E-Home Household Service Holdings Ltd Announces Share Consolidation

E-Home Household Service Holdings Limited, a Chinese company specializing in home appliance and household services, has announced a significant share consolidation. The company, listed on the Nasdaq under the symbol “EJH,” operates in the Consumer Discretionary sector and provides distribution, installation, repairing, and maintenance of home appliances in China.

On May 27, 2025, E-Home disclosed that its shareholders approved a share consolidation at an extraordinary general meeting held on May 1, 2025. The consolidation ratio was set at one-for-fifty, as determined by the Board of Directors. This decision was made to comply with Nasdaq’s listing requirements, which necessitate a minimum share price threshold.

The consolidation will result in a reduction of the company’s outstanding shares from 183,690,171 to approximately 3,673,850. The shares will begin trading on a post-consolidation basis on May 30, 2025. The company’s close price on May 27, 2025, was $0.106, reflecting a significant drop from its 52-week high of $15.50 on July 24, 2024, and a low of $0.075 on May 7, 2025.

E-Home’s market capitalization stands at $16,000,000, with a negative price-to-earnings ratio of -0.000446, indicating the company’s current financial challenges. The share consolidation is a strategic move to stabilize the stock price and maintain compliance with Nasdaq’s listing standards.

This consolidation is part of E-Home’s efforts to navigate its financial landscape and continue providing integrated household services in China. The company remains focused on its core operations, despite the recent fluctuations in its stock performance.