FUZHOU,
China, Feb. 9, 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 February 6, 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
approved resolutions that would result in a share consolidation of
five issued and unissued ordinary shares with par value
of US$0.2 each in the Company's issued and unissued share
capital into one share with par value of US$1 (the "Share
Consolidation"). The Share Consolidation is primarily being
effectuated to comply with Nasdaq Marketplace Rule 5550(a)(2)
related to the minimum bid price per share of the Company's
ordinary shares.
The Company's ordinary shares will begin to trade on the
NASDAQ Stock Market on the post-consolidation basis under the
symbol "EJH" on February 14, 2024.
The new CUSIP number for the Company's ordinary shares
post-consolidation is G2952X138. The Company's shareholders
will receive one post-consolidation ordinary share for every five
pre-consolidation ordinary shares held by them. Immediately
after the Share Consolidation, each stockholder's percentage
ownership interest in the Company and proportional voting power
will remain unchanged, except for minor changes and adjustments
that will result from the treatment of fractional shares. The
rights of the holders of ordinary shares will be substantially
unaffected by the Share Consolidation. No fractional shares will be
issued in connection with the Share Consolidation, and all such
fractional shares will be round up to the nearest whole number of
shares following or as a result of the Share Consolidation.
Shareholders who are holding their shares in electronic form at
brokerage firms do not need to take any action, as the effect of
the Share Consolidation will automatically be reflected in their
brokerage accounts.
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) Hospital care; 5) Nanny delivery platform.
After years of development, the Company has formed two main
services and four auxiliary services targeting at individual
consumers (ToC) and business clients (ToB). 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. Four
auxiliary services include 1) docking and application of metaverse
technology to housekeeping and cleaning industries; 2) online and
offline sales of medicine and health food (including nannies and
nursing workers); 3) training on nannies and nursing workers to
engage in health care in physical stores; 4) human resources
(flexible employment).
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
