Universe Pharmaceuticals INC (the “Company”), a China-based pharmaceutical manufacturer and distributor, today announced the closing of its initial public offering (“Offering”) of 5,000,000 ordinary shares at a public offering price of US$5.00 per ordinary share. The Company received aggregate gross proceeds of US$25 million from this Offering, before deducting underwriting discounts and other related expenses.

Jowell Global Ltd. (“the Company”), a company which operates one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms Juhao Mall in China, announced the closing of its initial public offering of 3,714,286 ordinary shares at a price of $7.00 per ordinary share on March 19, 2021, for total gross proceeds of $26 million before deducting underwriting discounts and offering expenses.