Holdi E-Home Home Service – GuruFocus.com

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FUZHOU, China, July 28 12, 2022 (GLOBE NEWSWIRE) — E-Home Household Service Holdings Limited (EJH) (the “Company” or “E-Home”), an integrated home service provider in China, today announced that the company and its wholly owned subsidiary E-Home Household Service Holdings Limited (Hong Kong) (“E-Home Hong Kong”) have entered into a Memorandum of Understanding (the “MoU”) with Fujian Chuangying Business Technology Co., Ltd ( “Chuangying Business”) and its individual shareholder to acquire 100% equity of Chuangying Business from the individual shareholder, who owns 100% of the shares of Chuangying Business, which is a business platform for providing integrated business services and vocational training in China.

Founded in 2013 and based in Fuzhou City of Fujian Province, Chuangying Business is one of the few platforms that has the ability to provide comprehensive service and business training. In addition, it develops educational materials for entry-level staff, including domestic service staff. Thousands of companies and staff have been trained based on its platform. Chuangying Business is a well-known company in the field of business services and professional training.

Mr. Wenshan Xie, Chairman and CEO of E-Home, said, “We are delighted to announce that we have acquired Chuangying Business. Leveraging the advantages of Chuangying Business, we will expand our customer database by thousands of enterprises, strengthen our domestic service personnel training, and introduce management talents. I am confident that Chuangying Business can be a catalyst for our future growth and its strong profitability will fuel our sustainable performance.

“Our goal is to actively explore markets, promote corporate image, improve service quality. We will continue to seek acquisition opportunities that enhance our expansion strategy and strengthen our market competitiveness.

About E-Home Household Service Holdings Limited

E-Home Household Service Holdings Limited is a household service company based in Fuzhou, China. The Company, through its website and WeChat platform “e家快服”, provides integrated household services, including installation and maintenance of household appliances, housekeeping services and home and elderly care on the Internet. For more information, visit the company’s website at http://www.ej111.com/ir.html.

Forward-looking statements

All statements other than statements of historical facts contained in this announcement are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties and are based on expectations and projections of 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 “, “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. 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.

For more information please contact:

Chunming Xie

Investor Relations

E-mail: [email protected]

Telephone: +86 15359908086

Janice Wang

EverGreen Consulting Inc.

E-mail: [email protected]

Phone: +1 470 940 3308 (from the United States)

+86 13811768559 (from China)

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