Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 183

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 183
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 December 31, 2023, and 2022. The decrease in general and administrative
fees was primary due to the reversal of deferred cash bonus payables to employees and reduction of employees during current period. The
reversal was due to the Group’s agreements with employees to discharge the Group’s obligation to settle their outstanding
deferred cash bonus payables from previous years in exchange of fully vested ordinary shares.

|                                       |     |   |   Year Ended 
 December 31, 
         2023 |     |   |   Year Ended 
 December 31, 
         2022 |
|:--------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| General and Administrative Fees:      |     |   |              |     |   |              |
| Payroll expenses                      |     | $ |      893,437 |     | $ |    3,793,367 |
| Rent and rates                        |     |   |      213,701 |     |   |      265,558 |
| Travelling expenses                   |     |   |       59,874 |     |   |      158,357 |
| Amortization and depreciation         |     |   |       53,799 |     |   |      143,498 |
| Insurance                             |     |   |      474,746 |     |   |      546,675 |
| Advertising and marketing expenses    |     |   |       48,982 |     |   |       98,082 |
| Other expenses                        |     |   |      186,098 |     |   |      214,868 |
| Total General and Administrative Fees |     | $ |    1,930,637 |     | $ |    5,220,405 |

Legal and professional fees

For the years ended December
31, 2023, and 2022, the legal and professional fees were $2,538,161 and $2,888,140, respectively. The decrease in legal and professional
fees was mainly due to less consulting services engaged during 2023 as a consequence of exclusive emphasis on its lead projects and suspension
of non-lead projects.

Other operating expenses

For the years ended December
31, 2023, and 2022, the other operating expenses was $1,067,690 and $261,038, respectively. The increase in other operating