Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 17

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 17
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 (x) 450,000,000 shares are designated as ordinary shares with a nominal or par value of $0.0016 per share,
and (y) 50,000,000 shares are designated as preferred shares with a nominal or par value of $0.0016 per share (the “Share Capital
Increase”). At the Meeting, the shareholders of the Company also approved by a special resolution the third amended and restated
memorandum and articles of association of the Company to reflect the Share Consolidation and the Share Capital Increase. The Share Consolidation
is primarily being effectuated to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) related to the minimum bid price per share
of the Company’s ordinary shares.

We are a holding company incorporated
in the Cayman Islands. Our securities offered in this prospectus are securities of our Cayman Islands holding company. As a holding company
with no material operations of our own, we conduct our business through the VIE in China. VIE structure is used to provide investors with
exposure to foreign investment in China-based companies where the business of the operating companies in China might be prohibited or
restricted for foreign investment now or in the future. The business operations of Shanghai Juhao include value-added telecommunication
services and foreign ownership of value-added telecommunications services is subject to restrictions under current PRC laws and regulations
which prohibit foreign investment to own more than 50% equity interest of the value-added telecommunication companies and will prevent
the holding company consolidating the financial results of such entities under equity ownership structure. Investors of our ordinary shares
will not own any equity interests in the VIE and may never hold equity interests in our Chinese operating company, but instead own shares
of a Cayman Islands holding company. Neither we nor our subsidiaries own any shares in the VIE, Shanghai Juhao. Instead, we are the primary
beneficiary and receive the economic benefits of the business operations of Shanghai Juhao through a series of contractual arrangements
(the “VIE Agreements”). We evaluated the guidance in FASB ASC 810 and determined that Shanghai Juhao is a VIE. A VIE is an
entity that has either a total equity investment that is insufficient to permit the entity to finance its activities without additional
subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest, such as through
voting rights, right to receive the expected residual returns of the entity or obligation to absorb