E-Home Household Services Holdings Limited's subsidiary, Zhongrun Pharmaceutical Company, won the bid to represent Xi'an Liangjian Technology Company Limited, and the related performance is expected to reach RMB 10 million

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E-Home Household Service Holdings Limited

Jun 08, 2023, 09:00 ET

FUZHOU, China, June 8, 2023 /PRNewswire/ -- E-Home Household Services Holdings Limited (NASDAQ:EJH) (the "Company" or "eHome"), an integrated home services provider in China, the Company today announced that after a fierce competition with a number of units, its holding company Zhongrun Pharmaceuticals has successfully won the bid to represent Xi'an Liangjian Technology Co. The hospital won the bids for Yinerjie, Yinershu and Yinertong, etc. It is expected that Zhongrun Pharmaceuticals will add a total of about RMB 30 million in hospital business related results this year. Zhongrun Pharmaceuticals also signed a contract with Sanno Biosensing Co. for a hospital clinic generic model product, which is expected to have a turnover of up to RMB 10 million in Fujian Province within one year.

Founded in 2002, Sanno Biosensing Co., Ltd. is dedicated to the innovation of biosensing technology, developing, manufacturing and marketing a series of rapid diagnostic tests for patients with chronic diseases and health care professionals.

Xi'an Liangjian Technology Co., Ltd. was established in 2005, relying on the international and domestic leading high-tech silver loaded antibacterial core technology, specializing in the production, promotion and sales of silver loaded antibacterial products.

Mr. Wenshan Xie , Chairman and CEO of E-Home, commented: "The successful bid of Zhongrun Pharmaceuticals, a subsidiary of E-Home Household Services Holdings Limited, is a reflection of the company's comprehensive strength and a full trust and affirmation of its corporate strength, which is conducive to expanding the market coverage and sales of relevant products and enhancing the company's brand influence. It further expands the market share of the company's products and is of great significance to undertake other pharmaceutical projects and expand the market steadily in the 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-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.

SOURCE E-Home Household Service Holdings Limited