E-Home Household Service approves share consolidation

E-Home Household Service (EJH) Holdings announced that at an extraordinary general meeting of the Company held on May 1, its shareholders have approved the resolution of a share consolidation of the issued and authorized ordinary shares of the Company at a ratio of not less than 1-for-2 and not more than 1-for-50, with the exact ratio to be set at a whole number within this Range to be determined by the Board of the Directors of the Company in its sole discretion within 180 calendar days after the date of passing of these resolutions. The Company’s shareholders will receive one post-consolidation ordinary share for every fifty pre-consolidation ordinary shares held by them. Immediately after the Share Consolidation, each shareholder’s percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares.