Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 263

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 263
---
 Rinaldi, Florence Allouche Aknin and Olivier Samuel, who meet the requirements for
financial literacy under Nasdaq rules. Mr. Rinaldi serves as chairperson of the audit committee and our board of directors has determined
that Mr. Rinaldi is an “audit committee financial expert” as defined by the SEC rules and has the requisite financial experience
as defined by the Nasdaq Listing Rules.

The
audit committee is governed by a charter that complies with Nasdaq rules. The audit committee has the responsibility to, among other
things:

  consider and make recommendations                                                                                                  

  oversee our independent                                                                     

  determine and pre-approve                                                   

  review and monitor, if                                                                                                              

  review and assess the independent                                                                                             

Compensation,
Nomination and Governance Committee

The
members of our compensation, nomination and governance committee are currently Ronald Hafner and Gian-Marco Rinaldi Diaz de la Cruz with
Ronald Hafner serving as chairperson. The compensation, nomination and governance committee assists our board of directors in overseeing
our cash compensation and equity award recommendations for our senior management along with the rationale for such recommendations, as
well as summary information regarding the aggregate compensation provided to our senior management. Swiss law requires that we adopt
a compensation committee, so in accordance with Nasdaq Listing Rule 5615(a)(3), we follow home country requirements with respect to the
compensation committee. In accordance with Swiss Law, the compensation of our board of directors and senior management must be presented
by the board of directors to our shareholders and our shareholders must vote on the proposed compensation. In addition, in accordance
with Nasdaq Listing Rule 5615(a)(3), we follow home country requirements with respect to the nomination and governance committee. With
respect to the nomination of persons to our board of directors, our home country rules do not require us to authorize a committee of
our independent directors or alternatively hold a vote consisting of solely our independent directors in order to determine which persons
shall be nominated for election by our shareholders.

As
a result, our practice varies from the requirements of Nasdaq Listing Rule 5605(d) and 5605(e) which set forth certain requirements as
to the responsibilities, composition and independence of compensation committees and the nomination of directors for election by shareholders,
respectively. See “ Differences between Swiss Laws and Nasdaq Requirements.”

The
members of the compensation, nomination and governance committee are elected annually by the shareholders’ meeting for a period