Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 174

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 174
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 distinction) in banking and finance law from the University of London (Queen Mary College) in 1996, and a PhD from the University
of London in 2005.

B. Compensation of Executive Directors and
Executive Officers

The following table sets forth
all cash compensation paid by us, as well as certain other compensation paid or accrued, in fiscal 2023 to each of the following named
executive officers. The total amount was $0.1 million in 2024. This amount does not include business travel, relocation, professional
and business association dues, and expenses reimbursed to such persons, and other benefits commonly reimbursed or paid by companies in
our industry. (See “ Item 6. Directors, Senior Management and Employees - E. Share Ownership”)

In accordance with mutual
agreements reached with the board of directors, Mr. Ian Huen has agreed to forgo their monthly remuneration effective July 1, 2023 until
further notice. Before the suspension of remuneration, Mr. Ian Huen had a monthly remuneration of $27,333.

In August 2024, Mr. Martin
Siu resigned from his position as Head of Finance of Aptorum Group due to personal reason. Mr. K. K. Wong (“ Mr. Wong”) has
replaced Mr. Siu as the Company’s Head of Finance since August 2024. As of this time, Mr. Wong does not receive any remuneration,
and it is subject to change based on subsequent discussions between the Company and Mr. Wong.

In October 2024, Dr. Mirko
Scherer and Mr. Charles Bathurst resigned from their position as directors of Aptorum Group Limited’s Board of Directors, due to
personal reasons. As a result of the resignations, Mr. Douglas Arner will assume Mr. Bathurst’s role as Chair of our Audit Committee.

The base salary of all directors
and senior officer remains unchanged in 2024.

  Name and Principal Position            
  Ian Huen (2)                     2024  
  K. K. Wong (3)                   2024  
  Martin Siu (4)                   2024  

  (1)      The Appointment Letters provide salaries in HKD; for purposes of this table, we used a conversion ratio of HKD7.80 to USD1.00 to determine the salary in USD.  

  (2)      Mr. Huen is the founder of