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

(a) Effective June 16, 2020, Xinghai Li resigned as a member of the Board of Directors (the "Board") of Lithium & Boron Technology, Inc. (the "Company"). His resignation was not because of any disagreement with the Company on matters relating to its operations, policies or practices.

(b) On June 17, 2020, the Board appointed Mr. Ming Wei as a Director of the Company. Mr. Wei replaces Mr. Li as a member of the Board. Mr Wei has served as Senior Engineer at Qing Hai Salt Lake Research Institute of Chinese Academy of Sciences for the past 5 years and began his career there in 1990. Mr. Wei served as an advisor to companies in the Qing Hai Province by assisting them develop and utilize mineral resources. Mr. Wei also serves as Secretary General, of Lithium branch of China Inorganic Salt Association since April of 2019. Mr. Wei is currently serving without compensation or pursuant to a written agreement. The Company will disclose any compensatory arrangements entered into in the future.

There is no arrangement or understanding with any other person, pursuant to which these individuals were appointed as a director and officer of the Company. Mr. Wei does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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