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E-Home Household Services Holdings Limited intends to merge and acquire an AI access control system + smart community service company to expand the front-end industry chain.

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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) ha annunciato la sua intenzione di fondere e acquisire la Fuzhou Yunding Mutual Chain Information Technology Company. Fuzhou Yunding è specializzata in sistemi di controllo accessi basati su intelligenza artificiale e servizi per comunità intelligenti, vantando oltre 20 diritti di proprietà intellettuale autorizzati. L'azienda ha stabilito partnership con enti governativi, banche e aziende immobiliari, implementando le sue soluzioni in vari tipologie abitative ed espandendosi in scuole e parchi.

Fuzhou Yunding ha implementato i suoi servizi in oltre 500 progetti comunitari nelle province di Fujian e Anhui, vantando più di 3 milioni di utenti registrati nell'APP. Clienti di rilievo includono Fuzhou Poly Champagne International, Università di Fuzhou e il Governo del Distretto Siming di Xiamen. Il CEO di E-Home, Wenshan Xie, ha dichiarato che questa acquisizione mira a integrare la catena industriale dal front-end al back-end, migliorando la competitività di mercato e l'influenza del marchio di E-Home, segnando al contempo il suo ingresso nel settore dell'intelligenza artificiale e dei servizi per comunità intelligenti.

E-Home Household Services Holdings (NASDAQ:EJH) ha anunciado su intención de fusionar y adquirir la Fuzhou Yunding Mutual Chain Information Technology Company. Fuzhou Yunding se especializa en sistemas de control de acceso basados en inteligencia artificial y servicios de comunidades inteligentes, con más de 20 derechos de propiedad intelectual autorizados. La compañía ha establecido asociaciones con entidades gubernamentales, bancos y empresas inmobiliarias, implementando sus soluciones en varios tipos de vivienda y expandiéndose hacia escuelas y parques.

Fuzhou Yunding ha implementado sus servicios en más de 500 proyectos comunitarios en las provincias de Fujian y Anhui, con más de 3 millones de usuarios registrados en su APP. Clientes destacables incluyen a Fuzhou Poly Champagne International, la Universidad de Fuzhou y el Gobierno del Distrito Siming de Xiamen. El CEO de E-Home, Wenshan Xie, declaró que esta adquisición tiene como objetivo integrar la cadena industrial de extremo a extremo, mejorando la competitividad en el mercado y la influencia de la marca de E-Home, marcando al mismo tiempo su entrada en el sector de la inteligencia artificial y los servicios de comunidades inteligentes.

E-Home Household Services Holdings (NASDAQ:EJH)는 Fuzhou Yunding Mutual Chain Information Technology Company합병 및 인수할 의향을 표명했습니다. Fuzhou Yunding은 AI 접근 제어 시스템 및 지능형 커뮤니티 서비스를 전문으로 하며, 20개 이상의 승인된 지적 재산권을 보유하고 있습니다. 이 회사는 정부 기관, 은행, 부동산 회사와 파트너십을 맺고 있으며, 다양한 주택 유형에 솔루션을 구현하고 학교와 공원으로 확장하고 있습니다.

Fuzhou Yunding은 푸젠성과 안후이성의 500개 이상의 커뮤니티 프로젝트에 서비스를 배포했으며, 300만 명 이상의 등록된 APP 사용자를 자랑합니다. 주요 고객으로는 Fuzhou Poly Champagne International, Fuzhou University, Xiamen Siming District Government가 있습니다. E-Home의 CEO Wenshan Xie는 이번 인수의 목표가 프론트엔드부터 백엔드까지 산업 체인을 통합하여 E-Home의 시장 경쟁력과 브랜드 영향력을 강화하는 동시에 AI 및 스마트 커뮤니티 서비스 분야로의 진입을 알리는 것이라고 밝혔습니다.

E-Home Household Services Holdings (NASDAQ:EJH) a annoncé son intention de fusionner et d'acquérir la Fuzhou Yunding Mutual Chain Information Technology Company. Fuzhou Yunding se spécialise dans les systèmes de contrôle d'accès par intelligence artificielle et les services de communauté intelligente, avec plus de 20 droits de propriété intellectuelle autorisés. L'entreprise a établi des partenariats avec des entités gouvernementales, des banques et des sociétés immobilières, implantant ses solutions dans différents types de logements et s'étendant aux écoles et aux parcs.

Fuzhou Yunding a déployé ses services dans plus de 500 projets communautaires dans les provinces du Fujian et de l'Anhui, comptant plus de 3 millions d'utilisateurs enregistrés de l'application. Parmi ses clients notables figurent Fuzhou Poly Champagne International, l'Université de Fuzhou et le gouvernement du district de Siming à Xiamen. Le CEO d'E-Home, Wenshan Xie, a déclaré que cette acquisition vise à intégrer la chaîne industrielle de l'aval à l'aval, améliorant la compétitivité du marché et l'influence de la marque d'E-Home tout en marquant son entrée dans le secteur de l'intelligence artificielle et des services de communauté intelligents.

E-Home Household Services Holdings (NASDAQ:EJH) hat seine Absicht angekündigt, die Fuzhou Yunding Mutual Chain Information Technology Company zu fusionieren und zu erwerben. Fuzhou Yunding spezialisiert sich auf KI-Zugangs- und intelligente Gemeinschaftsdienstleistungen und verfügt über mehr als 20 zugelassene geistige Eigentumsrechte. Das Unternehmen hat Partnerschaften mit Regierungsbehörden, Banken und Immobilienunternehmen aufgebaut, seine Lösungen in verschiedenen Wohnformen implementiert und sich auf Schulen und Parks ausgeweitet.

Fuzhou Yunding hat seine Dienstleistungen in über 500 Gemeinschaftsprojekten in den Provinzen Fujian und Anhui bereitgestellt und kann mehr als 3 Millionen registrierte APP-Nutzer verzeichnen. Zu den namhaften Kunden gehören Fuzhou Poly Champagne International, die Fujou-Universität und die Regierung des Siming-Distrikts in Xiamen. Der CEO von E-Home, Wenshan Xie, erklärte, dass diese Akquisition darauf abzielt, die gesamte Wertschöpfungskette vom Frontend bis zum Backend zu integrieren, um die Wettbewerbsfähigkeit und die Markeneinfluss von E-Home zu stärken und gleichzeitig den Eintritt in den Bereich KI und intelligente Gemeinschaftsdienste zu markieren.

Positive
  • Acquisition of Fuzhou Yunding expands E-Home's service offerings into AI and smart community services
  • Fuzhou Yunding has over 500 community projects and 3 million registered APP users
  • Integration of Fuzhou Yunding's technology may improve E-Home's market competitiveness
  • Potential for increased customer base through Fuzhou Yunding's existing partnerships
Negative
  • None.

Insights

The proposed merger with Fuzhou Yunding represents a strategic move for E-Home to expand its service offerings and leverage AI technology in the smart community sector. With over 500 community projects and 3 million registered users, Fuzhou Yunding brings a substantial customer base and proven AI access control systems to the table.

This acquisition could potentially enhance E-Home's competitive edge by:

  • Integrating front-end IoT platforms with existing home services
  • Expanding into the growing smart community market
  • Gaining access to valuable intellectual property (20+ authorized IP rights)
  • Strengthening relationships with government entities and property companies

However, the success of this merger will depend on effective integration and the ability to capitalize on cross-selling opportunities. Investors should monitor the execution of this strategy and its impact on E-Home's financial performance in the coming quarters.

This merger aligns with the growing trend of smart home and community solutions in China. The market for AI-powered access control systems and intelligent community services is expanding rapidly, driven by urbanization and the government's push for smart cities.

Key market insights:

  • China's smart home market is projected to reach $48.18 billion by 2024 with a CAGR of 25.3%
  • The smart community segment is a significant driver of this growth
  • Government initiatives supporting smart city development create a favorable environment for companies like E-Home and Fuzhou Yunding

While the merger could position E-Home favorably in this growing market, investors should consider potential challenges such as intense competition and the need for continuous innovation to maintain a technological edge. The company's ability to scale Fuzhou Yunding's solutions beyond Fujian and Anhui provinces will be important for long-term success.

FUZHOU, China, Oct. 9, 2024 /PRNewswire/ -- E-Home Household Services Holdings Limited (NASDAQ:EJH) (the "Company" or "eHome"), an integrated home services provider in China, announced today that it intends to merge and acquire Fuzhou Yunding Mutual Chain Information Technology Company Limited (hereinafter referred to as "Fuzhou Yunding").

Fuzhou Yunding is a comprehensive Internet of Things information platform company mainly focusing on AI access control system + intelligent community services, and has obtained more than 20 authorized intellectual property rights. Its products are closely integrated with the government's municipal governance and big data needs, and it has formed a multi-dimensional cooperation with the government, banks, and property companies in the form of commercial housing, public rental housing, guaranteed housing, and old districts, and has increased the cooperation and expansion of the channels of schools and parks to comprehensively promote the intelligentization of regional community management and operation throughout the life cycle. Comprehensively promote regional community management and operation of the whole life cycle intelligence.

At present, Fuzhou Yunding has landed more than 500 community projects in Fujian and Anhui, with more than 3 million online registered APP users. Many famous neighborhoods (e.g. Fuzhou Poly Champagne International), famous universities (Fuzhou University) and Xiamen Siming District Government use Fuzhou Yunding's AI access control system and intelligent community services.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: "E-Home's proposed merger and acquisition of Fuzhou Yunding Mutual Chain Information Technology Co., Ltd. is based on the company's development needs, and Fuzhou Yunding combination of the two, can be from the Internet of Things information platform front-end access to domestic demand for service customers for E-Home, to achieve the integration of the industry from the front-end to the back-end, to improve the company's market competitiveness and brand influence, but also E-Home to enter the AI industry + intelligent community services an important step. It is also an important step for E-Home to enter the AI industry + smart community service."

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 is mainly involved in: 1. Home appliances, smart home installation, maintenance; 2. Housekeeping, nannies, maternity matron and cleaning services; 3. Internet aging + home care; 4. Units of public places cleaning. After years of development, E-Home has formed two main business channels, ToB and ToC, with two important subsidiaries.

Two main channel: 1. The ToC business to nanny, maternity matron, home care, cleaning, repair, maintenance of family integrated services. 2. The ToB business to public cleaning. Two subsidiaries: 1. Zhongrun Pharmaceutical, integrating pharmaceutical warehousing, distribution, wholesaling, retailing, and online sales; 2. Chuangying: presidential training, internal training, corporate consulting and counseling, and policy counseling. E-Home has been a comprehensive service enterprise for family life! We have always adhered to the "solving every issue of customers with heart" business philosophy, adhere to do the industry benchmark. 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.

Cision View original content:https://www.prnewswire.com/news-releases/e-home-household-services-holdings-limited-intends-to-merge-and-acquire-an-ai-access-control-system--smart-community-service-company-to-expand-the-front-end-industry-chain-302271532.html

SOURCE E-Home Household Service Holdings Limited

FAQ

What company is E-Home Household Services Holdings (EJH) planning to acquire?

E-Home Household Services Holdings (EJH) is planning to merge and acquire Fuzhou Yunding Mutual Chain Information Technology Company

What are the main services provided by Fuzhou Yunding, the company EJH intends to acquire?

Fuzhou Yunding specializes in AI access control systems and intelligent community services, offering a comprehensive Internet of Things information platform.

How many community projects has Fuzhou Yunding implemented?

Fuzhou Yunding has implemented its services in over 500 community projects across Fujian and Anhui provinces.

What is the strategic importance of this acquisition for E-Home (EJH)?

The acquisition aims to integrate the industry chain from front-end to back-end, enhance E-Home's market competitiveness and brand influence, and mark its entry into the AI and smart community services sector.

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