Item 8.01 Other Events.

Establishment of Huixiang Energy Technology (Suzhou) Co., Ltd.

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, manufacture 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.

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