Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 148

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 148
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 listed on certain non-Israeli stock exchanges (including the Nasdaq Capital
Market), which company does not have a controlling shareholder (as such term is defined in the Companies Law), may elect not to comply
with the requirements of the Companies Law relating to the election of external directors and to the composition of the audit committee
and compensation committee. Such an election may be made by the board of directors, and is contingent upon the company’s satisfaction,
in an ongoing manner, of the applicable foreign country stock exchange rules that apply to companies organized in that country relating
to the appointment of independent directors and the composition of the audit and compensation committees.

Because our company did not have, in May 2016, and still does not
have, a controlling shareholder, and as we comply with the Nasdaq Listing Rules applicable to domestic U. S. companies with respect to
a majority of our directors being independent and with respect to the composition of our audit committee and compensation committee, our
board of directors determined, in May 2016, to opt-out of the requirement to elect external directors. If in the future we were to have
a controlling shareholder, we would likely again be required to comply with the Companies Law requirements relating to external directors
and composition of the audit committee and compensation committee.

The term controlling shareholder, as used in the Companies Law
for purposes of all matters related to external directors and for certain other purposes, means a shareholder that has the ability to
direct the activities of the company, other than by virtue of being an office holder. For purposes of all matters related to external
directors, a shareholder is presumed to be a controlling shareholder if the shareholder holds 50% or more of the voting rights in the
company or has the right to appoint the majority of the directors of the company or its general manager (chief executive officer).

Directors’ Service Contracts

There are no arrangements or understandings between us, on the
one hand, and any of our directors, on the other hand, providing for benefits upon termination of their service as directors of our company.

Financial Statements Review and Audit Committee

Our financial statements review and audit committee, or audit committee,
consists of Mr. Dan Falk, Mr. Nir Nimrodi and Dr. Oded Shoseyov. Mr. Falk serves as the Chairperson of the audit committee.

Requirements as to Composition

Companies Law Requirements

Under the Companies Law, the board of directors of a public company
must appoint an audit committee. The audit committee must be