Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 173

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 173
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 following table presents revenue by major
merchandise categories for the years ended December 31, 2024, 2023 and 2022, respectively:

                                              For the years ended December 31,                                                                         
                                              2024                                                   2023                       2022                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cosmetic products (a)                       $                                      36,338,218      $          55,068,409      $          99,282,495  
  Health and nutritional supplements (b)                                             33,571,779                 22,612,877                 39,948,764  
  Household products (c)                                                             62,754,927                 81,783,445                 70,626,839  
  Others                                                                                316,607                    544,562                    123,208  
  Total                                       $                                     132,981,531      $         160,009,293      $         209,981,306  

  (a)      Cosmetic products mainly include products of lotion, skin care, oral care, shampoo, soap and fragrance.  

  (b)      Health and nutritional supplements are health care supplements such as vitamins, edible fungus, functional capsules, etc.  

  (c)      Household Products are consumer products, which mainly includes functional shoes, smartphones, cooking pot and tampons.  

All of the Company’s long-lived assets are
located in PRC. Majority of the Company’s merchandises are sold in PRC.

F-29

Note 17 - Commitments

Non-cancellable operating leases withinone year

The following table sets forth our contractual
obligations as of December 31, 2024:

                                                           Total        2025      2026  
  Operating lease commitments under lease agreements      $6,381      $5,599      $782  

Note 18 - Subsequent events

The Company has evaluated events subsequent to
the balance sheet date of December 31, 2024 through May 9, 2025, the issuance of the consolidated financial statement and did not identify
any other subsequent events with material financial impact on the Company’s consolidated financial statements.

Note 19 - Condensed financial information
of the parent company

Pursuant to the requirements of Rule 12-04(a),
5-04(c) and 4-08(e)(3) of Regulation S-X,