Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 19

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 19
---
 As
the VIE operates an e-commerce platforms for online-to-offline sales of cosmetics, health and nutritional supplements and household products
in China and our products and services do not pose national security risks, and as we were listed on NASDAQ before the provision of Cybersecurity
Review Measures that Online Platform Operators in possession of personal information of more than 1,000,000 users shall be subject to
the cybersecurity review by the Cybersecurity Review Office before listing overseas (“the Million-Users-Listing Rule”) became
effective, given that Cybersecurity Review Measures do not expressly provides that the Million-Users-Listing Rule has a retroactive force,
it is less likely that we are subject to the report requirement under Cybersecurity Review Measures published by Cyberspace Administration
of China, 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 on December 28, 2021, which
became effective on February 15, 2022. However, based on the advice of our PRC counsel Jiangsu Yiyou Tianyuan Law Firm, there are uncertainties
in the interpretation and enforcement of Cybersecurity Review Measures; it is uncertain whether we, our PRC subsidiaries and the VIE are
completely waived from the Million-Users-Listing Rule and the obligation to file for the cybersecurity review of CAC. If we, our subsidiaries,
or the VIE is required and fails to pass the cybersecurity review, it could significantly limit or completely hinder our ability to offer
or continue to offer our securities to investors and cause the value of our securities to significantly decline or become worthless and
could result in a material and negative impact on our business operations, including fines or penalties imposed by the relevant PRC regulatory
authority, revocation our subsidiaries’ business licenses and suspension of their respective business operations.

As of the date of this prospectus, we, VIE and our subsidiaries (1)
are not required to obtain permissions from any PRC authorities to issue our securities being registered for sale to foreign investors
other than the filing requirement with CSRC within three business days after we make any oversea securities offering under New Overseas
Listing Rules, (2) are not subject to permission requirements from China Securities Regulatory Commission (the “CSRC”), Cyberspace
Administration of China (“