Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 480

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 480
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 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 financial statements or create material contingent liabilities. With regard to the Audit Committee Charter:review the charter annually and recommend any changes to the NLS Board. The charter is subject to review and modification from time to time by the NLS Board as it may deem appropriate and in the best interests of the Company and its shareholders. After each meeting, the Audit Committee chairperson reports to the chairperson of the NLS Board and updates the NLS Board at its next meeting regarding the Audit Committee’s activities, decisions, and discussions. Urgent matters are communicated promptly to the chairperson of the NLS Board. 257 Compensation, Nomination and Governance Committee The compensation, nomination and governance committee of NLS, or Compensation Committee, combines compensation responsibilities (developing guidelines, setting NLS Board and executive pay, overseeing incentive structures) with the NLS Board and committee nomination duties (identifying candidates, ensuring independence), and corporate governance oversight (recommending policies, conducting self -evaluations). The Compensation Committee is a permanent committee of the NLS Board, elected annually by shareholders from among the NLS Board members. The purpose of the Compensation Committee is to assist the NLS Board with responsibilities relating to compensation of the