E-Home Household Services Holdings Announces It Will Acquire Fuzhou Yunding Mutual Chain Information Technology; No Financial Terms Disclosed

E-Home Household Services Holdings Limited (NASDAQ:EJH) (the "Company" or "eHome"), an integrated home services provider in China, announced today that following multiple rounds of negotiations and due diligence, it has decided to acquire Fuzhou Yunding Mutual Chain Information Technology Co., Ltd. (hereinafter referred to as "Fuzhou Yunding").

Fuzhou Yunding is a comprehensive Internet of Things (IoT) information platform company that specialises in artificial intelligence (AI) access control systems and smart community services. It currently holds over 20 authorised intellectual property rights and its products are closely integrated with government urban governance and big data requirements. The company has established multidimensional collaborations with commercial and public rental housing providers, affordable housing providers, older residential communities, government agencies, banks and property management firms. It is also expanding its partnerships with schools, industrial parks and other channels to advance the intelligent transformation of regional community management and operational lifecycles.

Fuzhou Yunding currently operates over 500 residential projects across Fujian and Anhui provinces, with more than 3 million registered users on its mobile app. Numerous prestigious communities (such as Fuzhou Poly Champagne International), renowned universities (Fuzhou University), and government entities like Xiamen Siming District Administration utilize Fuzhou Yunding's AI access control systems and smart community services.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: "E-Home has decided to acquire Fuzhou Yunding Mutual Chain Information Technology Co., Ltd. The acquisition, driven by E-Home's development needs, will combine the strengths of both companies. It will enable E-Home to acquire customers seeking home services through the front-end of its IoT information platform, achieving end-to-end industry integration. This will enhance the company's market competitiveness and brand influence, marking a crucial step in E-Home's expansion into the AI industry and smart community services."