E-Home Household Service (EJH) announces acquisition of 51% equity of Fuzhou Sijie Cleaning Service Co., Ltd

E-Home Household Service Holdings Limited (Nasdaq: EJH) (the "Company" or "E-Home"), a provider of integrated household services in China, today announced that its affiliated variable interest entity, Pingtan Comprehensive Experimental Area E Home Service Co., Ltd. ("E-Home Pingtan") had entered into an equity transfer agreement to acquire 51% equity interests of Fuzhou Sijie Cleaning Service Co., Ltd. ("Sijie Cleaning") in cash. The acquisition marks a significant step of E-Home expanding its household cleaning business to public places cleaning market and will improve E-Home's cleaning business service capacities and scopes.

"Joining forces with E-home, our company will accelerate the development of our one-stop high-end cleaning service business and gain more market shares with the strong support of E-home's brand reputation and investment. Our firms share a similar goal – we are client-focused with a long-range and multidimensional growth strategy," said Tingchun Zeng, actual controller of Sijie Cleaning.

Wenshan Xie, Chairman and Chief Executive Officer of the Company, commented, "we believe that the addition of Sijie Cleaning will enable us to comprehensively integrate E-Home's advantageous resources in nanny, maternity matron, housekeeping and other household services personnel to achieve the interoperability of household + public places cleaning, service personnel and service capacities to meet the ever-evolving needs of our clients. This acquisition further implements our expansion strategy and strengthens our competitiveness in the market."

Sijie Cleaning is an integrated and professional cleaning company, providing one-stop high-end cleaning services. It is mainly engaged in providing cleaning services, environmental testing, formaldehyde treatment and indoor and outdoor wall cleaning. Sijie Cleaning has served many renowned public places including long-term cooperating partners, Fujian Hall and the Provincial Party Committee Reception Center - Fuzhou Lakeside Hotel with crystal lamp cleaning, daily cleaning and stone materials maintenance. Fuzhou Lakeside Hotel is the first high-end on-site cleaning project that Sijie Cleaning has undertaken since its inception, and the cooperation term is ten years. In addition, Sijie Cleaning owns a one-stop high-end home cleaning training base, providing comprehensive and professional personnel trainings, and a high-end home cleaning flagship store, providing leather care, dry cleaning, curtain cleaning and other services.

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