Company: JWEL
Filing Date: 2025-08-26
Form Type: F-3
Source: 0001213900-25-080759
Chunk: 4

Company: Jowell Global Ltd.
Filing Date: 2025-08-26
Form: F-3
Chunk 4
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. On July 7, 2022, CAC promulgated
the Measures for the Security Assessment of Data Cross-border Transfer, effective on September 1, 2022, which requires the data processors
to apply for data cross-border security assessment coordinated by the CAC under certain circumstances. On March 22, 2024, CAC promulgated
the Provisions on Promoting and Regulating Cross-Border Transfer of Data, effective on the same date, which amended the circumstances
under which the data processors are required to apply for data cross-border security assessment as follows: (i) any critical information
infrastructure operator provides personal information or important data to overseas; or (ii) any data processor other than critical information
infrastructure operator provides important data to overseas, or has provided personal information (not including sensitive personal information)
of more than 1,000,000 people or sensitive personal information of more than 10,000 people to overseas since January 1st of the current
year. On February 17, 2023, the CSRC released the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic
Enterprises (the “New Overseas Listing Rules”) with five interpretive guidelines, which took effect on March 31, 2023. Pursuant
to the New Overseas Listing Rules, domestic companies that seek initial public offering or listing securities overseas, both directly
and indirectly, shall file with the CSRC within three working days after the submission of overseas offering/listing application. Furthermore,
upon the occurrence of any of the material events specified below after an issuer has completed its offering and listed its securities
on an overseas stock exchange, the issuer shall submit a report thereof to the CSRC within 3 working days after the occurrence and public
disclosure of the event: (i) change of control; (ii) investigations or sanctions imposed by overseas securities regulatory agencies or
other competent authorities; (iii) change of listing status or transfer of listing segment; or (iv) voluntary or mandatory delisting. The
New Overseas Listing Rules stipulate the legal consequences to the companies for breaches, including failure to fulfill filing obligations
or filing documents having false statement or misleading information or material omissions, which may result in a fine ranging from RMB
1 million to RMB 10 million, and in cases of severe violations, the relevant responsible persons may also be barred from entering the
securities market. On February 24, 2023, the