FUZHOU, China, June 24, 2022 (GLOBE NEWSWIRE) — E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), an integrated household service provider in China, today announced Today the company secured an additional RMB 4.7 million in new contracts between April and May to provide property cleaning services for neighborhood residences.
The company has signed 0.8 million RMB of service contracts and Putian YouYou Cleaning Co., Ltd. (“YouYou”), a subsidiary of the company, obtained RMB 3.9 million from the new business. YouYou is a leading cleaning service provider and a member company of the Fujian Province Cleaning Industry Association and E-Home acquired a 60% stake in YouYou in January.
Under the contract, the Company and YouYou will provide concentrated sweeping in designated neighborhoods and maintain their cleanliness for a contracted service period of 10 to 12 months. The districts include, among others, properties of 1.1 million square meters developed by the Chinese developer R&F Group, which is managed by the property management company Guangzhou Tianli Property Management, Xiamen Branch, and properties of 0.26 million square meters managed by Fujian Fusheng Property Management Co. Ltd.
Mr. Wenshan Xie, President and CEO of E-Home, said, “It is an honor to be selected to provide our flagship cleaning services to our client partners. Our position on these contracts allows our customers to access efficient and professional hygiene maintenance services from E-Home. We are pleased to have been selected for these contracts which will help our customers keep their facilities clean. We look forward to a long and productive partnership with all of our customers.”
About E-Home Household Service Holdings Limited
Founded 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家快服”, provides integrated home services, including 1) installation and maintenance of home appliances and smart homes; 2) Housekeeping, nanny, sister-in-law and cleaning services; 3) Internet-based 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 individuals (ToC) and enterprises (ToB). 1) The ToC business focuses on nanny, sister-in-law, elderly home care and cleaning, and comprehensive family service supplemented with other housekeeping services. At present, it has successfully connected with metaverse technology to realize metaverse-based customer service as well as domestic worker training. The ToB business focuses on public cleaning and robotic cleaning equipment. Four ancillary services include 1) docking and applying metaverse technology to the janitorial and cleaning industries; 2) online and offline drug and health food sales (including nannies and nurses); 3) training nannies and caregivers to engage in health care in physical stores; 4) human resources (flexible employment).
E-Home has become a modern full-service company for family life. The company always adheres to the business philosophy of “solving every customer problem with heart” and the code of conduct of “doing everything well with heart”. The Company aims to set the benchmark for the household services industry. For more information, visit the company’s website at http://www.ej111.com/ir.html.
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.
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