Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 139

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 139
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 regulator to directly conduct investigation or evidence collection activities within China may
further increase the difficulties faced by you in protecting your interests.

You may face difficulties in protecting your interests and exercising your rights as a shareholder since we conduct substantially all of our operations in China, and all of our officers and directors reside outside the U.S.

Although we are incorporated in the Cayman Islands,
we conduct substantially all of our operations in China. All of our current officers and all of our directors reside outside the U.S. and
substantially all of the assets of those persons are located outside of the U.S. It may be difficult for you to conduct due diligence
on the Company or such directors in your election of the directors and attend shareholders meeting if the meeting is held in China. We
plan to have one shareholder meeting each year at a location to be determined, potentially in China. As a result of all of the above,
our public shareholders may have more difficulty in protecting their interests through actions against our management, directors or major
shareholders than would shareholders of a corporation doing business entirely or predominantly within the U.S.

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Our financial and operating performance may be adversely affected by general economic conditions, natural catastrophic events, epidemics, and public health crises that impact the metaverse industry.

Our operating results will be subject to fluctuations
based on general economic conditions, in particular those conditions that impact the metaverse industry. Deterioration in economic conditions
could cause decreases in both volume and reduce and/or negatively impact our short-term ability to grow our revenues. Further, any decreased
collectability of accounts receivable or early termination of agreements due to deterioration in economic conditions could negatively
impact our results of operations.

Our business is subject to the impact of natural
catastrophic events such as earthquakes, floods or power outages, political crises such as terrorism or war, and public health crises,
such as disease outbreaks, epidemics, or pandemics in the U.S. and global economies, our markets and business locations. Currently, the
rapid spread of coronavirus (COVID-19) globally has resulted in increased travel restrictions and disruption and shutdown of
businesses. Our buyers may experience financial distress, file for bankruptcy protection, go out of business, or suffer disruptions in
their business due to the coronavirus outbreak; as a result, our revenues may be impacted. The extent to which the coronavirus impacts
our results will depend on future developments, which are highly uncertain and will include emerging information concerning the