Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 56

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 8
Chunk 56
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Item
8. Financial Information

A. Consolidated Statements and Other Financial
Information

Please refer to “ Item
18. Financial Statements.”

Legal and Administrative Proceedings

We are currently not aware
of any such legal proceedings or claims that we believe will have a material adverse effect on our business or financial condition.

Litigation or any other legal
or administrative proceeding, regardless of the outcome, is likely to result in substantial costs and diversion of our resources, including
our management’s time and attention. For potential impact of legal or administrative proceedings on us, see “ Item 3. Key Information
- 3. D. Risk Factors-Risks Relating to Our Business and Industry - We may face disputes from time to time relating to the intellectual
property rights of third parties. We cannot assure you that our teaching and learning materials supplied to the Partnered Institutions
under the Partnership Agreements or our self-developed software do not or will not infringe intellectual property rights of third parties”.

Dividend Policy

We do not have any plan to
declare or pay any cash dividends on our Class A or Class B Ordinary Shares in the foreseeable future. We currently intend to retain most,
if not all, of our available funds and any future earnings to support operations and to finance the growth and development of our business.
Any future determination relating to our dividend policy will be made at the discretion of our Board of Directors and will depend on a
number of factors, including future earnings, capital requirements, financial condition and future prospects and other factors the Board
of Directors may deem relevant.

If we determine to pay dividends
on any of our Class A or Class B Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our
operating subsidiaries. Dividend distributions from our PRC subsidiaries to us are subject to PRC taxes, such as withholding tax. In addition,
regulations in the PRC currently permit payment of dividends of a PRC company only out of accumulated distributable after-tax profits
as determined in accordance with its articles of association and the accounting standards and regulations in China. PRC regulations may
restrict the ability of our PRC subsidiary to pay dividends to us. See “ Item 4. B. - Regulation-Regulations on Foreign Currency Exchange”
and “ Item 4. B. - Regulation-Regulations on Dividend Distribution.”

8. B. Significant Changes

Except as otherwise disclosed
in this report, we have not experienced any significant changes since the date of our