Jowell Global Ltd.

Jowell Global Ltd. ( Jowell Global or the Company ) is an exempted company incorporated in the Cayman Islands with limited liability on August 16, 2019 as a holding company. The Company, through its consolidated variable interest entity ( VIE ), engages primarily in the sale of cosmetic products, nutritional supplements, and household products sourced from third-party manufacturers and distributors, and also offers an online marketplace that enables third-party sellers to sell their products to the Company’s online consumers. A reorganization of the Company’s legal structure ( Reorganization ) was completed on November 1, 2019. The Reorganization involved the incorporation of Jowell Global, a Cayman Islands holding company, Jowell Technology Limited ( Jowell Tech ), a Hong Kong holding company on June 24, 2019, and Shanghai Jowell Technology Co., Ltd. ( Shanghai Jowell ), a new wholly foreign-owned entity ( WFOE ) by Jowell Tech under the laws of the People’s Republic of China ( China or the PRC ) on October 15, 2019. On October 31, 2019 and November 1, 2019, Shanghai Jowell entered into a series of contractual arrangements with Shanghai Juhao Information Technology Co., Ltd. ( Shanghai Juhao ) and the shareholders of Shanghai Juhao, as amended on October 10, 2020. These agreements include: 1) an Exclusive Business Cooperation and Management Agreement; 2) an Equity Interest Pledge Agreement; 3) an Exclusive Option Agreements 4) Powers of Attorney and 5) Spousal Consent Letters.