Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 4

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 3
Chunk 4
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 in
mainland China and they have received all required permissions from Chinese authorities to operate its current business in China, including
Business License, EDI (Electronic Data Interchange) Certificate, Retail License for Alcoholic Products, Food Business License and International
Trade Business Filing Form. Other than these permits, the VIE is not required to obtain permit and approval from Chinese authorities to
operate our business. We, our subsidiaries, or VIE are not covered by permissions requirements from the China Securities Regulatory Commission
(CSRC), Cyberspace Administration of China (CAC) or any other governmental agency that is required to approve the VIE’s business
and operations. As the VIE operates an e-commerce platforms for online-to-offline sales of cosmetics, health and nutritional supplements
and household products in China and our products and services do not pose national security risks, based on the advice of our PRC counsel
Jiangsu Yiyou Tianyuan Law Firm, we are not subject to the report requirement under Cybersecurity Review Measures published by Cyberspace
Administration of China, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public
Security, Ministry of State Security, Ministry of Finance, Ministry of Commerce, People’s Bank of China, State Administration of
Radio and Television, China Securities Regulatory Commission, State Secrecy Administration and State Cryptography Administration on December
28, 2021, which became effective on February 15, 2022.

As of the date of this report, we (1) are not
required to obtain permissions from any PRC authorities to issue our securities to foreign investors except for the filing requirement
under New Overseas Listing Rules, (2) are not subject to permission requirements from China Securities Regulatory Commission (the “ CSRC”),
Cyberspace Administration of China (“ 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. Given the current PRC regulatory