Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 37

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 4
Chunk 37
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 approvals. Foreign investors are not allowed to invest in industries in the prohibited category. Industries
not listed in the Negative List are generally open to foreign investment unless specifically restricted by other PRC
regulations.

To comply with PRC laws and regulations, we rely
on contractual arrangements with the VIE to operate our e-commerce business in China. See “ Risk Factors - Risks Related to
Our Corporate Structure - We rely on contractual arrangements with the VIE and the shareholders of the VIE for our business operations,
which may not be as effective as direct ownership in providing operational control.”

Shanghai Juhao, the VIE, engages in e-commerce
retail and related services, including online data processing and transaction processing service, which are within the category in which
foreign investment is classified into License Category pursuant to the most recently published Negative List 2024 version. In addition,
we intend to centralize our management and operation in the PRC to avoid being restricted from conducting certain business activities
which are important for our current or future business but are currently restricted or might be restricted in the future. As such, we
believe the contractual arrangements between the WFOE and the VIE are necessary and essential for our business operations. These contractual
arrangements with the VIE and its shareholders enable us to exercise effective control over the variable interest entity and hence consolidate
its financial results.

Regulations Relating to Internet Information
Security and Privacy Protection

The PRC Constitution states that the PRC laws
protect the freedom and privacy of communications of citizens and prohibit infringement on such rights. PRC government authorities have
enacted laws and regulations with respect to internet information security and protection of personal information from any abuse or unauthorized
disclosure, which include theDecision of the Standing Committee of the National People’s Congress on Internet Security Protectionenacted and amended by the SCNPC on December 28, 2000 and August 27, 2009, respectively, theProvisions on the Technical
Measures for Internet Security Protectionissued by the Ministry of Public Security on January 13, 2006 and took effect on March 1,
2006, theDecision of the Standing Committee of the National People’s Congress on Strengthening Network Information Protectionpromulgated by the SCNPC on December 28, 2012, the Several Provisions on Regulating the Market Order of Internet Information Servicespromulgated by the MIIT on December 29, 2011, and the Provisions on Protection of Personal Information