Lichen International Ltd
For the period ended Jun 30, 2025. Filed Sep 19, 2025.
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Jun 30, 2025 · Filed Sep 19, 2025
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EX-99.2 · Statutory surplus reserves
Statutory surplus reserves
The Company’s PRC subsidiaries are required to allocate at least 10% of their after-tax profit to the general reserve in accordance with the PRC accounting standards and regulations. The allocation to the general reserve will cease if such reserve has reached 50% of the registered capital of respective company. These reserves can only be used for specific purposes and are not transferable to the Company in the form of loans, advances, or cash dividends. There is no such regulation of providing statutory reserve in Hong Kong.
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