E-Home Household Service Holdings Limited to Explore Potential Monkeypox Treatment Programs via Its Subsidiary Zhongrun (Fujian) Pharmaceutical Co., Ltd.

Rhea-AI Summary

E-Home Household Service Holdings Limited (NASDAQ: EJH) announced a provisional investigation into the use of traditional Chinese medicine for treating Monkeypox, leveraging its majority ownership in Zhongrun (Fujian) Pharmaceutical Co., Ltd. This company specializes in traditional Chinese medicines and medical products. Although Monkeypox is generally not fatal, treatments are currently lacking. The investigation aligns with the guidelines from China's National Health Commission, suggesting potential holistic treatments could be developed. CEO Mr. Wenshan Xie emphasized the long-standing reliability of traditional medicine in treating various illnesses.

Positive

• Initiating investigation into traditional Chinese medicine for Monkeypox treatment could position EJH as a leader in alternative healthcare solutions.
• Acquisition of Zhongrun enhances EJH's capabilities in drug wholesaling and logistics distribution.

Negative

• No current treatments for Monkeypox may imply a lengthy research and validation process before potential benefits are realized.

FUZHOU, China, July 27, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (NASDAQ: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced that it has begun a provisional investigation into feasible treatment applications of traditional Chinese medicine for Monkeypox via its recently acquired majority ownership in Zhongrun (Fujian) Pharmaceutical Co., Ltd. (“Zhongrun”), a leading medicine and personal care products operator in China.

Founded in 2017 with RMB100 million registered capital, Zhongrun operates as a drug wholesaler and logistics distributor specializing in all kinds of traditional Chinese medicines, antibiotics, dietary supplements and medical devices. Some of the ingredients provided by Zhongrun have been used for thousands of years as key herbs in traditional Chinese medicine, which may have health effects, such as lowering blood pressure, alleviating cold and flu symptoms, reducing pain and enhancing immune system against contagious diseases.

While monkeypox is rarely fatal, it shares similar symptoms to the smallpox virus: fever, headaches, muscle aches and exhaustion to name a few. Though there are currently no treatments specifically for monkeypox virus infections, it is genetically similar to smallpox. According to the "Monkeypox Treatment Guidelines 2022 Edition" developed by China’s National Heath Commission and the National Administration of Traditional Chinese Medicine in June 2022, the proposed traditional Chinese medicine treatment for monkeypox requires that treatment can be implemented based on traditional Chinese medicine principles of evidence-based diagnosis, which potentially opening the door for viable, holistic treatment programs utilizing proven traditional Chinese medicines in China.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: “Traditional Chinese medicines have been relied upon for thousands of years and have the capacity to treat a large variety of illnesses. I believe we have an important opportunity to leverage Zhongrun’s strength in the area of traditional Chinese medicine to uncover potential treatment options for the monkeypox virus. We are looking forward to sharing our findings in the near future.”

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家快服", provides integrated household services, including 1) installation and maintenance of home appliances and smart homes; 2) Housekeeping, nanny, sister-in-law 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, sister-in-law, 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.

For more information, please contact:

Chunming Xie

Investor Relations

Email: xcm@ej111.com

Phone: +86 15359908086

Janice Wang

EverGreen Consulting Inc.

Email: IR@changqingconsulting.com

Phone: +1 470-940-3308 (from U.S.)

+86 13811768559 (from China)

FAQ

What is the purpose of E-Home's investigation into traditional Chinese medicine for Monkeypox?

E-Home is exploring potential treatment applications of traditional Chinese medicine for Monkeypox as it lacks specific treatments currently.

When did E-Home announce its investigation into Monkeypox treatment?

E-Home announced the investigation on July 27, 2022.

How is Zhongrun involved with E-Home's investigation?

Zhongrun, acquired by E-Home, is a pharmaceutical operator that specializes in traditional Chinese medicine, which E-Home is leveraging for the investigation.

What are the implications of the Monkeypox Treatment Guidelines for E-Home's research?

The guidelines suggest that treatments based on traditional Chinese medicine principles could be viable, potentially opening opportunities for E-Home's investigation.

What symptoms are associated with Monkeypox?

Monkeypox shares symptoms with smallpox, including fever, headaches, muscle aches, and exhaustion.