Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 116

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 116
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 Cayman Islands corporate governance practices in lieu of
the corporate governance requirements of the Nasdaq Capital Market in respect of the following. For instance, Cayman law does not require
that we obtain shareholder approval to issue 20% or more of our outstanding Ordinary Shares in a private offering nor we make our interim
results available to shareholders, although as a NASDAQ listed company we are required to publicly file interim results for the first
six months of our fiscal year. Therefore, our shareholders may be afforded less protection than they otherwise would have under corporate
governance listing standards applicable to U.S. domestic issuers.

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Our auditor has expressed substantial doubt about our ability to continue as a going concern. We may be unable to obtain additional capital on favorable terms.

As a result of recurring net losses and limited
cash reserves, our independent auditor has included a going concern paragraph to its report on our financial statements as of and for
the fiscal years ended December 31, 2024, due to the substantial doubt that exists in our ability to continue as a going concern. Our
ability to continue as a going concern is dependent upon our ability to raise additional capital and to achieve sustainable revenues and
profitable operations. Since inception, we have raised funds primarily through the sale of equity securities and the issuance of debt.
We will need and are currently seeking additional funds to operate our business and the recent volatility of global capital markets has
made the raising of capital by equity and debt financing more difficult. No assurance can be given that any future financing will be available
or, if available, that it will be on terms that are satisfactory to us. Even if we are able to obtain additional financing, it may contain
undue restrictions on our operations or cause substantial dilution for our stockholders. If we are unable to obtain additional funds,
our ability to carry out and implement our planned business objectives and strategies will be significantly delayed, limited, or may not
occur. We cannot guarantee that we will become profitable. Even if we achieve profitability, given the competitive and evolving nature
of the industry in which we operate, we may not be able to sustain or increase profitability and our failure to do so would adversely
affect our business, including our ability to raise additional funds.

We may not be able to maintain an active, liquid and orderly trading market for our Class A Ordinary Shares and our stock price may be volatile.

Active, liquid and orderly
trading markets usually result in less price volatility