Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 433

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 433
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, achieving control over the entity. As a result of this acquisition, Scipio is no longer classified as a VIE 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:

| December 31, 2024 |     | Assets |        |     | Liabilities |       |     | Net Assets |        |
|:------------------|:----|:-------|-------:|:----|:------------|------:|:----|:-----------|-------:|
| 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 $nil and $nil respectively. 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 -termoperating lease for laboratories with remaining term expiring in 2026 and a remaining lease term of 1.2 years. Weighted average discount rates used in the calculation of the operating lease liability is 8%. 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