Company: EJH
Filing Date: 2025-10-30
Form Type: 20-F
Source: 0001213900-25-104179
Chunk: 231

Company: E-Home Household Service Holdings Ltd
Filing Date: 2025-10-30
Form: 20-F
Item: Item 19
Chunk 231
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 reduced from US$10.00to US$0.001by cancelling the paid up share capital to the extent of US$9.999per issued ordinary share by way of a reduction of capital so as to
form new issued ordinary share(s) with par value of US$0.001each immediately following the capital reduction becoming effective; (ii)
the authorized share capital of the Company shall be changed from US$1,000,020,000divided into (x)100,000,000shares designated as ordinary
shares with a nominal or par value of US$10per share and (y)10,000,000shares designated as preferred shares with a nominal or par value
of US$0.002per share to US$1,000,020,000divided into (x)1,000,000,000,000shares designated as ordinary shares with a nominal or par
value of US$0.001each and (y)10,000,000shares designated as preferred shares with a nominal or par value of US$0.002each.

Statutory Reserve

The Company is required to make appropriations
to certain reserve funds, comprising the statutory surplus reserve and the discretionary surplus reserve, based on after-tax net income
determined in accordance with generally accepted accounting principles of the PRC (“ PRC GAAP”). Appropriations to the statutory
surplus reserve are required to be at least10% of the after-tax net income determined in accordance with PRC GAAP until the reserve is
equal to50% of the entity’s registered capital. Appropriations to the discretionary surplus reserve are made at the discretion
of the Board of Directors. The reserved amounts as determined pursuant to PRC statutory laws totaled $664,100and $664,100as of June
30, 2025 and 2024.

Dividends

Dividends declared by the Company are based on
the distributable profits as reported in its statutory financial statements reported in accordance with PRC GAAP, which may differ from
the results of operations reflected in the consolidated financial statements prepared in accordance with US GAAP. The Company’s
ability to pay dividends is primarily from cash received from its operating activities in PRC. For the years ended June 30, 2025, 2024
and 2023, there were no Company dividend declared.

F-34

NOTE 17 - REVENUE

The Company disaggregated senior care
services revenue into the sales of the E-watch