#NASDAQ $JWEL Jowell Global Ltd. Announces First Quarter 2021 Unaudited Financial Results @TENAssociates

*–* *197.5%* *year-over-year* *revenue* *growth—*
*–159.7%* *year-over-year GMV growth–*

Shanghai, China, June 16, 2021 (GLOBE NEWSWIRE) — Jowell Global Ltd. (“JWEL” or the “Company”) (NASDAQ: JWEL), one of the leading cosmetics, health, nutritional supplements, and household products e-commerce platforms in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.

The Company cautioned that these financial results have not been audited or reviewed by the Company’s independent registered public accounting firm and may have discrepancies in connection with further reviews by the independent registered public accounting firm of the Company.

**First Quarter 2021 Highlights**

* **Total revenues** were $28.4 million, an increase of 197.5% from $9.5 million in the same period of 2020.

* **Net** **loss** was $495 thousand, compared with net income of $183 thousand in the same period of 2020.

* **Total** **GMV** (Gross Merchandise Value) transacted in our online shopping mall was $35.1 million, an increase of 159.7% from $13.5 million in the same period of 2020.

* **Total** **VIP members1**as of March 31, 2021 were 2.0 million, an increase of 17.8% compared with 1.7 million as of March 31, 2020.

* **Total LHH stores**2 as of March 31, 2021 were 25,332, an increase of 17.1% compared with 21,640 as of March 31, 2020.
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* [https://finance.yahoo.com/news/jowell-global-ltd-announces-first-110000240.html](https://finance.yahoo.com/news/jowell-global-ltd-announces-first-110000240.html)
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