Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 118

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 118
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 we may be subject to a more stringent review and approval
process with respect to our foreign exchange activities, such as remittance of dividends and foreign-currency-denominated borrowings,
which may adversely affect our financial condition and results of operations. We cannot assure you that we have complied or will be able
to comply with all applicable foreign exchange and outbound investment related regulations. In addition, if we decide to acquire a PRC
domestic company, we cannot assure you that we or the owners of such company, as the case may be, will be able to obtain the necessary
approvals or complete the necessary filings and registrations required by the foreign exchange regulations. This may restrict our ability
to implement our acquisition strategy and could adversely affect our business and prospects.

As an offshore holding company with PRC subsidiaries,
we may transfer funds to our operating entity or finance our operating entity by means of loans or capital contributions. Any capital
contributions or loans that we, as an offshore entity, make to our Company’s PRC subsidiaries, including from the proceeds of this
offering, are subject to the above PRC regulations. We may not be able to obtain necessary government registrations or approvals on a
timely basis, if at all. If we fail to obtain such approvals or make such registration, our ability to make equity contributions or provide
loans to our Company’s PRC subsidiaries or to fund their operations may be negatively affected, which may adversely affect their
liquidity and ability to fund their working capital and expansion projects and meet their obligations and commitments. As a result, our
liquidity and our ability to fund and expand our business may be negatively affected.

We must remit the offering proceeds to China before they may be used to benefit our business in China, and this process may take several months to complete.

The process for sending the proceeds from this
offering back to China may take as long as six months after the closing of this offering.

Any loans to the PRC subsidiaries are subject
to PRC regulations. For example, loans by us to our subsidiaries in China, which are foreign-invested enterprises, to finance their activities
cannot exceed statutory limits and must be registered with SAFE.

To remit the proceeds of the offering, we must
take the following steps:

| ● | First, we will open a special foreign exchange account for                                                                            
 capital account transactions. To open this account, we must submit to SAFE certain application forms, identity documents, transaction 
 documents, form of foreign exchange registration of overseas