Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 20

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 20
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CAC”) or any other authority that is required to approve of the VIE’s operations, and
(3) have not received or were denied such permissions by any PRC authorities. Nevertheless, the General Office of the Central Committee
of the Communist Party of China and the General Office of the State Council jointly issued the “Opinions on Severely Cracking Down
on Illegal Securities Activities According to Law,” or the Opinions, which were made available to the public on July 6, 2021. The
Opinions emphasized the need to strengthen the administration over illegal securities activities, and the need to strengthen the supervision
over overseas listings by Chinese companies. On February 17, 2023, the CSRC released the New Overseas Listing Rules with five interpretive
guidelines, which took effect on March 31, 2023. The New Overseas Listing Rules require Chinese domestic enterprises to complete filings
with relevant governmental authorities and report related information under certain circumstances, such as: a) an issuer making an application
for initial public offering and listing in an overseas market; b) an issuer making an overseas securities offering after having been listed
on an overseas market; c) a domestic company seeking an overseas direct or indirect listing of its assets through single or multiple acquisition(s),
share swap, transfer of shares or other means. Pursuant to the New Overseas Listing Rules, domestic companies that seek initial public
offering or listing securities overseas, both directly and indirectly, shall file with the CSRC within three working days after the submission
of overseas offering/listing application. Furthermore, upon the occurrence of any of the material events specified below after an issuer
has completed its offering and listed its securities on an overseas stock exchange, the issuer shall submit a report thereof to the CSRC
within three working days after the occurrence and public disclosure of the event: (i) change of control; (ii) investigations or sanctions
imposed by overseas securities regulatory agencies or other competent authorities; (iii) change of listing status or transfer of listing
segment; or (iv) voluntary or mandatory delisting. The New Overseas Listing Rules stipulate the legal consequences to the companies for
breaches, including failure to fulfil filing obligations or filing documents having false statement or misleading information or material
omissions, which may result in a fine ranging from RMB 1 million to RMB 10 million, and in cases of severe violations, the relevant responsible
persons may also be barred from entering the securities market. We