Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 200

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 200
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adistributions of Class A Ordinary Shares, to the extent paid out of our current or accumulated earnings and profits (as
determined under U. S. federal income tax principles). Distributions in excess of our current and accumulated earnings and profits would
be treated as a non-taxable return of capital to the extent of the U. S. Holder’s adjusted tax basis in the Class A Ordinary Shares
and thereafter as a gain from the sale of the Class A Ordinary Shares. However, because we do not calculate our earnings and profits under
U. S. federal income tax principles, we expect that distributions generally will be reported to U. S. Holders as dividends.

In case of a U. S. Holder that
is a corporation, dividends paid on the Class A Ordinary Shares will be subject to regular corporate rates and will not be eligible for
the “dividends received” deduction generally allowed to corporate shareholders with respect to dividends received from U. S.
corporations.

Dividends received by an individual,
trust or estate will be subject to taxation at standard tax rates. A reduced income tax rate applies to dividends paid by a “qualified
foreign corporations” (if certain holding period requirements and other conditions are met). A non-U. S. corporation generally will
be considered to be a qualified foreign corporation (i) if it is eligible for the benefits of a comprehensive tax treaty with the United
States which includes an exchange of information program or (ii) with respect to any dividend it pays on stock which is readily tradable
on an established securities market in the United States. US. Treasury Department guidance indicates that our Class A Ordinary Shares,
which is listed on the NASDAQ Capital Market is readily tradable on an established securities market in the United States. There can be
no assurance, however, that our Class A Ordinary Shares will be considered readily tradable on an established securities market in later
years.

Non-corporate U. S. Holders
will not be eligible for reduced rates of taxation on any dividends received from us if we are a PFIC in the taxable year in which such
dividends are paid or in the preceding taxable year (See “ Item 10. Additional Information - E. Taxation - Material U. S.
Federal Income Tax Considerations for U. S. Holders - Passive Foreign Investment Company Rules” below).

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