Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 115

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 15
Chunk 115
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 one material weakness in our internal
control over financial reporting. As defined in the standards established by the U. S. Public Company Accounting Oversight Board, a “material
weakness” is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable
possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis,
in accordance with the standards established by the Public Company Accounting Oversight Board of the United States.

The material weakness identified relates to:
our lack of in-house accounting personnel with appropriate knowledge of U. S. GAAP and SEC reporting requirements to prepare and
review financial statements and related disclosures in accordance with U. S. GAAP and applicable requirements by
SEC.

To remedy our identified material weakness
identified to date, we will hire accountants who have extensive experience in US GAAP and SEC reporting to join us in proper
opportunity.

However, we cannot assure you that we will remediate
our material weaknesses in a timely manner, or at all. See “ Item 3. Key Information - Risk Factors - Risks Related to
Our Business - We are obligated to develop and maintain proper and effective internal control over financial reporting. We may not
complete our analysis of our internal control over financial reporting in a timely manner, or these internal controls may not be determined
to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our Ordinary Shares.”

As a company with less than US$1.235 billion in
revenue for our last fiscal year, we qualify as an “emerging growth company” pursuant to the JOBS Act. An emerging growth
company may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally to public companies.
These provisions include exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley Act of 2002 in
the assessment of the emerging growth company’s internal control over financial reporting.

Attestation Report of the Registered Public
Accounting Firm

As a company with less than $1.235 billion in
revenue for our last fiscal year, we qualify as an “emerging growth company” pursuant to the JOBS Act. An emerging growth
company may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally to public companies.
These provisions include exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley Act of