E-Home Household Service announces 1-for-25 share consolidation

E-Home Household Service (EJH) will implement a share consolidation of the issued and authorized ordinary shares of the company at a ratio of not less than 1-for-25, effective at the opening of trading on March 30. The current pre-split number of ordinary shares outstanding is 80,003,859 and the post-split number of ordinary shares outstanding will be approximately 3,200,155. The new CUSIP number for the company’s ordinary shares post-consolidation is G2952X161. The share consolidation is primarily being effectuated to comply with Nasdaq Rule 5550(a) related to the minimum bid price per share of the company’s ordinary shares. After the share consolidation, the authorized share capital will be $1,000,020,000 divided into 800M shares designated as ordinary shares with a par value of $1.25 per share and 10M shares designated as preferred shares with a nominal or par value of 0.2c per share. Shareholders will receive 1 post-consolidation ordinary share for every 25 pre-consolidation ordinary shares held by them. Shareholders’ percentage ownership interest in the company and proportional voting power will remain unchanged.