Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 53

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 53
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) are required to report such payments in their individual income tax returns and
are liable to Swiss federal, cantonal and communal income taxes on any net taxable income for the relevant tax period. Furthermore, for
the purpose of the Direct Federal Tax, dividends, shares in profits, liquidation proceeds and pecuniary benefits from shares (including
bonus shares) are included in the tax base for only 70% of their value (Teilbesteuerung), if the investment amounts to at least 10% of
nominal share capital of the Company. All Swiss cantons have introduced partial taxation measures at cantonal and communal levels.

Swiss resident individuals
as well as non-Swiss resident individual taxpayers holding the Common Shares in connection with the conduct of a trade or business in
Switzerland through a permanent establishment or fixed place of business situated, for tax purposes, in Switzerland, are required to recognize
dividends, distributions based upon a capital reduction (Nennwertrückzahlungen) and reserves paid out of capital contributions (Reserven
aus Kapitaleinlagen) in their income statements for the relevant tax period and are liable to Swiss federal, cantonal and communal individual
or corporate income taxes, as the case may be, on any net taxable earnings accumulated (including the payment of dividends) for such period.
Furthermore, for the purpose of the Direct Federal Tax, dividends, shares in profits, liquidation proceeds and pecuniary benefits from
shares (including bonus shares) are included in the tax base for only 70% (Teilbesteuerung), if the investment is held in connection with
the conduct of a trade or business or qualifies as an opted business asset (gewillkürtes Geschäftsvermögen) according to
Swiss tax law and amounts to at least 10% of nominal share capital of the Company. All cantons have introduced partial taxation measures
at cantonal and communal levels.

Swiss resident corporate
taxpayers as well as non-Swiss resident corporate taxpayers holding the Common Shares in connection with the conduct of a trade or business
through a permanent establishment or fixed place of business situated, for tax purposes, in Switzerland, are required to recognize dividends,
distributions based upon a capital reduction (Nennwertrückzahlungen) and reserves paid out of capital contributions (Reserven aus
Kapitaleinlagen) in their income statements for the relevant tax period and are liable to Swiss federal, cant