Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 474

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 474
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. In November 2023, CGY Investment Limited and the Group reached a mutual agreement to terminate their contractual relationship. ACC Medical Limited provided certain consultancy, advisory, and management services to the Group on clinic operations and other related projects for clinics’ business development. ACC Medical Limited is initially entitled to receive HK $ 101,542(approximately $ 13,018) per calendar month plus reimbursement; such monthly service fee is adjusted to HK$ 143,200(approximately US$ 18,359per month) effective from March 1, 2022. During the year ended December 31, 2023 and 2022, ACC Medical Limited also received $ 28,615and $ 23,275one -offcompensation respectively. The agreement was terminated on June 30, 2023. Note d:On January 1, 2022, Aptus Management Limited (“AML”), a wholly owned subsidiary of the Company, entered into an administrative management services agreement with Libra Sciences Limited. According to the agreement, AML will provide documentation and administrative services, include but are not limited to human resources and payroll administration, general secretarial and administrative support, and accounting and financial reporting services. AML is entitled to receive a fixed amount of services fees of HKD 25,000(approximately $ 3,205) per calendar month with the original expiry date on December 31, 2023. AML and Libra Sciences Limited mutually agreed to terminate the administrative management service agreement effect as of March 31, 2023. F-25 APTORUM GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Stated in U.S. Dollars) 12. RELATED PARTY BALANCES AND TRANSACTIONS (cont.) Note e:In accordance with mutual agreements reached with the board of directors, Mr. Clark Cheng and Mr. Ian Huen agreed to forgo their monthly remuneration effective July 1, 2023 until further notice. Moreover, Mr. Darren Lui consented to suspend his monthly remuneration from August 1, 2023 until further notice. Additionally, all independent non -executivedirectors consented to suspend their monthly remuneration from September 1, 2023 until further notice. Before the suspension of remuneration, Mr. Ian Huen, Mr. Clark Cheng, and Mr. Darren Lui had a monthly remuneration of $ 27,333, $ 6