Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 90

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 90
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 to complete.” See page 18. |

| ● | “PRC regulation of loans to and direct investment in                                                                                     
 PRC entities by offshore holding companies to PRC entities may delay or prevent us from making loans or additional capital contributions 
 to our PRC operating subsidiaries.” See page 19.                                                                                         |

| ● | “Adverse changes in political and economic policies                                                                                   
 of the PRC government could have a material adverse effect on the overall economic growth of China, which could reduce the demand for 
 our products and services and materially and adversely affect our competitive position.” See page 19.                                 |

| ● | “We may become subject to a variety of laws and regulations                                                                            
 in the PRC regarding privacy, data security, cybersecurity, and data protection. We may be liable for improper use or appropriation of 
 personal information provided by our customers.” See page 25.                                                                          |

| ● | “Trading in our securities may be prohibited under                                                                                         
 the HFCAA and as a result an exchange may determine to delist our securities if it is later determined that the PCAOB is unable to inspect 
 or investigate completely our auditor because of a position taken by an authority in a foreign jurisdiction.” See page 31.                 |

| ● | “The recent joint statement by the SEC and PCAOB, proposed                                                                              
 rule changes submitted by Nasdaq, and the Holding Foreign Companies Accountable Act all call for additional and more stringent criteria 
 to be applied to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors         
 who are not inspected by the PCAOB. These developments could add uncertainties to our offering.” See page 29.                           |

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| ● | “The approval of the China Securities Regulatory Commission                                                                             
 may be required in connection with this offering, and, if required, we cannot predict whether we will be able to obtain such approval.” 
 See page 31.                                                                                                                            |

| ● | “To                                                                                                                                   
 the extent cash or assets in the business is in the PRC or Hong Kong or a PRC or Hong Kong entity, the funds or assets may            
 not be available to fund operations or for other use outside of the PRC or Hong Kong due to interventions in or the imposition of     
 restrictions and limitations on the ability of us or our subsidiaries by the PRC government to transfer cash or assets.” See page 24. |

Implications of Being an Emerging Growth Company We qualify as and elect to be an