FUZHOU,
China, June 5, 2024 /PRNewswire/ -- E-Home
Household Service Holdings Limited (Nasdaq: EJH) (the "Company" or
"E-Home"), a provider of integrated household services in
China, today announced that at an
extraordinary general meeting of the Company held on May 31, 2024, at 10:00
a.m., local time, at E-Home, 18/F, East Tower, Building B,
Dongbai Center, Yangqiao Road, Gulou District, Fuzhou City 350001, China (the "Meeting"), its shareholders have
approved a share consolidation of the Company's issued and unissued
ordinary shares (the "Ordinary Shares") at a ratio of not less than
one (1)-for-two (2) and not more than one (1)-for-ten (10) (the
"Range"), with the exact ratio to be set at a whole number within
this Range to be determined by the Board of the Directors of the
Company (the "Board") in its sole discretion within 90 calendar
days after the date of passing of these resolutions (the "Share
Consolidation"). At the meeting, the
shareholders of the Company also approved and authorized the Board
to round up any fractions of Ordinary Shares issued to or
registered in the name of such shareholders of the Company in
respect of any fractional entitlements to the issued
consolidated shares resulting from the Share Consolidation,
if so determined by the Board in its sole
discretion.
The Board reserves its right to determine not to proceed with,
and abandon, the Share Consolidation contemplated above if it
determines in its sole discretion that implementing the Share
Consolidation is not in the best interests of the Company and its
shareholders. As such, if the Board did not determine a ratio
within such 90-day period, the Share Consolidation would not
proceed and will be abandoned.
About E-Home Household Service Holdings Limited
Established in 2014, E-Home Household Service Holdings Limited
is a Nasdaq-listed household service company based in Fuzhou, China. The Company, through its
website and WeChat platform "e-home", provides integrated household
services, including 1) Installation and maintenance of home
appliances and smart homes; 2) Housekeeping, nanny, confinement
nurse and cleaning services; 3) Internet elderly care + home-based
elderly care; 4) Cleaning of public establishments.
After years of development, the Company has formed two main
services and two auxiliary services targeting at individual
consumers (ToC) and business clients (ToB), with two important
subsidiaries. 1) The ToC business focuses on nanny, confinement
nurse, home-based elderly care and cleaning, and family
comprehensive service supplemented by other housekeeping services.
At present, it has successfully connected with metaverse technology
to realize metaverse-based customer service as well as training of
domestic workers. The ToB business focuses on public cleaning and
cleaning robotic equipment. In addition, we have two subsidiaries:
1. Zhongrun Pharmaceutical, which integrates pharmaceutical
warehousing, distribution, wholesaling, retailing and online sales;
2. Chuang Ying Business School: corporate president class training,
in-house training, business consulting and counseling, and policy
counseling.
E-Home has become a modern enterprise of comprehensive service
for family life. The Company always adheres to the business
philosophy of "solving every issue of customers with heart", and to
the code of conduct of "doing everything well with heart". The
Company aims to set the benchmark of the household service
industry. For more information, visit the Company's website at
http://www.ej111.com/ir.html.
Forward-Looking Statement
All statements other than statements of historical fact in this
announcement are forward-looking statements in nature within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations and
projections about future events and financial trends that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions are intended to identify
such forward-looking statements. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to consider risk
factors, including those described in the Company's filings with
the SEC, that may affect the Company's future results. All
forward-looking statements attributable to the Company and its
subsidiaries or persons acting on their behalf are expressly
qualified in their entirety by these risk factors.
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SOURCE E-Home Household Service Holdings Limited