Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 75

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 75
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, 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 following circumstances are “existing enterprises”: before the effectiveness of the Trial Measures on March 31,
2023, the application for indirect overseas issuance and listing has been approved by the overseas regulators or overseas stock exchanges
(such as the registration statement has become effective on the U.S. market), it is not required to perform issuance and listing
supervision procedures of the overseas regulators or overseas stock exchanges, and the overseas issuance and listing will be completed
by September 30, 2023. Existing enterprises are not required to file with the CSRC immediately, and filings with the CSRC should
be made as required if they involve refinancings and other filing matters. PRC domestic enterprises that have submitted valid applications
for overseas issuance and listing but have not been approved by overseas regulatory authorities or overseas stock exchanges at the date
of effectiveness of the Trial Measures on March 31, 2023 can reasonably arrange the timing of filing applications with the CSRC and
shall complete the filing with the CSRC before the overseas issuance and listing.

In addition, an overseas-listed company must also
submit the filing with respect to its follow-on offerings, issuance of convertible corporate bonds and exchangeable bonds, and other equivalent
offering activities, within the time frame specified by the Trial Measures. As a result, we will be required to file with the CSRC within
three business days after the completion of the offerings in connection with this registration statement. We will begin the process
of preparing a report and other required materials in connection with the CSRC filing, which will be submitted to the CSRC in due course.
However, if we do not maintain the permissions and approvals of the filing procedure in a timely manner under PRC laws and regulations,
we may be subject to investigations by competent regulators, fines or penalties, ordered to suspend our relevant operations and rectify
any non-compliance, prohibited from engaging in relevant business or conducting any offering, and these risks could result in a