Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 366

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 366
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 loss resulting from any exchange
rate fluctuations. Such gain or loss will generally be ordinary income or loss and will be from sources within the United States for foreign
tax credit limitation purposes. U.S. Holders should consult their own tax advisors regarding the tax consequences to them if we pay dividends
in non-U.S. currency.

Sale or Other Taxable Disposition of Shares

Subject to the
discussion below under “Passive Foreign Investment Company (PFIC) Rules,” gain or loss realized on the sale or other
taxable disposition of Class A Ordinary Shares and warrants will be capital gain or loss, and will be long-term capital gain or loss
if the U.S. Holder held the Class A Ordinary Shares for more than one year. The amount of the gain or loss will equal the difference
between the U.S. Holder’s tax basis in the Class A Ordinary Shares disposed of and the amount realized on the disposition.
Long-term capital gain of a non-corporate U.S. Holder is generally taxed at preferential rates. This gain or loss will generally be
U.S.-source gain or loss for foreign tax credit purposes. The deductibility of capital losses is subject to limitations. U.S.
Holders are urged to consult their tax advisors regarding the tax consequences if a foreign tax is imposed on the disposition of
Class A Ordinary Shares, including the availability of the foreign tax credit under an investor’s own particular
circumstances.

A U.S. Holder that receives
non-U.S. currency on the disposition of the Class A Ordinary Shares will realize an amount equal to the U.S. dollar value of the foreign
currency received on the date of disposition (or in the case of cash basis and electing accrual basis taxpayers, the settlement date)
whether or not converted into U.S. dollars at that time. Generally, the U.S. Holder will recognize currency gain or loss if the U.S.
dollar value of the currency received on the settlement date differs from the amount realized with respect to the Class A Ordinary Shares.
Any currency gain or loss on the settlement date or on any subsequent disposition of the foreign currency generally will be U.S.-source
ordinary income or loss.

Passive Foreign Investment Company (PFIC) Rules

Special U.S. federal income
tax rules apply to a U.S. Holder that holds stock in a foreign corporation classified as a PFIC for U.S. federal income tax purposes.
In general, a non-U.S. corporation will be classified as a PFIC for any taxable year