Company: APM
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001213900-25-111548
Chunk: 176

Company: Aptorum Group Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 176
---
 (169,160 | ) |     |       |    (169,160 | ) |
| Total Shareholders’ Equity attributable to shareholders of Aptorum Group Limited                                                                           |     |        |  23,133,612 |   |     |       |  23,552,299 |   |
| Deficit attributable to non-controlling interest                                                                                                           |     |        |  (9,364,968 | ) |     |       |  (9,364,968 | ) |
| Total Shareholders’ Equity                                                                                                                                 |     |        |  13,655,638 |   |     |       |  14,187,331 |   |
| Total capitalization                                                                                                                                       |     | $      |  17,097,144 |   |     | $     |  17,515,831 |   |

Notes:

| (1) | Additional paid-in capital reflects the sale of Class A Ordinary Shares in this offering at a public offering price of $2.00 per share and the concurrent private placement warrants exercisable into Class A Ordinary Shares at the price of US$2.00 per Class A Ordinary Share, assuming no exercise of the warrants and after deducting the estimated offering expenses payable by us. |

98 APTORUM’S QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Foreign Exchange Risk Currency risk is the risk that the value of financial assets or liabilities will fluctuate due to changes in foreign exchange rates. Currency risk sensitivity analysis At December 31, 2024, 2023 and 2022, the Group has no significant foreign currency risk because most of the transactions are denominated in Hong Kong dollar or the United States dollar. Since the Hong Kong dollar is pegged to the United States dollar, the Group’s exposure to foreign currency risk in respect of the balances denominated in Hong Kong dollars is considered to be minimal. Credit Risk Financial assets which potentially subject the Group to concentrations of credit risk consist principally of bank deposits and balances. The Group takes on exposure to credit risk on cash and restricted cash balances majority held with HSBC for the purposes of payments of Group expenses. The risk of default is considered minimal as the Group considers HSBC is well established with high credit rating. Liquidity Risk Liquidity risk is the risk that the Group will encounter difficulty in raising funds to meet commitments associated with financial assets and liabilities. Liquidity risk may result from an inability to sell a financial asset quickly at an amount close to its