Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 443

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 443
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 is a permanent committee of the NLS Board. Its purpose is to oversee the integrity of NLS’s financial statements, the independent audits’ compliance with applicable legal and regulatory requirements, the accounting and financial reporting processes and the internal control, risk, and compliance management processes of the NLS. The Audit Committee consists of at least one member of the NLS Board, who must meet Nasdaq and applicable legal independence requirements, including Rule 10A -3under the Exchange Act. At least one member should be an “audit committee financial expert” (if required), in accordance with the rules promulgated by Nasdaq, the SEC, and other governing bodies. The NLS Board designates members annually (or to fill any vacancies) upon recommendation by the Compensation, Nomination and Governance Committee. The Audit Committee meets as often as necessary, but at least once per fiscal year. The chairperson schedules and presides over meetings, sets and distributes the agenda in advance, and prepares regular reports to the Board of Directors. A majority of the Audit Committee members present constitutes a quorum. Decisions require a majority vote of those present. Action without a meeting is permitted by unanimous written consent. Senior management, independent auditors, or others may attend the meetings upon invitation of the Audit Committee to provide relevant information. The Audit Committee has the following roles and responsibilities: With regard to financial Statements:(a) review and discuss with management and external auditors the financial statements/reports intended for publication, (b) recommend statutory financial statements to the NLS Board for approval, (c) review NLS’s use of accounting 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