E-Home Household Service Holdings Limited (NASDAQ: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced that the Company starts suppling raw ingredients for traditional Chinese medicine via acquisition of majority ownership in Zhongrun (Fujian) Pharmaceutical Co., Ltd. (“Zhongrun”).
E-Home announced on July 22 that the Company has acquired 55% of equity interests in Zhongrun, which operates as a drug wholesaler and logistics distributor specializing in all kinds of traditional (patent) Chinese medicines, antibiotics, dietary supplements and medical devices.
Zhongrun has entered and will seek to expand partnership with hospitals, clinics and drug stores in China to grow sales and also supply key herb ingredients for the production of specialized Chinese medicines that are rooted in ancient knowledge and principles.
Some of the ingredients provided by Zhongrun have been used for thousands of years as key herbs in traditional Chinese medicine, which may have health effects, such as lowering blood pressure, alleviating cold and flu symptoms, reducing pain and enhancing immune system against contagious diseases.
Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: “Chinese traditional medicine has a long history. With more Chinese people exploring new health trends, we believe traditional Chinese medicine products with health-preserving and healthcare effects have significant growing potential. The acquisition of Zhongrun gives E-Home opportunities to enter into the big health and Chinese medicinal products industry. We will leverage our advantages to provide our clients with effective and high-quality supply chain and healthcare services. Meanwhile the expanded sales of Chinese traditional medicine products will also help safeguard our Company’s business performance.”
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???”, 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.
After years of development, the Company has formed two main services and four auxiliary services targeting at individual consumers (ToC) and business clients (ToB). 1) The ToC business focuses on nanny, sister-in-law, home-based elderly care and cleaning, and family comprehensive service supplemented by other housekeeping services. At present, it has successfully connected with metaverse technology to realize metaverse-based customer service as well as training of domestic workers. The ToB business focuses on public cleaning and cleaning robotic equipment. Four auxiliary services include 1) docking and application of metaverse technology to housekeeping and cleaning industries; 2) online and offline sales of medicine and health food (including nannies and nursing workers); 3) training on nannies and nursing workers to engage in health care in physical stores; 4) human resources (flexible employment).
E-Home has become a modern enterprise of comprehensive service for family life. The Company always adheres to the business philosophy of “solving every issue of customers with heart”, and to the code of conduct of “doing everything well with heart”. The Company aims to set the benchmark of the household service industry. For more information, visit the Company’s website at http://www.ej111.com/ir.html.