officer of Genetics and IVF Institute (2015–2026) and President/General Manager of
Fairfax Cryobank — one of the world’s largest sperm banks — while also overseeing Fairfax EggBank. His board experience
in a major China-Shanghai IVF joint venture and leadership in commercializing MicroSort sperm sorting technology globally make him the
ideal leader to rapidly scale NewGen’s cytometry platform in this dynamic market.
“This
Big Four valuation is a powerful validation of the outsized commercial upside we see in our advanced cytometry platform as we accelerate
into the UAE and GCC,” said Mr. Alfred Siu Wing Fung, Founder, Chairman and Chief Executive Officer of NewGen. “With the
UAE’s exceptionally high infertility rates, robust medical tourism inflows from China and India, and our growing footprint in RAK
real estate, this initiative represents a high-conviction growth catalyst. Nadeem’s world-class track record in scaling IVF, banking,
and cell sorting operations gives us tremendous confidence in executing at speed and delivering meaningful value for patients and shareholders
alike.”
—
Mr. Alfred Siu Wing Fung, Founder, Chairman and CEO
“I
am excited to join NewGen at this pivotal moment,” said Mr. Nadeem Malik. “The Company’s cytometry technology, combined
with the UAE’s strategic location and surging demand, positions us to build a scalable, high-margin business that addresses a critical
unmet need. I look forward to delivering strong clinical outcomes and attractive returns as we establish a leading presence in the GCC
reproductive health market.”
—
Mr. Nadeem Malik, Senior Strategic Advisor
About
NewGen
NewGen
Group Limited (Nasdaq: NIVF) is a technology-forward, diversified growth company with operations across real estate development (NewGenProperty
— focused on Ras Al Khaimah, UAE projects), digital asset and decentralized-finance innovation (NewGenDigital), and health/longevity
solutions (NewGenSup), including its legacy leadership in IVF and assisted reproductive technologies across Asia. The Company is actively
executing its strategic pivot to capture multiple high-growth verticals. To learn more, visit www.nivf.global.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements in this press release include, but are not limited to, statements regarding:
the Company’s belief that the Big Four equity valuation reflects significant commercial potential of its advanced cytometry platform;
the development and launch of the planned UAE-based cell sorting and cytometry leasing business; the Company’s ability to scale its cytometry
platform and capture domestic and cross-border medical tourism demand in the GCC; anticipated synergies between the UAE cytometry hub
and the Company’s Ras Al Khaimah real estate projects; Nadeem Malik’s ability to lead and execute the UAE/GCC expansion as Senior Strategic
Advisor; and the Company’s broader strategic pivot to capture growth opportunities across reproductive health, real estate, and digital
asset verticals.
These
forward-looking statements are based on the Company’s current expectations, estimates, projections and assumptions as of the date of
this press release and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance
or achievements to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to:
the risk that the Big Four equity valuation is not realized and that the planned UAE operating entity does not achieve its projected
commercial returns; business transformation and execution risk arising from the Company’s expansion into a new geography and business
model; UAE and GCC geopolitical, regulatory and market risk, including the risk that required healthcare and medical device operating
permits are not obtained or are subject to material delay; fertility market competition and demand risk, including the risk that projected
market growth and medical tourism inflows do not materialize; the risk that third-party market projections cited in this press release
are revised or do not translate into addressable commercial opportunity; and key personnel risk relating to the appointment of Nadeem
Malik. Additional risks are described in the Company’s Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange
Commission.
Market
and industry data, forecasts and projections referenced in this press release, including data from TechSci Research and Frost & Sullivan,
are derived from third-party sources and have not been independently verified by the Company. Such data and projections involve assumptions
that may not be accurate, and actual results may differ materially. References to such third-party projections do not constitute the
Company’s own forecast, target, or guidance, and should not be relied upon as such.
All
information provided in this press release is as of the date of this press release. The Company undertakes no obligation to update or
revise any forward-looking statements, except as required by applicable securities laws.
Contacts
ICR,
LLC
Robin
Yang Phone: +1 (212) 537-3847
Email:
NewgenivfIR@icrinc.com
