IONIX TECHNOLOGY, INC. (OTCMKTS:IINX) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
OnOctober 15, 2018, the Company issued a press release, attached as Exhibit 99.1, announcing the entry into an oral agreement of intention to acquire 50% of China Changchun Fangguan Electronic Technology Co., Ltd. ("Changchun Fangguan"). The oral agreement of the parties is non-binding; the Company has commenced and shall complete its audit review and due diligence prior to entry into a definitive purchase agreement. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information set forth in the attached Exhibit 99.1 shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 7.01 Financial Statements and Exhibits.
(d)Exhibits.
IONIX TECHNOLOGY, INC. ExhibitEX-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.