Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 546

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 546
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 one year. A year within the meaning of this provision is the period between two ordinary shareholders’ meetings. If a member of the NLS Board retires or is replaced, his/her successor is elected by the shareholders’ meeting. If the successor is elected at an extraordinary shareholders’ meeting, the term of office ends at completion of the subsequent ordinary shareholders’ meeting. Each member of our NLS Board must be elected individually. Swiss law requires that any listed company exceeding two of the three thresholds specified in article 727 paragraph 1 no. 2 CO in two successive financial years shall have each gender represented by at least 30% on the board of directors and 20% on the executive management team. If a company fails to comply, it must be disclosed in the remuneration report, including an explanation and a designation of measures to be taken to reconcile the failed compliance. The triggering thresholds are (i) a balance sheet total of 20 million CHF, (ii) sales revenue of 40 million CHF and (iii) an average of 250 full -timeper year. NLS currently does not meet these thresholds, however, it is already compliant with the regulation. Following the Merger, NLS will be compliant with this regulation. Powers Our NLS Board has the following non -delegableand inalienable powers and duties: •the overall management of the company and the issuing of all necessary directives; •determination of our appropriate management organization, including the power to define responsibilities and duties of our corporate bodies as well as our internal hierarchy; •the organization of the accounting, financial control and financial planning systems as required for management of the company; •the appointment and dismissal of persons entrusted with managing and representing the company; •overall supervision of the persons entrusted with managing the company, in particular with regard to compliance with the law, articles of association, operational regulations and directives; •compilation and issuance of an annual report, preparation for the general meeting and implementation of its resolutions; •notification to the court in the event that NLS is over -indebted; and •preparing the remuneration report. According to article 17 of our articles of association, the NLS Board may assign the preparation and the implementation of its resolutions or the supervision of business transactions with regard to the non -transferableand inalienable duties to committees or individual members. In the event that the NLS Board assigns duties in accordance with our articles of association and Swiss law, the NLS Board shall design and