Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 108

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 8
Chunk 108
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ITEM 8. FINANCIAL INFORMATION

Consolidated Statements and Other Financial
Information

The financial statements required by this item
may be found at the end of this Annual Report on 20-F, beginning on page F-1.

Legal Proceedings

We are currently not involved in any material
legal or administrative proceedings. From time to time, we may be subject to various legal or administrative claims and proceedings arising
in the ordinary course of business. Such legal or administrative claims and proceedings, even if without merit, could result in the expenditure
of financial and management resources and potentially result in civil liability for damages.

Dividends

We have not declared or paid cash dividends since
the Company was incorporated in August 2019 in Cayman Island and we have no plan to declare or pay any dividends in the near future on
our ordinary shares. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand
our business.

We are a holding company incorporated in the Cayman
Islands. We rely principally on dividends from our PRC subsidiaries for our cash requirements, including any payment of dividends to our
shareholders. PRC regulations may restrict the ability of our PRC subsidiaries to pay dividends to us. See “ Item 4. B. Business
Overview - Regulations - Regulations on Dividend Distribution. ”

Our board of directors has discretion as to whether
to distribute dividends, subject to applicable laws. Even if our board of directors decides to pay dividends, the form, frequency and
amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual
restrictions and other factors that the board of directors may deem relevant. Cash dividends on our ordinary shares, if any, will be paid
in U. S. dollars.

No Significant Changes

Except as disclosed elsewhere in this annual report, no
other significant changes to our financial condition have occurred since the date of the annual financial statements contained herein.

ITEM 9. THE OFFER AND LISTING