Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 103

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 103
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   1      On                                                                                                                                        

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

F-5

LICHEN INTERNATIONAL LIMITED

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’
EQUITY

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)

                                                     Class A Ordinary      Additional      Statutory            Retained      Accumulated                                               Total                     Total  
                                                                                                                                                                     Lichen International Ltd                            
                                                     Shares                paid-in         surplus reserve      Earnings      other comprehensive income (loss)                                    Shareholders’ equity  
                                                                                                                                                                                shareholders’                            
                                                     (US$ 0.008 par        capital                                                                                                                                       
                                                                                                                                                                                       equity                            
                                                     value) 1                                                                                                                                                            
  Net income                                         -                     -               -                    7,818         -                                                         7,818                     7,818  
  Foreign currency translation                       -                     -               -                    -             ( 3,541                                                 ( 3,541                   ( 3,541  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance as of December 31, 2021                    67,500                1,487           789                  33,014        1,541                                                    36,832                    36,832  
  Balance as                                         67,500                1,487           789                  40,832        ( 2,000                                                  41,109                    41,109  
  Net income                                                                                                    8,338                                                                   8,338                     8,338  
  Net Proceeds from the initial public offering      20,000                13,406                                             -                                                        13,406                    13,406  
  Appropriation of for statutory reserve             -                     -               948                  ( 948         -                                                             -                         -  
  Foreign currency translation adjustments           -                     -               -                    -             ( 1,433                                                 ( 1,433                   ( 1,433  
  Balance as                                         87,500                14,893          1,737                48,222        ( 3,433                                                  61,420                    61,420  
  Net loss                                                                                                      ( 6,139       -                                                       (