Item 5.01. Changes in Control of Registrant.

On November 4, 2021, Mr. Jimin Zhang purchased a total of 106,001,971 shares of common stock ("Common Stock") of Lithium & Boron Technologies, Inc. (the "Company") at a purchase price of $.001 per share from Mr. Mao Zhang, 80,625,099 shares, Mr. Jian Zhang, 22,165,012 shares, and Ms. Ying Zhao, 3,211,860 shares. After giving effect to the purchases, Mr. Jimin Zhang now holds, directly or indirectly, a total of 152,769,779 shares of Common Stock which represents approximately 82% of the Company's issued and outstanding Common Stock. The source of the funds used to purchase the Common Stock were from Mr. Jimin Zhang. As set forth below, Mr. Xudong Rhett Wang was elected as a board member; however, there were no arrangements or understandings among members of both the former and new control groups and their associates with respect to election of Mr. Wang, any other directors or any other matters.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On November 4, 2021, Mr. Xudong Rhett Wang was appointed to the Board of Directors of the Company. Mr. Wang age 47, serves as the Chief Financial Officer and Treasurer of the Company. In the past five years Mr. Wang served as a Vice President of Strategic Business Development for Smartheat. Mr. Wang has also served as Chief Financial Officer of DH Gate, Inc., an ecommerce company, QKL Stores, Inc., a NASDAQ listed company, and ThyssenKrupp Presta Fawer Ltd.

Item 9.01. Financial Statements and Exhibits





(d)      Exhibits



Exhibit Description


None.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses