First post. Please be gentle.
I'm replacing a Punto Vortice M90 extractor fan with another Punto Vortice M90 extractor fan. When I switched off the electrics and unscrewed the cover, I noticed the old fan has a board that the new one doesn't. I assume this is because the old one had a timer. We don't need a timer on the new one, and there's no board on it.
The wiring from the ceiling has a live and a neutral wire which were connected to the old unit via a connector strip, and a red wire, which isn't connected to anything. I assume this is the earth (it has no bare wire exposed). All the new unit has is two black wires, both of which are inserted into a connector strip. Does it matter which black wire connects with the live wire, and which the neutral, via the connector strip?
Photos of old and new fan:

