Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 10

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 10
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during the fiscal years ended December 31, 2021; and (5) the holding company loaned US$4,221,549 to VIE to pay for expenses during the
fiscal years ended December 31, 2024. See “Selected Condensed Consolidated Financial Schedule of the Company and Its Subsidiaries and VIE”, “Dividend Distribution and Cash Transfer Between the Holding Company, Subsidiary and VIE”and
“Risk Factor - We rely on contractual arrangements with the VIE and the shareholders of the VIE for our business operations, which may not be as effective as direct ownership in providing operational control” in our annual report on Form 20-F for the year ended December 31, 2024, which is incorporated in this prospectus by reference.

The Company, JWEL, the Registrant,
the holding company, we, us, our company, and our are referred to Jowell Global Ltd. (“Jowell Global”), a holding company
incorporated under the laws of the Cayman Islands. We currently conduct our business through the VIE Shanghai Juhao Information Technology
Co., Ltd. (“Shanghai Juhao”) in China. Shanghai Juhao and its shareholders entered into a series of contractual arrangements
with Shanghai Jowell Information Technology Co., Ltd. (“WFOE” or “Jowell Shanghai”), a company incorporated in
China and a wholly owned subsidiary of Jowell Technology Limited (“Jowell HK”), which is a holding company incorporated in
Hong Kong and a wholly owned subsidiary of Jowell Global.

As a holding company, we may
rely on dividends and other distributions on equity paid by our subsidiaries in Hong Kong and China for our cash and financing requirements.
If any of our Hong Kong and Chinese subsidiaries incurs debt on its own behalf in the future, the instruments governing such debt may
restrict their ability to pay dividends to us. However, neither any of our subsidiaries or the VIE has made any dividends or other distributions
to our holding company or any U.S. investors as of the date of this prospectus. In the future, cash proceeds raised from overseas financing
activities, including this offering, may be transferred by us to our Hong Kong subsidiary and WFOE via capital contribution or shareholder
loans, as the case may be.

Our Ordinary Shares are listed
on the Nasdaq Capital Market under the symbol “JWEL.” The applicable prospectus supplement will contain information, where
applicable, as