E-Home Household Services Holdings Limited signs property cleaning contract with well-known property company and wins several electrical repair projects with a total amount of over RMB 21 million

Rhea-AI Summary

E-Home Household Services Holdings Limited (NASDAQ: EJH), based in Fuzhou, China, has announced significant contracts totaling over RMB 21 million. The company secured greening maintenance and community cleaning care contracts with Vanke Group and several electrical repair projects for Regional Centers for Disease Control and Prevention and Yili Engineering. This contract win showcases the company's professional capability and is expected to enhance its brand image and market presence. The integrated service model aligns with industry trends, promising new growth opportunities as resident demands increase.

Positive

• Secured contracts exceeding RMB 21 million with Vanke Group for greening maintenance and cleaning services.
• Won additional electrical repair projects totaling over RMB 6 million, enhancing revenue streams.
• Strengthened brand image and market presence through collaboration with well-known industry players.

Negative

• None.

FUZHOU, China, Feb. 7, 2023 /PRNewswire/ -- E-Home Home Services Holdings Limited (NASDAQ: EJH) (the "Company" or "eHome"), an integrated home services provider in China, today announced that it has signed contracts with Vanke Group companies for greening maintenance and community cleaning care for various projects including "Fuzhou Rongxin First City", "Fuzhou Vanke Plaza", "Fuzhou Dengjunyuan" and other projects, with a total amount of more than RMB 15 million for greening maintenance and community cleaning care. The Company also won several electrical repair and maintenance service projects for the Regional Centers for Disease Control and Prevention and Yili Engineering, with a combined amount of more than RMB 6 million. The combined amount of the above two projects exceeded RMB 21 million.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: "e-home has a professional service team. Through years of accumulation, the company has formed distinctive features and significant advantages in personnel, mechanical equipment, technology and management experience. The cooperation with Vanke's project is a reflection of the company's comprehensive strength and a full trust and affirmation of the company's professional ability, service level and corporate strength, which greatly enhances the company's brand image and adds new momentum for further market expansion.

With the increasing demand of residents for living environment, the integrated model of greening maintenance + cleaning care + repair and maintenance is conducive to the formation of scale effect of enterprises, which is in line with the development trend of the industry towards multi-dimensional integration and brings new business growth space for e-home. Next, e-home will continue to forge ahead with a more determined attitude, continue to uphold the service concept of "solving every e thing with heart and soul", escort the project with good professionalism and professional skills, take high requirements, high standards and high quality as the benchmark, go all out and perform efficiently, and will live up to the expectations of the public for e-home 2023 performance to add another good performance."

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-home", provides integrated household services, including 1) installation and maintenance of home appliances and smart homes; 2) Housekeeping, nanny, confinement nurse 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, confinement nurse, 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.

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SOURCE E-Home Household Service Holdings Limited

FAQ

What contracts did E-Home sign recently?

E-Home signed contracts with Vanke Group for greening maintenance and community cleaning care worth over RMB 15 million and additional electrical repair projects totaling over RMB 6 million.

How much is the total amount of contracts won by E-Home?

The total amount of contracts won by E-Home exceeds RMB 21 million.

What services does E-Home provide?

E-Home provides integrated household services including installation and maintenance of appliances, cleaning services, and elderly care.

When was the press release about E-Home issued?

The press release was issued on February 7, 2023.

Is E-Home listed on the stock market?

Yes, E-Home is listed on NASDAQ under the ticker symbol EJH.