On December 29, 2016, the Ionix Technology, Inc. (the “Company”) ratified and approved the acquisition of 99.9% of the issued and outstanding stock of Welly Surplus International Limited (“Welly Surplus”), discussed below, of which Mr. Xin Sui is President and a member of the board of directors of Welly Surplus, a limited company formed under the laws of Hong Kong on January 18, 2016. The Company, as the majority shareholder of Welly Surplus, has ratified the appointment of Mr. Sui to his positions at Welly Surplus. The biography of Mr. Sui is set forth below.

Xin Sui- 37, was born in Jiamusi, Heilongjiang Province. He received a bachelor degree in Finance from Jiamusi University in 2002. Mr. Sui worked as assistant to the Chairman for Dalian Great Wall Economic and Trade Company from 2007 to 2015 where he assisted in the drafting of regulations and laws of the company, ensured the Company was achieving its business goals, and attended business negotiations on behalf of the Chairman. Mr. Sui incorporated Welly Surplus in 2016 to serve as an investment holding company.

On December 29, 2016, the Company as the majority shareholder of Welly Surplus appointed Ms. Doris Zhou as a member of the board of directors of Welly Surplus. Additionally, Ms. Zhou will be authorized as a signatory on all matters related to Welly Surplus. The biography of Ms. Zhou, who is also the Company’s current Chief Executive Officer, Secretary, Treasury and sole board member, was filed as a part of the Company’s current report on Form 8-K as filed with the Commission on November 23, 2015 and is incorporated by reference herein.

Item 8.01 Other Events.

On December 29, 2016, the Company’s Board of Directors approved and ratified the acquisition of 99.9% of the issued and outstanding stock of Welly Surplus International Limited, a limited company formed under the laws of Hong Kong on January 18, 2016, in exchange for 99,999 HK dollars (the “Acquisition”). As a result of the Acquisition, the Company became the majority shareholder of Welly Surplus, owning 99.99% of the issued and outstanding stock of Welly Surplus, and Welly Surplus is now a majority owned subsidiary of the Company. As the closing of the Acquisition, Ms. Zhou was appointed as a member of the board of directors of Welly Surplus. Welly Surplus will act as the accounting and financial base for the Company and shall focus on assisting the Company with all of the Company’s financial affairs.

About IONIX TECHNOLOGY, INC. (NYSE:EMC)

EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure, Pivotal and Virtustream. EMC’s Information Infrastructure business provides a foundation for organizations to store, manage, protect, analyze and secure information. EMC’s VMware Virtual Infrastructure business is engaged in virtualization and cloud infrastructure solutions that enable businesses to help transform the way they build, deliver and consume IT resources in a manner that is based on their specific needs. EMC’s Pivotal business unites strategic technology, people and programs from EMC and VMware and has a platform that consists of data, agile development practices and a cloud independent platform-as-a-service.

IONIX TECHNOLOGY, INC. (NYSE:EMC) Recent Trading Information

IONIX TECHNOLOGY, INC. (NYSE:EMC) closed its last trading session at 0.0000 with 102,673,327 shares trading hands.