SEC Form 4 · accession 0001659367-17-000003
IONIX TECHNOLOGY, INC. · IINX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ben Wong
10% Owner
Period of report
Apr 20, 2017
Accepted (ET)
Apr 21, 2017 · 5:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528308
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 20, 2017 | S$0 | 29,846,000 | $0.00 | D | 0 | I | See Footnoote |
| Preferred StockF2 | Apr 20, 2017 | S | 5,000,000 | $0.145 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 5, 2017, the reporting person resigned as the sole officer and director of Shining Glory Investments Limited ("Shining Glory"), the entity that holds 29,846,000 shares of the Company's common stock, and sold all rights, title, and interest in the common stock of Shining Glory to Yubao Liu in a private transaction which closed on April 20, 2017. Thus the reporting person no longer has any beneficial ownership interests in the 29,846,000 common stock shares held by Shining Glory.
- F2On April 7, 2017, the reporting person entered into a private stock purchase agreement with Yubao Liu, whereby the reporting person sold 5,000,000 shares of preferred stock in exchange for 5,000,000 RMB ($0.145 USD/share). The sale closed on April 20, 2017. As a result of the transaction the reporting person no longer has any beneficial ownership interests in the preferred stock.