Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 198

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 198
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 the payment of a dividend or capital to any holder of our Class A Ordinary Shares, nor will gains derived from the disposal of our
Class A Ordinary Shares be subject to Cayman Islands income or corporation tax.

No stamp duty is payable in
respect of the issue of our Class A Ordinary Shares or on an instrument of transfer in respect of our Class A Ordinary Shares except on
instruments executed in, or brought within, the jurisdiction of the Cayman Islands.

Material U. S. Federal Income Tax Considerations
for U. S. Holders

The following is a description
of the material U. S. federal income tax consequences to U. S. Holders (as defined below) of purchasing, owning and disposing of Class A
Ordinary Shares. It is not a comprehensive description of all U. S. federal income tax considerations that may be relevant to a particular
person’s decision to acquire Class A Ordinary Shares. This discussion applies only to a U. S. Holder that holds a Class A Ordinary
Share as a capital asset for U. S. federal income tax purposes (generally, property held for investment). In addition, it does not describe
all of the tax consequences that may be relevant in light of a U. S. Holder’s particular circumstances, including state and local
tax consequences, non-U. S. tax consequences, federal estate or gift tax consequences, alternative minimum tax consequences, the potential
application of the provisions of the Code known as the Medicare Contribution Tax, and tax consequences applicable to U. S. Holders subject
to special rules, such as:

  banks and other financial institutions;  

  insurance companies;  

  dealers or traders in securities who use a mark-to-market method of tax accounting;  

  persons holding Class A Ordinary Shares as part of a hedging transaction, “straddle,” wash sale, conversion transaction or integrated transaction or persons entering into a constructive sale wi...  

  persons whose “functional currency” for U. S. federal income tax purposes is not the U. S. dollar;  

  tax exempt entities, including “individual retirement accounts” and “ Roth IRAs”;  

  former citizens or long-term residents of the United States;  

  entities or arrangements classified as partnerships for U. S. federal income tax purposes;  

  regulated investment companies or real estate investment trusts;  

  persons who acquired our Class A Ordinary Shares pursuant to the exercise of an employee share option or otherwise as compensation;  

  persons that own or are deemed to own