Exhibit 99.1
E-HOME HOUSEHOLD SERVICE HOLDINGS LIMITED
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
AS OF DECEMBER 31, 2025 AND JUNE 30, 2025
AND
FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024
E-HOME HOUSEHOLD SERVICE HOLDINGS LIMITED
INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
F-1
E-HOME HOUSEHOLD SERVICE HOLDINGS LIMITED
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2025 (UNAUDITED) AND JUNE 30, 2025
(IN U.S. DOLLARS, EXCEPT FOR NUMBER OF SHARES DATA)
| As of | ||||||||
| December 31, 2025 (Unaudited) | June 30, 2025 (Audited) | |||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | $ | ||||||
| Restricted cash | ||||||||
| Accounts receivable | ||||||||
| Advances to suppliers | ||||||||
| Loan receivables | ||||||||
| Due from related parties | ||||||||
| Prepayments, deposits and other current assets | ||||||||
| Total current assets | ||||||||
| Non-current assets | ||||||||
| Property, plant and equipment, net | ||||||||
| Operating lease - right-of-use assets, net | ||||||||
| Long-term deposits and other non-current assets | ||||||||
| Total non-current assets | ||||||||
| TOTAL ASSETS | $ | $ | ||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable and accrued expenses | $ | $ | ||||||
| Contract liabilities | ||||||||
| Taxes payable | ||||||||
| Current maturities of operating lease liabilities | ||||||||
| Due to related parties | ||||||||
| Total current liabilities | ||||||||
| Non-current liabilities | ||||||||
| Long-term portion of operating lease liabilities | ||||||||
| Deferred tax liabilities | ||||||||
| Total non-current liabilities | ||||||||
| TOTAL LIABILITIES | ||||||||
| Commitments and contingencies | ||||||||
| SHAREHOLDERS’ EQUITY | ||||||||
| Ordinary shares, $ | ||||||||
| Additional paid-in capital | ||||||||
| Statutory reserve | ||||||||
| Accumulate deficits | ( | ) | ( | ) | ||||
| Accumulated other comprehensive loss | ( | ) | ( | ) | ||||
| Total equity attributable to shareholders | ||||||||
| Non-controlling interest | ||||||||
| TOTAL SHAREHOLDERS’ EQUITY | ||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | $ | ||||||
| * |
F-2
E-HOME HOUSEHOLD SERVICE HOLDINGS LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER
COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024
(IN U.S. DOLLARS, EXCEPT SHARES DATA)
(UNAUDITED)
| For the six months ended December 31, | ||||||||
| 2025 | 2024 (Reclassified) | |||||||
| Revenues | ||||||||
| Installation and maintenance | $ | $ | ||||||
| Housekeeping | ||||||||
| Senior care services | ||||||||
| Educational consulting services | ||||||||
| Total revenues | ||||||||
| Cost of revenues | ||||||||
| Installation and maintenance | ||||||||
| Housekeeping | ||||||||
| Senior care services | ||||||||
| Educational consulting services | ||||||||
| Total cost of revenues | ||||||||
| Gross profit | ||||||||
| Operating expenses | ||||||||
| Sales and marketing expenses | ||||||||
| General and administrative expenses | ||||||||
| Total operating expenses | ||||||||
| Loss from operations | ( | ) | ( | ) | ||||
| Other income (expenses), net | ||||||||
| Interest income | ||||||||
| Other expenses, net | ( | ) | ( | ) | ||||
| Total other income, net | ||||||||
| Loss before income taxes | ( | ) | ( | ) | ||||
| Income tax expense | ( | ) | ||||||
| Net loss from continuing operations | $ | ( | ) | $ | ( | ) | ||
| Discontinued operations: | ||||||||
| Loss from discontinued operations, net of income taxes | ( | ) | ||||||
| Gain on disposal of discontinued operations, net of tax | ||||||||
| Net income from discontinued operations | ||||||||
| Net loss | ( | ) | ( | ) | ||||
| Including: | ||||||||
| Net loss attributable to the Company’s shareholders | ( | ) | ( | ) | ||||
| Net income attributable to non-controlling interests | ||||||||
| Net loss | $ | ( | ) | $ | ( | ) | ||
| Other comprehensive income (loss) | ||||||||
| Foreign currency translation adjustment, net of nil tax | ( | ) | ||||||
| Total comprehensive income (loss) | $ | $ | ( | ) | ||||
| Net loss per ordinary share - basic | ( | ) | ( | ) | ||||
| Net loss per ordinary share - diluted | ( | ) | ( | ) | ||||
| Weighted average number of ordinary shares outstanding - basic | * | * | ||||||
| Weighted average number of ordinary shares outstanding - diluted | * | * | ||||||
| * |
F-3
E-HOME HOUSEHOLD SERVICE HOLDINGS LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024
(IN U.S. DOLLARS, EXCEPT SHARES DATA)
(UNAUDITED)
| Number of Shares* | Ordinary Shares* | Additional paid-in capital* | Statutory reserve | Accumulated deficits | Accumulated other comprehensive loss | Non-controlling interest | Total shareholders’ equity | |||||||||||||||||||||||||
| Balance as of June 30, 2024 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | $ | |||||||||||||||||||||
| Net loss | - | - | ( | ) | ( | ) | ||||||||||||||||||||||||||
| Foreign currency translation adjustment | - | - | ( | ) | ( | ) | ||||||||||||||||||||||||||
| Disposal of equity in Zhongrun | - | - | ( | ) | ( | ) | ||||||||||||||||||||||||||
| Shares issued to investors | ||||||||||||||||||||||||||||||||
| Reverse stock split | ( | ) | ||||||||||||||||||||||||||||||
| Balance as of December 31, 2024 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||||||
| Balance as of June 30, 2025 | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| Net loss (income) | - | - | ( | ) | ( | ) | ||||||||||||||||||||||||||
| Foreign currency translation adjustment | - | - | ||||||||||||||||||||||||||||||
| Shares issued to investors | ||||||||||||||||||||||||||||||||
| Balance as of December 31, 2025 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | $ | |||||||||||||||||||||
| * |
F-4
E-HOME HOUSEHOLD SERVICE HOLDINGS LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024
(IN U.S. DOLLARS)
(UNAUDITED)
| For the six months ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Cash provided by operating activities | ||||||||
| Net loss | $ | ( | ) | $ | ( | ) | ||
| Adjustments to reconcile net loss to net cash: | ||||||||
| Income tax expense | ||||||||
| Interest expense | ||||||||
| (Reversal of) Provision for allowance of expected credit losses | ( | ) | ||||||
| Depreciation and amortization | ||||||||
| Amortization of right-of-use assets | ||||||||
| Written off of property, plant and equipment | ||||||||
| Gain on disposal of discontinued operations | ( | ) | ||||||
| Changes in operating assets and liabilities | ||||||||
| Accounts receivables | ||||||||
| Advance to suppliers | ||||||||
| Inventories | ||||||||
| Prepayments, deposits and other current assets | ||||||||
| Long-term deposits and other non-current assets | ||||||||
| Accounts payable and accrued expenses | ( | ) | ( | ) | ||||
| Contract liabilities | ||||||||
| Taxes payable | ( | ) | ( | ) | ||||
| Operating lease liabilities | ( | ) | ||||||
| Net cash provided by (used in) operating activities | ( | ) | ||||||
| Investing Activity | ||||||||
| Collection from (Disbursements of) loan receivables | ( | ) | ||||||
| Due from related parties | ||||||||
| Net cash provided by (used in) investing activities | ( | ) | ||||||
| Financing Activities | ||||||||
| Proceeds from share issuance | ||||||||
| Borrowing from (Repayment to) related parties | ( | ) | ||||||
| Net cash provided by financing activities | ||||||||
| Net increase in cash and cash equivalents | ||||||||
| Effects of currency translation | ( | ) | ||||||
| Cash and cash equivalents at beginning of period | ||||||||
| Cash and cash equivalents at end of period | $ | $ | ||||||
| SUPPLEMENTAL DISCLOSURES | ||||||||
| Income taxes paid | $ | $ | ||||||
| Interest paid | $ | $ | ||||||
| Non-cash transactions | ||||||||
| Disposal of equity in Zhongrun | $ | $ | ||||||
F-5