Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 16

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 16
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 product
categories: cosmetic products, health and nutritional supplements and household products. Other than the revenue from product sales, we
also earn service fees charged to third-party merchants for using our platform, which was immaterial.

For the fiscal year
ended December 31, 2024, approximately $36.3 million, or 27.3%, of our revenue were generated from the sales of cosmetic products, approximately
$33.6 million, or 25.2%, of our revenue were generated from the sales of health and nutritional supplements and $62.8 million, or 47.2%,
of our revenue were generated from the sales of household products.

For the fiscal year ended
December 31, 2023, approximately $55.1 million, or 34.4%, of our revenue were generated from the sales of cosmetic products, approximately
$22.6 million, or 14.1%, of our revenue were generated from the sales of health and nutritional supplements and $81.8 million, or 51.1%,
of our revenue were generated from the sales of household products.

For the fiscal year ended
December 31, 2022, approximately $99.3 million, or 47.3%, of our revenue were generated from the sales of cosmetic products, approximately
$39.9 million or 19% of our revenue were generated from the sales of health and nutritional supplements and $70.6 million or 33.6% of
our revenue were generated from the sales of household products.

On October 25, 2023, the shareholders
of the Company held an extraordinary general meeting (the “Meeting”) and approved by an ordinary resolution of a share consolidation
(the “Share Consolidation”) that (i) every sixteen (16) issued and unissued ordinary shares of the Company, par value $0.0001
each (the “Ordinary Shares”) be consolidated into one (1) ordinary share par value $0.0016 each and (ii) every sixteen (16)
issued and unissued preferred shares of the Company, par value $0.0001 each (the “Preferred Shares”) be consolidated into
one (1) preferred share, par value $0.0016 each. Immediately following the Share Consolidation, the shareholders of the Company approved
by an ordinary resolution of share capital increase that the authorized share capital of the Company be increased to $800,000 divided
into 500,000,000 shares of which