Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 251

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 251
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facility with Libra Sciences Limited to provide up to a total $1million line of credit for its daily operation. The line of credit is
originally matured onJanuary 12, 2023, and is extended for additional3years. The interest on the outstanding principal indebtedness
is at the rate of10% per annum. ATL and Libra Science Limited mutually agreed to terminate the line of credit agreement effect as of
March 31, 2023. All existing liabilities arising from the line of credit agreement shall remain enforceable and repayable on demand by
ATL. As of the issuance date of this consolidated financial statements, $0.5million is outstanding from Libra Sciences Limited. For the
year ended December 31, 2024 and 2023, the Group has assessed that the amounts due from Libra Science Limited and its subsidiary are potentially
unrecoverable, and an allowance for credit loss amounting to $1,184and $521,007has been recognized, respectively.

Note c: CGY Investment Limited provided certain
consultancy, advisory and management services to the Group on potential investment projects related to healthcare or R& D platforms.
CGY Investment Limited is initially entitled to receive HK $104,000(approximately $13,333) per calendar month plus reimbursement; such
monthly service fee is adjusted to HK$171,200(approximately US$21,949) with effect from March 1, 2022. In August 2023, CGY Investment
Limited has agreed to suspended its monthly services fee from August 1, 2023. 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-off compensation respectively. The agreement was terminated
on June 30, 2023.

Note d: On January 1, 2022, Aptus Management
Limited (“