ASCENTAGE PHARMA GROUP INTERNATIONAL (AAPG)

What ASCENTAGE PHARMA GROUP INTERNATIONAL does

faces significant risks and uncertainties. We are a Cayman Islands exempted company that conducts operations in multiple countries, primarily through our subsidiaries, with substantive business operations in China and in the United States. Under this holding company structure, investors in our ADSs hold equity interests in the Cayman Islands exempted company obtaining indirect ownership interests in our operating companies, including the PRC operating companies. This holding company structure involves certain risks to investors of our ADSs and ordinary shares. You should carefully consider all of the information set forth in this Annual Report on Form 20-F and in the other documents we file with or furnish to the SEC, including the following risk factors, before deciding to invest in or to maintain an investment in our securities.

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