Lichen International Divests Loss-Making Education Unit

Lichen International Limited has entered into a share transfer agreement to divest its indirect wholly-owned subsidiary, Legend Consulting Limited, and its subsidiary, Xiamen Bondly Management and Consulting Company Limited (collectively, the "Target"). The decision to divest the Target, which is engaged in the professional education business, was made because it had incurred significant losses and had negative shareholders' equity as of August 31, 2026. The board of directors approved the transaction on October 7, 2026, believing it is in the best interest of the Company and its shareholders by eliminating ongoing losses and allowing a focus on core businesses. The shares were transferred for a nominal amount of one Hong Kong dollar.