Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 329

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 15
Chunk 329
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ITEM 15. CONTROLS AND PROCEDURES

(a) Disclosure Controls and Procedures

We maintain disclosure controls
and procedures designed to provide reasonable assurance that information required to be disclosed in reports filed under the Exchange
Act is recorded, processed, summarized and reported within the specified time periods and accumulated and communicated to our management,
including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Our management, with the participation
of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures
(as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2024. As of December 31, 2024, our
disclosure controls and procedures were not effective as a result of our material weaknesses in our internal control over financial reporting.

(b) Management’s Annual Report on Internal
Control over Financial Reporting

Our management is
responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial
reporting is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act as a process designed by, or under the supervision of,
a company’s principal executive officer and principal financial officer, or persons performing similar functions, and effected
by a company’s board of directors, management, and other personnel, to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles and includes those policies and procedures that:

  pertain                                                                                                                                 

  provide                                                                                                                                      

  provide                                                                                                                                 

Because of its inherent limitations,
internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

As described in Item 3. D.
“ Risk Factors,” as of December 31, 2024, we have material weaknesses in our internal control over financial reporting relating
to a lack of sufficient number of trained professionals with an appropriate level of accounting knowledge to design and maintain controls
over the preparation of financial statements, and relating to a lack of maintaining appropriate segregation of duties.

Under the supervision of and
with the participation of our principal executive officer and principal financial officer, our management assessed the effectiveness of
our internal