We show that in the scenario where dark matter (DM) particles annihilate through light mediators, the energy spectra of the final state cosmic-ray particles depend strongly on the mediator mass. For final state antiprotons, a spectrum with relatively narrow peak occurs when the mediator mass is comparable to thepp production threshold. Of interest, the latest AMS-02 data on thep/p flux ratio hint at a bump-like excess over the expected background in the energy range ∼ 100 − 450 GeV. We show that such a light mediator scenario is favoured by the latest AMS-02 data over the scenarios of DM direct annihilation into the standard model particles and that of antiprotons produced from inside supernova remnants (SNRs), and is consistent with the upper limits derived from the Fermi-LAT data on the gamma rays towards the dwarf spheroidal galaxies. Thep/p flux ratio with energy above 450 GeV is predicted to fall with energy quickly, which can be easily distinguished from the other two scenarios as they predict the ratio to be flattening or rising up to multi-TeV region.Introduction. Cosmic-ray (CR) antiparticles such as positrons and antiprotons are relatively rare and sensitive to exotic contributions. In recent years, an excess over the expected background in CR positrons has been observed [1]. The spectral feature of the excess plays an important role in identifying its origin such as nearby astrophysical sources or dark matter (DM) interactions. Recently, the AMS-02 collaboration published the measurement on the antiproton to proton (p/p) flux ratio up to kinetic energy 450 GeV, based on four years of data taking [2], confirming the first preliminary result presented in the year 2015 [3]. Although the measured kinetic energy spectrum ofp/p ratio is in overall agreement with the secondary production especially below ∼ 100 GeV [4,5], at higher energies, there is a trend of flattening and smooth rise in the range ∼ 100 − 260 GeV, followed by a drop by ∼ 30% in the range ∼ 260 − 450 GeV. Such a hint of a bump-like excess has already been observed in the preliminary AMS-02 result [3], and is strengthened in the latest data with higher statistics.