Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 60

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 60
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 hour from the time appointed for the meeting, the shareholders present shall be a quorum and may transact the business for
which the meeting was called. The chairman, if any, of our Board of Directors shall preside as chairman at every general meeting of
the Company, or if there is no such chairman, or if he shall not be present within fifteen minutes after the time appointed for the
holding of the general meeting, or is unwilling to act, the directors present shall elect one of their number to be chairman of the
general meeting.

Meetings of Directors

Subject to the Cayman Islands
Companies Act and the amended and restated articles of association of our company, the management of our company is entrusted to our Board
of Directors, who will make decisions by voting on resolutions of directors. At any meeting of directors, a quorum will be present if
two directors are present, unless otherwise fixed by the directors. If there is a sole director, that director shall be a quorum. A director
and his appointed alternate director shall be considered as only one person for the purpose of calculating quorum. An alternate director
or proxy appointed by a director shall be counted in a quorum at a meeting at which the director appointing him is not present. An action
that may be taken by the directors at a meeting may also be taken by a resolution of directors consented to in writing by all of the directors.

Winding Up

On a return of capital on
winding up, assets available for distribution among the holders
of ordinary shares shall be distributed among the holders of our shares in proportion to the capital paid up. If our assets available
for distribution are insufficient to repay all of the paid-up capital, the assets will be distributed so that the losses are borne by
our shareholders in proportion to the capital paid up.

Calls on Ordinary Shares and forfeiture
of Ordinary Shares

Our Board of Directors may
from time to time make calls upon shareholders for any amounts unpaid on their ordinary shares in a notice served to such shareholders
at least 14 days prior to the specified time of payment provided that no call shall be payable at less than one month from the date fixed
for the payment of the last preceding call. The ordinary shares that have been called upon and remain unpaid are subject to forfeiture
if the call remains unpaid after a second notice by the directors in accordance with the amended and restated articles of association.

Repurchase of Shares

The Cayman Islands Companies
Act and our amended and restated