Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 0

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
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Item 3. Key Information

OVERVIEW

Corporate Structure

The following diagram illustrates
the corporate structure of Lichen International Limited and its significant subsidiaries as of the date of this annual report.

Holding Company Structure

We were formed under the name
of “ Lichen China Limited” on April 13, 2016 under the laws of the Cayman Islands. In February 2025, we changed the name from
“ Lichen China Limited” to “ Lichen International Limited”. As of the date of this annual report, the authorized
share capital of the Company is US$1,000,000 divided into 100,000,000 Class A Ordinary Shares and 25,000,000 Class B Ordinary Shares,
of which 716,825 Class A Ordinary Shares and 45,000 Class B Ordinary Shares are issued and outstanding. The Company is a holding company
and is currently not actively engaging in any business. Lichen International Limited controls and receives the economic benefits of its
PRC subsidiaries’ business operation, if any, through equity ownership.

Legend Consulting BVI was
incorporated on December 20, 2013 under the laws of the British Virgin Islands with limited liability. Legend Consulting BVI is a wholly
owned subsidiary of the Company. Legend Consulting BVI is a holding company and is currently not actively engaging in any business.

Legend Consulting HK was formed
on January 8, 2014 under the laws of Hong Kong. Legend Consulting HK is a wholly owned subsidiary of Legend Consulting BVI. It is a holding
company and is not actively engaging in any business.

Lichen Zixun was established
on April 14, 2004 under the laws of the PRC. Lichen Zixun is a wholly owned subsidiary of Legend Consulting HK and is our main operating
entity.

Lichen Singapore was established
on December 28, 2023 under the laws of Singapore. Lichen Singapore is a wholly owned subsidiary of Legend Consulting HK.

Bondly HK was established
on June 13, 2022 under the laws of Hong Kong. Bondly HK is a wholly owned subsidiary of Legend Consulting HK.

Bondly XM was established
on August 25, 2022 under the laws of PRC. Bondly XM is a wholly owned subsidiary of Bondly HK and is our operating entity.

As a result of our corporate
structure, LICN’s ability to pay dividends may depend upon dividends paid by our Operating Subsidiaries. If our existing