Company: EJH
Filing Date: 2025-10-30
Form Type: 20-F
Source: 0001213900-25-104179
Chunk: 208

Company: E-Home Household Service Holdings Ltd
Filing Date: 2025-10-30
Form: 20-F
Item: Item 19
Chunk 208
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 the Company recorded customer relationships of $6,321,792with useful
life offive yearsas intangible assets. The valuation reports considered generally accepted valuation methodologies such as the income,
market and cost approaches. Customer relationships recorded by the Company includes Zhongrun’s practice of establishing relationships
with its customers through contracts and regular contact by sales and representatives.

On July 30, 2022, the Company’s board of
directors approved proposal per Mr. Xie to acquire100% of the equity interests of Chuangying and its subsidiaries from Lin Jianying,
in consideration for an aggregate of14,438,584ordinary shares (144ordinary shares retrospectively adjusted for effect of reverse stock
splits on September 23, 2022, April 13, 2023, September 25, 2023, February 14, 2024 and September 24, 2024) of the Company valued at RMB39.2million (approximately $5.59million) with a per share issuance price equal to130% of the average of the Nasdaq closing price for the
consecutivetwentytradingdayspreceding July 26, 2022, or $0.39.

Based on the valuations report from independent
third-party valuation firms used in the purchase price allocation, the Company recorded customer relationships of $1,426,798with useful
life often yearsand copyrights and trademarks of $242,556with useful life offive yearsas intangible assets. The valuation reports
considered generally accepted valuation methodologies such as the income, market and cost approaches. Customer relationships recorded
by the Company includes Chuangying’s practice of establishing relationships with its customers through contracts and regular contact
by sales and representatives.

As of June 30, 2025 and 2024, there werenoany
pledged intangible assets to secure bank loans, respectively. The Company recorded amortization expense of $2,369, $10,097and $1,449,911for the years ended June 30, 2025, 2024 and 2023, respectively. For the years ended June 30, 2025, 2024 and 2023, the Company recorded impairment losses for intangible assetsof Nil, Niland $6,551,529, respectively.

For the year ended June 30, 2025, the Company
wrote off customer relationships with a carrying amount of$0(cost of $6,321,