Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 6

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 6
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 prohibited if the PCAOB determines
that it cannot inspect or fully investigate the registrant’s auditor for three consecutive years beginning in 2021, and, as a result,
an exchange may determine to delist the securities of such registrant. On December 29, 2022, a legislation entitled “Consolidated
Appropriations Act, 2023” (the “Consolidated Appropriations Act”) was signed into law by President Biden, which has
shortened the Holding Foreign Companies Accountable Act’s timeline for a potential trading prohibition from three years to two years,
thus reducing the time period before our securities may be prohibited from trading or delisted if our auditor is unable to meet the PCAOB
inspection requirement. The Company’s current auditor is headquartered in the Singapore and it is not subject to the determinations
announced by the PCAOB on December 16, 2021, which determinations were vacated on December 15, 2022, and Holding Foreign Companies Accountable
Act and related regulations currently do not affect the Company as the Company’s auditor is subject to PCAOB’s inspection.

We are a holding company incorporated in the Cayman
Islands. As a holding company with no material operations of our own, we conduct a substantial majority of our business through the operating
VIE in China. The securities offered in this prospectus are securities of our Cayman Islands holding company, and we do not have any equity
ownership of the VIE, instead we are the primary beneficiary and receive the economic benefits of the VIE’s business operations
through certain contractual arrangements to consolidate financial results of the VIE in our financial statements because we have satisfied
conditions for consolidation of the VIE under U.S. GAAP, pursuant to which Shanghai Juhao is considered a VIE under the Statement of Financial
Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810 “Consolidation”,
because the equity investments in Shanghai Juhao no longer have the characteristics of a controlling financial interest, and the Company,
through Jowell Shanghai, is the primary beneficiary of Shanghai Juhao. A VIE is an entity that either has a total equity investment that
is insufficient to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics
of a controlling financial interest, such as through voting rights, right to receive the expected residual returns of the entity. The
variable interest holder, if any, that has a controlling financial interest