XIAMEN,
China, Feb. 10, 2025 /PRNewswire/ -- Lichen
China Limited (the "Company" or "Lichen China") (NASDAQ: LICN), a
leading financial and taxation service provider in China, today announced the completion of its
acquisition of the remaining 40% equity interest in Bondly
Enterprises Limited ("Bondly"), a prominent domestic consulting
firm specializing in business process management and
informationization. This acquisition follows Lichen China's initial
purchase of 60% equity in Bondly in 2024, and marks a significant
step in Lichen China's strategy to fully integrate Bondly's
advanced technologies and AI capabilities into its operations.
The acquisition, valued at US$5,330,000, underscores Lichen China's
commitment to strengthening its foothold in the AI and technology
sectors. By acquiring the remaining 40% equity, Lichen China aims
to gain full control over Bondly's cutting-edge technologies and
highly skilled team, which are critical to the Company's future
growth and innovation in AI-driven solutions.
Bondly, founded by Mr. Zisu Zhou, a seasoned expert with 18
years of experience in process management and information
development, has established itself as a leader in business process
management and digital transformation. The company's proprietary
AWS BPM system enables seamless integration across applications,
departments, and business environments, enhancing operational
efficiency, transparency, and agility for its clients. Bondly's
expertise in AI development and its strong client base across
various industries make it a valuable asset for Lichen China's
expansion in the AI sector.
Mr. Ya Li, Chairman and CEO of Lichen China, commented on the
acquisition, "The acquisition of the remaining 40% equity in
Bondly is a strategic move that allows us to fully leverage
Bondly's technological expertise and AI capabilities. This
transaction not only strengthens our control over Bondly's
operations but also positions us to accelerate the development of
our AI-driven solutions, particularly our flagship product, the
Lichen AI Robot. We believe that Bondly's core technologies and
talented team will play a pivotal role in our future growth and
innovation."
With the completion of this transaction, Bondly becomes a
wholly-owned subsidiary of Lichen China, enabling deeper
integration of Bondly's technologies and services into Lichen
China's existing offerings. The synergies between the two companies
are expected to drive significant revenue growth and enhance Lichen
China's competitive edge in the financial, taxation, and AI
sectors.
About Lichen China Limited
Lichen China Limited is a leading provider of financial and
taxation solution services, education support services, and
software and maintenance services under its "Lichen" brand. With
over 18 years of expertise in the financial and taxation services
industry, the Company has built a strong reputation for delivering
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
expectations regarding the integration of Bondly's technologies and
the potential growth in AI-driven solutions. 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. 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