Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 183

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 183
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 |     |       | (73,073,736 | ) |
| Accumulated other comprehensive loss                                                                                                                       |     |        |    (169,160 | ) |     |       |    (169,160 | ) |
| Total Shareholders’ Equity attributable to shareholders of Aptorum Group Limited                                                                           |     |        |  23,133,612 |   |     |       |  23,552,299 |   |
| Deficit attributable to non-controlling interest                                                                                                           |     |        |  (9,364,968 | ) |     |       |  (9,364,968 | ) |
| Total Shareholders’ Equity                                                                                                                                 |     |        |  13,655,638 |   |     |       |  14,187,331 |   |
| Total capitalization                                                                                                                                       |     | $      |  17,097,144 |   |     | $     |  17,515,831 |   |

Notes:

| (1) | Additional paid-in capital reflects the sale of Class A Ordinary Shares in this offering at a public offering price of $2.00 per share and the concurrent private placement warrants exercisable into Class A Ordinary Shares at the price of US$2.00 per Class A Ordinary Share, assuming no exercise of the warrants and after deducting the estimated offering expenses payable by us. |

<div align='center'>98

APTORUM’S QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</div>

Foreign Exchange Risk

Currency risk is the risk that the value of financial assets or liabilities
will fluctuate due to changes in foreign exchange rates.

Currency risk sensitivity analysis

At December 31, 2024, 2023 and 2022, the Group has no significant foreign
currency risk because most of the transactions are denominated in Hong Kong dollar or the United States dollar. Since the Hong Kong dollar
is pegged to the United States dollar, the Group’s exposure to foreign currency risk in respect of the balances denominated in Hong
Kong dollars is considered to be minimal.

Credit Risk

Financial assets which potentially subject the Group to concentrations
of credit risk consist principally of bank deposits and balances.

The Group takes on exposure to credit risk on cash and restricted cash
balances majority held with HSBC for the purposes of payments of Group expenses.

The risk of default is considered minimal as the Group considers HSBC
is well established with high credit rating.

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