IONIX TECHNOLOGY, INC. (Form: 10-Q, Received: 05/14/2018 14:02:45)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December March 31, 2018

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from to .

Commission File Number 000-54485

IONIX TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

Nevada		45-0713638
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

4F, Tea Tree B Building, Guwu Sanwei Industrial Park, Xixiang Street, Baoan District, Shenzhen, Guangdong Province, China 518000

(Address of principal executive offices) (Zip Code)

+86-138 8954 0873

(Registrant’s telephone number, including area code)

___________________________

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ .

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one)

	Large accelerated filer ☐	Accelerated filer ☐
	Non-accelerated filer ☐	Smaller reporting company ☒
	Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒ .

As of May 14, 2018 there were 99,003,000 shares of common stock issued and outstanding, par value $0.0001 per share.

As of May 14, 2018 , there were 5,000,000 shares of preferred stock issued and outstanding, par value $0.0001 per share.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information included in this Quarterly Report on Form 10-Q and other filings of the Registrant under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as well as information communicated orally or in writing between the dates of such filings, contains or may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements in this Quarterly Report on Form 10-Q, including without limitation, statements related to our plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are the availability of working capital to fund our operations, the competitive market in which we operate, the efficient and uninterrupted operation of our computer and communications systems, our ability to generate a profit and execute our business plan, the retention of key personnel, our ability to protect and defend our intellectual property, the effects of governmental regulation, and other risks identified in the Registrant’s filings with the Securities and Exchange Commission from time to time.

In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. Although the Registrant believes that the expectations reflected in the forward-looking statements contained herein are reasonable, the Registrant cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither the Registrant, nor any other person, assumes responsibility for the accuracy and completeness of such statements. The Registrant is under no duty to update any of the forward-looking statements contained herein after the date of this Quarterly Report on Form 10-Q.

IONIX TECHNOLOGY, INC.

FORM 10-Q

MARCH 31, 2018

INDEX

		Page
Part I – Financial Information		F-1

Item 1.	Financial Statements	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operation	16
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	18
Item 4.	Controls and Procedures	19

Part II – Other Information		19

Item 1.	Legal Proceedings	19
Item 1A.	Risk Factors	20
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	20
Item 3.	Defaults Upon Senior Securities	20
Item 4.	Mine Safety Disclosures	20
Item 5.	Other Information	20
Item 6.	Exhibits	21

Signatures		22

Certifications

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements .

INDEX	F-1
Consolidated Balance Sheets as of March 31, 2018 and June 30, 2017 (Unaudited)	F-2
Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended March 31, 2018 and 2017 (Unaudited)	F-3
Consolidated Statements of Cash Flows for the Nine Months Ended March 31, 2018 and 2017 (Unaudited)	F-4
Notes to Consolidated Financial Statements (Unaudited)	F-5

F-1

IONIX TECHNOLOGY, INC.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	March 31, 2018			June 30, 2017
ASSETS
Current Assets:
Cash	$	370,362		$	186,767
Accounts receivables		54,845			292,265
Inventory		157,566			53,163
Advances to suppliers - non-related parties		931			118,647
-related parties		243,883			-
Other receivables		-			147,615
Prepaid expenses and other current assets		22,371			10,755
Total Current Assets		849,958			809,212
Total Assets	$	849,958		$	809,212

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable - non-related parties	$	221,673		$	96,378
- related parties		102,557			159,861
Advance from customers		108,930			72,476
Due to related parties		236,911			323,599
Accrued expenses and other current liabilities		53,786			94,844
Total Current Liabilities		723,857			747,158

COMMITMENT AND CONTINGENCIES

Stockholders’ Equity:
Preferred stock, $.0001 par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding		500			500
Common stock, $.0001 par value, 195,000,000 shares authorized, 99,003,000 shares issued and outstanding		9,900			9,900
Additional paid in capital		237,246			237,246
Accumulated deficit		(138,771	)		(183,441	)
Accumulated other comprehensive income (loss)		17,226			(2,151	)
Total Stockholders’ Equity		126,101			62,054
Total Liabilities and Stockholders’ Equity	$	849,958		$	809,212

The accompanying notes are an integral part of these consolidated financial statements.

F-2

IONIX TECHNOLOGY, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

	For the Three Months Ended					For the Nine Months Ended
	March 31,					March 31,
	2018		2017			2018		2017

Revenues	$	1,054,933	$	2,007,592		$	2,187,418	$	4,132,408

Cost of revenues - Non-related parties		38,725		425,576			152,628		903,985
- Related parties		906,924		1,482,896			1,785,595		2,978,415
Total Cost of Revenues		945,649		1,908,472			1,938,223		3,882,400

Gross profit		109,284		99,120			249,195		250,008

Operating expenses
Selling, general and administrative expense		57,927		66,128			188,955		258,971
Total operating expenses		57,927		66,128			188,955		258,971
Income (loss) from continuing operations before income tax		51,357		32,992			60,240		(8,963	)

Income tax		6,197		2,250			15,570		3,687

Net income (loss) from continuing operations		45,160		30,742			44,670		(12,650	)

Discontinued operations
Income (loss) from discontinued operations, net of tax		-		(14,688	)		-		40,606
Loss from disposal of discontinued operations		-		-			-		(18,890	)
Total income (loss) from discontinued operations		-		(14,688	)		-		21,716

Net income		45,160		16,054			44,670		9,066

Other comprehensive income (loss)
Foreign currency translation adjustment		10,758		(5,079	)		19,377		(3,061	)

Comprehensive income	$	55,918	$	10,975		$	64,047	$	6,005

Income (Loss) Per Share
Basic and Diluted - continuing operation	$	0.00	$	0.00		$	0.00	$	(0.00	)
- discontinued operation	$	0.00	$	(0.00	)	$	0.00	$	0.00
Total	$	0.00	$	0.00		$	0.00	$	0.00

Weighted average number of common shares outstanding - Basic and Diluted		99,003,000		99,003,000			99,003,000		99,003,000

The accompanying notes are an integral part of these consolidated financial statements.

F-3

IONIX TECHNOLOGY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For the Nine Months Ended
	March 31,
	2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	44,670		$	9,066
Net income from discontinued operation		-			21,716
Net income(loss) from continuing operation		44,670			(12,650	)
Adjustments required to reconcile net income to net cash provided by (used in) operating activities:
Changes in operating assets and liabilities:
Accounts receivable		250,770			(60,863	)
Inventory		(96,298	)		(1,348,390	)
Advances to suppliers - non-related parties		122,315			(375,120	)
Advances to suppliers - related parties		(234,503	)		-
Prepaid expenses		(10,570	)		(4,066	)
Accounts payable - non-related parties		113,062			106,129
Accounts payable - related parties		(67,397	)		632,826
Advance from customers		29,477			118,749
Accrued expenses and other current liabilities		(44,979	)		3,638
Net cash provided by (used in) continuing operation		106,547			(939,747	)
Net cash used in discontinued operation		-			(57,281	)
Net cash provided by (used in) operating activities		106,547			(997,028	)

CASH FLOWS FROM INVESTING ACTIVITIES
Other receivables		153,292			-
Proceeds from disposal of subsidiary		-			5,000
Net cash provided by continuing operation		153,292			5,000
Net cash provided by discontinued operation		-			-
Net cash provided by investing activities		153,292			5,000

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from (repayment of) loans from related parties		(94,920	)		974,778
Net cash provided by (used in) continuing operation		(94,920	)		974,778
Net cash provided by discontinued operation		-			57,282
Net cash provided by (used in) financing activities		(94,920	)		1,032,060

Effect of exchange rate changes on cash		18,676			2,708

Net increase in cash		183,595			42,740

Cash, beginning of period		186,767			59,758

Cash, end of period	$	370,362		$	102,498

Supplemental disclosure of cash flow information:

Cash paid for income tax	$	10,484		$	5,074
Cash paid for interests	$	-		$	-

The accompanying notes are an integral part of these consolidated financial statements.

F-4

IONIX TECHNOLOGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2018

(UNAUDITED)

NOTE 1 - NATURE OF OPERATIONS

Ionix Technology, Inc. (the “Company” or “Ionix”), formerly known as Cambridge Projects Inc., is a Nevada corporation that was formed on March 11, 2011. By and through its wholly owned subsidiaries in China, the Company sells the high-end intelligent electronic equipment, which includes portable power banks for electronic devices and LCD screens in China.

On February 17, 2016, the Board ratified, approved, and authorized the Company, as the sole member of Well Best International Investment Limited (“Well Best”), on the formation of Taizhou Ionix Technology Company Limited (“Taizhou Ionix”), a company formed under the laws of China on December 17, 2015, and a wholly-owned subsidiary of Well Best. As a result, Taizhou Ionix is an indirect wholly-owned subsidiary of the Company. Taizhou Ionix conducted no business between its date of incorporation and date approved by the Board. Taizhou Ionix was formed to (i) develop, design, and manufacture lithium-ion batteries for electric vehicles, and (ii) act as an investment holding company that may acquire other businesses located in China. On August 19, 2016, Well Best sold 100% ownership of Taizhou Ionix to one of its directors. (See Note 4)

On May 19, 2016, the Company, as the sole member of Well Best, formed Xinyu Ionix Technology Company Limited (“Xinyu Ionix”), a company formed under the laws of China. As a result Xinyu Ionix is a wholly-owned subsidiary of Well Best and an indirect wholly-owned subsidiary of the Company. Xinyu Ionix started operation in August 2016 and focused on developing and designing lithium batteries as well as to act as an investment company that may acquire other businesses located in China. On April 30, 2017, Well Best sold 100% ownership of Xinyu Ionix to one of its directors. (See Note 4)

On November 7, 2016, the Company’s Board of Directors approved and ratified the incorporation of Lisite Science Technology (Shenzhen) Co., Ltd (“Lisite Science”), a limited liability company formed in China on June 20, 2016. Well Best is the sole shareholder of Lisite Science. As a result, Lisite Science is an indirect, wholly-owned subsidiary of the Company. Lisite Science will act as a manufacturing base for the Company and has been focused on developing, producing and selling high-end intelligent electronic equipment, such as portable power banks.

On November 7, 2016, the Company’s Board of Directors approved and ratified the incorporation of Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi Electronic”), a limited liability company formed in China on August 8, 2016. Well Best is the sole shareholder of Baileqi Electronic. As a result, Baileqi Electronic is an indirect, wholly-owned subsidiary of the Company. Baileqi Electronic will act as a manufacturing base for the Company and has been focused on development and production of the LCD monitors.

On December 29, 2016, the Company’s Board of Directors approved and ratified to invest 99,999 HK dollars for 99.999% of the issued and outstanding stock of Welly Surplus International Limited (“Welly Surplus”), a limited company formed under the laws of Hong Kong on January 18, 2016. As a result of the investment, the Company became the majority shareholder of Welly Surplus, owning 99.999% of the outstanding stock of Welly Surplus, Mr. Xin Sui, a director, owns 0.001% of the outstanding stock of Welly Surplus. Welly Surplus will act as the accounting and financial base for the Company and shall focus on assisting the Company with all of the Company’s financial affairs. Welly Surplus had no operating activities from inception until the date of acquisition.

F-5

On February 20, 2018, the Company’s Board of Directors approved and ratified the incorporation of Changchun Fangguan Photoelectric Display Technology Co. Ltd. (“Changchun”), a limited liability company formed in China on February 1, 2018. Well Best is the sole shareholder of Changchun. As a result, Changchun is an indirect, wholly-owned subsidiary of the Company. Changchun will act as a manufacturing base for the Company and shall focus on developing and producing high-end intelligent electronic equipment, such as LCD screens.

NOTE 2 - GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company had an accumulated deficit of $138,771 at March 31, 2018 and has not generated sufficient cash flow from its continuing operations for the past two years. These circumstances, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The Company may need to raise additional capital from external sources or obtain loans from officers and shareholders in order to continue the long-term efforts contemplated under its business plan. The Company is pursuing other revenue streams which could include strategic acquisitions or possible joint ventures of other business segments.

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of March 31, 2018 and the results of operations and cash flows for the periods ended March 31, 2018 and 2017. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three and nine months ended March 31, 2018 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending June 30, 2018 or for any subsequent periods. The balance sheet at June 30, 2017 has been derived from the audited financial statements at that date.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended June 30, 2017 as included in our Annual Report on Form 10-K as filed with the SEC on October 13, 2017.

Certain amounts have been reclassified to conform to current year presentation

F-6

Basis of consolidation

The consolidated financial statements include the accounts of Ionix Technology Inc. and its subsidiaries. All significant inter-company balances and transactions have been eliminated upon consolidation.

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of comprehensive income (loss).

The reporting currency of the Company is the United States Dollar (“US$”). The Company’s subsidiaries in the People’s Republic of China (“PRC”) maintain their books and records in their local currency, the Renminbi Yuan (“RMB”), which is the functional currency as being the primary currency of the economic environment in which these entities operate.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. Stockholders’ equity is translated at historical rates. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:

	March 31, 2018		June 30, 2017

Balance sheet items, except for equity accounts		6.2726		6.7744

	Nine Months Ended March 31,
		2018		2017

Items in statements of comprehensive income (loss) and cash flows		6.5235		6.7537

Recent accounting pronouncements

From time to time, new accounting pronouncements are issues by the Financial Accounting Standards Board or other standard bodies that may have an impact on the Company’s accounting and reporting. The Company believes that any recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.

F-7

NOTE 4 - DISCONTINUED OPERATIONS

Taizhou Ionix

On August 19, 2016, Well Best entered into a share transfer agreement whereby Well Best sold 100% of its equity interest in Taizhou Ionix to Mr. GuoEn Li, the sole director and officer of Taizhou Ionix for approximately RMB 30,000 (approximately $5,000USD). Well Best was the sole shareholder of Taizhou Ionix. The Company believed that the manufacturing contract between Taizhou Ionix and Taizhou Jiunuojie Electronic Technology Limited regarding the production of lithium batteries was not beneficial to the Company. As a result, (i) Taizhou Ionix is no longer an indirect, wholly-owned subsidiary of the Company, and (ii) Mr. Li is no longer affiliated with the Company. Well Best recorded a loss of $18,890 on disposal of Taizhou Ionix which was included in the loss from disposal of discontinued operations on statements of comprehensive income.

The following table shows the result of operations of Taizhou Ionix for the period from July 1 to August 19, 2016 which are included in the income (loss) from discontinued operations:

	For the period from July 1 to August 19, 2016
Revenue	$	173,005
Cost of revenue		152,465
Gross profit		20,540

Selling, general and administrative expenses		8,917

Income before income taxes		11,623
Provision for income taxes		2,906
Net income	$	8,717

Xinyu Ionix

On April 30, 2017, Well Best, a wholly-owned subsidiary of the Company, sold 100% of its equity interest in Xinyu Ionix to Zhengfu Nan for RMB 100 (approximately $14USD) pursuant to a Share Transfer Agreement dated April 30, 2017 (the “Agreement”). The Company believed that the manufacturing contract between Xinyu Ionix and Jiangxi Huanming Technology Co., Ltd. regarding the production of lithium batteries was not beneficial to the Company. As a result, (i) Xinyu Ionix is no longer an indirect, wholly-owned subsidiary of the Company, and (ii) Mr. Nan is no longer affiliated with the Company. Well Best recorded a loss of $31,115 on disposal of Xinyu Ionix at the date of sale.

The following table shows the results of operations of Xinyu Ionix for the three and nine months ended March 31, 2017, which are included in the income (loss) from discontinued operations:

	For the three months ended March 31, 2017			For the nine months ended March 31, 2017
Revenue	$	-		$	849,523
Cost of revenue		-			761,499
Gross profit		-			88,024

Selling, general and administrative expenses		14,688			32,994

Income (loss) before income taxes		(14,688	)		55,030
Provision for income taxes		-			23,141
Net income (loss)	$	(14,688	)	$	31,889

F-8

NOTE 5 - INVENTORIES

Inventories are stated at the lower of cost (determined using the weighted average cost) or net realizable value and are composed of the raw materials and finished goods.

Inventories consist of the following:

	March 31, 2018		June 30, 2017

Raw materials	$	-	$	53,163
Finished goods		157,566		-
Total inventories	$	157,566	$	53,163

NOTE 6 - OTHER RECEIVABLES

Other receivables represent short term advances to third parties. They are interest free, unsecured and repayable on demand. The balance of the other receivables as of June 30, 2017 was repaid in full in September 2017.

NOTE 7 - DUE TO RELATED PARTIES

Manufacture – related party

On September 1, 2016, Baileqi entered into a manufacturing agreement with Shenzhen Baileqi Science and Technology Co., Ltd. (“Shenzhen Baileqi S&T”) to manufacture products for Baileqi. The owner of Shenzhen Baileqi S&T is also a shareholder of the Company who owns approximately 1.5% of the Company’s outstanding common stock as of March 31, 2018. The manufacturing costs incurred with Shenzhen Baileqi S&T was $276,043 and $152,560 for the nine months ended March 31, 2018 and 2017, respectively, and the amount of $233,970 and $141,170 respectively were included in cost of revenue.

The manufacturing costs incurred with Shenzhen Baileqi S&T was zero and $44,342 for the three months ended March 31, 2018 and 2017, respectively, and the amount of $110,935 and $66,721 respectively were included in cost of revenue.

Purchase from related party

During the nine months ended March 31, 2018, the Company purchased $949,941 and $504,144 from Keenest and Shenzhen Baileqi S&T which were owned by the Company’s shareholders who own approximately 2% and 1.5% respectively of the Company’s outstanding common stock as of March 31, 2018. The amount of $949,941 and $504,108 were included in the cost of revenue.

During the nine months ended March 31, 2017, the Company purchased $2,668,927 and $251,344 from Keenest and Shenzhen Baileqi S&T. The amount of $2,610,793 and $226,452 were included in the cost of revenue.

F-9

During the three months ended March 31, 2018, the Company purchased $558,137 and $93,168 from Keenest and Shenzhen Baileqi S&T. The amount of $558,137 and $140,276 were included in the cost of revenue.

During the three months ended March 31, 2017, the Company purchased $1,235,962 and $143,747 from Keenest and Shenzhen Baileqi S&T. The amount of $1,235,800 and $180,375 were included in the cost of revenue.

During the three and nine months ended March 31, 2018, the Company also purchased $97,576 from Changchun Fangguan Electronic Science and Technology Co., Ltd. (“Fangguan S&T”). The legal representative of Fangguan S&T is the president and a member of the board of directors of Changchun. The amount of $97,576 was included in the cost of revenue.

The Company made advances of $243,883 to Keenest for future purchases as of March 31, 2018. The trade balance payable to Shenzhen Baileqi S&T were $102,557 and $159,861 respectively as of March 31, 2018 and June 30, 2017.

Due to related parties

Due to related parties represents certain advances to the Company or its subsidiaries by related parties. The amounts are non-interest bearing, unsecured and due on demand.

Due to related parties consists of the following:

	March 31, 2018		June 30, 2017
Ben Wong (1)	$	143,792	$	143,792
Yubao Liu (6)		49,966		-
Changyong Yang (2)		-		122,820
Xin Sui (3)		1,992		6,992
Baozhen Deng (4)		4,494		8,590
Shenzhen Baileqi S&T (5)		35,073		41,405
Jialin Liang (7)		1,594		-
	$	236,911	$	323,599

(1) Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc.

(2) Changyong Yang is a stockholder of the Company, who owns approximately 2% of the Company’s outstanding common stock, and the owner of Keenest.

(3) Xin Sui is a member of the board of directors of Welly Surplus.

(4) Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company’s outstanding common stock, and the owner of Shenzhen Baileqi S&T.

(5) Shenzhen Baileqi S&T is a company established in China and 100% owned by Baozhen Deng, a stockholder of the Company.

(6) Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc.

(7) Jialin Liang is the president and a member of the board of directors of Changchun.

F-10

During the nine months ended March 31, 2018, Welly Surplus refunded $5,000 to Xin Sui. Baileqi Electronic refunded $9,274 and $4,599 to Shenzhen Baileqi S&T and Baozhen Deng. Lisite Science refunded $122,820 to Changyong Yang.

During the nine months ended March 31, 2018, Yubao Liu advanced $49,966 to Well Best.

During the nine months ended March 31, 2018, Jialin Liang advanced $1,594 to Changchun.

During the nine months ended March 31, 2017, Ben Wong advanced $59,874 to Well Best and he received the proceeds of $5,000 from sales of Taizhou Ionix on behalf of the Company. Changyong Yang, a stockholder of the Company, advanced $898,546 to Lisite Science. Xin Sui, a member of the board of directors of Welly Surplus, advanced $6,992 to Welly Surplus.

NOTE 8 - CONCENTRATION

Major customers

Customers who accounted for 10% or more of the Company’s revenues for the nine months ended March 31, 2018 and 2017 respectively and its outstanding balance of accounts receivable as of March 31, 2018 and 2017 respectively are presented as follows:

	For the nine months ended March 31, 2018					As of March 31, 2018
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	712,129		33	%	$	-		-	%
Customer B		298,513		14	%		-		-	%
Total	$	1,010,642		47	%	$	-		-	%

	For the nine months ended March 31, 2017					As of March 31, 2017
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	2,653,960		64	%	$	59,571		100	%
Customer B		394,954		10	%		-		-	%
Total	$	3,048,914		74	%	$	59,571		100	%

	For the three months ended March 31, 2018					As of March 31, 2018
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	606,122		58	%	$	-		-	%
Customer B		196,528		19	%		-		-	%
Total	$	802,650		77	%	$	-		-	%

F-11

	For the three months ended March 31, 2017					As of March31, 2017
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	1,274,914		64	%	$	59,571		100	%
Customer B		394,954		20	%		-		-	%
Total	$	1,669,868		84	%	$	59,571		100	%

All customers are located in the PRC.

Major suppliers

The suppliers who accounted for 10% or more of the Company’s total purchases (materials and services) for the nine months ended March 31, 2018 and 2017 respectively and its outstanding balance of accounts payable as of March 31, 2018 and 2017 respectively are presented as follows:

	For the nine months ended March 31, 2018					As of March 31, 2018
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable
Supplier A-related party	$	780,187		38	%	$	102,557		32	%
Supplier B-related party		949,941		47	%		-		-	%
Total	$	1,730,128		85	%	$	102,557		32	%

	For the nine months ended March 31, 2017					As of March 31, 2017
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A-related party	$	2,668,927		51	%	$	577,741		80	%
Total	$	2,668,927		51	%	$	577,741		80	%

F-12

	For the three months ended March 31, 2018					As of March 31, 2018
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A-related party	$	558,137		66	%	$	-		-	%
Supplier B-related party		93,168		12	%		102,557		32	%
Supplier C-related party		97,576		12	%		-		-	%
Total	$	748,881		90	%	$	102,557		32	%

	For the three months ended March 31, 2017					As of March 31, 2017
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A-related party	$	1,235,962		60	%	$	577,741		80	%
Total	$	1,235,962		60	%	$	577,741		80	%

All suppliers of the Company are located in the PRC.

NOTE 9 - INCOME TAXES

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company operates in various countries: United States of America, Hong Kong and the PRC that are subject to taxes in the jurisdictions in which they operate, as follows:

United States of America

The Company is registered in the State of Nevada and is subject to the tax laws of United States of America.

The Company has shown losses since inception. As a result it has incurred no income tax. Under normal circumstances, the Internal Revenue Service is authorized to audit income tax returns during a three year period after the returns are filed. In unusual circumstances, the period may be longer. Tax returns for the years ended June 30, 2011 and after were still open to audit as of March 31, 2018.

The Company received a penalty assessment from the IRS in the amount of $10,000 for failure to provide information with respect to certain foreign owned US Corporations on Form 5472 - Information Return of a 25% Foreign Owned US Corporation for the tax period ended June 30, 2013. The Company disputed this claim and is working to reverse the penalty. The Company believes that the payment of this penalty is remote and did not accrue this liability as of March 31, 2018.

F-13

Hong Kong

The Well Best and Welly Surplus are registered in Hong Kong and subject to income tax rate of 16.5%. For the nine months ended March 31, 2018 and 2017, there is no assessable income chargeable to profit tax in Hong Kong.

The PRC

Lisite Science , Changchun and Baileqi Electronic are operating in the PRC and is subject to the Corporate Income Tax Law of the People’s Republic of China at a unified income tax rate of 25%.

The reconciliation of income tax expense at the U.S. statutory rates of 21% and 35% to the Company’s effective tax rate is as follows:


	For the nine months ended March 31
	2018			2017
	at 21%			at 35%
U.S. Statutory rate	$	12,650		$	(3,137	)
Tax rate difference between China and U.S.		(8,114	)		(11,112	)
Change in Valuation Allowance		10,703			18,027
Permanent difference		331			(91	)
Effective tax rate	$	15,570		$	3,687

The provisions for income taxes are summarized as follows:

	For the nine months ended March 31,
	2018		2017
Current	$	15,570	$	3,687
Deferred		-		-
Total	$	15,570	$	3,687

As of March 31, 2018, the Company has approximately $318,000 net operating loss carryforwards available in the U.S. and Hong Kong to reduce future taxable income which will begin to expire from 2035. It is more likely than not that the deferred tax assets cannot be utilized in the future because there will not be significant future earnings from the entity which generated the net operating loss. Therefore, the Company recorded a full valuation allowance on its deferred tax assets.

The Company has not provided deferred taxes on unremitted earnings attributable to international companies that have been considered to be reinvested indefinitely. Because of the availability of U.S. foreign tax credits, it is not practicable to determine the income tax liability that would be payable if such earnings were not indefinitely reinvested. In accordance with ASC Topic 740, interest associated with unrecognized tax benefits is classified as income tax and penalties are classified in selling, general and administrative expenses in the statements of operations.

F-14

The extent of the Company’s operations involves dealing with uncertainties and judgments in the application of complex tax regulations in a multitude of jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the United States and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due.

The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduces the U.S. statutory tax rate from 35% to 21% and creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively. The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings. Due to the timing of the enactment and the complexity involved in applying the provisions of the Tax Act, the Company has not recorded any adjustments according to Tax Act. As the Company collects and prepares necessary data, and interprets the Tax Act and any additional guidance issued by the U.S. Treasury Department, the IRS, and other standard-setting bodies, the Company may make adjustments to the provisional amounts. Those adjustments may materially impact the provision for income taxes and effective tax rate in the period in which the adjustments are made. The accounting for the tax effects of the Tax Act will be completed in 2018.

NOTE 10 - SUBSEQUENT EVENTS

The Company has evaluated the existence of significant events subsequent to the balance sheet date through the date the financial statements were issued and has determined that there were no subsequent events or transactions which would require recognition or disclosure in the financial statements.

F-15

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following Management's Discussion and Analysis should be read in conjunction with Ionix Technology, Inc.’s. financial statements and the related notes thereto. The Management's Discussion and Analysis contains forward-looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. Any statements that are not statements of historical fact are forward-looking statements. When used, the words “believe,” “plan,” “intend,” “anticipate,” “target,” “estimate,” “expect,” and the like, and/or future-tense or conditional constructions (“will,” “may,” “could,” “should,” etc.), or similar expressions, identify certain of these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements in this Report on Form 10-Q. The Company’s actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this Report on Form 10-Q.

The following discussion should be read in conjunction with our unaudited consolidated financial statements and related notes and other financial data included elsewhere in this report. See also the notes to our consolidated financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the year ended June 30, 2017, filed with the Commission on October 13, 2017.

Results of Operations for the three and nine months ended March 31, 2018 and 2017

Revenue

During the three months ended March 31, 2018 and 2017, revenue was $1,054,933 and $2,007,592, respectively. The difference can be attributed to the time-consuming business transformation in the fields of portable power banks (including the arrangement to stop manufacturing the p ortable power banks with low margin and switching the focus to the ones with much higher gross margin) during the three months ended March 31, 2018.

During the nine months ended March 31, 2018 and 2017, revenue was $2,187,418 and $4,132,408, respectively. The difference can be attributed to the time-consuming business transformation in the fields of portable power banks (including the arrangement to stop manufacturing the p ortable power banks with low margin and switching the focus to the ones with much higher gross margin) during the nine months ended March 31, 2018.

Cost of Revenue

Cost of revenue included the cost of raw materials and finished products purchased and the sub- contracting processing fee paid to the processing factories which were owned by our shareholders, pursuant to the manufacturing agreement between the Company’s subsidiaries in PRC and processing factories. During the three months ended March 31, 2018, cost of revenue was $38,725 for non-related parties and $906,924 for related parties. In comparison, during the three months ended March 31, 2017, the cost of revenues was $425,576 for non-related parties and $1,482,896 for related parties. The difference can be attributed to decrease in revenue from the time-consuming business transformation in the fields of portable power banks during the three months ended March 31, 2018.

During the nine months ended March 31, 2018, cost of revenue was $152,628 for non-related parties and $1,785,595 for related parties. In comparison, during the nine months ended March 31, 2017, cost of revenue was $903,985 for non-related parties and $2,978,415 for related parties. The difference can be attributed to decrease in revenue from the time-consuming business transformation in the fields of portable power banks during the nine months ended March 31, 2018.

Gross Profit

During the three months ended March 31, 2018 and 2017, gross profit was $109,284 and $99,120, respectively. Our gross profit margin maintained at 10% during the three months ended March 31, 2018 as compared to 5% for the three months ended December 31, 2017. During the nine months ended March 31, 2018 and 2017, gross profit was $249,195 and $250,008, respectively. Our gross profit margin maintained at 11% for the nine months ended March 31, 2018 as compared to 6% for the nine months ended March 31, 2017. The increase in both the three and nine month periods ended March 31, 2018 as compared to March 31, 2017 can be attributed to a transformation in the Company’s portable power bank operations (including the arrangement to stop manufacturing the p ortable power banks with low margin and switching the focus to the ones with much higher gross margins).

Selling, General and Administrative Expenses

During the three months ended March 31, 2018, and 2017, general and administrative expenses were $57,927, and $66,128, respectively. Our general and administrative expenses mainly comprised of payroll expenses, transportation, office expense, professional fees, freight and shipping costs, rent, and other miscellaneous expenses. The difference can be attributed to the stricter practices for cost control in operating expenses during the three months ended March 31, 2018.

During the nine months ended March 31, 2018, and 2017, general and administrative expenses were $188,955, and $258,971, respectively. The difference can be attributed to the stricter practices for cost control in operating expenses during the nine months ended March 31, 2018.

Income (Loss) from Discontinued Operations

The Company disposed of the ownership in Taizhou Ionix and Xinyu Ionix in August 2016 and April 2017 respectively.

Hence the Company has presented results of Taizhou Ionix and Xinyu Ionix operations as the discontinued operations in the consolidated statements of comprehensive income (loss).

During the three months ended March 31, 2018 and 2017, total income (loss) from discontinued operations was $Nil and $(14,688), respectively. During the nine months ended March 31, 2018 and 2017, total income (loss) from discontinued operation was $Nil and $21,716, respectively.

Net Income

During the three months ended March 31, 2018 and 2017, our net income was $45,160 compared with $16,054, respectively. The difference can be attributed to the strict cost control in operating expenses during the three months ended March 31, 2018.

During the nine months ended March 31, 2018 and 2017, our net income was $44,670 compared with $9,066, respectively. The difference can be attributed to the strict cost control in operating expenses during the nine months ended March 31, 2018.

Liquidity and Capital Resources

Cash Flow from Operating Activities

During the nine months ended March 31, 2018 and 2017, net cash provided by (used in) operating activities was $1 0 6,547 and $(997,028), respectively. The change was mainly due to the change from net loss incurred to net income generated from continuing operation and an increase in accounts receivables inflows which were partially offset by an increase in accounts payable-related parties outflows. Additionally, (i) our inventory increased from $(1,348,390) in the nine months ended March 31, 2017, to $(96,298) in the period ended March 31, 2018; (ii) our advances to suppliers for non-related parties increased from $(375,120) in the nine months ended March 31, 2017, to $122,315 in the nine months ended March 31,2018; and (iii) advances from customers decreased from $118,749 in the nine months ended March 31,2017 to $29,477 in the nine months ended March 31,2018.

Cash Flow from Investing Activities

During the nine months ended March 31, 2018 and 2017, net cash provided by investing activities was $153,292 and $5,000, respectively.

Cash Flow from Financing Activities

During the nine months ended March 31 , 2018, the Company used $94,920 in cash for financing activities, which was all due to repayment of related party loans. In comparison, during the nine months ended March 31 , 2017, the Company received $1,032,060 in cash from financing activities, $974,778 of which was attributable to proceeds from related party loans and $57,282 from discontinued operations.

As of March 31, 2018 , we have a working capital of $126,101.

Our total current liabilities as of March 31, 2018 was $723,857 and consists primarily of accounts payables for related parties of $102,557 and non-related parties of $221,673, advances from customers of $108,930, amount due to related parties of $236,911, and accrued expenses and other current liabilities of $53,786. Our Company’s President is committed to providing for our minimum working capital needs for the next 12 months, and we do not expect previous loan amounts to be payable for the next 12 months. However, we do not have a formal agreement that states any of these facts. The remaining balance of our current liabilities relates to audit and consulting fees and such payments are due on demand and we expect to settle such amounts on a timely basis based upon shareholder loans to be granted to us in the next 12 months.

We will require approximately $170,000 to fund our working capital needs as follows:

Audit and accounting		50,000
Legal Consulting fees		50,000
Salary and wages		30,000
Edgar/XBRL filing, transfer agent and miscellaneous		40,000
Total	$	170,000

Future Financings

We will not consider taking on any long-term or short-term debt from financial institutions in the immediate future. We are dependent upon our director and the major shareholder to provide continued funding and capital resources. If continued funding and capital resources are unavailable at reasonable terms, we may not be able to implement our plan of operations. The financial statements do not include any adjustments related to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Contractual Obligations

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4.

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act"). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of March 31, 2018.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting subsequent to the fiscal year ended June 30, 2017, which were identified in connection with our management’s evaluation required by paragraph (d) of rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

The Company is not required by current SEC rules to include, and does not include, an auditor's attestation report. The Company's registered public accounting firm has not attested to Management's reports on the Company's internal control over financial reporting.

Limitations of the Effectiveness of Disclosure Controls and Internal Controls

Our management, including our Principal Executive Officer and Principal Financial Officer, do not expect that our disclosure controls and internal controls will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control.

The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving our stated goals under all potential future conditions; over time, a control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

PART II - OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

From time to time, the Company may become subject to various legal proceedings that are incidental to the ordinary conduct of its business. Although the Company cannot accurately predict the amount of any liability that may ultimately arise with respect to any of these matters, it makes provision for potential liabilities when it deems them probable and reasonably estimable. These provisions are based on current information and legal advice and may be adjusted from time to time according to developments.

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

ITEM 1A.

RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.

MINE SAFETY DISCLOSURES

N/A.

ITEM 5.

OTHER INFORMATION

On February 20, 2018, the Company’s Board of Directors approved and ratified the incorporation of Changchun Fangguan Photoelectric Display Technology Co. Ltd. (“Changchun”), a limited liability company formed under the laws of China on February 1, 2018. Well Best is the sole shareholder of Changchun. As a result, Changchun is an indirect, wholly-owned subsidiary of the Company. Changchun will act as a manufacturing base for the Company and shall focus on developing and producing high-end intelligent electronic equipment. Additionally, on February 20, 2018, t he Company ratified and approved the appointment of Jialin Liang as President and a member of the board of directors of Changchun.

ITEM 6.

EXHIBITS

Exhibit
Number	Description of Exhibit
3.01a	Articles of Incorporation, dated March 11, 2011	Filed with the SEC on October 13, 2017 as part of our Annual Report on Form 10-K
3.01b	Certificate of Amendment to Articles of Incorporation, dated August 7, 2014	Filed with the SEC on September 3, 2014 as part of our Current Report on Form 8-K
3.01c	Certificate of Amendment to Articles of Incorporation, dated December 3, 2015	Filed with the SEC on December 10, 2015 as part of our Current Report on Form 8-K
3.02a	Bylaws	Filed with the SEC on August 23, 2011 as an exhibit to our Registration Statement on Form 10.
3.02b	Amended Bylaws, dated August 7, 2014	Filed with the SEC on September 3, 2014 as part of our Current Report on Form 8-K
10.01	Stock Purchase Agreement between Locksley Samuels and Shining Glory Investments Limited, dated November 20, 2015	Filed with the SEC on November 23, 2015 as part of our Current Report on Form 8-K
10.02	Manufacturing Agreement, dated as of August 19, 2016, by and between Jiangxi Huanming Technology Limited Company and XinyuIonix Technology Company Limited.	Filed with the SEC on August 24, 2016 as part of our Current Report on Form 8-K
10.03	Share Transfer Agreement, dated as of August 19, 2016, by and between GuoEn Li and Well Best International Investment Limited	Filed with the SEC on August 24, 2016 as part of our Current Report on Form 8-K
21.1	List of Subsidiaries	Filed herewith.
31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed herewith.
31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed herewith.
32.01	CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
32.02	CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
101.INS*	XBRL Instance Document	Filed herewith.
101.SCH*	XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.LAB*	XBRL Taxonomy Extension Labels Linkbase Document	Filed herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.

*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Ionix Technology, Inc.

Date: May 14, 2018	By:	/s/ Doris Zhou
	Name: Doris Zhou Title: Chief Executive Officer and Director (Principal Executive Officer)

Date: May 14, 2018	By:	/s/ Yue Kou
	Name: Yue Kou Title: Chief Financial Officer (Principal Financial Officer)

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Date: May 14, 2018	By:	/s/ Doris Zhou
	Name: Doris Zhou Title: Chief (Principal) Executive Officer, Secretary, Treasurer and Sole Director

Date: May 14, 2018	By:	/s/ Yue Kou
	Name: Yue Kou Title: Chief (Principal) Financial Officer