Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 351

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 351
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 property and
liabilities of such companies to the consolidated company.

In order to effect a merger
or consolidation, the directors of each constituent company must approve a written plan of merger or consolidation, which must then be
authorized by a special resolution of the shareholders of each constituent company, and such other authorization, if any, as may be specified
in such constituent company’s articles of association.

<div align='center'>190</div>

The plan of merger or consolidation
must be filed with the Registrar of Companies of the Cayman Islands together with a declaration as to: the solvency of the consolidated
or surviving company, the merger or consolidation being bona fide and not intended to defraud creditors, no petition or other proceeding,
order or resolution to wind up the Company, no receiver, administrator or similar having been appointed over assets or property and no
scheme or other arrangement having been entered into with creditors; a list of the assets and liabilities of each constituent company
and an undertaking that a copy of the certificate of merger or consolidation will be given to the members and creditors of each constituent
company; and that notification of the merger and consolidation will be published in the Cayman Islands Gazette. The non-surviving constituent
company must have resigned from any fiduciary office held or will do so and each constituent company having complied with any applicable
regulatory laws. Dissenting shareholders have the right to be paid the fair value of their shares if they follow the required procedures
under the Companies Law subject to certain exceptions. The fair value of the shares will be determined by the Cayman Islands court if
it cannot be agreed among the parties. Court approval is not required for a merger or consolidation effected in compliance with these
statutory procedures.

In addition, there are statutory
provisions that facilitate the reconstruction and amalgamation of companies, provided that the arrangement is approved by a majority in
number of each class of shareholders and creditors with whom the arrangement is to be made, and who must in addition represent three-fourths
in value of each such class of shareholders or creditors, as the case may be, that are present and voting either in person or by proxy
at a meeting, or meetings, convened for that purpose. The convening of the meetings and subsequently the arrangement must be sanctioned
by the Grand Court of the Cayman Islands.

While a dissenting shareholder
has the right to express to the court the view that the transaction ought not to be approved, the court can be expected to approve the
arrangement