XIAMEN,
China, March 25, 2024 /PRNewswire/ -- Lichen
China Limited (the "Company" or "Lichen China")(NASDAQ: LICN), a
dedicated financial and taxation service provider in China,
today announced the launch of AI-powered software - Lichen AI
Robot, which was developed on GPT-based technology.
Lichen AI Robot will serve as the Company's virtual financial
and tax advisor in the future, providing tailored financial and tax
solutions for individuals and enterprises.
Built based on national financial and tax regulations, financial
journals and papers, institutional documents, and policy
interpretations, Lichen AI Robot utilizes GPT's natural language
processing capabilities and leverages Lichen's deep expertise
in the financial field accumulated over the past twenty
years and over ten thousand customer service cases. It can
understand and answer various financial and tax related questions.
Users can interact with the robot through voice, text, and other
communication means. The system can provide personalized solutions
and recommendations based on user needs and questions, offering
one-stop financial and tax services.
Additionally, the Lichen AI Finance and Tax Robot can also be
used as a tool for Lichen's consultants, reducing the cost of
serving clients and improving the efficiency for the consultants in
providing solutions. It is expected to reduce human costs by more
than 15% for the Company.
Lichen AI Robot has the following key features:
1. Efficient and fast: The system can quickly answer various
financial and tax questions, improving user productivity.
2. Accurate and reliable: The system, based on GPT technology,
can understand and analyze complex financial and tax issues,
providing accurate solutions.
3. Personalized service: The system can provide personalized
solutions and recommendations based on user needs and
questions.
4. Intelligent learning: The system can continuously learn and
improve its answers, enhancing service quality.
Mr. Li Ya, Chairman of Lichen
China, said, " Currently, most of the AI-powered finance and
tax software in China are
used intelligently in application areas, such as bookkeeping, data
analysis, and tax authority Q&A. There is not yet a truly GPT
technology-based AI finance and tax system, which provides a huge
market opportunity for the growth of the Company.
The currently launched version of Lichen AI Robot 1.0 is
functioned to answer financial and tax questions and provide
financial and tax planning solutions. Specifically, it can achieve
real-time Q&A with accurate answers. It can automatically
generate financial and tax reports for daily finance personnel,
such as financial job descriptions, financial department plans and
summaries, while also providing solutions based on the inquirer's
questions, such as tax planning schemes, financial management
schemes and financial analysis schemes.
Lichen AI Robot is hoping to achieve more functions in the
future, including: financial status analysis, data prediction, risk
reminders, compliance reminders, management proposal generation and
etc. It will realize the connection of various financial data
of enterprises, analyze the financial status of the enterprises
through historical data and real-time data, predict future data
trends, prompt existing risks, provide non-compliance alert, and
generate management proposals as needed by the management at any
time.
After the launch of the Lichen AI Robot, it will bring about a
leap-forward development in the Company's future business.
Management expects that after the Lichen AI Robot is put
into market, there will be nearly one million targeted users
by the end of 2024. Assuming a conversion rate of 5%, it can bring
nearly 50,000 new customers to the Company.
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