Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 100

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 6
Chunk 100
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 the Company, 3,500 shares to Tristan Kuo, a director of the Board of the Company, and 3,500 shares to Haitao Wang, a director
of the Board of the Company (collectively, the “ Grants”). The Grants vested immediately on the Grant Date and each of
the Grantees also entered into an Unrestricted Stock Award Agreement with the Company on April 11, 2022. As of May 14, 2024, the
Shares have been issued to the Grantees. The share numbers in this paragraph are all before our Share Consolidation numbers.

On June 30, 2022, the Compensation Committee approved
the grant of Restricted Stock Units (“ RSU”) of 120,000 ordinary shares to Mr. Zhiwei Xu, the Company’s then
Chief Executive Officer and 39,000 ordinary shares to the Company’s Vice President under the 2021 Omnibus Equity Plan for service
period from July 1, 2022 to June 30, 2023. The RSUs granted to the then Chief Executive Officer and Vice President have a graded vesting
schedule with 25% vested on June 30, 2022, 25% vested on October 1, 2022, 25% vested on January 1, 2023, and the remaining 25% vested
on April 1, 2023. The last tranche of 30,000 RSUs granted to the then Chief Executive Officer was forfeited due to his resignation as
the Chief Executive Officer effective on March 1, 2023. As of May 14, 2023, the vested shares have been issued to the Grantees. The Company
issued 30,000 shares to the former CEO Mr. Zhiwei Xu and 9,750 shares to Dan Zhao with price at $2.62 on January 1, 2023. The Company
issued additional 9,750 shares to Dan Zhao, Vice President with price at $2.62 on April 1, 2023. The share numbers in this paragraph are
all before our Share Consolidation numbers.

6. C. Board Practices

Terms of Directors and Officers

Our directors may be elected by a resolution of
our board of directors, or by an ordinary resolution of our shareholders. Our directors are not subject to a term of office and hold office
until such time as they are removed from office by ordinary resolution of our shareholders