Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 102

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 102
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 affect or may affect
national security, shall conduct a cybersecurity review, any online platform operator who controls more than one million users’
personal information must go through a cybersecurity review by the cybersecurity review office if it seeks to be listed in a foreign country.
Since we are not an Operator, nor do we control more than one million users’ personal information, we would not be required to apply
for a cybersecurity review under the Measures for Cybersecurity Review (2021).

<div align='center'>10</div>

On February 17, 2023, the China Securities
Regulatory Commission, or the CSRC, announced the Circular on the Administrative Arrangements for Filing of Securities Offering and Listing
by Domestic Companies, or the Circular, and released a set of new regulations which consists of the Trial Administrative Measures of Overseas
Securities Offering and Listing by Domestic Companies, or the Trial Measures, and five supporting guidelines. On the same date, the CSRC
also released the Notice on the Arrangements for the Filing Management of Overseas Listing of Domestic Companies, or the Notice. The Trial
Measures came into effect on March 31, 2023. The Trial Measures refine the regulatory system by subjecting both direct and indirect
overseas offering and listing activities to the CSRC filing-based administration. Requirements for filing entities, time points and procedures
are specified. A PRC domestic company that seeks to offer and list securities in overseas markets shall fulfill the filing procedure with
the CSRC per the requirements of the Trial Measures. Where a PRC domestic company seeks to indirectly offer and list securities in overseas
markets, the issuer shall designate a major domestic operating entity, which shall, as the domestic responsible entity, file with the
CSRC. The Trial Measures also lay out requirements for the reporting of material events. Breaches of the Trial Measures, such as
offering and listing securities overseas without fulfilling the filing procedures, shall bear legal liabilities, including a fine between
RMB 1.0 million (approximately $150,000) and RMB 10.0 million (approximately $1.5 million), and the Trial Measures increase
the cost for offenders by enforcing accountability with administrative penalties and incorporating the compliance status of relevant market
participants into the Securities Market Integrity Archives.

According to the Circular, since the date of effectiveness
of the Trial Measures on March 31, 2023, PRC domestic enterprises falling within the scope of filing that have been listed overseas
or met the