Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 33

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 4
Chunk 33
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 operator’s websites may be ordered to be closed. If
there is illegal income, the illegal income shall be confiscated. A fine ranging from three to five times the amount of the illegal income;
if there is no illegal income or the illegal income is less than RMB 50,000, a fine ranging from RMB 100,000 to RMB1,000,000 shall be
imposed; if the circumstances are serious, and the website shall be closed. If such operations disrupt the order of the telecommunications
market and constitute a criminal offence, criminal liability shall be pursued in accordance with the law. In addition to the requirement
to be approved as an EDI, in 2017 the MIIT published Order No. 321, which requires an EDI to submit annual report starting in 2021. The
Company has submitted and passed current annual report for 2024.

E-Commerce Law of the PRC

On January 26, 2014, the State Administration
for Industry and Commerce, or the SAIC (which is the predecessor of the State Administration for Market Regulation) promulgated the Administrative
Measures for Online Trading, or the Online Trading Measures, which became effective on March 15, 2014, to regulate all operating
activities for product sales and services provision via the internet (including mobile internet). It stipulates the obligations of online
products operators and services providers and certain special requirements applicable to third-party platform operators, and was replaced
on May 1, 2021 by theRegulatory and Administrative Measures for Online Trading, as promulgated by the SAMR on March 15, 2021.
Furthermore, MOFCOM promulgated theProvisions on the Procedures for Formulating Transaction Rules of Third-Party Online Retail Platforms
(Trial)on December 24, 2014, which became effective on April 1, 2015, to guide and regulate the formulation, revision and
enforcement of transaction rules by online retail third-party platforms operators. These measures impose more stringent requirements and
obligations on third-party platform operators. For example, third-party platform operators are obligated to make their transaction rules
publicly available and file them with MOFCOM or their respective provincial counterparts, examine and register the legal status of each
third-party merchant selling products or services on their platforms and display on a prominent location of the merchant’s webpage
the information stated in the merchant’s business license or a link to its business license. Where third