Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 35

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 35
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 See “Risk Factors — Risks Related to Doing Business
in China — 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” on page 13 of the accompanying prospectus, “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 Class A ordinary shares to investors and cause the value of our
Class A 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” on page 16 of the accompanying prospectus, and “We may lose the ability to offer or continue
to offer securities to investors and cause the value of such securities to significantly decline or be worthless if the Chinese government
may exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers”
on page 20 of the accompanying prospectus.

Although we have not received any denial to continue
to list on the U.S. exchange or conduct our daily business operation, it is highly uncertain how soon legislative or administrative
regulation making bodies will respond and what existing or new laws or regulations or detailed implementations and interpretations will
be modified or promulgated, if any, and the potential impact such modified or new laws and regulations will have on our daily business
operation, the ability to accept foreign investments and list our securities on an U.S. or other foreign exchange. For more detailed
information, see “Risk Factors — Risks Related to Doing Business in China — The approval of the
China Securities Regulatory Commission may be required in connection with this offering, and, if required, we cannot predict whether we
will be able to obtain such approval” on page 31 of the accompanying prospectus and “We may become subject to a variety of
laws and regulations in the PRC regarding privacy, data security, cybersecurity, and data protection. We may be liable for improper use
or appropriation of personal information provided by our customers” on page 25 of the accompanying prospectus.

<div align='center'>S-11</div>

The Offering

| Securities