X0202 3 2004-05-26 0 0000029006 DIONICS INC DION 0000908361 GELBAND ALAN 750 THIRD AVENUE 16TH FLOOR NEW YORK NY 10017 0 0 1 0 COMMON STOCK 1100000 D Does not include an additional 1,100,000 shares (or a convertible promissory note convertible into 1,100,000 shares in the event the Issuer does not have sufficient number of available authorized shares) which pursuant to an agreement dated May 18, 2004 the Reporting Person has agreed to purchase at $.05 per share upon the completion of certain conditions /s/ Alan Gelband 2004-06-03