FUZHOU,
China, Oct. 9, 2024 /PRNewswire/ -- E-Home
Household Services Holdings Limited (NASDAQ:EJH) (the "Company" or
"eHome"), an integrated home services provider in China, announced today that it intends to
merge and acquire Fuzhou Yunding Mutual Chain Information
Technology Company Limited (hereinafter referred to as "Fuzhou
Yunding").
Fuzhou Yunding is a comprehensive Internet of Things information
platform company mainly focusing on AI access control system +
intelligent community services, and has obtained more than 20
authorized intellectual property rights. Its products are closely
integrated with the government's municipal governance and big data
needs, and it has formed a multi-dimensional cooperation with the
government, banks, and property companies in the form of commercial
housing, public rental housing, guaranteed housing, and old
districts, and has increased the cooperation and expansion of the
channels of schools and parks to comprehensively promote the
intelligentization of regional community management and operation
throughout the life cycle. Comprehensively
promote regional community management and operation of the whole
life cycle intelligence.
At present, Fuzhou Yunding has landed more than 500 community
projects in Fujian and
Anhui, with more than 3 million
online registered APP users. Many famous neighborhoods (e.g. Fuzhou
Poly Champagne International), famous universities (Fuzhou University) and Xiamen Siming District
Government use Fuzhou Yunding's AI access control system and
intelligent community services.
Mr. Wenshan Xie, Chairman and CEO
of E-Home, commented: "E-Home's proposed merger and acquisition of
Fuzhou Yunding Mutual Chain Information Technology Co., Ltd. is
based on the company's development needs, and Fuzhou Yunding
combination of the two, can be from the Internet of Things
information platform front-end access to domestic demand for
service customers for E-Home, to achieve the integration of the
industry from the front-end to the back-end, to improve the
company's market competitiveness and brand influence, but also
E-Home to enter the AI industry + intelligent community services an
important step. It is also an important step for E-Home to enter
the AI industry + smart community service."
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 is mainly involved in: 1. Home appliances, smart
home installation, maintenance; 2. Housekeeping, nannies, maternity
matron and cleaning services; 3. Internet aging + home care; 4.
Units of public places cleaning. After years of development, E-Home
has formed two main business channels, ToB and ToC, with two
important subsidiaries.
Two main channel: 1. The ToC business to nanny, maternity
matron, home care, cleaning, repair, maintenance of family
integrated services. 2. The ToB business to public cleaning. Two
subsidiaries: 1. Zhongrun Pharmaceutical, integrating
pharmaceutical warehousing, distribution, wholesaling, retailing,
and online sales; 2. Chuangying: presidential training, internal
training, corporate consulting and counseling, and policy
counseling. E-Home has been a comprehensive service enterprise for
family life! We have always adhered to the "solving every issue of
customers with heart" business philosophy, adhere to do the
industry benchmark. 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