Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 89

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 89
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 and is our operating entity. Summary of Risk Factors Investing in our Class A ordinary shares involves a high degree of risk. This summary does not address all of the risks that we face. Please refer to the information contained in and incorporated by reference under the heading “Risk Factors” on page 13 of this prospectus. Risks Related to Doing Business in China Risks related to doing business in China, beginning on page 13 of this prospectus, include but are not limited to the following:

| ● | “Uncertainties with respect to the PRC legal system,                                                                                     
 including uncertainties regarding the enforcement of laws, and sudden or unexpected changes in laws and regulations in China with little 
 advance notice could adversely affect us and limit the legal protections available to you and us.” See page 13.                          |

| ● | “The filing, approval or other administration requirements                                                                               
 of the Chinese Securities Regulatory Commission (the “CSRC”) or other PRC government authorities may be required in connection           
 with our future offshore offering under PRC law, and, if required, we cannot predict whether or for how long we will be able to complete 
 the filing procedure with the CSRC and obtain such approval or complete such filing, as applicable.” See page 14.                        |

| ● | “Any actions by the Chinese government to exert more                                                                                         
 oversight and control over offerings that are conducted overseas and foreign investment in China-based issuers could significantly limit     
 or completely hinder our ability to offer or continue to offer our ordinary shares to investors and cause the value of our ordinary shares   
 to significantly decline or be worthless. The M&A Rules and certain other PRC regulations establish complex procedures for some acquisitions 
 of Chinese companies by foreign investors, which could make it more difficult for us to pursue growth through acquisitions in China.”        
 See page 16.                                                                                                                                 |

| ● | “There are significant legal and other obstacles to                                                                                     
 obtaining information needed for shareholder investigations or litigation outside China or otherwise with respect to foreign entities.” 
 See page 17.                                                                                                                            |

| ● | “PRC regulation of loans to, and direct investments                                                                                   
 in, PRC entities by offshore holding companies may delay or prevent us from using proceeds from this offering and/or future financing 
 activities to make loans or additional capital contributions to our PRC operating subsidiaries.” See page 17.                         |

| ● | “We must remit the offering proceeds to China before                                                                   
 they may be used to benefit our business in China, and this process may take several months