E-Home Household Service Holdings Limited Ordinary Shares - EJH STOCK NEWS

E-Home Household Service Holdings (NASDAQ:EJH) has launched its AI Home Trainer, addressing key challenges in domestic service training. The system integrates AI and metaverse virtual human technology to provide standardized training for various service personnel, including maintenance engineers, cleaners, nannies, and caregivers.

The AI trainer simulates real-life scenarios, offering pre-service training for newcomers and in-service training for existing staff. It enables simultaneous training of different service types and allows personnel to receive training or seek solutions anytime, anywhere. The company expects this innovation to improve service standardization, work efficiency, and overall profitability.

E-Home Household Services Holdings (NASDAQ:EJH), an integrated home services provider in China, has established a new Resource Recycling Department. This initiative aligns with national policy guidance and leverages the company's existing business advantages. The department will focus on recovering used home appliances, old materials, and waste classification through door-to-door services provided by E-Home's maintenance technicians, cleaners, nannies, and caretakers.

The Resource Recycling Department will initially operate as an independent business unit before registering as a subsidiary company. E-Home plans to collaborate with professional resource recycling companies to expand this service. Chairman and CEO Wenshan Xie stated that this move aims to reduce environmental pollution, improve resource utilization efficiency, and create new profit growth points for the company while increasing employment opportunities.

E-Home Household Services Holdings (NASDAQ:EJH) has announced its intention to merge and acquire Fuzhou Yunding Mutual Chain Information Technology Company . Fuzhou Yunding specializes in AI access control systems and intelligent community services, with over 20 authorized intellectual property rights. The company has established partnerships with government entities, banks, and property companies, implementing its solutions in various housing types and expanding into schools and parks.

Fuzhou Yunding has deployed its services in over 500 community projects across Fujian and Anhui provinces, boasting more than 3 million registered APP users. Notable clients include Fuzhou Poly Champagne International, Fuzhou University, and Xiamen Siming District Government. E-Home's CEO, Wenshan Xie, stated that this acquisition aims to integrate the industry chain from front-end to back-end, enhancing E-Home's market competitiveness and brand influence while marking its entry into the AI and smart community services sector.

E-Home Household Services Holdings (NASDAQ:EJH) announced that its subsidiary, Zhongrun (Fujian) Pharmaceutical Co., , plans to merge with New Zealand's NBL Pharmaceuticals in December 2024. Prior to the merger, the companies have signed a cooperation agreement to expand into overseas markets and enhance overall competitiveness. NBL Pharmaceuticals, located in Auckland, operates advanced automated production lines compliant with international ISO, New Zealand GMP, and GB standards. The facility covers over 5,000 square meters, including a 2,200 square meter purification workshop.

This strategic move aligns with E-Home's international expansion plans, aiming to create a scaled healthcare drug portfolio and leverage complementary Chinese and international resources. The partnership is expected to enhance E-Home's global presence, improve product quality, and strengthen its brand influence in the pharmaceutical sector.

E-Home Household Services Holdings (NASDAQ: EJH), a leading integrated home services provider in China, has announced the signing of cleaning service contracts and successful bids for electrical maintenance projects. The total value of these contracts exceeds RMB 5 million. Among the projects secured is the prestigious Green Label initiative.

Wenshan Xie, Chairman and CEO of E-Home, expressed that these contract wins validate the company's service quality and showcase the comprehensive strength of their ejiaxpress service. He emphasized E-Home's commitment to maintaining high service standards and becoming a trustworthy enterprise in the market.

E-Home Household Services Holdings (NASDAQ:EJH) announced the official launch of its second generation of AI intelligent housekeeping customer service, eJia.

This upgraded version includes new automated task processing, data analysis, and decision support functionalities. The enhancements aim to improve the company's service competitiveness and promote the digital intelligence ecosystem within the domestic industry.

Chairman and CEO Wenshan Xie highlighted the trend toward integrating AI in home services due to the growing demand for convenient, efficient, and personalized solutions. The new AI system is expected to automate repetitive tasks, analyze substantial enterprise data for valuable insights, reduce costs, improve operational efficiency, and boost customer satisfaction and loyalty.

E-Home Household Service Holdings (Nasdaq: EJH) announced the results of its extraordinary general meeting held on May 31, 2024. At this meeting, shareholders approved a share consolidation for the company's issued and unissued ordinary shares.

The consolidation is planned at a ratio between one-for-two and one-for-ten, with the exact ratio to be determined by the Board within 90 days. Fractional shares resulting from the consolidation will be rounded up at the Board's discretion. The Board may choose to abandon the share consolidation if it deems it not in the best interests of the company and its shareholders within the 90-day period.

E-Home Household Services Holdings announced that its subsidiary, Fujian Province CHUANG YING Business Learning Technology, has developed an AI-based enterprise professional skills learning platform. This system aims to enhance talent training and standardized job digitalization for businesses. It offers online business school solutions, helping firms streamline organizational structures, develop tailored curricula, and reduce talent training costs. By integrating AI, human resources consulting, and big data, the platform provides customized training videos and optimal human capital solutions. The initiative addresses China's need for skilled personnel, with projections of over 40 million skilled workers in the next few years.

E-Home Household Service Holdings announced its financial results for the six months ended December 31, 2023. Total revenues were $26.95 million, with a gross profit margin of 24.4%. However, net profit decreased due to increased expenditure on brand promotion and advertising. The company's net assets were $149.11 million as of December 31, 2023. The company expanded its public cleaning business, restructured elderly care and electrical maintenance businesses, and signed contracts for property and public place cleaning. Despite challenges from economic downturn and industry changes, the company's turnover remained stable.

The company's Chairman and CEO, Mr. Wenshan Xie, expressed confidence in improving profitability by restructuring business models, adding new contracts, implementing a strategic plan for cleaning services, and introducing AI technology for customer service and housekeeping.