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

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 3
---

and having our operations in China. The PRC government has initiated a series of regulatory actions and statements to regulate business
operations in China with little advance notice, including cracking down on illegal activities in the securities market, enhancing supervision
over China-based companies listed overseas using variable interest entity structure, adopting new measures to extend the scope of cybersecurity
reviews, and expanding the efforts in anti-monopoly enforcement. On July 6, 2021, the General Office of the Communist Party of China Central
Committee and the General Office of the State Council jointly issued an announcement to crack down on illegal activities in the securities
market and promote the high-quality development of the capital market, which, among other things, requires the relevant governmental authorities
to strengthen cross-border oversight of law-enforcement and judicial cooperation, to enhance supervision over China-based companies listed
overseas, and to establish and improve the system of extraterritorial application of the PRC securities laws. On February 15, 2022, Cybersecurity
Review Measures published by Cyberspace Administration of China or the CAC, National Development and Reform Commission, Ministry of Industry
and Information Technology, Ministry of Public Security, Ministry of State Security, Ministry of Finance, Ministry of Commerce, People’s
Bank of China, State Administration of Radio and Television, China Securities Regulatory Commission, State Secrecy Administration and
State Cryptography Administration became effective, which provides that, Critical Information Infrastructure Operators (“CIIOs”)
that intend to purchase internet products and services and Online Platform Operators engaging in data processing activities that affect
or may affect national security shall be subject to the cybersecurity review by the Cybersecurity Review Office. On September 24, 2024,
the State Council published the Administration Measures for Cyber Date Security, or the “Cyber Data Security Measure”, which
requires cyber data processors to file a national security review if their cyber data processing activities affect or may affect national
security. On February 24, 2023, the CSRC released the Provisions on Strengthening Confidentiality and Archives Administration of Overseas
Securities Offering and Listing by Domestic Companies, which became effective on March 31, 2023 and provide that a domestic company that
seeks to offer and list its securities in a overseas market shall strictly abide by applicable PRC laws and regulations, enhance legal
awareness of keeping state secrets and strengthening archives administration, institute a sound confidentiality and archives administration
system, and take necessary measures to fulfill confidentiality and archives administration obligations