Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 46

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 46
---
 in Europe, Middle East, and Asia. He has previously
worked with clients in different industries such as tourism, trade, and IT, and international companies of different sizes. Mr. Bodenstein
received his MBA Degree in General Management from the Joseph-Schumpeter Institut Wels, School of Applied Studies. He is a Certified Management
Consultant (CMC).

Jingyu Lian, Independent
Director and Chair of Audit Committee and Nominating Committee

Ms. Jingyu Lian has over 15
years of experience in accounting practice in the PRC. Since April 2, 2025, she has been appointed as the director, the chair of the audit
committee, the chair of the nominating committee and a member of the compensation committee of the Company. Ms. Lian has served as deputy
chief accountant at Xiamen Taixin CPA Ltd. since December 2018, where she provides comprehensive financial and tax solutions to multiple
PRC IPO companies throughout their listing process and post-listing compliance. From March 2010 to December 2018, Ms. Lian served as senior
project manager at BDO China Shu Lun Pan CPAs LLP (Xiamen), where she led audit and liquidation projects for enterprises. Ms. Lian possesses
extensive practical experience in IPO audits for multiple PRC companies, taxation, finance, and capital markets. Ms. Lian holds a Medium
Level Accountant qualification in the PRC and is a Certified Public Accountant of China. She earned her bachelor’s degree in accounting
from Hubei University in 2010.

Family Relationships

None of the directors or executive
officers has a family relationship as defined in Item 401 of Regulation S-K.

6. B. Compensation

Employment Agreements

We have entered into an employment
agreement with each of our executive officers and employee directors. Each of them is employed for a specified time period. We may terminate
employment for cause, at any time, without advance notice or remuneration, for certain acts of the executive officer. We may also terminate
an executive officer’s employment without cause upon advance written notice. The executive officer and employee director may resign
at any time with an advance written notice.

Compensation of Directors
and Executive Officers

For the fiscal year ended
December 31, 2024, we paid an aggregate of RMB5,092,614(approximately
US$715,086), which is the total amount