E-Home Household Service Holdings Limited - EJH STOCK NEWS

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.

E-Home Household Services Holdings (NASDAQ:EJH) has signed cleaning service agreements with several property companies in China, totaling over RMB 6 million. The company aims to provide quality services and expand its market presence through these contracts.

E-Home Household Services Holdings (NASDAQ:EJH) announces the launch of AI intelligent domestic customer service to enhance sales, increase brand reputation, and improve customer service. The company aims to provide personalized solutions based on historical data and usage, transitioning towards AI-driven housekeeping services.

E-Home Household Services Holdings Limited (NASDAQ:EJH) signed a strategic cooperation agreement with Touch (Fujian) Digital Technology Co. to collaborate on AI solutions for the domestic service industry in China. The partnership aims to enhance customer service, introduce AI housekeeping robots, and drive digital transformation. This move signifies E-Home's entry into the AI industry, positioning itself to revolutionize the traditional domestic service sector.

E-Home Household Service Holdings Limited (EJH) announces a share consolidation to comply with Nasdaq rules, with shareholders receiving one post-consolidation share for every five pre-consolidation shares. The Company's ordinary shares will trade on NASDAQ under the symbol 'EJH' from February 14, 2024.

E-Home Household Services Holdings Limited (NASDAQ:EJH) announced that its subsidiary, Zhongrun (Fujian) Pharmaceutical Co., Ltd, intends to acquire NBL (New Zealand) Limited. NBL Company has advanced fully automatic production lines, and three main production workshops equipped with independent purification and air-conditioning systems. The proposed acquisition aims to transition from service to R&D+production+service in the healthcare pharmaceutical industry and expand the international market. The merger and acquisition will create a large-scale healthcare pharmaceutical portfolio and flagship products, building a good complementary and synergistic advantage of Chinese and international resources.

E-Home Household Services Holdings Limited (NASDAQ:EJH) has signed an agreement with Xiamen Iron Meal Enterprise Management Co., Ltd. for high-speed rail vehicle cleaning services, with a total amount of more than RMB 8 million. The company aims to rely on brand resources, explore market projects, and provide high-quality, efficient, and diversified services for customers. The agreement reflects the company's commitment to achieving new breakthroughs and continuous development in the market service projects.