Company: LICN
Filing Date: 2025-12-02
Form Type: F-3
Source: 0001185185-25-001892
Chunk: 23

Company: Lichen International Ltd
Filing Date: 2025-12-02
Form: F-3
Chunk 23
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 as of the last business day of our prior second fiscal quarter, and (ii) the date on which we have issued more than $1.0 billion in non-convertible debt during the prior three-year period. Implication of Being a Foreign Private Issuer We are a foreign private issuer within the meaning of the rules under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As such, we are exempt from certain provisions applicable to United States domestic public companies. For example:

| ● | we                                                                                                                                   
 are not required to provide as many Exchange Act reports or provide periodic and current reports as frequently, as a domestic public 
 company;                                                                                                                             |

| ● | for                                                                                                                                  
 interim reporting, we are permitted to comply solely with our home country requirements, which are less rigorous than the rules that 
 apply to domestic public companies;                                                                                                  |

| ● | we                                                                                                          
 are not required to provide the same level of disclosure on certain issues, such as executive compensation; |

| ● | we                                                                                                                                 
 are exempt from provisions of Regulation FD aimed at preventing issuers from making selective disclosures of material information; |

| ● | we                                                                                                                                     
 are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations in 
 respect of a security registered under the Exchange Act; and                                                                           |

| ● | we                                                                                                                                    
 are not required to comply with Section 16 of the Exchange Act requiring insiders to file public reports of their share ownership and 
 trading activities and establishing insider liability for profits realized from any “short-swing” trading transaction.                |

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Implication of Holding Foreign Companies Accountable Act

U.S. laws and regulations, including the Holding Foreign Companies Accountable Act, or HFCAA, may restrict or eliminate our ability to complete a business combination with certain companies, particularly those acquisition candidates with substantial operations in China.

On March 24, 2021, the SEC adopted interim final rules relating to the implementation of certain disclosure and documentation requirements of the HFCAA. An identified issuer will be required to comply with these rules if the SEC identifies it as having a “non-inspection” year under a process to be subsequently established by the SEC. On June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act, and on December 29, 2022, legislation entitled “Consolidated Appropriations Act, 2023” (the “Cons