Benzinga | Aug 19, 2021 08:06AM EDT

Jowell Global Ltd. Announces Strategic Partnership With Suzhou Wujiang Hope Bio-Technology Co. Ltd To Jointly Develop New Cell-Tech Based Skincare Products, Cosmetics, and Health & Nutrition Supplements

Jowell Global Ltd. ("JWEL" 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 the Company is developing a cooperative relationship with Hope Bio-Technology (Suzhou) Co., Ltd. and has signed a strategic partnership agreement (the "Agreement") with its affiliate, Suzhou Wujiang Hope Bio-Technology Co., Ltd.("Hope Bio-Tech"). Pursuant to the Agreement, the parties will cooperate in research and development of new immune cell-technologies for skincare products, cosmetics, and health and nutritional supplements, with a focus on in-depth collaboration in the cutting-edge cellular technology.

Mr. Zhiwei Xu, Chief Executive Officer and Chairman of Jowell Global Ltd, commented: "With this partnership, Hope Bio-Tech will be conducting research and development on cell technologies for the skincare products, cosmetics, and health and nutritional supplements, utilizing its biotech, immune-cell, and stem cell R&D teams to efficiently develop and launch a new generation of skincare products with cell-related technology for the Company. The partnership with Hope Bio-Tech will help us expand into high-end cosmetic products market. We firmly believe that bio cell technology in skincare and cosmetic products will provide our customers top quality product experience and effective results."

Mr. David Lin, founder and Chairman of Hope Bio-Technology (Suzhou) Co., Ltd. commented: "Jowell Global is one of China's leading e-commerce platform for skincare products, cosmetics and health and nutrition supplements, and this partnership will enable us to leverage our respective strengths and expertise to provide consumers with high-quality and high-efficacy products, and make our contribution to the development of Chinese skincare products, cosmetics, and health & nutrition supplements and brand names."