Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 182

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 182
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 a duty
to exercise the care, diligence and skills that a reasonably diligent person would exercise in comparable circumstances. In fulfilling
their duty of care to us, our directors must ensure compliance with our Memorandum and Articles. We have the right to seek damages if
a duty owed by our directors is breached.

The functions and powers of
our Board of Directors include, among others:

  appointing officers and determining the term of office of the officers;  

  authorizing the payment of donations to religious, charitable, public or other bodies, clubs, funds or associations as deemed advisable;  

  exercising the borrowing powers of the company and mortgaging the property of the company;  

  executing checks, promissory notes and other negotiable instruments on behalf of the company; and  

  maintaining or registering a register of mortgages, charges or other encumbrances of the company.  

Terms of Directors and Officers

There is no Cayman Islands
law requirement that a director must hold office for a certain term and stand for re-election unless the resolutions appointing the director
impose a term on the appointment. The Memorandum and Articles provide that we have a staggered board of directors consisting of three
classes of directors, with directors serving staggered three-year terms. Our Board of Directors is divided into three classes of directors.
At each annual general meeting of shareholders, one class of directors will be elected for a three-year term to succeed the class whose
terms are then expiring, to serve from the time of election and qualification until the third annual meeting following their election
or until their earlier death, resignation or removal, starting with the Annual General Meeting of Shareholders held in December 2023.
The Company’s Board has initially designated the three classes to contain the directors set forth below. Shareholders will only
elect the Class II directors at the Company’s next Annual General Meeting; the Class III and I directors shall not be required to
stand for re-election until the years specified below.

  Name & Class        Positions                                         Expiration of Director Term/Re-Election Year  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Class III                                                                                                           
  Ian Huen            Chief Executive Officer & Executive Director                                              2027  
  Class II                                                                                                            
  Not applicable                                                                                                      
  Class I                                                                                                             
  Justin Wu           Independent Non-Executive Director                                                        2026  
  Douglas Arner       Independent Non-Executive Director                                                        2026  

We do