Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 14

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 4
Chunk 14
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”)
and its shareholders identified on the signature pages thereto (the “ Existing Shareholders”). Mr. Zhiwei Xu, then Chairman
of the Board of Directors and Chief Executive Officer of the Company is also the Chairman of the Board of Directors of Hongrun. Jiangsu
Longrich Group Co., Ltd., the largest shareholder of Hongrun is also a related party of the Company. Pursuant to the Agreement, Shanghai
Juhao contributed RMB 30 million (approximately $4.6 million) to Hongrun (the “ Investment”) for 18.96% equity interest of
Hongrun. Hongrun and Existing Shareholders agree the Investment will only be used for making loans to the owners of
Juhao Best Choice Stores for their business development and expansion. Juhao Best Choice Stores are the
community group-buying franchise stores launched by Shanghai Juhao in April 2021.

On June 13, 2022, the Company entered into securities
purchase agreements with six investors (“ Investors”), pursuant to which the Company agreed to sell to the Investors in private
placements of 5,230,000 ordinary shares of the Company at a purchase price of $1.20 per share for an aggregate offering price of $6,276,000.

On October 11, 2022, the Company entered into
a securities purchase agreement with five purchasers, who are the product distributors and business partners of the Company in China.
Pursuant to the agreement, the Company sold to them in a registered direct offering, an aggregate of 2,576,600 ordinary shares of the
Company at a purchase price of $1.40 per share, for aggregate proceeds to the Company of $3,607,240. The shares were offered and sold
by the Company pursuant to an effective shelf registration statement on Form F-3, which declared effective on August 31, 2022 (File No.
333-264109).

The share numbers for the public offering, private
placement and registered direct offering are all pre-Share Consolidation numbers.

Our principal executive offices are located at
2nd Floor, No. 285 Jiangpu Road, Yangpu District, Shanghai, China 200082. Our telephone number at this address is +86-21-5521-01874. Our
registered office in the Cayman Islands is located at P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-