Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 264

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 264
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until the completion of the next annual shareholders’ meeting and are eligible for re-election. Each member of the compensation,
nomination and governance committee is elected individually. If there are vacancies on the compensation, nomination and governance committee
and the number of members falls below the minimum of two, the board of directors shall appoint the missing member from among its members
for the remaining term of office.

D. Employees.

As
of May 15, 2025, we have three senior management members, of which our Chief Executive Officer is a full-time employee, while the other
members of the senior management team are part-time consultants. None of our employees is represented by labor unions or covered by collective
bargaining agreements. We believe that we maintain good relations with our employees.

All
of our employment and consulting agreements will include employees’ and consultants’ undertakings with respect to non-competition
and assignment to us of intellectual property rights developed in the course of employment and confidentiality.

E. Share Ownership.

Option Plan

On
December 14, 2021, the board of directors, adopted the Share Option Plan Regulation 2021. The purpose of the Option Plan is to retain,
attract and motivate management, employees, directors and consultants by providing them with options to purchase our common shares. The
board of directors allocated fifteen percent (15%) of our fully diluted shares to awards that may be made pursuant to the Option Plan.
For more information, see “ Item 7. A. Major Shareholders” below.

F. Action to
Recover Erroneously Awarded Compensation.

Not
applicable.

ITEM 7. MAJOR
SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A. Major Shareholders

The
following table sets forth information regarding beneficial ownership of our common shares as of May 15, 2025 by:

  each person, or group of                                                                              

  each of our directors and  

  all of our directors and       

Except
as indicated in footnotes to this table, we believe that the shareholder named in this table has sole voting and investment power with
respect to all shares shown to be beneficially owned by it, based on information provided to us by such shareholder. The shareholder
listed below does not have any different voting rights from any of our other shareholders.

  Executive Officers and Directors                              
  Ronald Hafner (2)                          556,932      15.0  
  Alexander C. Zwyer (3)                       1,614