Company: EJH
Filing Date: 2025-08-11
Form Type: 424B5
Source: 0001213900-25-074324
Chunk: 87

Company: E-Home Household Service Holdings Ltd
Filing Date: 2025-08-11
Form: 424B5
Chunk 87
---
 a lack of adherence thereto and, in many cases, allegations of fraud.

In recent years, as part of increased regulatory
focus in the United States on access to audit information, the United States enacted the HFCA Act in December 2020. The HFCA Act includes
requirements for the SEC to identify issuers whose audit reports are prepared by auditors that the PCAOB is unable to inspect or investigate
completely because of a restriction imposed by a non-U.S. authority in the auditor’s local jurisdiction. The HFCA Act also requires
public companies on this SEC list to certify that they are not owned or controlled by a foreign government and make certain additional
disclosures in their SEC filings. In addition, if the auditor of a U.S. listed company’s financial statements is not subject to
PCAOB inspections for three consecutive “non-inspection” years after the law becomes effective, the SEC is required to prohibit
the securities of such issuer from being traded on a U.S. national securities exchange, such as NYSE and Nasdaq, or in U.S. over-the-counter
markets. On March 24, 2021, the SEC announced that it had adopted interim final amendments to implement the foregoing certification and
disclosure requirements and that it was seeking public comment on the issuer identification process as well as the submission and disclosure
requirements. On May 13, 2021, the PCAOB issued proposed PCAOB Rule 6100 Board Determinations Under the Holding Foreign Companies Accountable
Act for public comment. The proposed rule provides a framework for making determinations as to whether PCAOB is unable to inspect an audit
firm in a foreign jurisdiction, including the timing, factors, bases, publication and revocation or modification of such determinations,
and such determinations will be made on a jurisdiction-wide basis in a consistent manner applicable to all firms headquartered in the
jurisdiction.

Furthermore, on June
22, 2021, the U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act, which if enacted into law would amend the
HFCA Act and require the SEC to prohibit an issuer’s securities from trading on U.S. stock exchanges if its auditor is not subject
to PCAOB inspections for two consecutive “non-inspection” years instead of three. On September 22, 2021, the PCAOB adopted
a final rule implementing the HFCA Act, which provides a framework for the PCAOB to use when determining, as contemplated under the HFCA
Act