Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 72

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 72
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 net  |     | 18j              |     |         |    82 |     |           |  1,705 |     |          |   (69 | ) |     |              |     - |   |     |              |     - |     |             | -    |   |     |             |       - |   |     |        |  1,718 |   |
| Expiration of departed employees’ options |     |                  |     |         |     - |     |           |    144 |     |          |     - |   |     |              |  (144 | ) |     |              |     - |     |             | -    |   |     |             |       - |   |     |        |      - |   |
| Shareholder transactions, net             |     |                  |     |         |     - |     |           |      - |     |          |     - |   |     |              |     - |   |     |              |   310 |     |             | -    |   |     |             |       - |   |     |        |    310 |   |
| Cost of share-based payment               |     |                  |     |         |     - |     |           |      - |     |          |     - |   |     |              |   235 |   |     |              |     - |     |             | -    |   |     |             |       - |   |     |        |    235 |   |
| Balance as of December 31, 2022           |     |                  |     |         | 1,081 |     |           | 58,368 |     |          | 2,746 |   |     |              | 1,364 |   |     |              | 3,518 |     |             | (904 | ) |     |             | (66,080 | ) |     |        |     93 |   |

<div align='center'>The attached Notes constitute an integral part
of the financial statements.

F-6

KADIMASTEM LTD.STATEMENTS OF CASH FLOWS</div>

|                                                                                       |     | Year ended December 31, 
 2024                    |        |   |     | 2023 |        |   |     | 2022 |        |   |
|:--------------------------------------------------------------------------------------|:----|:----------------