E-Residence Family Service Holdings Restricted with Devoted Buyers to arrange Haixia Residence Administration School in Pingtan Complete Experimental Zone

FUZHOU, China, Dec. 22, 2022 /PRNewswire/ — E-Residence Family Service Holdings Restricted (Nasdaq: EJH) (the “Firm”…

E-Residence Family Service Holdings Restricted with Devoted Buyers to arrange Haixia Residence Administration School in Pingtan Complete Experimental Zone

FUZHOU, China, Dec. 22, 2022 /PRNewswire/ — E-Residence Family Service Holdings Restricted (Nasdaq: EJH) (the “Firm” or “E-Residence”), a supplier of built-in family providers in China, at present introduced that primarily based on the frequent growth need and mutual match growth benefits, in pleasant session, on the idea of mutual belief, cooperation and win-win scenario, the corporate has made substantial progress within the Haixia Residence Administration School which has been ready for greater than three years, i.e. reached settlement with particular buyers to spend money on the faculty, and on the identical time obtained the assist from the federal government of Pingtan Complete Experimental Zone to be formally settled in Pingtan, Haixia Residence Administration School will probably be mixed with related nationwide preferential insurance policies and revel in essentially the most preferential insurance policies in Pingtan Complete Experimental Zone.

At current, the house care service {industry} and the aged service {industry} have been displaying an annual development of 20%, from the central to native are involved concerning the growth of the {industry}. Nevertheless, few practitioners, irregular, low high quality, no normal, no qualification certificates, and so forth., have been plaguing the event of residence care and aged care {industry}. On the identical time, there is no such thing as a skilled school in China to manage the coaching of residence care providers. For the practitioners on this {industry}, most of them are nonetheless primarily educated by the enterprises themselves. E-Residence with devoted buyers is predicted to take a position 600 million RMB, and the primary section is predicted to take a position 300 million RMB to arrange a better schooling school in Pingtan, introducing a world superior schooling system to attain a three-year system, with a median annual full-time faculty measurement of 10,000 folks and tutorial upgrading observe. The non-academic schooling vocational coaching is predicted to be 30,000-50,000 individuals.

Haixia Residence Administration School may have the twin perform of upper specialised vocational schooling and residential administration service {industry}, in order that schooling {industry} and repair {industry} can higher combine and promote one another, industry-university-research, all-round, three-dimensional, industrialization to advertise the roots of Haixia Residence Administration School, mixed with enterprise sources to raised path and residential administration skilled college students to supply a full vary of sensible eventualities and employment alternatives, but additionally to supply residence administration {industry} with The completion of the faculty will probably be an essential and substantial occasion to advertise the event of residence administration {industry}.

Mr. Xie Wenshan, Chairman and CEO of E-Residence, commented, “Haixia Residence Administration School, as a better vocational schooling establishment, will drive the vocational schooling {industry} to an annual output worth of greater than 1 billion RMB. Haixia Residence Administration School is a school-enterprise cooperation mode of operation, and with the assistance of enterprise sources, college students will turn out to be certified residence economics practitioners, and thru the enterprise to kind industrialized growth and operation. With the mix of industry-academia-research, the faculty will have the ability to radiate to the entire nation, i.e. to do strong backing for eHome to march to the market worth of 10 billion and to do strong backing for the upgrading of residence administration service {industry} personnel.

About E-Residence Family Service Holdings Restricted

Established in 2014, E-Residence Family Service Holdings Restricted is a Nasdaq-listed family service firm primarily based in Fuzhou, China. The Firm, by way of its web site and WeChat platform “e-home”, supplies built-in family providers, together with 1) set up and upkeep of residence home equipment and good properties; 2) Housekeeping, nanny, confinement nurse and cleansing providers; 3) Web aged care + home-based aged care; 4) Hospital care; 5) Nanny supply platform.

After years of growth, the Firm has fashioned two fundamental providers and 4 auxiliary providers focusing on at particular person shoppers (ToC) and enterprise shoppers (ToB). 1) The ToC enterprise focuses on nanny, confinement nurse, home-based aged care and cleansing, and household complete service supplemented by different housekeeping providers. At current, it has efficiently related with metaverse know-how to understand metaverse-based customer support in addition to coaching of home staff. The ToB enterprise focuses on public cleansing and cleansing robotic gear. 4 auxiliary providers embody 1) docking and software of metaverse know-how to housekeeping and cleansing industries; 2) on-line and offline gross sales of drugs and well being meals (together with nannies and nursing staff); 3) coaching on nannies and nursing staff to interact in well being care in bodily shops; 4) human sources (versatile employment).

E-Residence has turn out to be a contemporary enterprise of complete service for household life. The Firm at all times adheres to the enterprise philosophy of “fixing each concern of shoppers with coronary heart”, and to the code of conduct of “doing all the things properly with coronary heart”. The Firm goals to set the benchmark of the family service {industry}. For extra info, go to the Firm’s web site at http://www.ej111.com/ir.html.

Ahead-Trying Assertion

All statements aside from statements of historic truth on this announcement are forward-looking statements in nature throughout the that means of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements contain recognized and unknown dangers and uncertainties and are primarily based on present expectations and projections about future occasions and monetary developments that the Firm believes could have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Phrases or phrases resembling “could,” “will,” “count on,” “anticipate,” “purpose,” “estimate,” “intend,” “plan,” “consider,” “potential,” “proceed,” “is/are more likely to” or different related expressions are supposed to establish such forward-looking statements. The Firm undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by legislation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will turn into right, and the Firm cautions buyers that precise outcomes could differ materially from the anticipated outcomes and encourages buyers to think about danger components, together with these described within the Firm’s filings with the SEC, which will have an effect on the Firm’s future outcomes. All forward-looking statements attributable to the Firm and its subsidiaries or individuals appearing on their behalf are expressly certified of their entirety by these danger components.

SOURCE E-Residence Family Service Holdings Restricted

E-Residence Family Service Holdings Restricted with Devoted Buyers to arrange Haixia Residence Administration School in Pingtan Complete Experimental Zone