EX-5.1 2 ea132259ex5-1_jowell.htm OPINION OF MAPLES AND CALDER (HONG KONG) LLP AS TO THE LEGALITY OF THE ORDINARY SHARES BEING REGISTERED AND CERTAIN CAYMAN ISLANDS TAX MATTERS

Exhibit 5.1

 

 

 

Our refELR/771940-000001/18653237v3

 

Jowell Global Ltd.

2nd Floor, No. 285 Jiangpu Road

Yangpu District, Shanghai

China 200082

 

28 December 2020

 

Dear Sirs

 

Jowell Global Ltd. 聚好全球股份有限公司

 

We have acted as Cayman Islands legal advisers to Jowell Global Ltd. 聚好全球股份有限公司 (the “Company”) in connection with the Company’s registration statement on Form F-1, including all amendments or supplements thereto (the “Registration Statement”), filed with the Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended to date relating to the offering by the Company of certain ordinary shares of par value US$0.0001 each (the “Shares”) and certain warrants (“Warrants”), exercisable into ordinary shares of the Company (“Warrants Shares”), to the underwriters in the offering.

 

We are furnishing this opinion as Exhibits 5.1and 23.2 to the Registration Statement.

 

1Documents Reviewed

 

For the purposes of this opinion, we have reviewed only originals, copies or final drafts of the following documents:

 

1.1The certificate of incorporation of the Company dated 16 August 2019 issued by the Registrar of Companies in the Cayman Islands.

 

1.2The second amended and restated memorandum and articles of association of the Company as adopted by special resolution passed on 1 July 2020 (the “Memorandum and Articles”).

 

1.3The written resolutions of the directors of the Company dated 21 November 2020 and 8 December 2020 (the “Board Resolutions”).

 

1.4The written resolutions of the shareholders of the Company dated 21 November 2020 (the “Shareholders’ Resolutions”).

 

 

 

 

 

 

1.5A certificate from a director of the Company, a copy of which is attached hereto (the Director’s Certificate”).

 

1.6A certificate of good standing with respect to the Company issued by the Registrar of Companies dated 23 November 2020 (the “Certificate of Good Standing”).

 

1.7The Registration Statement.

 

2Assumptions

 

The following opinions are given only as to, and based on, circumstances and matters of fact existing and known to us on the date of this opinion letter. These opinions only relate to the laws of the Cayman Islands which are in force on the date of this opinion letter. In giving these opinions we have relied (without further verification) upon the completeness and accuracy, as of the date of this opinion letter, of the Director’s Certificate and the Certificate of Good Standing. We have also relied upon the following assumptions, which we have not independently verified:

 

2.1Copies of documents, conformed copies or drafts of documents provided to us are true and complete copies of, or in the final forms of, the originals.

 

2.2All signatures, initials and seals are genuine.

 

2.3There is nothing under any law (other than the law of the Cayman Islands), and there is nothing contained in the minute book or corporate records of the Company (which we have not inspected), which would or might affect the opinions set out below.

 

3Opinion

 

Based upon the foregoing and subject to the qualifications set out below and having regard to such legal considerations as we deem relevant, we are of the opinion that:

 

3.1The Company has been duly incorporated as an exempted company with limited liability and is validly existing and in good standing with the Registrar of Companies under the laws of the Cayman Islands.

 

3.2The authorised share capital of the Company is US$50,000.00 divided into 500,000,000 shares comprising of (i) 450,000,000 Ordinary Shares of a par value of US$0.0001 each and (ii) 50,000,000 Preferred Shares of a par value of US$0.0001 each.

 

3.3The issue and allotment of the Shares and Warrant Shares have been duly authorised and when allotted, issued and paid for as contemplated in the Registration Statement, the Shares and Warrant Shares will be legally issued and allotted, fully paid and non-assessable. As a matter of Cayman law, a share is only issued when it has been entered in the register of members (shareholders).

 

3.4The issue of the Warrants has been duly authorised by all required corporate action of the Company.

 

3.5The statements under the caption “Taxation” in the prospectus forming part of the Registration Statement, to the extent that they constitute statements of Cayman Islands law, are accurate in all material respects and that such statements constitute our opinion.

 

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4Qualifications

 

In this opinion the phrase “non-assessable” means, with respect to the Shares in the Company, that a shareholder shall not, solely by virtue of its status as a shareholder, be liable for additional assessments or calls on the Shares by the Company or its creditors (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

 

Except as specifically stated herein, we make no comment with respect to any representations and warranties which may be made by or with respect to the Company in any of the documents or instruments cited in this opinion or otherwise with respect to the commercial terms of the transactions, which are the subject of this opinion.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to our name under the headings “Enforceability of Civil Liabilities”, “Taxation” and “Legal Matters” and elsewhere in the prospectus included in the Registration Statement. In giving such consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the U.S. Securities Act of 1933, as amended, or the Rules and Regulations of the Commission thereunder.

 

Yours faithfully

 

 

 

Maples and Calder (Hong Kong) LLP

 

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Director’s Certificate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Jowell Global Ltd. 聚好全球股份有限公司

 Vistra (Cayman) Limited,

 P. O. Box 31119, Grand Pavilion, Hibiscus Way, 802 West Bay Road,

 Grand Cayman, KY1 - 1205 Cayman Islands

 

December 9, 2020

 

To:Maples and Calder (Hong Kong) LLP
26th Floor  Central Plaza
18 Harbour Road
 Wanchai

 Hong Kong

 

Dear Sirs

 

Jowell Global Ltd. 聚好全球股份有限公司 (the “Company”)

 

I, the undersigned, being a director of the Company, am aware that you are being asked to provide a legal opinion (the “Opinion”) in relation to certain aspects of Cayman Islands law. Capitalised terms used in this certificate have the meaning given to them in the Opinion. I hereby certify that:

 

1The Memorandum and Articles remain in full force and effect and are unamended, and no resolutions have been passed by the shareholders of the Company to amend the authorised share capital as stated therein.

 

2The Board Resolutions were duly passed in the manner prescribed in the Memorandum and Articles (including, without limitation, with respect to the disclosure of interests (if any) by director of the Company) and have not been amended, varied or revoked in any respect.

 

3The Shareholders’ Resolutions were duly passed in the manner prescribed in the Memorandum and Articles and have not been amended, varied or revoked in any respect.

 

4The minute book and corporate records of the Company as maintained at its registered office in the Cayman Islands and made available to you are complete and accurate in all material respects, and all minutes and resolutions filed therein represent a complete and accurate record of all meetings of the Shareholders and directors (or any committee thereof) of the Company (duly convened in accordance with the Memorandum and Articles) and all resolutions passed at the meetings or passed by written resolution or consent, as the case may be.

 

5The authorised share capital of the Company is US$50,000.00 divided into 500,000,000 shares comprising of (i) 450,000,000 Ordinary Shares of a par value of US$0.0001 each and (ii) 50,000,000 Preferred Shares of a par value of US US$0.0001 each.

 

6The shareholders of the Company have not restricted or limited the powers of the directors in any way and there is no contractual or other prohibition (other than as arising under Cayman Islands law) binding on the Company prohibiting it from issuing and allotting the Shares or otherwise performing its obligations under the Registration Statement.

 

 

 

 

7The directors of the Company at the date of the Board Resolutions and the date of this certificate were and are as follows:

 

XU Zhiwei

 

ZHAO DAN

 

WANG HAITAO

 

SHI HUIJUN

 

WILLIAM JOSEPH MORRIS JR

 

8Each director considers the transactions contemplated by the Registration Statement to be of commercial benefit to the Company and has acted bona fide in the best interests of the Company, and for a proper purpose of the Company in relation to the transactions which are the subject of the Opinion.

 

9To the best of my knowledge and belief, having made due inquiry, the Company is not the subject of legal, arbitral, administrative or other proceedings in any jurisdiction that would have a material adverse effect on the business, properties, financial condition, results of operations or prospects of the Company. Nor have the directors or shareholders taken any steps to have the Company struck off or placed in liquidation, nor have any steps been taken to wind up the Company. Nor has any receiver been appointed over any of the Company’s property or assets.

 

10Upon the completion of the Company’s initial public offering of the Shares, the Company will not be subject to the requirements of Part XVIIA of the Companies Law (2020 Revision).

 

I confirm that you may continue to rely on this Certificate as being true and correct on the day that you issue the Opinion unless I shall have previously notified you personally to the contrary.

 

[signature page follows]

  

 

 

  

Signature: /s/ Zhiwei Xu  
Name: Zhiwei Xu  
Title: Director