FUZHOU, China, August 10, 2021 /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 its variable interest holder affiliate, Pingtan Comprehensive Experimental Area E Home Service Co., Ltd. (“E-Home Pingtan”) had entered into (i) a capital transfer agreement to acquire 33% of the equity interests of Fujian Happiness Yijia Family Service Co., Ltd. (“Happiness Yijia”) in cash; (ii) a share transfer agreement to acquire 100% of the shares of Fujian Jin Ri Dao Jia Technology Co., Ltd. (“Jin Ri Dao Jia”) in cash; and (iii) a share transfer agreement to acquire 55% of the shares of Fujian Zhi Xie Education Technology Development Co., Ltd. (“Zhi Xie Education”) and 55% of the shares of Fuzhou Ju Shang Enterprise Management Consulting Co., Ltd. (“Ju Shang Enterprise”) in cash.
E-Home Pingtan currently owns 67% of Happiness Yijia shares. Formed in 2015, Happiness Yijia is a renowned provider of nanny and maternity matron services in Fuzhou City, China and one of the largest household service companies Fujian Province, China. Upon closing of the acquisition, E-Home Pingtan will own 100% of the shares of Happiness Yijia.
Jin Ri Dao Jia is a well-known home service platform in Fujian Province, China which focuses on “Internet + Service” and provides B2B2C home services. The acquisition of 100% stakes of Jin Ri Dao Jia is expected to integrate Jin Ri Dao’s platform and home cleaning business into E-Home’s network, complement and improve E-Home’s housekeeping segment. E-Home and accelerate the implementation of the company’s strategy of “Internet + Household + Elderly care.”
Zhi Xie Education and Ju Shang Enterprise are committed to the education of entrepreneurial talents and provide business leaders with training and guidance in various areas of business management, including equity incentives, fiscal and tax management and business models. Zhi Xie Education was recognized as a National High-Tech Enterprise in 2019. Zhi Xie Education, through online and in-person programs, helps the management of small and medium-sized enterprises (SMEs) better understand business management. The company plans to strengthen and expand its internal training system, through the acquisition of 55% stakes in Zhi Xie Education and Ju Shang Enterprise. With E-home’s existing sites, system and related materials for training services, E-home will build the integrated training site covering both housekeeping staff and business management talents.
Wenshan XieCEO of the company, said, “We believe that with the recent three-child policy, the demand for childcare, housekeeping and other household services will increase further, and our Acquisitions of stakes in all four companies will help further expand our services to households and allow us to better seize the opportunities offered by the three-child policy.”
About the happiness of Fujian Yijia Family Service Co., Ltd.
Founded in 2015, Happiness Yijia is located in Fuzhou City, China. It engages in a range of services, including care services, housekeeping, commercial facility cleaning and municipal waste disposal.
About Fujian Jin Ri Dao Jia Technology Co., Ltd.
Founded in 2018, Jin Ri Dao Jia is located in Fuzhou City, China. It is an information technology company that focuses on “Internet + Service” and B2B2C household services.
About Fujian Zhi Xie Education Technology Development Co., Ltd.
Founded in 2017, Zhi Xie Education is located in Fuzhou City, China. Zhi Xie Education is engaged in providing business management solutions, educational software development and information consulting for SMEs in Fujian Province, China. Zhi Xie Education is an affiliated entity of Ju Shang Enterprise, and Ju Shang Enterprise owns 40% stake in Zhi Xie Education.
About Fuzhou Ju Shang Enterprise Management Consulting Co., Ltd.
Founded in 2011, Ju Shang Enterprise is located in Fuzhou city, China. It offers consulting services in the areas of business management, information technology and education, among others.
About E-Home Household Service Holdings Limited
E-Home Household Service Holdings Limited is a household services company based in Fuzhou, China. The Company, through its website and its WeChat “e家快服“, provides integrated household services, including appliance maintenance, housekeeping and care services. For more information, visit the Company’s website at http://www. ej111.com/ir.html.
All statements other than statements of historical facts in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections regarding future events and financial trends that the Company believes could affect its financial condition, results of operations, business strategy and his financial needs. Words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential “, “continues”, “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 events or circumstances, or changes in its expectations, except as 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 prove to be correct, and the Company cautions investors that actual results may differ materially from anticipated results and encourages investors to consider risk factors, including those described in the Company’s filings with the SEC, that could affect the Company’s future results.
For more information please contact:
Weitian Group LLC
E-mail: [email protected]
SOURCE E-Home Household Service Holdings Limited