Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 190

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 190
---
 relationship.

CGY is 50% held by Seng Fun
Yee, 25% held by Mandy Lui and 25% held by Adrian Lui (all of who are related to Mr. Lui). Mr. Lui, the former Chief Executive Officer
and Executive Director of the Group, controls and/or has substantial influence on the disposition and voting rights of the shares held
by his spouse, but no such control over the shares held by his sister or brother. Hence, 50% of the consulting service fee will be deemed
as Mr. Lui’s compensation.

ACC Medical Limited

We entered into a consulting agreement with ACC Medical Limited (“ ACC”)
effective on December 1, 2020. Pursuant to this agreement, ACC shall provide certain consultancy, advisory, and management services to
the Group on clinic operations and other related projects for clinics’ business development; ACC Medical Limited is initially entitled
to receive HK $101,542 (approximately $13,018) per calendar month plus reimbursement; such monthly service fee is adjusted to HK$143,200
(approximately US$18,359 per month) effective from March 1, 2022. During the year ended December 31, 2023, and 2022, ACC Medical Limited
also received $28,615 and $23,275 one-off compensation respectively. The agreement was terminated on June 30, 2023. ACC is wholly owned
by Dr. Clark Cheng, who is also the sole director of ACC, the Group’s former Chief Medical Officer and Executive Directors.

Administrative Management Services

Libra Sciences Limited

On January 1, 2022, the Group
entered into an administrative management services agreement with Libra Sciences Limited. According to the agreement, the Group will provide
documentation and administrative services, include but are not limited to human resources and payroll administration, general secretarial
and administrative support, and accounting and financial reporting services. The Group is entitled to receive a fixed amount of services
fees of HKD 25,000 (approximately $3,205) per calendar month with the expiry date on December 31, 2023. The Group and Libra Sciences Limited
mutually agreed to terminate the administrative management service agreement effective as of March 31, 2023.

Employment Agreements

We entered into Appointment
Letters with each of our executive officers. The terms of the Appointment Letters for each of our executive officers are consistent with
each other