Company: LICN
Filing Date: 2025-12-02
Form Type: F-3
Source: 0001185185-25-001892
Chunk: 20

Company: Lichen International Ltd
Filing Date: 2025-12-02
Form: F-3
Chunk 20
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 owned subsidiary of the Company. Legend Consulting BVI is a holding company and is currently not actively engaging in any business.

Legend Consulting HK was formed on January 8, 2014 under the laws of Hong Kong. Legend Consulting HK is a wholly owned subsidiary of Legend Consulting BVI. It is a holding company and is not actively engaging in any business.

Lichen Zixun was established on April 14, 2004 under the laws of the PRC. Lichen Zixun is a wholly owned subsidiary of Legend Consulting HK and is our main operating entity.

Lichen Singapore was established on December 28, 2023 under the laws of Singapore. Lichen Singapore is a wholly owned subsidiary of Legend Consulting HK.

Bondly HK was established on June 13, 2022 under the laws of Hong Kong. Bondly HK is a wholly owned subsidiary of Legend Consulting HK.

Bondly XM was established on August 25, 2022 under the laws of PRC. Bondly XM is a wholly owned subsidiary of Bondly HK and is our operating entity.

As a result of our corporate structure, LICN’s ability to pay dividends may depend upon dividends paid by our Operating Subsidiaries. If our existing Operating Subsidiaries or any newly formed ones incur debt on their own behalf in the future, the instruments governing their debt may restrict their ability to pay dividends to us.

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Summary of Risk Factors Investing in our Class A Ordinary Shares involves a high degree of risk. This summary does not address all of the risks that we face. Please refer to the information contained in and incorporated by reference under the heading “Risk Factors” on page 14 of this prospectus. Risks Related to Doing Business in China Risks related to doing business in China, beginning on page14 of this prospectus, include but are not limited to the following:

| ● | “Uncertainties                                                                                                                          
 with respect to the PRC legal system, including uncertainties regarding the enforcement of laws, and sudden or unexpected changes in    
 laws and regulations in China with little advance notice could adversely affect us and limit the legal protections available to you and 
 us.” See page 14.                                                                                                                       |

| ● | “The                                                                                                                                     
 filing, approval or other administration requirements of the Chinese Securities Regulatory Commission (the “CSRC”) or other              
 PRC government authorities may be required in connection with our future offshore offering under PRC law, and, if required, we cannot    
 predict whether