Effective as of January 7, 2020, Yubao Liu resigned as Chief Executive Officer, President, Secretary, Treasurer and a member of the Board of Directors (the “Board”) of Ionix Technology, Inc., Mr. Liu's resignation was not the result of any disagreements with on any matter relating to its operations, policies, or practices. Effective upon resignation of Mr. Liu, on January 7, 2020, The Board appointed Mr. Cheng Li as Chief Executive Officer, Mr. Shuyu Li as President and Treasurer, and Mr. Long Xie as Secretary of the Company. Cheng Li is a director and Chairman of the Board.

Mr. Cheng Li has participated in the operation and management of the Company since 2015. From April 2013 to March 2015, Mr. Li served as the general Manager and financial controller of Dalian Huanyu Venture Capital Co., Ltd, where he engaged in project approvals, financing, and investments and accumulated substantial experience in the field of high-tech and financing operations. From 1996 to 2012, Mr. Li served in the Ministry of Industry and Information Technology of Jiamusi city, Heilongjiang Province and the Association for Science and Technology of Jiamusi.

Mr. Shuyu Li worked as Accountant Assistant and Office Manager at Snug Insulation Limited in Auckland, New Zealand, where he was mainly responsible for business operation, budgeting, inventory control and bookkeeping. Mr. Li joined the Company since 2018, and serves as the director of Overseas Business department of the Company. Mr. Long Xie successively worked in Dalian TV station as an editor, Wantangshiye Development Co.

Ltd. as project manager. Mr. Xie joined the Company since March 2016.