Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 119

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 119
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 investments of the domestic residents, and foreign exchange registration 
 certificate of the invested company. As of the date of this prospectus, we have already opened a special foreign exchange account for 
 capital account transactions.                                                                                                         |

| ● | Second, we will remit the offering proceeds into this special 
 foreign exchange account.                                     |

| ● | Third, we will apply for settlement of the foreign exchange.                                                                         
 In order to do so, we must submit to SAFE certain application forms, identity documents, payment order to a designated person, and a 
 tax certificate.                                                                                                                     |

The timing of the process is difficult to estimate
because the efficiencies of different SAFE branches can vary significantly. Ordinarily the process takes several months but is required
by law to be accomplished within 180 days of application.

We may also decide to finance our subsidiaries
by means of capital contributions. These capital contributions must be approved by MOFCOM or its local counterpart. We cannot assure you
that we will be able to obtain these government approvals on a timely basis, if at all, with respect to future capital contributions by
us to our subsidiaries. If we fail to receive such approvals, our ability to use the proceeds of this offering and to capitalize our Chinese
operations may be negatively affected, which could adversely affect our liquidity and our ability to fund and expand our business. If
we fail to receive such approvals, our ability to use the proceeds of this offering and to capitalize our Chinese operations may be negatively
affected, which could adversely affect our liquidity and our ability to fund and expand our business.

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PRC regulation of loans to and direct investment in PRC entities by offshore holding companies to PRC entities may delay or prevent us from making loans or additional capital contributions to our PRC operating subsidiaries.

As an offshore holding company of our PRC subsidiaries,
we may make loans to our PRC subsidiaries or may make additional capital contributions to our PRC subsidiaries, subject to satisfaction
of applicable governmental registration and approval requirements.

Any loans we extend to our PRC subsidiaries cannot
exceed the statutory limit and must be registered with the local counterpart of the SAFE.

We may also decide to finance our PRC subsidiaries
by means of capital contributions. According to the relevant PRC regulations on foreign-invested enterprises in China, these capital contributions
are subject to registration with or approval by the MOFCOM or its local counterparts. In addition, the PRC government also restricts the
convertibility of foreign currencies