E-Home Household Service Holdings Limited Announces Share Consolidation

Core Viewpoint - E-Home Household Service Holdings Limited has announced a share consolidation at a ratio of one-for-fifty to comply with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price requirements [2][3]. Group 1: Share Consolidation Details - The extraordinary general meeting held on May 1, 2025, resulted in shareholder approval for a share consolidation within a range of one-for-two to one-for-fifty [1]. - The Board determined the exact ratio for the share consolidation to be one-for-fifty on May 8, 2025, with trading on a post-consolidation basis starting on May 30, 2025 [2]. - The current number of outstanding shares is 183,690,171, which will reduce to approximately 3,673,850 post-consolidation [2]. Group 2: Shareholder Impact - Shareholders will receive one post-consolidation ordinary share for every fifty pre-consolidation shares held, with their percentage ownership and voting power remaining largely unchanged [3]. - Fractional shares will not be issued; instead, they will be rounded up in connection with the share consolidation [3]. - Shareholders holding shares in electronic form will see the effects of the consolidation automatically reflected in their brokerage accounts [3]. Group 3: Company Overview - E-Home Household Service Holdings Limited, established in 2014, is based in Fuzhou, China, and provides integrated household services through its website and WeChat platform [4]. - The company offers services including installation and maintenance of home appliances, housekeeping, and cleaning services [4]. - E-Home aims to set the benchmark in the household service industry in China, adhering to a customer-centric business philosophy [5].