Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 5

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 5
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 CSRC, the Ministry of Finance, the National Administration of State Secretes Protection and
the National Archives Administration released the Provisions on Strengthening the Confidentiality and Archives Administration Related
to the Overseas Securities Offering and Listing by Domestic Companies, or the Confidentiality and Archives Administration Provisions,
which took effect on March 31, 2023. Chinese domestic enterprises seeking to offer securities and list on overseas markets, either directly
or indirectly, shall establish and improve the system of confidentiality and archives work, and shall complete approval and filing procedures
with competent authorities, if such PRC domestic enterprises or their overseas listing entities provide or publicly disclose documents
or materials involving state secrets and work secrets of state organs to relevant securities companies, securities service institutions,
overseas regulatory agencies and other entities and individuals. It further stipulates that (i) providing or publicly disclosing documents
and materials which may adversely affect national security or public interests, and accounting records or photocopies thereof to relevant
securities companies, securities service institutions, overseas regulatory agencies and other entities and individuals shall be subject
to corresponding procedures in accordance with relevant laws and regulations; and (ii) any working papers formed in the territory of the
PRC by securities companies and securities service agencies that provide domestic enterprises with securities services relating to overseas
securities issuance and listing shall be stored in the territory of the PRC, the outbound transfer of which shall be subject to corresponding
procedures in accordance with relevant laws and regulations. As advised by our PRC counsel, Jiangsu Yiyou Tianyuan Law Firm, our offerings
will be subject to the New Overseas Listing Rules. However, there are uncertainties in the interpretation and enforcement of these new
laws and guidelines, which could materially and adversely impact our business and financial outlook and may impact our ability to accept
foreign investments or continue to list on a U.S. or other foreign exchange. Any change in foreign investment regulations, and other policies
in China or related enforcement actions by China government could result in a material change in our operations and the value of our securities
and could significantly limit or completely hinder our ability to offer our securities to investors or cause the value of our securities
to significantly decline or be worthless.

The Holding Foreign Companies Accountable Act,
or the HFCA Act, was enacted on December 18, 2020. In accordance with the HFCA Act, trading in securities of any registrant on a
national securities exchange or in the over-the-counter trading market in the United States may be