Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 34

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 4
Chunk 34
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-party platform operators
also conduct self-operation of products or services on the platform, these third-party platform operators must make a clear distinction
between their online direct sales and sales of products by third-party merchants on their third-party platforms to avoid misleading the
consumers.

On August 31, 2018, the Standing Committee
of the National People’s Congress of China (“ SCNPC”) promulgated theE-Commerce Law of the PRC, or the E-Commerce
Law, which became effective on January 1, 2019. The promulgation of the E-Commerce Law established the basic legal framework for
the development of China’s e-commerce business and clarified the obligations of the operators of e-commerce platforms and the possible
legal consequences if operators of e-commerce platforms are found to be in violation of legal obligations. For example, pursuant to the
E-Commerce Law, an operator of an e-commerce platform shall give appropriate reminders to and facilitate the business operators on its
platform who have not completed the formalities for the registration of market entities to complete such formalities. Also, an operator
of an e-commerce platform is legally obligated to verify and register the information of the business operators on its platform, prepare
emergency plans in response to possible cyber security incidents, keep the transaction information for no less than three years from the
date on which the transaction has been completed, establish rules on the protection of intellectual property rights and conform to the
principle of openness, fairness and justice. Violation of the provisions of the E-Commerce Law may result in being ordered to make corrections
within a prescribed period of time, confiscation of illegally obtained gains, fines, suspension of business, inclusion of such violations
in the credit records and possible civil liabilities.

The Company’s business operation is online
retail business which includes online data processing and transaction processing services; therefore, the-above E-Commerce laws and regulations
apply to the Company. We have set up all necessary formalities and requirements in accordance with applicable E-Commerce laws and regulations
for our customers and vendors who are using our E-Commerce platform and taken necessary measures and steps to keep us, our business partners
and customers in compliance with these laws and regulations.

Regulations Relating to Foreign Investment

The PRC Foreign Investment Law

On March 15, 2019, the National People’s
Congress approved the Foreign Investment Law, which has taken effect on January 1, 2020 and replaced three existing laws on foreign
invest