Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 28

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 28
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 business. The business license
and agency bookkeeping license are the only two permissions and approvals that our PRC subsidiaries are required to obtain to conduct
our business in China. In addition, Lichen China Limited, Legend Consulting BVI and Legend Consulting HK are not required to obtain any
permissions or approvals from any Chinese authorities to operate our business as of the date of this prospectus supplement. However, applicable
laws and regulations may be tightened, and new laws or regulations may be introduced to impose additional government approval, license
and permit requirements. If we or our Subsidiaries inadvertently conclude that such permissions and approvals relating to the operations
of our business are not required, fail to obtain and maintain such approvals, licenses or permits required for our business, or fail to
respond to changes in the applicable laws, regulations, interpretations and regulatory environment, we or our subsidiaries could be subject
to liabilities, monetary penalties and even operational disruption, which may materially and adversely affect our business, operating
results, financial condition and the value of our Class A ordinary shares, significantly limit or completely hinder our ability to offer
or continue to offer securities to investors, or cause such securities to significantly decline in value or become worthless.

<div align='center'>S-8</div>

As confirmed by our PRC counsel, Tianyuan Law
Firm, we and our Subsidiaries are not subject to cybersecurity review with the Cyberspace Administration of China, or the “CAC,”
after the Cybersecurity Review Measures became effective on February 15, 2022, since we currently do not have over one million users’
personal information and do not anticipate that we will be collecting over one million users’ personal information in the foreseeable
future, which we understand might otherwise subject us to the Cybersecurity Review Measures; we are also not subject to network data security
review by the CAC if the Draft Regulations on the Network Data Security Administration are enacted as proposed, since we currently do
not have over one million users’ personal information and do not collect data that affects or may affect national security and we
do not anticipate that we will be collecting over one million users’ personal information or data that affects or may affect national
security in the foreseeable future, which we understand might otherwise subject us to the Network Data Security Administration Draft.
However, the changing applicable laws, regulations or interpretations may require us to do so in the future. Accordingly, any future failure
to obtain prior approval of the CSRC, CAC, or any