Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 46

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 46
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and conduct our business.

In addition, the Enterprise
Income Tax Law and its implementation rules provide that a withholding tax rate of up to 10% will be applicable to dividends payable by
Chinese companies to non-PRC-resident enterprises unless otherwise exempted or reduced according to treaties or arrangements between the
PRC central government and governments of other countries or regions where the non-PRC resident enterprises are incorporated. Any limitation
on the ability of our PRC subsidiary to pay dividends or make other distributions to us could materially and adversely limit our ability
to grow, make investments or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund and conduct our business.

<div align='center'>S-18

CAPITALIZATION</div>

The following table sets forth our capitalization
as of June 30, 2024:

| ● | on a pro forma basis to give effect to (i) the issuance and sale of                                                                            
 25,000,000 Class A ordinary shares at the offering price of US$0.125 per Class A ordinary share under the securities purchase agreement,       
 dated December 30, 2024, including all pre-funded warrants that are exercised, after deducting the placement agent fees and estimated          
 offering expenses payable by us, (ii) the issuance and sale of 20,000,000 Class A ordinary shares at the offering price of US$0.14 per         
 Class A ordinary share under the securities purchase agreement, dated December 26, 2024, including all pre-funded warrants that are exercised, 
 after deducting the placement agent fees and estimated offering expenses payable by us, (iii) the issuance and sale of 15,000,000 Class        
 A ordinary shares at the offering price of US$0.18 per Class A ordinary share under the securities purchase agreement, dated December          
 12, 2024, including all pre-funded warrants that are exercised, after deducting the placement agent fees and estimated offering expenses       
 payable by us, and (iv) the issuance of 1,150,000 Class A ordinary shares to certain employees and consultants for their services, as          
 if such issuances had occurred as of June 30, 2024; and                                                                                        |

| ● | on a pro forma as adjusted basis to give effect to the issuance and                                                                      
 sale of 42,500,000 Class A ordinary shares at the offering price of US$0.08 per Class A ordinary share, assuming all pre-funded warrants 
 are exercised