On January 30, 2012, Dionics Inc. entered into a share exchange agreement with Shangrao Bai Hua Zhou Industrial Co. Ltd. and Li Xiaoling, the sole shareholder of Shangrao. Bernard Kravitz resigned as a member of its Board of Directors and as President, Treasurer and Secretary of the company, effective with the consummation of the Acquisition, and, Roy Teng and Jeff Teng resigned as members of its Board of Directors, effective the tenth day after the filing with the SEC, and mailing to its stockholders, of a Schedule 14f-1 Information Statement advising of the change in control of its Board of Directors. Concurrent with the consummation of the Acquisition, Li Xiaoling and Liu Shuzhong were elected to its Board of Directors, and the Board elected Ms. Li Chair of the Board, Liu Shuzhong as its Chief Executive Officer and Zhu Xiuzhi as its Chief Financial Officer. In addition, Lu Jun was elected a director, effective on the tenth day after the filing with the SEC, and mailing to its stockholders, of the Schedule 14f-1 Information Statement.
DIONICS, Inc is a designers and manufacturer company. It is a provider of Photovoltaic optically-isolated MOSFET driver as well as micro-Photovoltaics, used in Dielectric Isolation processing for monolithic high-voltage gas-discharge digital displays. The Companyâs product line includes: MOSFET Drivers, Photovoltaic Solid State Relays, MOS Chip Capacitors, High Voltage Display Drivers, Dionics-USA Stock Products, and Custom Products. MOSFET Drivers, optically coupled floating power source. Photovoltaic Solid State Relays, Light Emitting Diode inputs that control output power MOSFETS. MOS Chip Capacitors, devices designed for hybrid circuit applications. High Voltage Display Drivers, monolithic devices to interface signals with gas discharge, plasma, and vacuum fluorescent displays. Dionics-USA Stock Products, optoelectronic and photovoltaic components integrated circuits and semiconductor devices. Custom Products, offers custom products to suit specific needs.