Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 1

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 1
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 float, as of January 28, 2025, was approximately US$189.9 million, which was calculated based on 89,590,000
Class A ordinary shares held by non-affiliates as of January 28, 2025 and a per share price of US$2.12, which was the closing price of
our Class A ordinary shares on Nasdaq on December 5, 2024. We are therefore no longer subject to the limitations on under General Instruction
I.B.5 of Form F-3.

Investors are cautioned that you are notbuying shares of a China-based operating company but instead are buying shares of a Cayman Islands holding company with operations conducted by our subsidiaries based in China and that this structure involves unique risks to investors.

This is an offering of the Class A ordinary shares of the Cayman Islands holding company. We conduct our business through the PRC subsidiaries. You will not and may never have direct ownership in the operating entity based in China. We do not use a Variable Interest Entity (“VIE”) structure.

Throughout this prospectus, unless the context indicates otherwise, references to “Lichen China”, “Lichen China Limited”, “we,” “us,” the “Company,” “our company” refer to Lichen China Limited, a holding company. References to “Subsidiaries,” “Operating Subsidiaries,” or “PRC subsidiaries” refer to the Lichen China Limited’s subsidiaries established under the laws of the People’s Republic of China. References to “Group” are to Lichen China Limited and its consolidated subsidiaries collectively.

Lichen China Limited is a Cayman Islands holding
company and is not a Chinese operating company. As a holding company with no material operations of its own, it conducts all of its operations
and operates its business in China through its PRC subsidiaries. Because of our corporate structure as a Cayman Islands holding company
with operations conducted by our PRC subsidiaries, it involves unique risks to investors. Furthermore, Chinese regulatory authorities
could change the rules and regulations regarding foreign ownership in the industry in which the Company operates, which would likely result
in a material change in our operations and/or a material change in the value of the securities we are registering for sale, including
that it could cause the value of such securities to significantly decline or become worthless. Investors in our Class A ordinary shares
should be aware that they do not directly hold equity interests in the Chinese operating entities, but rather are purchasing equity solely
in L