Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 105

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 105
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                                                                $          26,712      $          25,856      $          22,599  
  Supplemental disclosures of cash flows information:                                                                                                     
  Cash paid for income taxes                                                             $           2,407      $           2,630      $           2,955  
  Cash paid for interest expense                                                         $               -      $               -      $               1  
  Supplemental disclosures of non-cash information:                                                                                                       
  Obtaining right-of-use assets in exchange for operating lease liabilities              $              54      $              23      $             266  
  Purchase of intangible assets prepaid in prior year                                    $           2,808      $             667      $           2,081  

The accompanying notes are an integral part
of these consolidated financial statements.

F-7

LICHEN INTERNATIONAL LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023
AND 2022

(All amounts in thousands of USD, except for
share and per share data, unless otherwise noted)

1. ORGANIZATION AND NATURE OF OPERATIONS

Legend China Limited was incorporated in the Cayman
Islands onApril 13, 2016as a limited liability company. Pursuant to a special resolution dated November 8, 2016, Legend China Limited
changed its name to Legend China Ltd. Pursuant to a special resolution dated April 6, 2017, Legend China Ltd. changed its name to Lichen
China Limited. Pursuant to a special resolution dated February 10, 2025, Lichen China Limited changed its name to Lichen International
Limited (“ Lichen”).

Lichen is an investment holding company. Through
its wholly owned subsidiaries, Lichen is principally engaged in the provision of: (i) financial and taxation solution services; (ii) education
support services to partnered institutions; and (iii) software and maintenance services.

Lichen owns100% interests in its subsidiaries.
The following diagram illustrates the corporate structure of Lichen International Limited and its subsidiaries (collectively, the “ Company”)
as of December 31, 2024:

F-8

During the reporting periods, the Company has
several subsidiaries in PRC. Details of the Company and its operating subsidiaries are set out below:

  Name of subsidiaries                                                                    Place of                                             Date of                         Principal activities