Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
On May 6, 2021, the Board of Directors and the holders of the majority of issued
and outstanding voting securities of Ionix Technology Inc. ("we," "us," "our,"
or the "Company") approved the amendment (the "Amendment") to our Articles of
Incorporation to increase the authorized number of shares of common stock from
200,000,000 to 400,000,000 shares consisting of: (i) 395,000,000 shares of
common stock, par value $0.0001 per share ("Common Stock"); and (ii) 5,000,000
shares of preferred stock par value $0.0001 per share ("Preferred Stock") (the
"Authorized Share Increase") and related Certificate of Amendment to Articles of
Incorporation. The approval was made in accordance with Sections 78.320 and
78.390 of the Nevada Revised Statues, which provide that a corporation's
articles may be amended by written consent of the stockholders representing at
least a majority of the voting power. The Amendment was filed with the Nevada
Secretary of State on June 7, 2021.
The Amendment was filed following the necessary waiting period following the
filing of and mailing of our Information Statement on Schedule 14C filed
pursuant to Rule 14c-2 of the Securities Exchange Act of 1934.
A copy of the Amendment is attached hereto as Exhibit 3.1.
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