Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 208

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 208
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 to minimize the
liquidity risk. Investment of the Group’s assets in unquoted securities may restrict the ability of the Group to dispose of its
investment at a price and time it wishes to do so.

Interest Rate Risk

Interest rate risk arises
from the possibility that changes in interest rates will affect future cash flows or the fair values of financial instruments.

Interest rate risk sensitivity analysis

The Group’s cash and
time deposits held with banks are exposed to interest rate risk. However, Management considers the risk on cash and time deposits to be
minimal as they are short-term with terms less than three months.

Inflation Risk

In recent years, inflation
has not had a material impact on our results of operations.

Item 12. DESCRIPTION OF SECURITIES OTHER THAN
EQUITY SECURITIES

Items 12. D.3 and 12. D.4 of
this Item 12 is not applicable, as the Company does not have any American Depositary Shares; all other applicable information required
by this Item 12 is included in Exhibit 2.3.

Part II