Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 40

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 40
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 distract our management from growing our business. Even if such allegations
are ultimately proven to be groundless, allegations against us could severely impact our business operations and shareholder’s equity,
and the value of any investment in our Class A ordinary shares could be greatly reduced or rendered worthless.

<div align='center'>S-15</div>

As an exempted company incorporated in the Cayman Islands with limited liability, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the Nasdaq corporate governance listing standards; these practices may afford less protection to shareholders than they would enjoy if we complied fully with the Nasdaq corporate governance listing standards.

As an exempted company incorporated in the Cayman
Islands company with limited liability that is listed on the Nasdaq, we are subject to the Nasdaq corporate governance listing standards.
However, Nasdaq rules permit a foreign private issuer like us to follow the corporate governance practices of its home country. Certain
corporate governance practices in the Cayman Islands, which is our home country, may differ significantly from the Nasdaq corporate governance
listing standards. We have relied on and plan to rely on home country practice with respect to our corporate governance. Specifically,
we are not required to seek shareholder approval for (i) the issuance 20% or more of our outstanding Class A ordinary shares or voting
power in a private offering, (ii) the issuance of securities pursuant to a share option or purchase plan to be established or materially
amended or other equity compensation arrangement made or materially amended, (iii) the issuance of securities when the issuance or potential
issuance will result in a change of control of our Company, and (iv) certain acquisitions in connection with the acquisition of the stock
or assets of another company. As a result, our shareholders may be afforded less protection than they otherwise would enjoy under the
Nasdaq corporate governance listing standards applicable to U.S. domestic issuers.

Certain judgments obtained against us by our shareholders may not be enforceable.

We are a Cayman Islands company and substantially
all of our assets are located outside of the United States. All of our current operations are conducted in the PRC. In addition, the majority
of our officers and directors are nationals and residents of countries other than the United States and all of their assets are located
outside the United States. As a result, it may be difficult or impossible for you to bring an action against us or against these individuals
in the United States in the event that you believe