Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 45

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 45
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 to operate the remaining business; |

| ● | our assets, after the divestment, are not invested     
 in accordance with our statutory business purpose; and |

| ● | the proceeds of the divestment are not earmarked                                                                                   
 for reinvestment in accordance with the Company’s business purpose but, instead, are intended for distribution to our shareholders 
 or for financial investments unrelated to our business.                                                                            |

Board of Directors

Pursuant to Swiss law and
according to our articles of association, the board of directors shall consist of three or more members, none of which need to be shareholders.

Swiss law requires that any
listed company exceeding two of the three thresholds specified in art. 727 para.1 no. 2 of the 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. For our board of directors, this rule will apply, subject to meeting the thresholds required under the CO, from
the business year 2026, whereas for the executive management from the business year 2031. 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-time per year.

The members of our board of
directors are elected by the general meeting of shareholders for a term of one year. A year within the meaning of this provision is the
period between two ordinary general meetings of shareholders. If a member of the board of directors retires or is replaced, his successor
shall continue in office until the end of his predecessor’s term. Each member of our board of directors must be elected individually.

Powers

Our board of directors has
the following non-delegable and 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; |

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| ● | the organization of the accounting, financial                                     
 control and financial planning systems as required for management of the Company; |

| ● | the appointment and