Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 97

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 97
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 our current name, Aptorum Group Limited.

On March 23, 2018, Jurchen
transferred 44,615 Class A Ordinary Shares and 401,537 Class B Ordinary Shares to CGY Investments Limited, a company incorporated in Hong
Kong and which we deem Mr. Darren Lui jointly controls and/or of which he has substantial influence on the disposition rights and voting
rights of such shares. Following this transfer, Jurchen owns approximately 33% and 72% of our Class A Ordinary Shares and Class B
Ordinary Shares, respectively.

On December 17, 2018, the
Company consummated its IPO of 76,142 Class A Ordinary Shares. The Registration Statement was declared effective by the U. S. Securities
and Exchange Commission on December 3, 2018 (the “ Effective Date”). The shares were sold at a price of $158 per share, generating
gross proceeds to the Company of approximately $12,030,420.

On May 26, 2021, the Company
entered into a private placement shares purchase agreement with Jurchen, issuing 138,793 Class A Ordinary Shares, par value $10 per share,
at $28.82 per share, representing a 10% premium to the last closing price of the Company’s Class A Ordinary Shares on the NASDAQ
stock exchange on that date. The Company received aggregate gross proceeds of $4,000,000 from the purchase of these shares. Following
the purchase, Mr. Huen’s total shareholding represented 55.52% of the total issued share capital of the Company.

On January 23, 2023, the Company
effectuated a ten-for-one share consolidation of its authorized share capital, such that every 10 Class A Ordinary Shares, par value of
US$1.00 per share, in the authorized share capital of the Company (including issued and unissued share capital) were consolidated into
1 Class A Ordinary Share, par value of US$10.00 per share, and that every 10 Class B Ordinary Shares, par value of US$1.00 per share in
the authorized share capital of the Company (including issued and unissued share capital) were consolidated into 1 Class B Ordinary Share,
par value of US$10.00 per share (the “ Share Consolidation” or “ Reverse Split”).

On February 21, 2023, the
shareholders of the Company approved a merger of the