Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 96

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 96
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 as
223,076 Class A Ordinary Shares and 2,007,684 Class B Ordinary Shares.

On February 21 and March 1,
2017, the Company’s board of directors and shareholders resolved to restructure the Company from an investment fund with management
shares and non-voting participating redeemable preference shares to a holding company with operating subsidiaries, respectively (the “ Restructuring
Plan”).

According to the Restructuring
Plan, the 256,571.12 then issued participating shares with par value of $0.01 (“ Participating Shares”) were redeemed and 4,743,418.88
unissued Participating Shares were cancelled; following such redemption and cancellation, we no longer have any Participating Shares authorized
or issued. Additionally, the Company authorized a class of securities consisting of 10,000,000 ordinary shares, par value $10.00 per share
and issued 2,565,711 ordinary shares to our original investors.

During the period March 1,
2017, through October 13, 2017, an aggregate of 220,703 ordinary shares were issued at a price of approximately $39 per share in a private
placement we described as a “ Series A” offering. Each investor of the Series A offering, in addition to a subscription agreement,
signed a shareholder agreement, which set forth the basic governance terms of the Company, as well as our capital structure. The shareholders
agreement was terminated in October 2017.

On October 13, 2017, ordinary
resolutions were passed at an extraordinary general meeting of the Company approving (the “ Conversions”): (i) converting 7,213,587
of authorized but unissued ordinary shares into 5,457,362 authorized but unissued Class A Ordinary Shares, par value of $10.00 per share
and 1,756,225 authorized but unissued Class B Ordinary Shares, par value of $10.00 per share, respectively; (ii) converting 2,493,085
ordinary shares held by three shareholders into an aggregate of 249,309 Class A Ordinary Shares and 2,243,776 Class B Ordinary Shares;
and (iii) converting 293,330 ordinary shares held by 24 shareholders into an aggregate 293,330 Class A Ordinary Shares. Following these
issuances, we had 27 shareholders of record.

On October 19, 2017, we changed
our name from APTUS Holdings Limited to