Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 482

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 482
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 and financial principles, along with any significant legal or regulatory matters affecting financial reporting, and (d) oversee financial press releases and disclosures shared with analysts and rating agencies. With regard to interaction with Auditors:(a) assess auditors’ qualifications, independence, performance, and effectiveness (b) recommend appointment of the auditor to shareholders, (c) review the scope and fees of audits and pre -approveaudit and non -auditservices by the auditors and (d) review auditors’ reports, management letters, and significant findings or issues, including any audit problems or difficulties and disagreements with management. W ith regard to internal control, risk management, and compliance:(a) at least annually, review the adequacy and effectiveness of internal controls over financial reporting, including risk assessment, (b) periodically review risk management policies and compliance procedures and (c) discuss with management or external advisors any significant legal matters or regulatory inquiries that could impact financial statements or create material contingent liabilities. With regard to the Audit Committee Charter:review the charter annually and recommend any changes to the NLS Board. The charter is subject to review and modification from time to time by the NLS Board as it may deem appropriate and in the best interests of the Company and its shareholders. After each meeting, the Audit Committee chairperson reports to the chairperson of the NLS Board and updates the NLS Board at its next meeting regarding the Audit Committee’s activities, decisions, and discussions. Urgent matters are communicated promptly to the chairperson of the NLS Board. 257 Compensation, Nomination and Governance Committee The compensation, nomination and governance committee of NLS, or Compensation Committee, combines compensation responsibilities (developing guidelines, setting NLS Board and executive pay, overseeing incentive structures) with the NLS Board and committee nomination duties (identifying candidates, ensuring independence), and corporate governance oversight (recommending policies, conducting self -evaluations). The Compensation Committee is a permanent committee of the NLS Board, elected annually by shareholders from among the NLS Board members. The purpose of the Compensation Committee is to assist the NLS Board with responsibilities relating to compensation of the NLS Board and executive officers, to identify and recommend qualified individuals to serve on the NLS Board; develop NLS Board membership criteria, to oversee NLS’s governance framework and policies in a leadership role and to coordinate the annual evaluation of the NLS Board and its committees. The Compensation Committee is composed of at least two members of the NLS Board. They are elected by the shareholders meeting annually at