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Lichen China Limited Acquires Remaining Equity in Bondly Enterprises to Strengthen AI Development and Business Integration

1. Lichen China completed acquisition of 40% of Bondly, enhancing its service portfolio. 2. This full acquisition integrates Bondly's AI technologies, increasing operational efficiency.

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FAQ

Why Bullish?

Acquiring Bondly could enhance LICN’s capabilities, boosting investor confidence, similar to growth seen post-acquisitions in tech firms.

How important is it?

This acquisition signals a strategic shift for LICN, making it highly significant for future earnings.

Why Long Term?

The integration of AI technologies will take time to yield benefits, reflecting long-term growth strategies.

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BONDLICN
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.

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