E-Home Household Service Holdings Limited Announces Unaudited Preliminary Operational Matric for Fiscal Year Ended June 30, 2022

Fuzhou, Aug. 22, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (NASDAQ: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced unaudited preliminary operation matric for fiscal year ended June 30, 2022 (key matric are not disclosed as it’s unaudited) as the Company’s business performance is picking up quickly amid China’s endeavor to resume normal operation of businesses operating in different sectors.

The company is expected to achieve a significant increase in revenue and positive net profit growth for the fiscal year ending June 30, 2022. E-Home is anticipated to report more than 3 million registered members as of June 30, 2022, with over 2 million members using the Company’s services during the same reporting period. In total the Company is expected to receive more than 1 million orders, among which over 500,000 orders coming from installation and maintenance services, nearly 700,000 orders are housekeeping and over 50,000 orders coming from senior care services for the fiscal year ended June 30, 2022.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: “Despite the Covid-19 resurgence and macro uncertainties for the past year, we quickly adjust our business strategies and introduced a number of new initiatives including metaverse and monkeypox treatment initiatives that have helped the Company explore and diversify streams of revenues. The Company is also expected to announce a resilient set of results as we maintain high quality services and capitalize on the recovered momentum by leveraging our strong infrastructure and capacity advantages. While Covid-19 did impact on our business performance and short-term challenges still exist in the marketplace, the household services industry is resilient with huge potential to expand. We will devote fully to executing our strategies to widen market share lead and enhance operational excellence in the near future, which should be crucial for consistent and profitable growth.”

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家快服", provides integrated household 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-based elderly care; 4) Hospital care; 5) Nanny delivery platform.