Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 365

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 365
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 qualifying income tax treaty with the United States that includes an exchange of information
program, (2) we are not a PFIC for either our taxable year in which the dividend is paid or the preceding taxable year, and (3) certain
holding period requirements are met. Because there is not an income tax treaty between the United States and the Cayman Island, clause
(1) above can be satisfied only if the Class A Ordinary Shares are readily tradable on an established securities market in the United
States. Under U.S. Internal Revenue Service authority, Class A Ordinary Shares are considered for purpose of clause (1) above to be readily
tradable on an established securities market in the United States if they are listed on certain exchanges, which presently include the
NYSE and the NASDAQ Capital Market. You are urged to consult your tax advisors regarding the availability of the lower rate for dividends
paid with respect to our Class A Ordinary Shares, including the effects of any change in law after the date of this prospectus.

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A U.S. Holder may be eligible,
subject to a number of complex limitations, to claim a foreign tax credit in respect of any foreign withholding taxes imposed on dividends
received on the Class A Ordinary Shares. A U.S. Holder who does not elect to claim a foreign tax credit for foreign income tax withheld
may instead claim a deduction for U.S. federal income tax purposes in respect of such withholding, but only for a year in which such investor
elects to do so for all creditable foreign income taxes. For purposes of calculating the foreign tax credit limitation, dividends paid
by us will, depending on the circumstances of the U.S. Holder, be either general or passive income.

While we do not expect to
pay dividends in the near future, in the event any dividends are paid and if a dividend is paid in non-U.S. currency, it must be included
in a U.S. Holder’s income as a U.S. dollar amount based on the exchange rate in effect on the date such dividend is actually or
constructively received, regardless of whether the dividend is in fact converted into U.S. dollars. If the dividend is converted to U.S.
dollars on the date of receipt, a U.S. Holder generally will not recognize a foreign currency gain or loss. If the non-U.S. currency is
converted into U.S. dollars on a later date, however, the U.S. Holder must include in income any gain or