SHANGHAI, Nov. 13,
2023 /PRNewswire/ -- Jowell Global Ltd. ("Jowell
Global" or the "Company") (NASDAQ: JWEL), one of the leading
cosmetics, health and nutritional supplements, and household
products e-commerce platforms in China, today announced that, it has regained
compliance with the minimum bid price requirement under the
continued listing requirements of the Nasdaq Stock Market LLC
("Nasdaq").
On November 10, 2023, the Company
received a written notification from Nasdaq's Listing
Qualifications Department stating that the closing bid price of the
Company's common stock has been $1.00
per share or greater for 10 consecutive trading days, from
October 27, 2023 to November 9, 2023. Accordingly, the Company has
regained compliance with Nasdaq Listing Rule 5550(a)(2).
About Jowell Global Ltd.
Jowell Global Ltd. (the "Company") is one of the leading
cosmetics, health and nutritional supplements and household
products e-commerce platforms in China. We offer our own brand products to
customers and also sell and distribute health and nutritional
supplements, cosmetic products and certain household products from
other companies on our platform. In addition, we allow third
parties to open their own stores on our platform for a service fee
based upon sale revenues generated from their online stores and we
provide them with our unique and valuable information about market
needs, enabling them to better manage their sales effort, as well
as an effective platform to promote their brands. The Company also
sells its products through authorized retail stores all across
China, which operate under the
brand names of "Love Home Store" or
"LHH Store" and "Juhao Best Choice Store". For more information,
please visit http://ir.1juhao.com/
Safe Harbor Statement
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. The Company may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; financial condition and results of
operations; product and service demand and acceptance; reputation
and brand; the impact of competition and pricing; changes in
technology; government regulations; fluctuations in general
economic and business conditions in China and assumptions underlying or related to
any of the foregoing and other risks contained in reports filed by
the Company with the SEC. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
For investor and media inquiries, please contact:
Jowell Global Ltd.
Ms. Jessie Zhao
Email: IR@1juhao.com
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SOURCE Jowell Global Ltd.
