Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 472

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 472
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F-23

APTORUM GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Stated in U.S. Dollars) 12. RELATED PARTY BALANCES AND TRANSACTIONS (cont.)

|                                                    |     | December 31, 
 2024         |           |     | December 31, 
 2023         |           |
|:---------------------------------------------------|:----|:-------------|----------:|:----|:-------------|----------:|
| Convertible notes to a related party – Current     |     |              |           |     |              |           |
| Jurchen Investment Corporation (Note 15)           |     | $            | 3,238,500 |     | $            |         — |
| Convertible notes to a related party – Non-current |     |              |           |     |              |           |
| Jurchen Investment Corporation (Note 15)           |     | $            |         — |     | $            | 3,058,500 |

Related party transactions

Related party transactions consisted of the following for the years ended December 31, 2024, 2023 and 2022:

|                                                                                        |     | Year ended   
 December 31, 
 2024         |         |     | Year ended   
 December 31, 
 2023         |           |   |     | Year ended   
 December 31, 
 2022         |           |
|:---------------------------------------------------------------------------------------|:----|:-------------|--------:|:----|:-------------|----------:|:--|:----|:-------------|----------:|
| Loan from related parties (Note a)                                                     |     |              |         |     |              |           |   |     |              |           |
| – Aeneas Group Limited                                                                 |     | $            |       — |     | $            | 2,500,000 |   |     | $            |   500,000 |
| Issuance of Convertible Note to related parties (Note 15)                              |     |              |         |     |              |           |   |     |              |           |
| – Jurchen Investment Corporation                                                       |     | $            |       — |     | $            | 3,000,000 |   |     | $            |         — |
| – Aenco Technologies Ltd                                                               |     | $            |       — |     | $            |         — |   |