Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 137

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 137
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agreed to purchase40% of the equity interest of the Target at the total purchase price of US$5,330,000. The Securities Purchase Agreements
and the transaction contemplated thereby, have been approved by the Company’s board of directors. On February 26, 2025, the Company
completed the payment of US$5,330,000. The transaction then has been closed.

On February 10, 2025,
the Board approved a one-for-two-hundred (1:200) Reverse Split of the Company’s issued and unissued Class A and Class B ordinary
shares.

On March 27, 2025, the
Company entered into an agreement to transfer100% of the equity interests in the Xiamen City Legend Education Services Company Limited
(“ Lichen Education”) to Mrs. Lina Li, who is not affiliate of the Company or any of its directors or officers. Pursuant to
the Disposition SPA, the Purchaser agreed to purchase the Lichen Education in exchange for cash consideration of RMB7.91million (approximately
$1.10million, the “ Purchase Price”). Upon the closing of the transaction (the “ Disposition”) contemplated by
the Disposition SPA, Mrs. Lina Li will become the sole shareholder of Lichen Education and as a result, assume all assets and liabilities
of Lichen Education owned. The transaction was closed on March 31, 2025.

Additionally, the Company
has officially changed its name from Lichen China Limited to Lichen International Limited. This name change was duly approved by the Company’s
shareholders on February 10, 2025.

In preparing these consolidated financial statements, the Company has
evaluated events and transactions for potential recognition or disclosure through April 28, 2025, the date the consolidated financial
statements were available to be issued. No other events require adjustment to or disclosure in the consolidated financial statements.

F-30