Company: APM
Filing Date: 2025-10-14
Form Type: 424B5
Source: 0001213900-25-098635
Chunk: 89

Company: Aptorum Group Ltd
Filing Date: 2025-10-14
Form: 424B5
Chunk 89
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 (a) the instrument of transfer is not accompanied by the certificate covering the shares
to which it relates or any other evidence as our Board of Directors may reasonably require to prove the title of the transferor to, or
his/her right to transfer the shares; or (b) the instrument of transfer is in respect of more than one class of shares.

If our directors refuse to
register a transfer, they shall, within two months after the date on which the instrument of transfer was lodged, send to the transferee
notice of such refusal.

The registration of transfers
may be suspended and the register closed at such times and for such periods as our Board of Directors may from time to time determine,
provided, however, that the registration of transfers shall not be suspended nor the register closed for more than 30 days in any year.

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Winding-Up/Liquidation

On a return of capital on
winding up or otherwise (other than on conversion, redemption or purchase of shares), a liquidator may be appointed to determine how to
distribute the assets among the holders of the Class A Ordinary Shares and Class B Ordinary Shares. If our assets available for distribution
are insufficient to repay all of the paid-up capital, the assets will be distributed so that the losses are borne by our shareholders
proportionately; a similar basis will be employed if the assets are more than sufficient to repay the whole of the capital at the commencement
of the winding up.

Calls on Ordinary Shares and Forfeiture of Ordinary Shares

Our Board of Directors may
from time to time make calls upon shareholders for any amounts unpaid on their Class A Ordinary Shares or Class B Ordinary Shares in a
notice served to such shareholders at least 14 days prior to the specified time and place of payment. The shares that have been called
upon and remain unpaid on the specified time are subject to forfeiture.

Redemption of Shares

We may issue shares on terms
that are subject to redemption, at our option or at the option of the holders, on such terms and in such manner as may be determined by
our Board of Directors.

Variations of Rights of Shares

All or any of the special
rights attached to any class of shares may, be varied with the resolution of at least two thirds of the issued shares of that class or
a resolution passed at a general meeting of the holders of the shares of that class present in person or by proxy or with the consent
in writing of the holders of at