Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 131

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 131
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 a holding
company under the laws of Cayman Islands. The Company’s authorized share capital of US$50,000is divided into (a)1,000,000,000Class A Ordinary Shares with a nominal or par value of US$0.008each and (b)250,000,000Class B Ordinary Shares with
a nominal or par value of US$0.008each. On March 3, 2025, the Company consolidated (each a “ Share”) its common shares
on the basis of 200 pre-consolidation Shares for one (1) post-consolidation share, which was approved by the Board on February 10,
2025. As of December 31, 2024,449,500Class A Ordinary Shares and45,000Class B Ordinary shares were issued and outstanding. Share
amounts have been retrospectively restated to reflect the post-consolidation number of shares. Each Class A Ordinary Share has one
(1) voteandeach Class B Ordinary Share has ten (10) votes. Each Class B Ordinary Share is convertible into one Class A Ordinary
Share at any time at the option of the holder thereof. Class A Ordinary Shares are not convertible into Class B Ordinary Shares
under any circumstances.

On February 6, 2023, the Company announced the
closing of its initial public offering of4,000,000Class A ordinary shares at a public offering price of $4.00per Class A ordinary share
for a total of $16,000,000 in gross proceeds. The Company raised total net proceeds of $14,098,140after deducting underwriting discounts
and commissions and offering expenses. In addition, the Company granted to its underwriters an option for a period of45days after the
closing of the initial public offering to purchase up to an additional600,000Class A Ordinary Shares at the public offering price, less
underwriting discounts. On February 8, 2023, the Company closed its initial public offering of4,000,000Class A ordinary shares, par
value $0.00004per Class A ordinary share.

On March 12, 2024, the Company issued an aggregate
of870,000Class A ordinary shares of the Company to certain employees and consultant for their services with par value of $0.00004per
share.

F-27

On May 2, 2024, the Company entered into the Securities
Purchase Agreements with eight purchasers, each