By sampay FUZHOU, China, Oct. 21, 2022 (GLOBE NEWSWIRE) — E-House Family Service Holdings Restricted (Nasdaq: EJH) (the “Firm” or “E-House”), a supplier of built-in family companies in China, introduced as we speak that the Firm’s subsidiary Zhongrun (Fujian) Pharmaceutical Co., Ltd. (“Zhongrun”) has outlined a brand new strategic marketing strategy to develop market protection and medical product choices through on-line and offline gross sales networks in Fujian province, China. Zhongrun additionally reached partnership with prime conventional Chinese language drugs (“TCM”) firm Zhejiang Huisong Pharmaceutical Co. Ltd. (“Huisong”).
Pursuant to the marketing strategy, Zhongrun will develop from the prevailing pharmaceutical wholesale enterprise to the retail market by means of each offline and on-line gross sales channels. Zhongrun will provoke in-depth cooperation with offline pharmaceutical chain shops and with main on-line pharmaceutical e-commerce platforms. On the similar time, Zhongrun additionally plans to enter into the upstream manufacturing and processing enterprise of prescription drugs, healthcare merchandise and units, to construct up its personal model or authentic tools producer (OEM) mannequin.
Pursuant to the partnership with Huisong, Zhongrun will assist provide and distribute epidemic prevention and influenza medication akin to herb houttuyniae electuaries in China Fujian province produced by Huisong, one of many prime 10 TCM exporters in China. The partnership is predicted to generate annual gross sales of about RMB 20 million.
Mr. Wenshan Xie, Chairman and CEO of E-House, commented: “Our new try and enter into the upstream processing and manufacturing industries of prescription drugs and healthcare merchandise business chain may even assist the Firm to additional enhance its profitability amid the Covid-19 epidemic and the upcoming influenza season. Along with the brand new income stream from partnership with Huisong, we additionally anticipate that the newly launched pharmaceutical e-commerce cooperation mission to generate further gross sales of about RMB20 million within the subsequent 12 months. We’re thrilled to announce partnership with China’s prime TCM firm Huisong to collectively develop our companies in Fujian, which is one other recognition to our sturdy native gross sales community and enterprise operation.”
About E-House Family Service Holdings Restricted
Established in 2014, E-House Family Service Holdings Restricted is a Nasdaq-listed family service firm primarily based in Fuzhou, China. The Firm, by means of its web site and WeChat platform “e家快服”, supplies built-in family companies, together with 1) set up and upkeep of house home equipment and sensible houses; 2) Housekeeping, nanny, confinement nurse and cleansing companies; 3) Web aged care + home-based aged care; 4) Hospital care; 5) Nanny supply platform.
After years of growth, the Firm has shaped two important companies and 4 auxiliary companies concentrating 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 companies. At current, it has efficiently related with metaverse know-how to appreciate metaverse-based customer support in addition to coaching of home staff. The ToB enterprise focuses on public cleansing and cleansing robotic tools. 4 auxiliary companies embrace 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 have interaction in well being care in bodily shops; 4) human sources (versatile employment).
E-House has turn into a contemporary enterprise of complete service for household life. The Firm all the time adheres to the enterprise philosophy of “fixing each problem of consumers with coronary heart”, and to the code of conduct of “doing every part nicely with coronary heart”. The Firm goals to set the benchmark of the family service business. For extra data, go to the Firm’s web site at http://www.ej111.com/ir.html.
Ahead-Trying Assertion
All statements apart from statements of historic reality on this announcement are forward-looking statements in nature inside 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 tendencies that the Firm believes could have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Phrases or phrases akin to “could,” “will,” “anticipate,” “anticipate,” “purpose,” “estimate,” “intend,” “plan,” “consider,” “potential,” “proceed,” “ is/are prone to” or different comparable 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 regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can not guarantee you that such expectations will transform right, and the Firm cautions buyers that precise outcomes could differ materially from the anticipated outcomes and encourage buyers to contemplate threat components, together with these described within the Firm’s filings with the SEC, that 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 threat components.
For extra data, please contact:
Chunming Xie
Investor Relations
Electronic mail: [email protected]
Telephone: +86 15359908086