Ionix Technology, Inc. Announces Board Appointments
August 06, 2019 at 06:03 am EDT
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Ionix Technology, Inc. announced that effective as of July 31, 2019, Chunde Song resigned as a member of the Board of Directors, Mr. Song’s resignation was not the result of a disagreement with the company on any matter relating to operations, policies, or practices. Effective upon resignation of Mr. Song, on July 31, 2019, the Board increased the number of members constituting the Board from four (4) to nine (9) and appointed the following five (5) new members (“New Directors”): Anthony Vincent Saviano, Hui Zhang, Yongsheng Fu, Zhenyu Wang and Qinghua Shi to the Board. Anthony Saviano has more than 20 years of experience in finance, management and business development, which he achieved through his self-education and learning experience, including entrepreneurial start-ups in the real estate industries and energy sector. Hui Zhang, has over 20 years of experience as a certified public accountant. Since May 2009, he has served as vice director of Audit Department of Dalian Huarui Heavy Industry Group Co. Ltd. Zhenyu Wang has over 20 years of experience in the management and marketing. Yongsheng Fu has retired from his service in 2015. Prior to his retirement, from 1999 to 2015, he served as vice director of Jiamusi Electric Heater Factory and was responsible for the production and operation of the factory. Qinghua Shi, has served as the Information Director in Zhongyi Trading Company since since 2011.
Ionix Technology, Inc., formerly Cambridge Projects Inc., through its subsidiaries Well Best International Investment Limited (Well Best), Xinyu Ionix Technology Company Limited (Xinyu Ionix) and Taizhou Ionix Technology Company Limited (Taizhou Ionix), is engaged in developing, designing, manufacturing and selling lithium batteries for electric vehicles in China. The Company's products include 18650-2000 milli-ampere-hour (mAh) lithium ion batteries (LIB) for use in lithium cell electronic bicycles, balance cars, scooters, electric vehicles, special vehicles at low speed, energy storage, and other products. Its LIB is a rechargeable electric device within which lithium moves from a negative electrode to a positive electrode during the discharge and back charging. The four main materials used in its LIBs are cathode materials, anode materials, operators and electrolytic solution. Its LIBs are used as the power supply for devices, such as mobile phones, digital cameras and power tools.