Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 71

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 71
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 market value of our Class A Ordinary Shares in any 12-month period so long as the aggregate market value of our voting and
non-voting common equity held by non-affiliates remains below $75,000,000. During the 12 calendar months prior to and including the date
of this prospectus, we have not offered or sold any securities pursuant to General Instruction I.B.5 of Form F-3.

Our Class A ordinary shares are traded on the
Nasdaq Capital Market under the symbol “LICN.” On February 20, 2024, the closing price of our Class A ordinary shares as reported
by the Nasdaq Capital Market was $1.30. The applicable prospectus supplement will contain information, where applicable, as to other listings,
if any, on the Nasdaq Capital Market or other securities exchange of the securities covered by the prospectus supplement. We may experience
price volatility in our stock. See related risk factors in the “Risk Factors” section of this prospectus and as set forth
in our most recent annual report on Form 20-F.

Unless otherwise specified in an applicable prospectus
supplement, our share purchase contracts, share purchase units, warrants, debt securities, rights and units will not be listed on any
securities or stock exchange or on any automated dealer quotation system.

Investors are cautioned that you are notbuying shares of a China-based operating company but instead are buying shares of a Cayman Islands holding company with operations conducted by our subsidiaries based in China and that this structure involves unique risks to investors.

This is an offering of the ordinary shares of the Cayman Islands holding company. We conduct our business through the PRC subsidiaries. You will not and may never have direct ownership in the operating entity based in China. We do not use a Variable Interest Entity (“VIE”) structure.

Throughout this prospectus, unless the context
indicates otherwise, references to “Lichen China”, “Lichen China Limited”, “we,” “us,”
the “Company,” “our company” refer to Lichen China Limited, a holding company. References to “Subsidiaries,”
“Operating Subsidiaries,” or “PRC subsidiaries” refer to the Lichen China Limited’s subsidiaries established
under the laws of the People’s Republic of China. References to “Group” are to Lichen China Limited and its consolidated
subsidiaries collectively.

Lichen China Limited is a Cayman Islands holding
company and is not a Chinese operating