On March 30, 2021, the Board of Directors of Ionix
Technology, Inc. (the “Company”) approved and ratified the incorporation of Huixiang Energy Technology (Suzhou) Co., Ltd.
(“Huixiang Energy”), a limited liability company formed under the laws of the Peoples Republic of China (PRC) on March 18,
2021. Well Best International Investment Limited, a limited liability company formed under the laws of Hong Kong Special Administrative
Region (“Well Best”), and a wholly owned subsidiary of the Company, is the sole shareholder of Huixiang Energy. As a result,
Huixiang Energy is an indirect, wholly-owned subsidiary of the Company.
Huixiang Energy shall conduct research and development
of next generation advanced battery technologies, manufa cture and sales of relevant battery products, including the solid state rechargeable
lithium ion battery for next generation EV and energy storage systems. Huixiang Energy will also focus on the operation of battery packs,
battery systems and electric vehicles sharing business with its own internet sharing platform relating to the electric vehicles (online
EV hailing services) and its relevant batteries and battery systems. Huixiang Energy will operate in Suzhou City, Jiangsu Province, China.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Ionix Technology, Inc.
Date: March 30, 2021
/s/ Cheng Li
Duly Authorized officer, Chief Executive Officer
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