UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of, October 2021
Commission File Number 001-40375
E-Home Household Service Holdings Limited
(Translation of registrant’s name into English)
Floor 9, Building 14, HaixiBaiyue Town
No. 14 Duyuan Road, Luozhou Town
Cangshan District, Fuzhou City 350001
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On October 19, 2021, E-Home Household Service Holdings Limited (the “Company”) issued a press release announcing that on October 18, 2021, the Company’s wholly owned subsidiary, E-Home Household Service Technology Co., Ltd., a limited liability company established under the laws of the PRC as a wholly foreign owned enterprise (“E-Home WFOE”) entered into an equity transfer agreement (the “Equity Transfer Agreement”) with each of two variable interest entities of the Company, Pingtan Comprehensive Experimental Area E Home Service Co., Ltd. (“E-Home Pingtan”) and Fuzhou Bangchang Technology Co. Ltd. (“Fuzhou Bangchang”) and their respective shareholders, pursuant to which, E-Home WFOE exercised the options to acquire all of the equity interests in each of E-Home Pingtan and Fuzhou Bangchang from their respective shareholders. Upon the closing of the transactions after the equity transfers have been registered with the local government authorities, the Company’s existing variable interest entity structure will be dissolved and each of E-Home Pingtan and Fuzhou Bangchang will become a wholly owned indirect subsidiary of the Company.
Copies of Form of Equity Transfer Agreement and the press release are attached as Exhibit 99.1 and Exhibit 99.2, respectively, to this Report on Form 6-K and are incorporated by reference herein.
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EXHIBIT INDEX
| Exhibit | Description | |
| 99.1 | Form of Equity Transfer Agreement, dated October 18, 2021 | |
| 99.2 | Press Release, dated October 19, 2021 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: October 19, 2021 | E-home Household Service Holdings Limited | |
| By: | /s/ Wenshan Xie | |
| Wenshan Xie | ||
| Chief Executive Officer | ||
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Exhibit 99.1
股权转让协议
Equity Transfer Agreement
转让方： （以下简称甲方）
Transferor: (hereinafter referred to as “Party A”)
证件及号码：
Credential No.:
住所：
Address:
受让方：亿家快服（平潭）科技有限公司 （以下简称乙方）
Transferee: E-Home Household Service Technology Co., Ltd (hereinafter referred to as “Party B”)
证件及号码：统一社会信用代码
Credential No.: Unified Social Credit Code
住所：福州市平潭县潭城镇豪香御景花园15栋B座二层
Domicile: 2/F, Block B, Building 15, Haoxiang Royal Garden, Tancheng Town, Pingtan County, Fuzhou
本协议由甲方与乙方就[ ]公司的股权转让事宜， 2021年 月 日在福建省福州市平潭县岚城乡中湖村银华新庄（地号：65-1020-8）订立。
This Agreement is entered into by and between Party A and Party B on [ ], 2021 at Yinhua Xinzhuang, Zhonghu Village, Lancheng Town, Pingtan County, Fuzhou City, Fujian Province with respect to the equity transfer of [ ].
甲乙双方本着自愿、平等、公平、诚实信用的原则，经协商一致，达成如下协议：
Party A and Party B, in accordance with the principle of voluntariness, equality, fairness, honesty and credibility, have reached a consensus through consultation and reached the following agreement:
第一条 股权转让价格
Article 1 Transfer Price
甲方同意将持有[ ] 100%的股权（认缴出资额 [ ]万元人民币）以0万元人民币转让给乙方，乙方同意按此价格及金额购买该股权。
Party A agrees to transfer 100% equity interests in [ ] (with a subscribed capital subscription of RMB [ ]) to Party B for RMB0, and Party B agrees to purchase the equity interest at such price and amount.
第二条 保证
Article 2 Warranties
１、甲方保证所转让给乙方的股权是甲方在[ ] 公司的真实出资，是甲方合法拥有的股权，甲方拥有完全的处分权。甲方保证对所转让的股权，没有设置任何抵押、质押或担保，并免遭任何第三人的追索。否则，由此引起的所有责任，由甲方承担。
1、 Party A warrants that the equity transferred to Party B is the real capital contribution made by Party A in [ ], which is the equity lawfully owned by Party A, and Party A has full right to dispose of the said equity. Party A warrants that there is no mortgage, pledge or security set on the equity to be transferred and such equity is exempt from recourse by any third party. Otherwise, all liability arising therefrom shall be borne by Party A.
２、甲方转让其股权后，其在[ ]公司原享有的权利和应承担的义务，随股权转让而转由乙方享有与承担。
2、 After Party A transfers its equity, its rights and obligations with respect to [ ] shall be transferred to Party B.
３、乙方承认[ ]公司章程，保证按章程规定履行股东的权力、义务和责任。
3、 Party B acknowledges the Articles of Association of [ ] and undertakes to perform the shareholders’ rights, obligations and responsibilities in accordance with the Articles of Association.
第三条 盈亏分担
Article 3 Profits and Losses
公司依法办理变更登记后，乙方即成为[ ]公司的股东，按章程规定分享公司利润与分担亏损。
After the Company completes the change of registered items in accordance with law, Party B shall become the shareholder of [ ] and share the profits and losses of the Company in accordance with the Articles of Association.
第四条 股权转让的费用负担
Article 4 Assumption of Expenses for Equity Transfer
股权转让全部费用（包括手续费、税费等），由甲方承担。
All the expenses for the equity transfer (including handling fees, taxes, etc.) shall be borne by Party A.
第五条 协议的变更与解除
Article 5 Modification and Termination of the Agreement
发生下列情况之一时，可变更或解除协议，但双方必须就此签订书面变更或解除协议。
Upon occurrence of any of the following circumstances, this Agreement can be modified or terminated, provided that both parties shall conclude a written agreement on the modification or termination.
１、由于不可抗力或由于一方当事人虽无过失但无法防止的外因，致使本协议无法履行。
1、 Either party cannot perform this Agreement because of force majeure or unpreventable external cause despite no fault.
２、一方当事人丧失实际履约能力。
2、 Either party loses ability to perform this Agreement.
３、由于一方或双方违约，严重影响了守约方的经济利益，使协议履行成为不必要。
3、 One party or both parties default, severely affect the economic benefits of the other party and make it unnecessary to perform the Agreement.
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４、因情况发生变化，经过双方协商同意变更或解除协议。
4、 Upon mutual agreement, this Agreement may be modified or terminated due to a change of circumstances.
第六条 争议的解决
Article 6 Dispute Resolution
１、与本协议有效性、履行、违约及解除等有关争议，各方应友好协商解决。
1、 Any dispute relating to the validity, performance, breach and termination of this Agreement shall be resolved by the parties through friendly consultation.
２、如果协商不成，则任何一方均可申请仲裁或向人民法院起诉。
2、 In case no settlement can be reached through consultation, either party may apply for arbitration or file a lawsuit with the people’s court.
第七条 协议生效的条件和日期
Article 7 Effective Conditions and Date of this Agreement
本协议经转让双方签字后生效。
This Agreement shall come into effect upon the signature of the Parties.
第八条 本协议正本一式四份，甲、乙双方各执一份，报平潭综合实验区行政审批局一份，[ ]公司存一份，均具有同等法律效力。
Article 8 This Agreement is made in four originals, with each party of this agreement holding one copy and submitting one copy to the Administrative Examination and Approval Bureau of Pingtan Comprehensive Experimental Area and [ ] shall keep one copy, all of which are of the same legal effect.
| 甲方（签字或盖章）： | 乙方（签字或盖章）： | |
| Party A (Signature or Seal): | Party B (Signature or Seal): |
| 年 月 日 | |
| Date: |
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Exhibit 99.2
E-Home Household Service Holdings Limited Dissolves the VIE Structure
FUZHOU, China, October 19, 2021 /PRNewswire/ -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced that its indirectly wholly owned Chinese subsidiary, E-Home Household Service Technology Co., Ltd. (“E-Home WFOE”), has exercised the options to acquire 100% equity interests of each of Fuzhou Bangchang Technology Co. Ltd. (“Fuzhou Bangchang”) and Pingtan Comprehensive Experimental Area E Home Service Co., Ltd. (“E-Home Pingtan”), two variable interest entities (“VIEs”) of the Company from the shareholders of the VIEs. Mr. Wenshan Xie (“Mr. Xie”), the Chairman and Chief Executive Officer of the Company, beneficially owns more than 50% of each of the VIEs.
On February 20, 2019, E-Home WFOE entered into an exclusive option agreement with Fuzhou Bangchang and Fuzhou Bangchang’s shareholders, pursuant to which Fuzhou Bangchang’s shareholders granted E-Home WFOE or its designee(s) an exclusive, irrevocable options to purchase, from time to time, all or a part of equity interests in Fuzhou Bangchang at an exercise price of RMB 10, in the aggregate. On February 22, 2019, E-Home WFOE entered into another exclusive option agreement with E-Home Pingtan and E-Home Pingtan’s shareholders, pursuant to which E-Home Pingtan’s shareholders granted E-Home WFOE or its designee(s) an exclusive, irrevocable options to purchase, from time to time, all or a part of equity interests in E-Home Pingtan at an exercise price of RMB 10, in the aggregate.
On October 18, 2021, E-Home WFOE exercised the purchase options and entered into equity transfer agreements with Fuzhou Bangchang, E-Home Pingtan, and their shareholders, under which the shareholders agreed to transfer to E-Home WFOE all of their equity interests in each of Fuzhou Bangchang and E-Home Pingtan. The parties agreed that the closing of the transactions contemplated by the equity transfer agreements would take place on the date when the parties have completed the applicable PRC government registration(s) to effectuate the transfers of the equity interests.
Mr. Wenshan Xie, Chairman and Chief Executive Officer of the Company, commented, “We believe the dissolution of VIE structure will improve corporate governance and transparency for E-Home’s shareholders. We will continue to make more efforts to bring values to both our customers and our shareholders.”
About E-Home Household Service Holdings Limited
E-Home Household Service Holdings Limited is a household service company based in Fuzhou, China. The Company, through its website and WeChat platform “e家快服”, provides integrated household services, including appliance installation and maintenance, housekeeping services, Internet home and senior care, and hospital care. For more information, visit the Company’s website at http://www.ej111.com/ir.html.
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions are intended to identify such forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company’s filings with the SEC, that may affect the Company’s future results.
For more information, please contact:
Sherry Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: shunyu.zheng@weitian-ir.com