Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 74

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 74
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the shareholders, such as the right to vote; and (4) where the company has not complied with provisions requiring approval of a special
or extraordinary majority of shareholders, which are more limited than the rights afforded minority shareholders under the laws of many
states in the United States subject to limited exceptions, under Cayman Islands Law a minority shareholder may not bring a derivative
action against directors. Our Cayman Islands’ counsel has advised us that they are aware of one recent as yet unreported derivative
action having been brought in a Cayman Islands’ court. Class actions are not recognized in the Cayman Islands, but groups of shareholders
with identical interests may bring representative proceedings, which are similar.

As a result, you may be limited
in your ability to protect your interests if you are harmed in a manner that would otherwise enable you to sue in a United States federal
court. In addition, shareholders of Cayman Islands companies may not have standing to initiate a shareholder derivative action in U. S.
federal courts.

As a result of all of the
above, shareholders of our Company may have more difficulty in protecting their interests in the face of actions taken by management,
members of the board of directors or controlling shareholders than they would have as shareholders of a public U. S. company.

You may face difficulties in protecting
your interests, and your ability to protect your rights through the U. S. federal courts may be limited because we are incorporated under
Cayman Islands law, we currently conduct substantially all of our operations outside the United States and some of our directors and executive
officers reside outside the United States.

We are incorporated in the
Cayman Islands and currently conduct substantially all of our operations outside the United States through our subsidiaries. Some of our
directors and executive officers reside outside the United States and a substantial portion of their assets are located outside of the
United States. As a result, it may be difficult or impossible for you to bring an action against us or against these individuals in the
Cayman Islands, the United Kingdom or in Hong Kong, in the event that you believe that your rights have been infringed under the securities
laws of the United States or otherwise. Even if you are successful in bringing an action of this kind, the laws of the Cayman Islands,
the United Kingdom and Hong Kong may render you unable to enforce a judgment against our assets or the assets of our directors and officers.
There is no statutory recognition in the Cayman Islands of judgments obtained in the United States