IONIX TECHNOLOGY, INC. (OTCMKTS:IINX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
On January 22, 2019, Yubao Liu resigned from his position as chairman of the Board of Directors (the “Board”) to devote more time to the strategic aspects of business of the Company and will continue to serve as Chief Executive Officer, President, Secretary, Treasurer and a director of the Company. On January 22, 2019, the Board appointed Bailiang Yang, age 53, as a director and Chairman of the Board, effective upon Mr. Liu’s resignation. Mr. Yang has an extensive experience in in the field of photoelectric display and smart energy. He has presided over and played a pivotal role in many major scientific research projects of the Chinese Academy of Sciences . Prior to joining the Company, from December 2017 until January 2019, Mr. Yang served as vice general manager of Dalian Taiyang Juzhan Technology Co., Ltd., and from December 2013 to December 2017, Mr. Yang, has served as general manager of Dalian Bike New Energy Technology Development Co., Ltd. Mr. Yang holds a doctor of engineering degree from Institute of Multidisciplinary Research for Advanced Materials at Tohoku University in Japan.
On January 22, 2019, the Board also appointed Jialin Liang, age 51, and Xuemei Jiang, age 44, as members of the Board, effective immediately.
Mr. Liang has an extensive experience in microelectronics, and since 2007, serves as general manager of Changchun Fangguan Electronics Technology Co., Ltd. Mr. Liang is a beneficial owner of 8.3% of the Company’s outstanding common stock. Mr. Liang received his bachelor degree in microelectronics from Nankai University.
Ms. Jiang has over 10 years of experience in finance and taxation. Since 20017, she serves as vice general manager of Changchun Fangguan Electronics Technology Co., Ltd. Ms. Jiang received her bachelor degree in accounting from Jilin Finance and Taxation College in China.
| Item 7.01 | Regulation FD Disclosure |
Attached hereto as Exhibit 99.1 is a press release we issued on January 24, 2019, announcing appointments of Mr. Bailiang Yang as a director and Chairman of the Board and each of Mr. Liang and Ms. Jiang as a director.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
IONIX TECHNOLOGY, INC. Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 EXHIBIT 99.1 Ionix Technology,…
To view the full exhibit click here
About IONIX TECHNOLOGY, INC. (OTCMKTS:IINX)
Ionix Technology, Inc., formerly Cambridge Projects Inc., through its subsidiaries Well Best International Investment Limited (Well Best), Xinyu Ionix Technology Company Limited (Xinyu Ionix) and Taizhou Ionix Technology Company Limited (Taizhou Ionix), is engaged in developing, designing, manufacturing and selling lithium batteries for electric vehicles in China. The Company’s products include 18650-2000 milli-ampere-hour (mAh) lithium ion batteries (LIB) for use in lithium cell electronic bicycles, balance cars, scooters, electric vehicles, special vehicles at low speed, energy storage, and other products. Its LIB is a rechargeable electric device within which lithium moves from a negative electrode to a positive electrode during the discharge and back charging. The four main materials used in its LIBs are cathode materials, anode materials, operators and electrolytic solution. Its LIBs are used as the power supply for devices, such as mobile phones, digital cameras and power tools.
