Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 60

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 60
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 eliminate the right of shareholders to act by written consent by amendment to its certificate of incorporation. Our articles of association
provide that shareholders may approve corporate matters by way of a unanimous written resolution signed by or on behalf of each shareholder
who would have been entitled to vote on such matter at a general meeting without a meeting being held.

Shareholder Proposals

Under the Delaware corporate law, a shareholder
has the right to put any proposal before the annual meeting of shareholders, provided it complies with the notice provisions in the governing
documents. A special meeting may be called by the Board of Directors or any other person authorized to do so in the governing documents,
but shareholders may be precluded from calling special meetings. The Cayman Islands Companies Act does not provide shareholders of a Cayman
exempted company with any rights to requisition a general meeting nor any right to put any proposal before a general meeting. However,
these rights may be provided in articles of association. Our articles of association allow our shareholders holding 10% or more of the
paid-up capital of the Company to requisition a general meeting. Other than this right to requisition a general meeting, our articles
of association do not provide our shareholders other right to put a proposal before a meeting. As an exempted Cayman Islands company,
we are not obliged by law to call shareholders’ annual general meetings unless expressly provided under the articles of association.

Cumulative Voting

Under the Delaware corporate law, cumulative voting
for elections of directors is not permitted unless the corporation’s certificate of incorporation specifically provides for it.
Cumulative voting potentially facilitates the representation of minority shareholders on a Board of Directors since it permits the minority
shareholder to cast all the votes to which the shareholder is entitled on a single director, which increases the shareholder’s voting
power with respect to electing such director. There are no prohibitions in relation to cumulative voting under the Cayman Islands Companies
Act but our articles of association do not provide for cumulative voting.

Removal of Directors

Under the Delaware corporate law, a director of
a corporation may be removed with the approval of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation
provides otherwise. Under our articles of association, directors may be removed with or without cause, by an ordinary resolution of our
shareholders.

Transactions with Interested Shareholders

The Delaware corporate law contains a business
combination statute applicable to Delaware corporations whereby, unless the corporation has specifically elected not to be governed by
such statute by amendment to its