Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 291

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 291
---

entitle such holder to a refund, provided that the required information is timely furnished to the IRS.

Information Reporting and Withholding

A U. S. Holder may be subject
to backup withholding at a rate of 24% with respect to cash dividends and proceeds from a disposition of common shares. In general, backup
withholding will apply only if a U. S. Holder fails to comply with specified identification procedures. Backup withholding will not apply
with respect to payments made to designated exempt recipients, such as corporations and tax-exempt organizations. Backup withholding is
not an additional tax and may be claimed as a credit against the U. S. federal income tax liability of a U. S. Holder, provided that the
required information is timely furnished to the IRS.

A U. S. Holder with interests
in “specified foreign financial assets” (including, among other assets, our common shares, unless such common shares are held
on such U. S. Holder’s behalf through a financial institution) may be required to file an information report with the IRS if the
aggregate value of all such assets exceeds $50,000 on the last day of the taxable year or $75,000 at any time during the taxable year
(or such higher dollar amount as may be prescribed by applicable IRS guidance); and may be required to file a Report of Foreign Bank and
Financial Accounts if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. You
should consult your own tax advisor as to the possible obligation to file such information report.

F. Dividends and Paying Agents

Not applicable.

G. Statement by Experts

Not applicable.

H. Documents on Display

We are subject to
certain information reporting requirements of the Exchange Act, applicable to foreign private issuers and under those requirements
will file reports with the SEC. The SEC maintains an Internet website that contains reports and other information regarding issuers
that file electronically with the SEC. Our filings with the SEC will also available to the public through the SEC’s website at
www. sec. gov.

As a foreign private issuer,
we are exempt from the rules under the Exchange Act related to the furnishing and content of proxy statements, and our officers, directors
and principal shareholders will be exempt from the reporting and short-swing profit recovery provisions contained in Section 16 of the
Exchange Act. In addition, we are not required under the Exchange Act to file annual, quarterly and current reports and financial statements