FUZHOU, China, July 26 10, 2022 (GLOBE NEWSWIRE) — E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated home services in China, today announced that the Company is starting to supply raw ingredients for traditional Chinese medicine through the acquisition of a majority stake in Zhongrun (Fujian) Pharmaceutical Co., Ltd. (“Zhongrun”).
E-Home announced on July 22 that the company had acquired a 55% stake in Zhongrun, which operates as a drug wholesaler and logistics distributor specializing in all kinds of (patented) traditional Chinese medicines, antibiotics, dietary supplements and medical devices.
Zhongrun has entered into and will seek to expand its partnership with hospitals, clinics and pharmacies in China to increase sales and also supply key plant ingredients for the production of specialty Chinese medicines rooted in ancient knowledge and principles.
Some of the ingredients provided by Zhongrun have been used for thousands of years as essential herbs in traditional Chinese medicine, which may have health effects such as lowering blood pressure, relieving cold and flu symptoms , reduce pain and strengthen the immune system against contagious diseases.
Mr. Wenshan Xie, Chairman and CEO of E-Home, said, “Traditional Chinese medicine has a long history. As more and more Chinese explore new health trends, we believe that traditional Chinese medicine products with health and healthcare effects have significant growth potential. The acquisition of Zhongrun gives E-Home opportunities to enter China’s large medicine and healthcare industry. We will leverage our advantages to provide our customers with efficient and high quality healthcare and supply chain services. Meanwhile, increasing sales of traditional Chinese medicine products will also help safeguard our company‘s business performance. »
About E-Home Household Service Holdings Limited
Founded 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 home 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 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 individuals (ToC) and enterprises (ToB). 1) The ToC business focuses on nanny, sister-in-law, elderly home care and cleaning, and comprehensive family service supplemented with other housekeeping services. At present, it has successfully connected with metaverse technology to realize metaverse-based customer service as well as domestic worker training. The ToB business focuses on public cleaning and robotic cleaning equipment. Four ancillary services include 1) docking and applying metaverse technology to the janitorial and cleaning industries; 2) online and offline drug and health food sales (including nannies and nursing workers); 3) training nannies and caregivers to engage in health care in physical stores; 4) human resources (flexible employment).
E-Home has become a modern full-service company for family life. The company always adheres to the business philosophy of “solving every customer problem with heart” and the code of conduct of “doing everything well with heart”. The Company aims to set the benchmark for the household services industry. For more information, visit the company’s website at http://www.ej111.com/ir.html.
All statements other than statements of historical facts contained in this announcement are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties and are based on expectations and projections of 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 “, “continues”, “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 events or circumstances, or changes in its expectations, except as 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 prove to be correct, and the Company cautions investors that actual results may differ materially from anticipated results and encourages investors to consider risk factors, including those described in the Company’s filings with the SEC, that could 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:
Email: [email protected]
Telephone: +86 15359908086
EverGreen Consulting Inc.
Email: [email protected]
Phone: +1 470-940-3308 (from the United States)
+86 13811768559 (from China)