Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 0

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 0
---
Item 3. KEY INFORMATION

A. [Reserved]

B. Capitalization and Indebtedness

Not applicable.

C. Reasons for the Offer and Use of Proceeds

Not applicable.

D. Risk Factors

Our business faces significant
risks. You should carefully consider all of the information set forth in this annual report on Form 20-F and in our other filings with
the United States Securities and Exchange Commission, or the SEC, including the following risk factors which we face and which are faced
by our industry. Our business, financial condition, results of operations and growth prospects could be materially adversely affected
by any of these risks. This report also contains forward-looking statements that involve risks and uncertainties. Our results could materially
differ from those anticipated in these forward-looking statements, as a result of certain factors including the risks described below
and elsewhere in this annual report and our other SEC filings. See “ Special Note Regarding Forward-Looking Statements” below.

Summary Risk Factors

The following summarizes some,
but not all, of the risks provided below. Please carefully consider all of the information discussed in this Item 3. D. “ Risk Factors”
in this annual report for a more thorough description of these and other risks.

Risks Related to Doing Business in Hong Kong

  Risks relating to legal and regulatory risks associated with our operations in Hong Kong.                                                                                                             
  If we become directly subject to the recent scrutiny, criticism and negative publicity involving U. S.-listed Chinese companies, we may have to expend significant resources to investigate and r...  
  The recent joint statement by the SEC, proposed rule changes submitted by Nasdaq, and an act passed by the U. S. Senate and the U. S. House of Representatives, all call for additional and more ...  
  Our business, financial condition and results of operations, and/or the value of our Class A Ordinary Shares or our ability to offer or continue to offer securities to investors may be material...  

  Our Class A Ordinary Shares may be delisted under the HFCA Act if the PCAOB is unable to inspect our auditors. The delisting of our Class A Ordinary Shares, or the threat of their being deliste...  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Even though our auditor is based in New York, New York and under full inspection by the PCAOB and that it is not currently subject to the determinations