Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 69

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 69
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effect. No ruling has been sought from the Internal Revenue Service (the “ IRS”) with respect to any United States federal
income tax consequences described below, and there can be no assurance that the IRS or a court will not take a contrary position. This
discussion does not address all aspects of United States federal income taxation that may be important to particular investors in light
of their individual circumstances, including investors subject to special tax rules (for example, banks or other financial institutions,
insurance companies, broker-dealers, pension plans, cooperatives, traders in securities that have elected the mark-to-market method of
accounting for their securities, partnerships and their partners, regulated investment companies, real estate investment trusts, and tax-exempt
organizations (including private foundations)), holders who are not U. S. holders, holders who own (directly, indirectly, or constructively)
10% or more of our voting stock, holders who will hold their Class A Ordinary Shares as part of a straddle, hedge, conversion, constructive
sale, or other integrated transaction for United States federal income tax purposes, or investors that have a functional currency other
than the United States dollar, all of whom may be subject to tax rules that differ significantly from those summarized below. In addition,
this discussion does not discuss any non-United States, alternative minimum tax, state, or local tax considerations, or the Medicare tax
on net investment income. Each U. S. holder is urged to consult its tax advisors regarding the United States federal, state, local, and
non-United States income and other tax considerations with respect to the ownership and disposition of our Class A Ordinary Shares.

General

For purposes of this discussion,
a “ U. S. holder” is a beneficial owner of our Class A Ordinary Shares that is, for United States federal income tax purposes,
(i) an individual who is a citizen or resident of the United States, (ii) a corporation (or other entity treated as a corporation for
United States federal income tax purposes) created in, or organized under the laws of, the United States or any state thereof or the District
of Columbia, (iii) an estate the income of which is subject to United States federal income taxation regardless of its source, or (iv)
a trust (A) the administration of which is subject to the primary supervision of a United States court and which has one or more United
States persons who have the authority to control all substantial decisions of the trust or (B) that has otherwise elected to be