Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 38

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 38
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 analysts). We do not currently have and may
never obtain research coverage by independent securities and industry analysts. If no independent securities or industry analysts commence
coverage of us, the trading price for our Class A ordinary shares would be negatively impacted. If we obtain independent securities or
industry analyst coverage and if one or more of the analysts who covers us downgrades our Class A ordinary shares, changes their opinion
of our shares or publishes inaccurate or unfavorable research about our business, the price of our Class A ordinary shares would likely
decline. If one or more of these analysts ceases coverage of us or fails to publish reports on us regularly, demand for our Class A ordinary
shares could decrease and we could lose visibility in the financial markets, which could cause the price and trading volume of our Class
A ordinary shares to decline.

<div align='center'>S-14</div>

Because we do not expect to pay dividends in the foreseeable future, you must rely on the price appreciation of our Class A ordinary shares for return on your investment.

We currently intend to retain most, if not all,
of our available funds and any future earnings to fund the development and growth of our business. As a result, we do not expect to pay
any cash dividends in the foreseeable future. Therefore, you should not rely on an investment in our Class A ordinary shares as a source
for any future dividend income.

Our board of directors has complete discretion
as to whether to distribute dividends, subject to certain requirements of Cayman Islands law. In addition, our shareholders may by ordinary
resolution declare a dividend, but no dividend may exceed the amount recommended by our board of directors. Under Cayman Islands law,
a Cayman Islands company may pay a dividend out of either profit or share premium account, provided that in no circumstances may a dividend
be paid if this would result in the company being unable to pay its debts as they fall due in the ordinary course of business. Even if
our board of directors decides to declare and pay dividends, the timing, amount and form of future dividends, if any, will depend on,
among other things, our future results of operations and cash flow, our capital requirements and surplus, the amount of distributions,
if any, received by us from our subsidiaries, our financial condition, contractual restrictions, and other factors deemed relevant by
our board of directors. Accordingly, the return on your investment in our Class A ordinary shares will likely depend entirely upon any
future price appreciation of our Class A ordinary shares. There is no