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E-House Files 2008 Annual Report on Form 20-F and Announces Upward Revision to Full Year 2008 Net Income

2009-05-05 17:45 2767

SHANGHAI, May 5 /PRNewswire-Asia/ -- E-House (China) Holdings Limited ("E-House") (NYSE: EJ), a leading real estate services company in China, today announced that it filed its Annual Report on Form 20-F for the year ended December 31, 2008 with the Securities and Exchange Commission on May 4, 2009. The Annual Report on Form 20-F can be accessed on the Company's investor relations website at http://ir.ehousechina.com . The Company will also provide a hard copy of its complete audited financial statements free of charge to its shareholders and ADS holders upon request. Requests should be directed to E-House (China) Holdings Limited, Investor Relations, 17/F, Merchandise Harvest Building (East), No. 333 North Chengdu Road, Shanghai, People's Republic of China, 200041.

The Company also announced that following its release of fourth quarter and full year 2008 financial results in March 2009, CRIC (Shanghai) Information Technology Co., Ltd., the Company's wholly owned subsidiary primarily engaged in providing real estate consulting and information services, received confirmation from PRC tax authorities that, as an approved high and new technology enterprise, it was subject to a 15% preferential income tax rate instead of the 25% statutory rate from 2008 to 2010. As a result, the Company has revised its full-year 2008 net income to $39.6 million from $37.3 million and its diluted earnings per ADS to $0.48 from $0.45.

About E-House

E-House (China) Holdings Limited ("E-House") (NYSE: EJ) is a leading real estate services company in China. Since its inception in 2000, E-House has experienced rapid growth and is China's largest real estate agency and consulting services company with a presence in more than 30 cities. In addition to its national presence, E-House offers a wide range of services to the real estate industry through its various business segments including primary sales agency, secondary brokerage, consulting and information services, advertising and investment management. E-House has received numerous awards for its innovative and high-quality services, including "China's Best Company" from the National Association of Real Estate Brokerage and Appraisal Companies and "China Enterprises with the Best Potential" from Forbes. E-House believes it has the largest and most comprehensive real estate database system in China, providing up-to-date and in-depth information covering residential and commercial real estate properties in all major regions in China. For more information about E-House, please visit http://www.ehousechina.com .

For investor and media inquiries please contact:

In China

Michelle Yuan

Manager, Investor Relations

E-House (China) Holdings Limited

Phone: +86-21-6133-0770

Email: liyuan@ehousechina.com

Cathy Li

Ogilvy Financial, Beijing

Phone: +86-10-8520-6104

Email: cathy.li@ogilvy.com

In the U.S.

Thomas Smith

Ogilvy Financial, New York

Phone: +1-212-880-5269

Email: thomas.smith@ogilvypr.com

Source: E-House (China) Holdings Limited
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Keywords: Real Estate
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