Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 8

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 8
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 be converted into foreign currency and remitted out
of China to pay capital expenses such as the repayment of loans denominated in foreign currencies. The PRC government may also at its
discretion restrict access in the future to foreign currencies for current account transactions. For our Hong Kong subsidiary and the
holding company (“Non-PRC Entities”), there is no restrictions on foreign exchange for such entities and they are able to
transfer cash among these entities, across borders and to US investors. Also, there is no regulatory restrictions and limitations on the
abilities of Non-PRC Entities to distribute earnings from their businesses, including from subsidiaries to the parent company or from
the holding company to the U.S. investors as well as the abilities to settle amounts owed. However, to the extent cash/assets in the business
is in PRC/Hong Kong or our PRC/Hong Kong entity, the funds/assets may not be available to fund operations or for other use outside of
the PRC/Hong Kong due to interventions in or the imposition of restrictions and limitations on the ability of us, our subsidiaries, or
the consolidated VIE by the PRC government to transfer cash/assets. See “Dividend Distribution and Cash Transfer Between the Holding Company, Subsidiary and VIE.” and “Item 3. Key Information — 3.D. Risk Factors—Uncertainties and quick change in the interpretation and enforcement of Chinese laws and regulations with little advance notice could result in a material and negative impact our business operations, decrease the value of our securities and limit the legal protections available to you and us.” in our annual report on Form 20-F for the year ended December 31, 2024, which is incorporated in this prospectus by reference.
We are a holding company, and we may rely on dividends and other distributions on equity paid by our subsidiaries for our cash and financing
requirements, including the funds necessary to pay dividends and other cash distributions to our shareholders and service any debt we
may incur. If any of our subsidiaries incurs debt on its own behalf in the future, the instruments governing the debt may restrict its
ability to pay dividends or make other distributions to us. See “Item 3. Key Information — 3.D. Risk Factors— PRC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent us from using the proceeds of our offerings and financings in the U.S. to make loans to or make additional capital contributions