Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 312

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 312
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. In
making such independence determination, our Board of Directors considered the relationships that each such non-employee director has with
us and all other facts and circumstances that the board of directors deemed relevant in determining their independence, including the
beneficial ownership of our share capital by each non-employee director and the transactions involving them described in the section titled
“Transactions with Related Persons.” We believe that the composition and functioning of our Board of Directors and each of
our committees comply with all applicable requirements of the Nasdaq Capital Market and the rules and regulations of the SEC. There are
no family relationships among any of our directors or executive officers.

Board’s Role in Risk Oversight

Our Board of Directors oversees
the management of risks inherent in the operation of our business and the implementation of our business strategies. Our Board of Directors
performs this oversight role by using several different levels of review. In connection with its reviews of our operations and corporate
functions, our Board of Directors addresses the primary risks associated with those operations and corporate functions. In addition, our
Board of Directors reviews the risks associated with our business strategies periodically throughout the year as part of its consideration
of undertaking any such business strategies.

Each of our board committees
also oversees the management of our risk that falls within the committee’s areas of responsibility. In performing this function,
each committee has full access to management, as well as the ability to engage advisors. Our Chief Accounting Officer reports to the audit
committee and is responsible for identifying, evaluating and implementing risk management controls and methodologies to address any identified
risks. In connection with its risk management role, our audit committee meets privately with representatives from our independent registered
public accounting firm and our Chief Accounting Officer. The audit committee oversees the operation of our risk management program, including
the identification of the primary risks associated with our business and periodic updates to such risks, and reports to our Board of Directors
regarding these activities.

Board Committees

Our Board of Directors has
established an audit committee, a compensation committee and a nominating and corporate governance committee, each of which operates pursuant
to a separate charter adopted by our Board of Directors. The composition and functioning of all of our committees will comply with all
applicable requirements of the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Nasdaq Capital Market
and SEC rules and regulations. Our Board of Directors may establish other committees from time to time.

Audit Committee

Douglas Arner (chair) and Justin