$IINX a business aggregator in photoelectric display and smart energy fields, announced that its wholly-owned subsidiary Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi”) has re-accredited as Shenzhen High-Tech Enterprise, valid from December 9, 2019 to December 9, 2022. The designation is a recognition for leading technology companies in Shenzhen and makes Baileqi eligible for government benefits as a high-technology company.

The accreditation is reviewed rigorously in four areas, which are: key intellectual property rights of enterprises, transformation capacity of scientific and technical payoffs, organizational management level of R&D, and growth index of sales and assets. The approval of Shenzhen high-tech enterprises highlights the outstanding achievements of innovation and transformation of Baileqi.

Shenzhen Baileqi Electronic Technology Co., Ltd. plays an important role in Ionix Technology’s OLED module project. It introduced advanced OLED manufacturing processes and technology and conducted in-depth R& D and testing to implement the Company's strategic plan of the OLED market. Baileqi was always dedicated to be leading in its field and continues to organize and adapt ahead of change.

“The Shenzhen high-tech enterprise designation reflects the recognition of Baileqi’s technology and innovations by the authority,” said Mr. Cheng Li, Chairman and CEO of Ionix Technology. “We will continue to increase investment in research and development of industry-leading emerging technologies and cultivate talent. We believe that our leading technologies will enhance the core competitiveness of the enterprise and empower Ionix Technology in the OLED industry.”