Probably "there is an exoplanet that was first observed by JWST."
However, there's very little actual linguistic need to express "JWST was the first telescope to observe exoplanet LHS 475b," without actually naming the planet or adding some other unique condition. Realistically, the way you'd express this fact with reasonable utility is "LHS 475b was first observed by JWST," or "the first exoplanet observed by JWST was LHS 475b."