Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 91

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 91
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 how well conceived and operated, can provide only reasonable,
not absolute, assurance that the objectives of the control system are met.

These inherent limitations
include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people or by an unauthorized
override of the controls. Accordingly, because of the inherent limitations in our control system, misstatements due to error or fraud
may occur and not be detected, which would likely cause investors to lose confidence in our reported financial information. This
could in turn limit our access to capital markets, harm our results of operations, and lead to a decline in the trading price of our Class
A Ordinary Shares. Additionally, ineffective internal control over financial reporting could expose us to increased risk of fraud or misuse
of corporate assets and subject us to potential delisting from the stock exchange on which we list, regulatory investigations and civil
or criminal sanctions. We may also be required to restate our financial statements from prior periods.

If we fail to establish and maintain proper internal financial reporting controls, our ability to produce accurate financial statements or comply with applicable regulations could be impaired.

Pursuant to Section 404 of
the Sarbanes-Oxley Act, we are required to file a report by our management on our internal control over financial reporting, including
an attestation report on internal control over financial reporting issued by our independent registered public accounting firm. However,
while we remain a non-accelerated filer, we will not be required to include an attestation report on internal control over financial reporting
issued by our independent registered public accounting firm. The presence of material weaknesses in internal control over financial reporting
could result in financial statement errors which, in turn, could lead to errors in our financial reports and/or delays in our financial
reporting, which could require us to restate our operating results. In connection with the audit of our financial statements for the year
ended December 31, 2024, we and our independent registered public accounting firm identified one material weakness in our internal control
over financial reporting, as defined in the standards established by the Public Company Accounting Oversight Board of the United States.
The material weakness identified was the lack of dedicated resources to take responsibility for the finance and accounting functions and
the preparation of financial statements in compliance with generally accepted accounting principles in the United States, or U.S. GAAP.

We have taken