Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 254

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 254
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 under the Group and it became a subsidiary under the Group.

In October 2024, Mios was dissolved and ceased operation and it was
deemed disposed by the Group.

The following tables summarize the aggregate carrying
value of VIEs’ assets and liabilities in the consolidated balance sheets that are consolidated:

                         Assets                  Liabilities                 Net Assets              
  December 31, 2024                                                                                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
  Total                  $           -           $                -          $               -       
  December 31, 2023                                                                                  
  Total                  $           24,352      $                3,558      $               20,794  

As of December 31, 2024 and 2023, the aggregate
carrying value of assets and liabilities in the Group’s consolidated balance sheets that relate to the VIE in which the Group holds
a variable interest but is not the primary beneficiary were $ niland $ nilrespectively.

The Group’s maximum exposure to loss from
its involvement with unconsolidated VIE represents the estimated loss that would be incurred if the VIE is liquidated, so that the fair
value of the equity investment in VIE is zero and the amounts due from the VIE have to be fully impaired.

F-26

APTORUM GROUP LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Stated in U. S. Dollars)

14. LEASE

As of December 31, 2024, the Group has a long-term
operating lease for laboratories with remaining term expiring in 2026 and a remaining lease term of1.2years. Weighted average discount
rates used in the calculation of the operating lease liability is8%. The discount rates reflect the estimated incremental borrowing rate,
which includes an assessment of the credit rating to determine the rate that the Group would have to pay to borrow, on a collateralized
basis for a similar term, an amount equal to the lease payments in a similar economic environment.

                                                                                    For the year                     For the year                 
  Lease cost                                                                                                                                      
  Finance lease cost:                                                                                                                             
  Depreciation                                                                      $                 -              $                 -          
  Interest on lease liabilities                                                                       -                                -          
  Operating lease cost                                                                                50,520                           252,345    
  Short-term lease cost                                                                               3,374                            65,221     
  Variable lease cost                                                                                 -                                -          
  Sublease income