Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 197

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 197
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 (3) classes, such that only one (1) class is subject to re-election each year;
(iv) to increase the number of Class A Ordinary Shares authorized; (v) reducing the vote required for class consent from two-thirds (2/3)
to a simple majority; and (vi) to decrease the number of days for effective service by post to shareholders from 14 days to 3 days (collectively,
the “ Amendments of M& A”) and that the Third Amended and Restated Memorandum and Articles of Association be adopted as
the Memorandum and Articles of Association of the Company, to the exclusion of the existing M& A with effect from February 21, 2023,
which is the date of the registration of the Merger with the Registrar of Companies of the Cayman Islands.

C. Material Contracts

We have not entered into any
material contracts other than in the ordinary course of business and other than those described in “ Item 4. Information on the Company”
or elsewhere in this annual report.

D. Exchange Controls

There are no governmental
laws, decrees, regulations or other legislation in the Cayman Islands, the United Kingdom or Hong Kong that may affect the import or export
of capital, including the availability of cash and cash equivalents for use by us, or that may affect the remittance of dividends, interest,
or other payments by us to non-resident holders of our ordinary shares, other than withholding tax requirements. There is no limitation
imposed by Cayman Islands law, the United Kingdom law, Hong Kong law or our articles of association on the right of non-residents to hold
or vote shares.

E. Taxation

Cayman Islands Tax Considerations

The Cayman Islands currently
levies no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature
of inheritance tax or estate duty. There are no other taxes likely to be material to us levied by the government of the Cayman Islands
except for stamp duties which may be applicable on instruments executed in, or brought within, the jurisdiction of the Cayman Islands.
The Cayman Islands is not party to any double tax treaties which are applicable to any payments made by or to our Company. There are no
exchange control regulations or currency restrictions in the Cayman Islands.

Payments of dividends and
capital in respect of our Class A Ordinary Shares will not be subject to taxation in the Cayman Islands and no withholding will be required
on