Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 180

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 180
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 Consumer Protection Act, the NASDAQ Capital Market
and SEC rules and regulations. Our Board of Directors may establish other committees from time to time.

Audit Committee

Douglas Arner and Justin Wu
currently serve on the audit committee, which is chaired by Douglas Arner. Our Board of Directors has determined that each member of the
audit committee is “independent” for audit committee purposes as that term is defined in the rules of the SEC and the applicable
rules of the NASDAQ Capital Market. The audit committee’s responsibilities include:

  selecting and appointing our independent registered public accounting firm, and approving the audit and permitted non-audit services to be provided by our independent registered public accounti...  

  evaluating the performance and independence of our independent registered public accounting firm;  

  monitoring the integrity of our financial statements and our compliance with legal and regulatory requirements as they relate to our financial statements or accounting matters;  

  reviewing the adequacy and effectiveness of our accounting and internal control policies and procedures;  

  establishing procedures for the receipt, retention and treatment of accounting-related complaints and concerns;  

  reviewing and discussing with the independent registered public accounting firm the results of our year-end audit, and recommending to our Board of Directors, based upon such review and discuss...  

  reviewing all related party transactions for potential conflict of interest situations and approving all such transactions; and  

  reviewing the type and presentation of information to be included in our earnings press releases, as well as financial information and earnings guidance provided by us to analysts and rating ag...  

Audit Committee Financial Expert

We have one financial expert
as of the date of this report. Our Board of Directors has determined that Douglas Arner, Chair of our audit committee, qualifies as an
“audit committee financial expert” as defined in the SEC rules and satisfies the financial sophistication requirements of
The NASDAQ Capital Market.

Compensation Committee

Douglas Arner and Justin Wu
currently serve on the compensation committee, which is chaired by Justin Wu. Our Board of Directors has determined that each member of
the compensation committee is “independent” as that term is defined in the applicable rules of the NASDAQ Capital Market.
The compensation committee’s responsibilities include:

  reviewing the goals and objectives of our executive compensation plans, as well as our executive compensation plans in light of such goals and objectives;  

  evaluating the performance of our executive officers in light of the goals and objectives of our executive compensation plans and recommending to our Board of Directors with respect to the comp...  

  reviewing the goals and