XIAMEN, China, March 14,
2024 /PRNewswire/ -- Lichen China Limited (the
"Company" or "Lichen China")(NASDAQ:LICN), a dedicated financial
and taxation service provider in China, today announced its
expansion into international markets. Lichen China
established its subsidiary in Singapore ("Lichen Singapore")
in December 2023 and has now officially started
operations.
Mr. Li Ya, Chairman of Lichen China, stated, "In the
initial phase of Lichen China's internationalization strategy,
we will focus on Singapore,
gradually introducing top international talents from the industry,
and expanding our reach into Southeast Asia, continuously expanding our
overseas footprint. The Company has appointed
Robert Bodenstein, Chair of the International Council of
Management Consulting Institutes (ICMCI), as its new
independent director, as the first step. Over the past
few years, as the Company has deepened its
collaborations with numerous large enterprises and
multinational corporations, we have increasingly felt the potential
of international business. Moving forward, the company will
focus on building global delivery capabilities, enhancing
solution capabilities, and fostering partnerships within our
ecosystem. Recently, the Company has entered into an agreement
with the Singa-Sino Economic & Cultural
Exchange Association, an association dedicated to
studying the historical and current exchange of economic and
cultural interactions between China and Singapore, becoming an important member of the
association, jointly providing convenient financial, taxation,
enterprise management, and informatization services to its members.
The establishment of Lichen Singapore is a crucial step in the
Company's internationalization strategy. The company will fully
utilize its superior financial system and geographical location to
obtain more opportunities and competitive advantages, and serve as
a valuable resource for Chinese companies expanding globally and
international firms investing in China."
About Lichen China Limited
Lichen China Limited focuses on providing financial and taxation
solution services, education support services, and software and
maintenance services under its "Lichen" brand. In recognition of
the Company's expertise and experience in the financial and
taxation solution services industry for over 18 years, the Company
has built up its reputation as a dedicated financial and taxation
solution services provider of professional and high-quality
services in China. For more information, please visit the
Company's website: https://ir.lichenzx.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements, including, but not limited to, the Company's use of
proceeds from the Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can identify these
forward-looking statements by words or phrases such
as "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend," "expect," or similar expressions. The
Company undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC.
For investor and media inquiries, please contact:
Tian Sun
Phone: +86-592-5586999
Email: ir@lichenzx.com
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SOURCE Lichen China Limited
