Company: EJH
Filing Date: 2025-10-30
Form Type: 20-F
Source: 0001213900-25-104179
Chunk: 144

Company: E-Home Household Service Holdings Ltd
Filing Date: 2025-10-30
Form: 20-F
Item: Item 10
Chunk 144
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prises in the pilot areas are also allowed to use revenues under capital accounts, such as capital funds, foreign debts and overseas
listing revenues for domestic payments without providing materials to the bank in advance for authenticity verification on an item by
item basis, while the use of funds should be true, in compliance with applicable rules and conforming to the current capital revenue management
regulations.

Regulations on Foreign Exchange Registration of Overseas Investment
by PRC Residents

SAFE issued the Circular on Relevant Issues
Relating to Domestic Resident’s Investment and Financing and Roundtrip Investment through Special Purpose Vehicles, or SAFE
Circular 37, which became effective in July 2014, to replace the Circular of the State Administration of Foreign Exchange on Issues
Concerning the Regulation of Foreign Exchange in Equity Finance and Roundtrip Investments by Domestic Residents through Offshore Special
Purpose Vehicles, to regulate foreign exchange matters in relation to the use of special purpose vehicles, or SPVs, by PRC residents
or entities to seek offshore investment and financing or conduct round trip investment in China. SAFE Circular 37 defines a SPV as an
offshore entity established or controlled, directly or indirectly, by PRC residents or entities for the purpose of seeking offshore financing
or making offshore investment, using legitimate onshore or offshore assets or interests, while “round trip investment” is
defined as direct investment in China by PRC residents or entities through SPVs, namely, establishing foreign-invested enterprises to
obtain the ownership, control rights and management rights. SAFE Circular 37 stipulates that, prior to making contributions into an SPV,
PRC residents or entities are required to complete foreign exchange registration with SAFE or its local branch. In addition, SAFE promulgated
the Notice on Further Simplifying and Improving the Administration of the Foreign Exchange Concerning Direct Investment in February
2015, which amended SAFE Circular 37 and became effective on June 1, 2015, requiring PRC residents or entities to register with qualified
banks rather than SAFE in connection with their establishment or control of an offshore entity established for the purpose of overseas
investment or financing.

PRC residents or entities that had contributed legitimate onshore or
offshore interests or assets to SPVs but had not obtained registration as required before the implementation of the SAFE Circular 37 must
register their ownership interests or control in the SPVs with qualified banks. An amendment to the registration is required if there
is a material change with respect to the SPV registered, such as any change