Business
E-Home Household Services Holdings Limited Awarded Client Household Service Contract from PICC Property and Casualty Co. Ltd.’s Fujian Company
FUZHOU, China, July 06, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated
About this update from E-home Household Service Holdings Limited
[{"type":"text","content":"FUZHOU, China, July 06, 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 the Company has been awarded service contract from PICC Property and Casualty Co. Ltd.’s Fujian company (“PICC Fujian”), to provide property and household appliance cleaning and maintenance services for PICC Fujian’s clients. Pursuant to the contract with PICC Fujian, E-Home will be the designated household service provider for PICC Fujian’s insurance clients who purchase insurance products from PICC Fujian and are offered additional housekeeping services as part of an incentive rebate program. The partnership with PICC would bring in about RMB2-3 millions service revenue annually. Meanwhile, Putian YouYou Cleaning Co., Ltd. (“YouYou”), a subsidiary of the Company, has been awarded RMB1.4 million new property cleaning contract by Fujian Bon Property Management Group’s Quanzhou subsidiary (“Bon Quanzhou”). Based on the contract signed, YouYou will provide daily sweep and maintain cleanliness at two designated neighborhoods under Bon Quanzhou’s management. YouYou is a leading cleaning services provider and a member enterprise at Fujian Province Cleaning Industry Association. E-Home acquired 60% of equity interests in YouYou in January. Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: “PICC, as one of the leading insurance companies in China, has broad insurance customer base. We are delighted to be selected by our esteemed client PICC to provide high-quality services, which definitely serves as a testament to our standard and reputation in the industry. We strive to maintain a long and productive partnership with PICC, which shall help generate consistent revenue for E-Home. Youyou continues to operate as an important subsidiary that helps us generate sustainable and significant revenue since the acquisition. We are confident that E-Home will keep this good momentum and seek to continue grow our business for the current financial year.” 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...