<SEC-DOCUMENT>0001204459-12-000242.txt : 20120208
<SEC-HEADER>0001204459-12-000242.hdr.sgml : 20120208
<ACCEPTANCE-DATETIME>20120208162557
ACCESSION NUMBER:		0001204459-12-000242
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		28
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20120208
DATE AS OF CHANGE:		20120208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA BAK BATTERY INC
		CENTRAL INDEX KEY:			0001117171
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				880442833
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32898
		FILM NUMBER:		12582236

	BUSINESS ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, NO. 1 BAK STREET
		STREET 2:		KUICHONG TOWN, LONGGANG DISTRICT
		CITY:			SHENZHEN PEOPLE
		STATE:			F4
		ZIP:			518119
		BUSINESS PHONE:		86-755-8977-0093

	MAIL ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, NO. 1 BAK STREET
		STREET 2:		KUICHONG TOWN, LONGGANG DISTRICT
		CITY:			SHENZHEN PEOPLE
		STATE:			F4
		ZIP:			518119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDINA COFFEE INC
		DATE OF NAME CHANGE:	20000626
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>cbak10q.htm
<DESCRIPTION>FORM 10-Q
<TEXT>
<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc. - Form 10-Q - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES </FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT><BR>Washington, D.C. 20549
</B></P>
<P align=center><B><FONT size=5>FORM 10-Q</FONT></B><B> </B></P>
<P align=center>(Mark One) </P>
<P align=center><B>[X] </B><B>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P align=center>For the quarterly period ended: December 31, 2011 </P>
<P align=center><B>[&nbsp; ] </B><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P align=center>For the transition period from ____________to _____________</P>
<P align=center>Commission File Number: 001-32898 </P>
<P align=center><B><U><FONT size=5>CHINA BAK BATTERY, INC.</FONT></U></B><B>
<BR></B>(Exact Name of Registrant as Specified in Its Charter) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=center><B><U>Nevada </U></B></TD>
    <TD width="50%" noWrap align=center><B><U>88-0442833 </U></B></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center>(State or other jurisdiction of </TD>
    <TD width="50%" noWrap align=center>(I.R.S. Employer Identification No.)
    </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center>incorporation or organization) </TD>
    <TD width="50%" noWrap align=left>&nbsp; </TD></TR></TABLE>
<P align=center><B>BAK Industrial Park <BR></B><B>No. 1 BAK Street
<BR></B><B>Kuichong Town, Longgang District <BR></B><B>Shenzhen 518119
<BR>People&#146;s Republic of China <BR></B>(Address of principal executive offices,
Zip Code) </P>
<P align=center><B>(86-755) 8977-0093<BR></B>(Registrant&#146;s telephone number,
including area code) </P>
<P align=center>_____________________________________________________<BR>(Former
name, former address and former fiscal year, if changed since last report) </P>
<P align=justify>Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. </P>
<P align=center>Yes [X]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No [&nbsp; ] </P>
<P align=justify>Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (&#167; 232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
</P>
<P align=center>Yes [X]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No [&nbsp; ] </P>
<P align=justify>Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of &#147;large accelerated filer,&#148;
&#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the
Exchange Act. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=center>Large accelerated filer [&nbsp; ] </TD>
    <TD width="50%" noWrap align=center>Accelerated filer [X] </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center>Non-accelerated filer [&nbsp; ]<BR>(Do not check
      if a smaller reporting company) </TD>
    <TD width="50%" noWrap align=center>Smaller reporting company [ &nbsp;]
  </TD></TR></TABLE>
<P align=justify>Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Exchange Act).</P>
<P align=center>Yes [&nbsp; ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No [X] </P>
<P align=justify>The number of shares outstanding of each of the issuer&#146;s
classes of common stock, as of February 7, 2012 is as follows: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center>Class of
      Securities </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="50%" noWrap
      align=center>Shares Outstanding </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center>Common Stock, $0.001 par value </TD>
    <TD width="50%" noWrap align=center>63,816,276 </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_2></A>
<P align=center>
<IMG border=0 src="form10qx3x1.jpg" width="144" height="62"> </P>
<P align=center><B>TABLE OF CONTENTS </B></P>
<P align=center><B>PART I</B> <BR><B>FINANCIAL INFORMATION </B></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left>Item 1. </TD>
    <TD bgColor=#eeeeee width="85%" noWrap align=left>Financial Statements.
</TD>
    <TD bgColor=#eeeeee width="5%" noWrap align=right>1 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Item 2. </TD>
    <TD width="85%" noWrap align=left>Management&#146;s Discussion and Analysis of
      Financial Condition and Results of Operations </TD>
    <TD width="5%" noWrap align=right>1 </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left>Item 3. </TD>
    <TD bgColor=#eeeeee width="85%" noWrap align=left>Quantitative and
      Qualitative Disclosures About Market Risk. </TD>
    <TD bgColor=#eeeeee width="5%" noWrap align=right>4 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Item 4. </TD>
    <TD width="85%" noWrap align=left>Controls and Procedures. </TD>
    <TD width="5%" noWrap align=right>14 </TD></TR></TABLE>
<P align=center><B>PART II</B> <BR><B>OTHER INFORMATION </B></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left>Item 1. </TD>
    <TD bgColor=#eeeeee width="85%" noWrap align=left>Legal Proceedings </TD>
    <TD bgColor=#eeeeee width="5%" noWrap align=right>14 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Item 1A. </TD>
    <TD width="85%" noWrap align=left>Risk Factors. </TD>
    <TD width="5%" noWrap align=right>15 </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left>Item 2. </TD>
    <TD bgColor=#eeeeee width="85%" noWrap align=left>Unregistered Sales of
      Equity Securities and Use of Proceeds. </TD>
    <TD bgColor=#eeeeee width="5%" noWrap align=right>15 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Item 3. </TD>
    <TD width="85%" noWrap align=left>Defaults Upon Senior Securities </TD>
    <TD width="5%" noWrap align=right>15 </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left>Item 4. </TD>
    <TD bgColor=#eeeeee width="85%" noWrap align=left>Mine Safety Disclosures.
    </TD>
    <TD bgColor=#eeeeee width="5%" noWrap align=right>15 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Item 5. </TD>
    <TD width="85%" noWrap align=left>Other Information. </TD>
    <TD width="5%" noWrap align=right>15 </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left>Item 6. </TD>
    <TD bgColor=#eeeeee width="85%" noWrap align=left>Exhibits </TD>
    <TD bgColor=#eeeeee width="5%" noWrap align=right>15 </TD></TR></TABLE>
<P align=center>i<BR>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
</P><!--$$/page=--><A name=page_3></A>
<P align=center><B>PART I <BR></B><B><U>FINANCIAL INFORMATION</U></B><B>
</B></P>
<P align=justify><B>ITEM 1. FINANCIAL STATEMENTS. </B></P>
<P align=center><B>CHINA BAK BATTERY, INC. AND SUBSIDIARIES <BR>CONDENSED
INTERIM CONSOLIDATED FINANCIAL STATEMENTS <BR></B><B>FOR THE THREE MONTHS ENDED
DECEMBER 31, 2011</B></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left><B>Contents</B> </TD>
    <TD width="10%" noWrap align=center><B>Page(s)</B> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left>Condensed Interim Consolidated Balance
      Sheets as of September 30, 2011 and December 31, 2011 (unaudited) </TD>
    <TD bgColor=#eeeeee width="10%" align=center>F-1</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Condensed Interim Consolidated Statements of Operations and
      Comprehensive Loss for the three months ended December 31, 2011 and 2010
      (unaudited) </TD>
    <TD width="10%" align=center>F-3</TD>
  </TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left>Condensed Interim Consolidated Statements
      of Shareholders&#146; Equity for the three months ended December 31, 2011 and
      2010 (unaudited) </TD>
    <TD bgColor=#eeeeee width="10%" align=center>F-4</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Condensed Interim Consolidated Statements of Cash Flows for
      the three months ended December 31, 2011 and 2010 (unaudited) </TD>
    <TD width="10%" align=center>F-5 - F-6</TD>
  </TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left>Notes to the Condensed Interim
      Consolidated Financial Statements (unaudited) </TD>
    <TD bgColor=#eeeeee width="10%" noWrap align=center>F-7 - F-30</TD>
  </TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_4></A>
<P align=center><B>PART I <BR></B><B><U>FINANCIAL INFORMATION</U></B><B>
</B></P>
<P align=justify><B>Item 1. Financial Statements. </B></P>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR>Condensed
interim consolidated balance sheets <BR>As of September 30, 2011 and December
31, 2011 </B></P>
<P align=center>(In US$) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right><I>September 30,</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right><I>December 31,</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>Note</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="1%" noWrap
    align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right><I>2011</I> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="2%" noWrap
    align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right><I>(Unaudited)</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left><B>Assets</B> </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><I>Current assets</I> </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Cash and cash equivalents </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;24,858,239 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;5,874,778 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Pledged deposits </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>2 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>5,725,587 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>4,982,895 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Trade accounts receivable, net </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center>3 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>88,261,267 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>109,241,526 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Inventories, net</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>4 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>67,140,968 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>55,493,017 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Prepayments and other receivables
</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center>5 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>5,242,418 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>6,762,289 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Deferred tax assets, net </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>6,000,450 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>3,987,419 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" align=center>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;Total current assets </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>197,228,929 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>186,341,924 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" align=center>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Property, plant and equipment, net </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>6 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>243,238,114 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>240,351,919 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Lease prepayments, net </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>32,730,707 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>32,883,679 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Intangible assets, net </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>295,136 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>738,223 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Deferred tax assets, net </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>1,749,045 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>1,731,500 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%" align=center>&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Total assets </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;475,241,931 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;462,047,245 </TD>
    <TD bgColor=#e6efff width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>See accompanying notes to the condensed interim consolidated
financial statements. </P>
<P align=center>F-1 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_5></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR>Condensed
interim consolidated balance sheets <BR>As of September 30, 2011 and December
31, 2011 (continued) </B></P>
<P align=center>(In US$) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom"><I>September 30,</I> </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom"><I>December 31,</I> </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center valign="bottom"><I>Note</I> </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom"><I>2011</I> </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom"><I>2011</I> </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom"><I>(Unaudited)</I> </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom"><B>Liabilities</B> </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom"><I>Current liabilities</I> </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Short-term bank loans </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">7 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">&nbsp;139,706,153 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">&nbsp;130,889,802 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Current maturities of long-term bank loans </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">8 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">23,495,136 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">7,929,460 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Accounts and bills payable </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">118,423,415 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">119,801,246 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Accrued expenses and other payables </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">20,975,742 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">25,890,005 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Total current liabilities
    </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">302,600,446 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">284,510,513 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Long-term bank loans, less current maturities </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">8 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">14,975,142 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">20,156,274 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Other long-term loan </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">9 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">2,457,309 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">2,487,979 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Deferred revenue </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">10 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">7,455,790 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">7,485,410 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Other long-term payables </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">11 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">11,731,738 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">11,149,422 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Deferred tax liabilities </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">747,666 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">756,997 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Total liabilities </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">339,968,091 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">326,546,595 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Commitments and contingencies </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">15 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom"><B>Shareholders&#146; equity</B> </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Common stock US$ 0.001 par value;
</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom">
    <p style="text-indent: -5pt; margin-left: 20pt">100,000,000 authorized; 63,816,276
    issued and outstanding as of September 30, 2011 and December 31, 2011</TD>
    <TD width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" align=center valign="bottom"></TD>
    <TD width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" align=right valign="bottom">63,817 </TD>
    <TD width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" align=right valign="bottom">63,817 </TD>
    <TD width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Donated shares </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">14,101,689 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">14,101,689 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Additional paid-in capital </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">126,135,472 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">126,390,949 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Statutory reserves </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">7,645,303 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">7,786,157 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Accumulated deficit </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(44,410,240</TD>
    <TD width="2%" noWrap align=left valign="bottom">) </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(46,370,848</TD>
    <TD width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Accumulated other comprehensive
      income </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">35,804,409 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">37,595,496 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; </TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">139,340,450 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">139,567,260 </TD>
    <TD width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Less:
      Treasury shares </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">(4,066,610</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">(4,066,610</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Total
      shareholders&#146; equity </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">135,273,840 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">135,500,650 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Total liabilities and shareholders&#146;
      equity </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">&nbsp;475,241,931 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">&nbsp;462,047,245 </TD>
    <TD bgColor=#e6efff width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR></TABLE>
<P align=justify>See accompanying notes to the condensed interim consolidated
financial statements. </P>
<P align=center>F-2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_6></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Condensed
interim consolidated statements of operations and comprehensive loss <BR>For the
three months ended December 31, 2010 and 2011 <br>
</B>(Unaudited) <br>
(In US$) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="41%" colSpan=4 noWrap
    align=center><I>Three months ended December 31,</I> </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="18%" noWrap
      align=right><I>2010</I> </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="18%" noWrap
      align=right><I>2011</I> </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Net revenues </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=right>&nbsp;63,530,219 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=right>&nbsp;71,754,957 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Cost of revenues </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="18%" noWrap
      align=right>(53,533,855</TD>
    <TD width="3%" noWrap align=left>) </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="18%" noWrap
      align=right>(57,723,757</TD>
    <TD width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Gross profit </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="18%"
    noWrap align=right>9,996,364 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="18%"
    noWrap align=right>14,031,200 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Operating expenses: </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=left>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=left>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;Research
      and development expenses </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=right>(1,644,744</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=right>(1,244,152</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;Sales and marketing
      expenses </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=right>(2,273,363</TD>
    <TD width="3%" noWrap align=left>) </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=right>(1,957,670</TD>
    <TD width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;General
      and administrative expenses </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=right>(7,878,671</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=right>(5,789,276</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;Impairment charge </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="18%" noWrap
      align=right>- </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="18%" noWrap
      align=right>(2,707,686</TD>
    <TD width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;Total
      operating expenses </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="18%"
    noWrap align=right>(11,796,778</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="18%"
    noWrap align=right>(11,698,784</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Operating (loss) / income </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=right>(1,800,414</TD>
    <TD width="3%" noWrap align=left>) </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=right>2,332,416 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Finance costs, net </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=right>(2,839,640</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=right>(2,882,729</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Government grant income </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=right>606,971 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=right>824,687 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Other income </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="18%"
    noWrap align=right>241,493 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="18%"
    noWrap align=right>19,882 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>(Loss) / income before income taxes </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=right>(3,791,590</TD>
    <TD width="3%" noWrap align=left>) </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=right>294,256 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Income tax benefits / (expenses) </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="18%"
    noWrap align=right>133,798 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="18%"
    noWrap align=right>(2,114,010</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Net loss </TD>
    <TD width="2%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="18%" noWrap
      align=right>&nbsp;(3,657,792</TD>
    <TD width="3%" noWrap align=left>) </TD>
    <TD width="2%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="18%" noWrap
      align=right>&nbsp;(1,819,754</TD>
    <TD width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Other comprehensive income </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="18%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;- Foreign currency
      translation adjustment </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="18%" noWrap
      align=right>2,050,152 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="18%" noWrap
      align=right>1,791,087 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Comprehensive loss </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="18%"
    noWrap align=right>&nbsp;(1,607,640</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="18%"
    noWrap align=right>&nbsp;(28,667</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Net loss per share: </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=left>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="18%" noWrap align=left>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;- Basic
    </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="18%"
    noWrap align=right>&nbsp;(0.06</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="18%"
    noWrap align=right>&nbsp;(0.03</TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;- Diluted </TD>
    <TD width="2%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="18%" noWrap
      align=right>&nbsp;(0.06</TD>
    <TD width="3%" noWrap align=left>) </TD>
    <TD width="2%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="18%" noWrap
      align=right>&nbsp;(0.03</TD>
    <TD width="3%" noWrap align=left>) </TD></TR>
  <tr>
    <TD align=left bgcolor="#E6EFFF">Weighted average number of shares of common stock: </TD>
    <TD width="1%" align=left bgcolor="#E6EFFF">&nbsp;</TD>
    <TD width="12%" align=left bgcolor="#E6EFFF"></TD>
    <TD width="2%" align=left bgcolor="#E6EFFF">&nbsp;</TD>
    <TD width="1%" align=left bgcolor="#E6EFFF">&nbsp;</TD>
    <TD width="12%" align=left bgcolor="#E6EFFF"></TD>
    <TD width="2%" align=left bgcolor="#E6EFFF">&nbsp;</TD>
  </tr>
  <tr>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;- Basic </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>62,895,001 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>63,095,246 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
  </tr>
  <tr>
    <TD noWrap align=left bgcolor="#E6EFFF">&nbsp; &nbsp; &nbsp; &nbsp;- Diluted </TD>
    <TD width="1%" noWrap align=left bgcolor="#E6EFFF">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right bgcolor="#E6EFFF">62,895,001 </TD>
    <TD width="2%" noWrap align=left bgcolor="#E6EFFF">&nbsp;</TD>
    <TD width="1%" noWrap align=left bgcolor="#E6EFFF">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right bgcolor="#E6EFFF">63,095,246 </TD>
    <TD width="2%" noWrap align=left bgcolor="#E6EFFF">&nbsp;</TD>
  </tr>
</TABLE>
<!--$$/page=-->
<P align=justify>See accompanying notes to the condensed interim consolidated
financial statements. </P>
<P align=center>F-3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_8></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Condensed
interim consolidated statements of shareholders&#146; equity <BR>For the three months
ended December 31, 2010 and 2011 <BR></B>(Unaudited) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 8pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">Retained </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">Accumulated </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="17%" colSpan=4 noWrap
    align=center valign="bottom">Shares of common stock </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">Additional </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">earnings / </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">other </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="17%" colSpan=4 noWrap
    align=center valign="bottom">Treasury shares </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">Total </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">Number of </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">Donated </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">paid-in </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">Statutory </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">(accumulated </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">comprehensive </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">Number of&nbsp;&nbsp;</TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" noWrap align=center valign="bottom">shareholders&#146; </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center valign="bottom">&nbsp; </TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">shares </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">Amount </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">shares </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">capital </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">reserves </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">deficit) </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">income </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">shares </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">Amount </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center valign="bottom">equity </TD>
    <TD width="2%" noWrap align=center valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD align=center valign="bottom">&nbsp; </TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD>
    <TD width="1%" align=center valign="bottom">&nbsp;</TD>
    <TD width="7%" align=center valign="bottom">&nbsp; </TD>
    <TD width="2%" align=center valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Balance as of October 1, 2010 </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">63,612,526 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">&nbsp;63,613 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">&nbsp;14,101,689 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">&nbsp;124,551,522 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">&nbsp;7,314,565 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">&nbsp;(19,542,138</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">&nbsp;28,010,135 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">(721,030</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">&nbsp;(4,066,610</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">&nbsp;150,432,776 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Net loss </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">(3,657,792</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">(3,657,792</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Share-based compensation for employee stock
      awards </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">525,019 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">515,079 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Issuance of common stock to non- employee
      directors </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">3,750 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">4 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">(4</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Appropriation to statutory reserves </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">330,738 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">(330,738</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Foreign currency translation adjustment </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">2,050,152 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">2,050,152 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: solid; border-top-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Balance as of December 31, 2010 </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">63,616,276 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;63,617 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;14,101,689 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;125,076,537 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;7,645,303 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;(23,530,668</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;30,060,287 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">(721,030</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;(4,066,610</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">$</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom" style="border-bottom-style: double; border-bottom-width: 3">&nbsp;149,350,155 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Balance as of October 1, 2011 </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">63,816,276 </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;63,817 </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;14,101,689 </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;126,135,472 </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;7,645,303 </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;(44,410,240</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">) </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;35,804,409 </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">(721,030</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">) </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;(4,066,610</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="2%"
    align=left valign="bottom">) </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;135,273,840 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Net loss </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">(1,819,754</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right valign="bottom">(1,819,754</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Share-based compensation for employee stock
      awards </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">255,477 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">255,477 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Appropriation to statutory reserves </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">140,854 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">( 140,854</TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Foreign currency translation adjustment </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">1,791,087 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" align=right valign="bottom">1,791,087 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD width="1%" valign="bottom">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD width="7%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp; </TD>
    <TD width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left valign="bottom">Balance as of December 31, 2011 </TD>
    <TD bgColor=#e6efff width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">63,816,276 </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;63,817 </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;14,101,689 </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;126,390,949 </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;7,786,157 </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;(46,370,848</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">) </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;37,595,496 </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">(721,030</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">) </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;(4,066,610</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="2%"
    align=left valign="bottom">) </TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="1%"
    align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" bgColor=#e6efff width="7%"
    align=right valign="bottom">&nbsp;135,500,650 </TD>
    <TD bgColor=#e6efff width="2%" align=left valign="bottom">&nbsp;</TD></TR></TABLE>
<P align=justify>See accompanying notes to the condensed interim consolidated
financial statements. </P>
<P align=center>F-4 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_9></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR>Condensed
interim consolidated statements of cash flows <BR>For the three months ended
December 31, 2010 and 2011 <BR></B>(Unaudited) (In US$) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="27%" colSpan=4 noWrap
    align=center valign="bottom"><I>Three months ended December 31,</I> </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center valign="bottom"><I>2010</I> </TD>
    <TD  width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center valign="bottom"><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom"><B>Cash flow from operating
      activities</B> </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Net loss </TD>
    <TD  width="1%" noWrap align=left valign="bottom">$</TD>
    <TD width="12%" noWrap align=right valign="bottom">&nbsp;(3,657,792</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD>
    <TD  width="1%" noWrap align=left valign="bottom">$</TD>
    <TD width="12%" noWrap align=right valign="bottom">&nbsp;(1,819,754</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Adjustments to reconcile net loss to
      net cash provided by operating activities: </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Depreciation and
      amortization </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">4,319,358 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">5,178,125 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Provision
      for doubtful debts </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">3,060,868 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">1,053,939 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Recovery of provision for
      obsolete inventories </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">- </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(321,636</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp;
      &nbsp;Impairment charge </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">2,707,686 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Share-based compensation
    </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">525,019 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">255,477 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Deferred
      income taxes </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">(235,750</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">2,110,627 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Deferred revenue </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(60,096</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(62,939</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Exchange
      (gain) / loss </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">(65,527</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">164,869 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD  width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" valign="bottom">&nbsp; </TD>
    <TD  width="2%" valign="bottom">&nbsp;</TD>
    <TD  width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" valign="bottom">&nbsp; </TD>
    <TD  width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Changes in operating assets and
      liabilities: </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Trade accounts receivable
    </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(7,871,723</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(20,225,712</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp;
      &nbsp;Inventories </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">(2,228,036</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">12,688,338 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Prepayments and other
      receivables </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">521,311 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(2,003,045</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Accounts
      and bills payable </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">15,961,714 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">(1,027,864</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; &nbsp; &nbsp; &nbsp;Accrued expenses and
      other payables </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">8,116,784 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">6,947,805 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Net cash provided by operating activities </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">18,386,130 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right valign="bottom">5,645,916 </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom"><B>Cash flow from investing activities</B> </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=left valign="bottom">&nbsp; </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" valign="bottom">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">Purchases of property, plant and equipment </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(5,967,721</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" noWrap align=right valign="bottom">(3,777,916</TD>
    <TD  width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Purchases of intangible assets </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">(463,779</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">) </TD></TR>
  <TR>
    <TD valign="bottom">&nbsp; </TD>
    <TD  width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" valign="bottom">&nbsp; </TD>
    <TD  width="2%" valign="bottom">&nbsp;</TD>
    <TD  width="1%" valign="bottom">&nbsp;</TD>
    <TD width="12%" valign="bottom">&nbsp; </TD>
    <TD  width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Net cash used in investing
      activities </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">&nbsp;(5,967,721</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right valign="bottom">&nbsp;(4,241,695</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">)
  </TD></TR></TABLE>
<P align=justify>See accompanying notes to the condensed interim consolidated
financial statements. </P>
<P align=center>F-5 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_10></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR>Condensed
interim consolidated statements of cash flows <BR>For the three months ended
December 31, 2010 and 2011(continued) <BR></B>(Unaudited) <BR>(In US$) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR>
    <TD noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="27%" colSpan=4 noWrap
    align=center><I>Three months ended December 31,</I>&nbsp;</TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2010</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left><B>Cash flow from financing
      activities</B> </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Proceeds from borrowings </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;27,754,283 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;37,817,913 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Repayment of borrowings </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>(31,759,964</TD>
    <TD width="2%" noWrap align=left>) </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>(59,074,742</TD>
    <TD width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>(Increase) / decrease in pledged
      deposits </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>(6,757,619</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>807,608 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Net cash used in financing
      activities </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>(10,763,300</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>(20,449,221</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Effect of exchange rate changes on cash and cash</B>
      <B>equivalents</B> </TD>
    <TD width="1%" align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%"
      align=right><B>283,148</B> </TD>
    <TD width="2%" align=left>&nbsp;</TD>
    <TD width="1%" align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%"
      align=right><B>61,539</B> </TD>
    <TD width="2%" align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>Net increase / (decrease) in cash and cash
      equivalents</B> </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right><B>1,938,257</B> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right><B>(18,983,461</B></TD>
    <TD width="2%" noWrap align=left><B>)</B> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left><B>Cash and cash equivalents at the
      beginning of period</B> </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right><B>22,588,635</B> </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right><B>24,858,239</B> </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left><B>Cash and cash equivalents at the
      end of period</B> </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right><B>&nbsp;24,526,892</B> </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right><B>&nbsp;5,874,778</B> </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left><B>Supplemental disclosure of cash
      flow information:</B> </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Cash received during the period for:
    </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;Bills receivable
      discounted to banks </TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;9,095,582 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;4,827,214 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Cash paid during the period for: </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;Income
      taxes </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;- </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;Interest,
      net of amounts capitalized </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;2,402,600 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;2,663,769 </TD>
    <TD bgColor=#e6efff width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>See accompanying notes to the condensed interim consolidated
financial statements. </P>
<P align=center>F-6 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_11></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 <BR></B>(Unaudited) </P>
<P align=justify><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Activities, Basis of Presentation and
Organization </B></P>
<P align=justify><I>Principal Activities </I></P>
<P align=justify>China BAK Battery, Inc. (&#147;China BAK&#148;) is a corporation formed
in the State of Nevada on October 4, 1999 as Medina Copy, Inc. The Company
changed its name to Medina Coffee, Inc. on October 6, 1999 and subsequently
changed its name to China BAK Battery, Inc. on February 14, 2005. China BAK and
its subsidiaries (hereinafter, collectively referred to as the &#147;Company&#148;) are
principally engaged in the manufacture, commercialization and distribution of a
wide variety of standard and customized lithium ion (known as "Li-ion" or
"Li-ion cell") rechargeable batteries for use in cellular telephones, as well as
various other portable electronic applications, including high-power handset
telephones, laptop computers, power tools, digital cameras, video camcorders,
MP3 players, electric bicycles, hybrid/electric motors, and general industrial
applications. </P>
<P align=justify>The shares of the Company traded in the over-the-counter market
through the Over-the-Counter Bulletin Board from 2005 until May 31, 2006, when
the Company obtained approval to list its common stock on The NASDAQ Global
Market, and trading commenced that same date under the symbol "CBAK". </P>
<P align=justify><I>Basis of Presentation and Organization </I></P>
<P align=justify>As of December 31, 2011, the Company&#146;s subsidiaries consisted
of: i) BAK International Limited (&#147;BAK International&#148;), a wholly owned limited
liability company incorporated in Hong Kong on December 29, 2003 as BATCO
International Limited, which changed its name to BAK International Limited on
November 3, 2004; ii) Shenzhen BAK Battery Co., Ltd. (&#147;Shenzhen BAK&#148;), a wholly
owned limited liability company established on August 3, 2001 in the People&#146;s
Republic of China (&#147;PRC&#148;); iii) BAK Electronics (Shenzhen) Co., Ltd. (&#147;BAK
Electronics&#148;), a wholly owned limited liability company established on August
15, 2005 in the PRC; iv) BAK International (Tianjin) Ltd. (&#147;BAK Tianjin&#148;), a
wholly owned limited liability company established on December 12, 2006 in the
PRC; v) BAK Battery Canada Ltd. (&#147;BAK Canada&#148;), a wholly owned limited liability
company established on December 20, 2006 in Canada as BAK Canada Battery Ltd.,
which changed its name to BAK Battery Canada Ltd. on December 22, 2006; vi) BAK
Europe GmbH (&#147;BAK Europe&#148;), a wholly owned limited liability company established
in Germany on November 28, 2007; vii) BAK Telecom India Private Limited (&#147;BAK
India&#148;), a wholly owned limited liability company established in India on August
14, 2008; and viii) Tianjin Meicai New Materials Technology Co., Ltd. (&#147;Tianjin
Meicai&#148;), a wholly owned limited liability company established on February 22,
2011 in the PRC. As of December 31, 2011, BAK International beneficially owns
100% of BAK India partly through a nominee agreement with one of its
employees.</P>
<P align=justify>BAK Tianjin was established in Tianjin Technology Industrial
District on December 12, 2006 as a wholly owned subsidiary of BAK International
with registered capital of US$99,990,000. Pursuant to BAK Tianjin&#146;s articles of
association and relevant PRC regulations, BAK International was required to
contribute US$20,000,000 to BAK Tianjin as capital (representing 20% of BAK
Tianjin&#146;s registered capital) before March 11, 2007. An extension from the
Business Administration Bureau of Beichen District, Tianjin, was obtained to
make this contribution no later than December 11, 2007. </P>
<P align=justify>On November 16, 2007, BAK International contributed
approximately US$20,000,000 capital to BAK Tianjin. The remaining US$79,990,000
was originally required to be fully contributed no later than December 11, 2008
and an extension from the Business Administration Bureau of Beichen District,
Tianjin, was obtained to make this contribution no later than December 11, 2009.
On November 16, 2009, BAK International contributed approximately US$9,000,000
capital to BAK Tianjin and as of November 16, 2009, the total contribution from
BAK International was US$29,000,000. The remaining US$70,990,000 was originally
required to be fully contributed no later than December 11, 2009 and an
extension from the Business Administration Bureau of Beichen District, Tianjin,
was obtained to make this contribution no later than December 2012. In August
2011, BAK International contributed approximately US$21,000,000 capital to BAK
Tianjin and as of December 31, 2011, the total contribution from BAK
International was US$50,000,000. BAK Tianjin is principally engaged in the
manufacture of larger lithium ion batteries for use in cordless power tools and
various types of vehicles.</P>
<P align=center>F-7 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_13></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Activities, Basis of Presentation and
Organization (continued) </B></P>
<P align=justify><I>Basis of Presentation and Organization (continued) </I></P>
<P align=justify>On November 6, 2004, BAK International, a non-operating holding
company that had substantially the same shareholders as Shenzhen BAK, entered
into a share swap transaction with the shareholders of Shenzhen BAK for the
purpose of the subsequent reverse acquisition of the Company as described below.
Pursuant to the terms of the share swap transaction, BAK International acquired
all of the outstanding shares of Shenzhen BAK for US$11.5 million in cash, while
the shareholders of Shenzhen BAK acquired substantially all of the outstanding
shares of BAK International for US$11.5 million in cash. As a result, Shenzhen
BAK became a wholly-owned subsidiary of BAK International. After the share swap
transaction was completed, there were 31,225,642 shares of BAK International
stock outstanding, exactly the same as the number of shares of capital stock of
Shenzhen BAK that had been outstanding immediately prior to the share swap, and
the shareholders of BAK International were substantially the same as the
shareholders of Shenzhen BAK prior to the share swap. Consequently, the share
swap transaction between BAK International and the shareholders of Shenzhen BAK
was accounted for as a reverse acquisition of Shenzhen BAK with no adjustment to
the historical basis of the assets and liabilities of Shenzhen BAK. </P>
<P align=justify>On January 20, 2005, the Company completed a share swap
transaction with the shareholders of BAK International. The share swap
transaction, also referred to as the &#147;reverse acquisition&#148; of the Company, was
consummated under Nevada law pursuant to the terms of a Securities Exchange
Agreement entered by and among China BAK, BAK International and the shareholders
of BAK International on January 20, 2005. Pursuant to the Securities Exchange
Agreement, the Company issued 39,826,075 shares of common stock, par value
US$0.001 per share, to the shareholders of BAK International (including
31,225,642 shares to the original shareholders and 8,600,433 shares to new
investors who had purchased shares in the private placement described below),
representing approximately 97.2% of the Company&#146;s post-exchange issued and
outstanding common stock, in exchange for 100% of the outstanding capital stock
of BAK International. </P>
<P align=justify>The share swap transaction has been accounted for as a
capital-raising transaction of the Company whereby the historical financial
statements and operations of Shenzhen BAK are consolidated using historical
carrying amounts. The 1,152,458 shares of China BAK outstanding prior to the
stock exchange transaction were accounted for at the net book value at the time
of the transaction, which was a deficit of US$1,672. </P>
<P align=justify>Also on January 20, 2005, immediately prior to consummating the
share swap transaction, BAK International executed a private placement of its
common stock with unrelated investors whereby it issued an aggregate of
8,600,433 shares of common stock for gross proceeds of US$17,000,000. In
conjunction with this financing, Mr. Xiangqian Li, the Chairman and Chief
Executive Officer of the Company, agreed to place 2,179,550 shares of the
Company&#146;s common stock owned by him into an escrow account pursuant to an Escrow
Agreement dated January 20, 2005 (the &#147;Escrow Agreement&#148;). Pursuant to the
Escrow Agreement, 50% of the escrowed shares were to be released to the
investors in the private placement if audited net income of the Company for the
fiscal year ended September 30, 2005 was not at least US$12,000,000, and the remaining 50% were
to be released to investors in the private placement if audited net income of
the Company for the fiscal year ended September 30, 2006 was not at least
US$27,000,000. If the audited net income of the Company for the fiscal years
ended September 30, 2005 and 2006 reached the above-mentioned targets, the
2,179,550 shares would be released to Mr. Xiangqian Li in the amount of 50% upon
reaching the 2005 target and the remaining 50% upon reaching the 2006 target. </P>
<P align=justify>Under accounting principles generally accepted in the United
States of America (&#147;US GAAP&#148;), escrow agreements such as the one established by
Mr. Xiangqian Li generally constitute compensation if, following attainment of a
performance threshold, shares are returned to a company officer. The Company
determined that without consideration of the compensation charge, the
performance thresholds for the year ended September 30, 2005 would be achieved.
However, after consideration of a related compensation charge, the Company
determined that such thresholds would not have been achieved. The Company also
determined that, even without consideration of a compensation charge, the
performance thresholds for the year ended September 30, 2006 would not be
achieved. No compensation charge was recorded by the Company for the years ended
September 30, 2005 and 2006. </P>
<P align=center>F-8 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_15></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Activities, Basis of Presentation and
Organization (continued) </B></P>
<P align=justify><I>Basis of Presentation and Organization (continued) </I></P>
<P align=justify>While the 1,089,775 escrow shares relating to the 2005
performance threshold were previously released to Mr. Xiangqian Li, Mr.
Xiangqian Li executed a further undertaking on August 21, 2006 to return those
shares to the escrow agent for the distribution to the relevant investors.
However, such shares were not returned to the escrow agent, but, pursuant to a
Delivery of Make Good Shares, Settlement and Release Agreement between the
Company, BAK International and Mr. Li entered into on October 22, 2007 (the &#147;Li
Settlement Agreement&#148;), such shares were ultimately delivered to the Company as
described below. Because the Company failed to satisfy the performance threshold
for the fiscal year ended September 30, 2006, the remaining 1,089,775 escrow
shares relating to the fiscal year 2006 performance threshold were released to
the relevant investors. As Mr. Li has not retained any of the shares placed into
escrow, and as the investors party to the Escrow Agreement are only shareholders
of the Company and do not have and are not expected to have any other
relationship to the Company, the Company has not recorded a compensation charge
for the years ended September 30, 2005 and 2006. </P>
<P align=justify>At the time the escrow shares relating to the 2006 performance
threshold were transferred to the investors in fiscal year 2007, the Company
should have recognized a credit to donated shares and a debit to additional
paid-in capital, both of which are elements of shareholders&#146; equity. This entry
is not material because total ordinary shares issued and outstanding, total
shareholders&#146; equity and total assets do not change; nor is there any impact on
income or earnings per share. Therefore, previously filed consolidated financial
statements for the fiscal year ended September 30, 2007 will not be restated.
This share transfer has been reflected in these financial statements by
reclassifying the balances of certain items as of October 1, 2007. The balances
of donated shares and additional paid-in capital as of October 1, 2007 were
credited and debited by US$7,955,358 respectively.</P>
<P align=justify>In November 2007, Mr. Xiangqian Li delivered the 1,089,775
shares related to the 2005 performance threshold to BAK International pursuant
to the Li Settlement Agreement; BAK International in turn delivered the shares
to the Company. Such shares (other than those issued to investors pursuant to
the 2008 Settlement Agreements, as described below) are now held by the Company.
Upon receipt of these shares, the Company and BAK International released all
claims and causes of action against Mr. Xiangqian Li regarding the shares, and
Mr. Xiangqian Li released all claims and causes of action against the Company
and BAK International regarding the shares. Under the terms of the Li Settlement
Agreement, the Company commenced negotiations with the investors who
participated in the Company&#146;s January 2005 private placement in order to achieve
a complete settlement of BAK International&#146;s obligations (and the Company&#146;s
obligations to the extent it has any) under the applicable agreements with such
investors. </P>
<P align=justify>Beginning on March 13, 2008, the Company has entered into
settlement agreements (the &#147;2008 Settlement Agreements&#148;) with certain investors
in the January 2005 private placement. </P>
<P align=justify>Pursuant to the 2008 Settlement Agreements, the Company and the
settling investors have agreed, without any admission of liability, to a
settlement and mutual release from all claims relating to the January 2005
private placement, including all claims relating to the escrow shares related to
the 2005 performance threshold that had been placed into escrow by Mr. Xiangqian
Li, as well as all claims, including claims for liquidated damages relating to
registration rights granted in connection with the January 2005 private
placement. Under the 2008 Settlement Agreement, the Company has made settlement
payments to each of the settling investors of the number of shares of the
Company&#146;s common stock equivalent to 50% of the number of the escrow shares
related to the 2005 performance threshold these investors had claimed; aggregate
settlement payments as of December 31, 2011 amounted to 368,745 shares. Share
payments to date have been made in reliance upon the exemptions from
registration provided by Section 4(2) and/or other applicable provisions of the
Securities Act of 1933, as amended. In accordance with the 2008 Settlement
Agreements, the Company filed a registration statement covering the resale of
such shares which was declared effective by the SEC on June 26, 2008. </P>
<P align=justify>The Company&#146;s condensed interim consolidated financial
statements have been prepared in accordance with US GAAP.</P>
<P align=center>F-9 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_17></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Activities, Basis of Presentation and
Organization (continued) </B></P>
<P align=justify><I>Basis of Presentation and Organization (continued) </I></P>
<P align=justify>The interim results of operations are not necessarily
indicative of the results to be expected for the fiscal year ending September
30, 2012. The Company&#146;s consolidated balance sheet as of September 30, 2011 has
been taken from the Company&#146;s audited consolidated balance sheet as of that
date. All other financial statements contained herein are unaudited and, in the
opinion of management, contain all adjustments (consisting only of normal
recurring accruals) necessary for a fair presentation of financial position,
results of operations and cash flows for the periods presented. The Company&#146;s
accounting policies and certain other disclosure are set forth in the notes to
the consolidated financial statements contained in the Company&#146;s Annual Report
on Form 10-K for the year ended September 30, 2011. These condensed interim
consolidated financial statements
should be read in conjunction with the Company&#146;s audited consolidated financial
statements and notes thereto. </P>
<P align=justify>The preparation of financial statements in conformity with US
GAAP requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosures of contingent assets
and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting periods. Actual results could
differ from those estimates. This basis of accounting differs in certain
material respects from that used for the preparation of the books of account of
the Company&#146;s principal subsidiaries, which are prepared in accordance with the
accounting principles and the relevant financial regulations applicable to
enterprises with limited liabilities established in the PRC, Hong Kong, India,
Canada or Germany, the accounting standards used in the places of their
domicile. The accompanying condensed interim consolidated financial statements
reflect necessary adjustments not recorded in the books of account of the
Company&#146;s subsidiaries to present them in conformity with US GAAP. </P>
<P align=justify>The Company has a working capital deficiency, accumulated
deficit from recurring net losses incurred for the current and prior periods and
significant short-term debt obligations maturing in less than one year as of
December 31, 2011 and for the three months ended December 31, 2011. These
factors raise substantial doubts about the Company&#146;s ability to continue as a
going concern. The Company has continued to develop a strategic plan to generate
a positive cash flow from operating activities for the fiscal year ending
September 30, 2012 and 2013 (the &#147;FY2012&amp;2013 Turnaround Plan&#148;). Under the
FY2012&amp;2013 Turnaround Plan, the Company will continue to increase the
presence in OEM market both domestically and internationally with more
aggressive marketing strategies to expand market share while securing the
existing customer base. The Company will also continue implementing cost
reductions on both manufacturing costs and operating expenses to improve profit
margins as well as reduce receivable turnover days through stronger credit
controls. </P>
<P align=justify>The accompanying condensed interim consolidated financial statements have
been prepared assuming the Company will continue to operate as a going concern,
which contemplates the realization of assets and the settlement of liabilities
in the normal course of business. The interim consolidated financial statements
do not include any adjustments to reflect the possible future effects on the
recoverability and classification of assets or the amounts and classification
of liabilities that may result from the outcome of this uncertainty related to
the Company&#146;s ability to continue as a going concern. </P>
<P align=center>F-10 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_19></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Activities, Basis of Presentation and
Organization (continued) </B></P>
<P align=justify><B><I>Recently Issued Accounting Standards </I></B></P>
<P align=justify>The FASB issued ASU 2011-02, &#147;Receivables (Topic 310): A
Creditor&#146;s Determination of Whether a Restructuring is a Troubled Debt
Restructuring&#148;. The amendments to Topic 310 clarify the guidance on a creditor&#146;s
evaluation of whether a debtor is experiencing financial difficulties. A
creditor should evaluate whether it is probable that the debtor would be in
payment default on any of its debts in foreseeable future without the
modification. In addition, the amendments to Topic 310 clarify that a creditor
is precluded from using the effective interest rate test in the debtor&#146;s
guidance on restructuring of payables (paragraph 470-60-55-10) when evaluating
whether a restructuring constitutes a troubled debt restructuring. An entity
should disclose the total amount of receivables and the allowance for credit
losses as of the end of the period of adoption related to those receivables that
are newly considered impaired under Section 310-10-35 for which impairment was
previously measured under Subtopic 450-20, Contingencies &#150; Loss Contingencies.
The adoption of ASU 2011-02 has no material impact on the Company&#146;s financial
statements. </P>
<P align=justify>In April 2011, the FASB issued ASU 2011-03, &#147;Transfers and
Servicing (Topic 860): Reconsideration of Effective Control for Repurchase
Agreements&#148;. The amendments in this ASU update remove from the assessment of
effective control (1) the criterion requiring the transferor to have the ability
to repurchase or redeem the financial assets on substantially the agreed terms,
even in the event of default by the transferee, and (2) the collateral maintance
implementation guidance related to that criterion. The guidance in this ASU
update is effective for the first interim or annual period beginning on or after
December 15, 2011. The guidance should be applied prospectively to transactions
or modifications of existing transactions that occur on or after the effective
date. Early adoption is not permitted. The Company is currently evaluating the
impact of the adoption of ASU 2011-3 on its financial statements. </P>
<P align=justify>In May 2011, the FASB issued ASU 2011-04, &#147;Fair Value
Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and
Disclosure Requirements in U.S. GAAP and IFRSs&#148;. The FASB and the International
Accounting Standard Board (IASB) works together to ensure that fair value has
the same meaning in U.S. GAAP and IFRSs and that their respective fair value
measurement and disclosure requirements are the same (except for minor
differences in wording and style). The Boards concluded that the amendments in
this ASU update will improve the comparability of fair value measurements
presented and disclosed in financial statements prepared in accordance with U.S.
GAAP and IFRSs. The amendments in this ASU update explain how to measure fair
value. They do not require additional fair value measurements and are not
intended to establish valuation standards or affect valuation practices outside
of financial reporting. The amendments in this ASU update are to be applied
prospectively. For public entities, the amendments are effective during interim
and annual periods beginning after December 15, 2011. Early application by
public entities is not permitted. The Company is currently evaluating the impact
of the adoption of ASU 2011-04 on its financial statements. </P>
<P align=center>F-11 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_21></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Activities, Basis of Presentation and
Organization (continued) </B></P>
<P align=justify><B><I>Recently Issued Accounting Standards (continued)
</I></B></P>
<P align=justify>In June 2011, the FASB issued ASU 2011-05, &#147;Comprehensive
Income (Topic 220): Presentation of Comprehensive Income&#148;. In this ASU updated,
the entity has the option to present the total of comprehensive income, the
components of net income, and the components of other comprehensive income
either in a single continuous statement of comprehensive income or in two
separate but consecutive statements. In both choices, an entity is required to
present each component of net income along with total net income, each component
of other comprehensive income along with a total for other comprehensive income,
and a total amount for comprehensive income. This Update eliminates the option
to present the components of other comprehensive income as part of the statement
of changes in stockholders&#146; equity. The amendments in this ASU update do not
change the items that must be reported in other comprehensive income or when an
item of other comprehensive income must be reclassified to net income. In
December 2011, ASU 2011-12 &#147;Comprehensive Income (Topic 220): Deferral of the
Effective Date for Amendments to the Presentation of Reclassifications of Items
Out of Accumulated Other Comprehensive Income in Accounting Standards Update No.
2011-05&#148; was issued. The amendments in this Update supersede certain pending
paragraphs in Accounting Standards Update No. 2011-05, Comprehensive Income
(Topic 220): Presentation of Comprehensive Income, to effectively defer only
those changes in Update 2011-05 that relate to the presentation of
reclassification adjustments out of accumulated other comprehensive income. The
amendments will be temporary to allow the Board time to redeliberate the
presentation requirements for reclassifications out of accumulated other
comprehensive income for annual and interim financial statements for public,
private, and non-profit entities. The amendments in this ASU update are to be
applied retrospectively. For public entities, the amendments are effective for
fiscal years, and interim periods within those years, beginning after December
15, 2011. Early application by public entities is permitted. The Company is
currently evaluating the impact of the adoption of ASU 2011-05 and ASU 2011-12 on its financial
statements. </P>
<P align=justify>In December 2011, the FASB issued ASU 2011-11, &#147;Balance Sheet
(Topic 210): Disclosures about Offsetting Assets and Liabilities (December
2011)&#148;. This amendment is to provide enhanced disclosures that will enable users
of its financial statements to evaluate the effect or potential effect of
netting arrangements on an entity&#146;s financial position. This includes the effect
or potential effect of rights of setoff associated with an entity&#146;s recognized
assets and recognized liabilities within the scope of this Update. The
amendments require enhanced disclosures by requiring improved information about
financial instruments and derivative instruments that are either (1) offset in
accordance with either Section 210-20-45 or Section 815-10-45 or (2) subject to
an enforceable master netting arrangement or similar agreement, irrespective of
whether they are offset in accordance with either Section 210-20-45 or Section
815-10-45. The amendments in this ASU update are to be applied retrospectively.
This amendments is effective for annual reporting periods beginning on or after
January 1, 2013, and interim periods within those annual periods. Retrospective
disclosure required for all comparative periods presented. The Company is currently evaluating the impact of the adoption of ASU
2011-11 on its financial statements. </P>
<P align=center>F-12 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_23></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pledged Deposits </B></P>
<P align=justify>Pledged deposits as of September 30, 2011 and December 31, 2011
consisted of the following: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>Pledged deposits with banks for: </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Construction payable </TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD width="12%" noWrap align=right>&nbsp;4,170,122 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD width="12%" noWrap align=right>&nbsp;3,407,616 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp;Bills payable </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>1,555,465 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>1,575,279 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;5,725,587 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;4,982,895 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>Deposits pledged for construction payable are generally
released when the relevant construction projects are completed. </P>
<P align=justify><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade Accounts Receivable, net </B></P>
<P align=justify>Trade accounts receivable as of September 30, 2011 and December
31, 2011 consisted of the following: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>Trade accounts receivable </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;104,065,501 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;133,575,522 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>Less: Allowance for doubtful accounts </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>(26,494,550</TD>
    <TD width="2%" noWrap align=left>) </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>(27,327,488</TD>
    <TD width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>77,570,951 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>106,248,034 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>Bills receivable </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>10,690,316 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>2,993,492 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;88,261,267 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;109,241,526 </TD>
    <TD bgColor=#e6efff width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>An analysis of the allowance for doubtful accounts for the
three months ended December 31, 2010 and 2011 is as follows: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="27%" colSpan=4 noWrap
    align=center><I>Three months ended December 31,</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2010</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>Balance at beginning of period </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;23,354,925 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;26,494,550 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left>Addition of bad debt expense, net </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>3,048,943 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>498,325 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>Foreign exchange adjustment </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>342,722 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>334,613 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>Balance at end of period </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;26,746,590 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;27,327,488 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE>
<P align=center>F-13 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_25></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the nine months
ended December 31, 2009 and 2010 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories, net</B></P>
<P align=justify>Inventories as of September 30, 2011 and December 31, 2011
consisted of the following: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>Raw materials </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;21,294,868 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;19,781,767 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>Work-in-progress </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>9,366,491 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>9,783,302 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>Finished goods </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>43,605,308 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>32,818,407 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>74,266,667 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>62,383,476 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>Provision for obsolete inventories </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>(7,125,699</TD>
    <TD width="2%" noWrap align=left>) </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>(6,890,459</TD>
    <TD width="2%" noWrap align=left>) </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;67,140,968 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;55,493,017 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>Part of the Company&#146;s inventories with carrying value of
US$23,495,137 and US$23,788,379 as of September 30, 2011 and December 31, 2011,
respectively, was pledged as collateral under certain loan agreements (see Note
7). </P>
<P align=justify><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepayments and Other Receivables </B></P>
<P align=justify>Prepayments and other receivables as of September 30, 2011 and
December 31, 2011 consisted of the following: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD bgColor=#e6efff align=left>Prepayments for raw materials and others
</TD>
    <TD bgColor=#e6efff  width="1%" align=left>$</TD>
    <TD bgColor=#e6efff width="12%" align=right>&nbsp;1,271,520 </TD>
    <TD bgColor=#e6efff  width="2%" align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" align=left>$</TD>
    <TD bgColor=#e6efff width="12%" align=right>&nbsp;1,709,835 </TD>
    <TD bgColor=#e6efff  width="2%" align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left>Other receivables </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>4,665,485 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>6,315,713 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>Less: Allowance for doubtful
      accounts </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>(694,587</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>(1,263,259</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;5,242,418 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;6,762,289 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE>
<P align=justify><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, Plant and Equipment, net </B></P>
<P align=justify>Property, plant and equipment as of September 30, 2011 and
December 31, 2011 consisted of the following: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD  width="2%" noWrap
align=left>&nbsp;</TD></TR>

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap
align=left>&nbsp;</TD></TR>

  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Buildings </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;127,025,347 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;129,644,128 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Machinery and equipment </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>159,355,671 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>165,826,387 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Office equipment </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>2,519,208 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>2,559,988 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Motor vehicles </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>1,453,456 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>1,458,619 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>290,353,682 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>299,489,122 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Accumulated depreciation </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>(80,673,667</TD>
    <TD  width="2%" noWrap align=left>) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>(86,615,275</TD>
    <TD  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Construction in progress </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>45,305,701 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>41,793,429 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Prepayment for acquisition of property, plant and equipment
    </TD>
    <TD  width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right>1,466,207 </TD>
    <TD  width="2%" align=left>&nbsp;</TD>
    <TD  width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right>1,792,444 </TD>
    <TD  width="2%" align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Assets held for abandonment </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>744,356 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>753,646 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Net book value </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>257,196,279 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>257,213,366 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Impairment charge </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>(13,958,165</TD>
    <TD  width="2%" noWrap align=left>) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>(16,861,447</TD>
    <TD  width="2%" noWrap align=left>) </TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Carried amount </TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;243,238,114 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;240,351,919 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=center>F-14 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_27></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, Plant and Equipment, net (continued) </B></P>
<P align=justify><I>(i)</I><I> </I><I>Depreciation expense for the three months
ended December 31, 2010 and 2011 is included in the condensed interim
consolidated statements of operations and comprehensive loss as follows:
</I></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="27%" colSpan=4 noWrap
    align=center><I>Three months ended December 31,</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2010</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Cost of revenues </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;3,321,155 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;3,708,478 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Research and development expenses </TD>
    <TD  width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right>57,749 </TD>
    <TD  width="2%" align=left>&nbsp;</TD>
    <TD  width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right>140,347 </TD>
    <TD  width="2%" align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Sales and marketing expenses </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>123,983 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>43,765 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>General and administrative expenses </TD>
    <TD  width="1%" align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%"
      align=right>628,642 </TD>
    <TD  width="2%" align=left>&nbsp;</TD>
    <TD  width="1%" align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%"
      align=right>822,382 </TD>
    <TD  width="2%" align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;4,131,529 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;4,714,972 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE>
<P align=justify><I>(ii) Construction in Progress </I></P>
<P align=justify>Construction in progress mainly comprises capital expenditures
for construction of the Company&#146;s new corporate campus, including offices and
factories. </P>
<P align=justify>For the three months ended December 31, 2010 and 2011, the
Company capitalized interest of US$117,079 and US$124,854 respectively to the
cost of construction in progress. </P>
<P align=justify><I>(iii) Pledged Property, Plant and Equipment </I></P>
<P align=justify>As of September 30, 2011 and December 31, 2011, machinery and
equipment with net book value of US$56,376,435 and US$54,341,186 of the Company
were pledged as collateral under certain loan arrangements (see Notes 7 and 8).
</P>
<P align=justify><I>(iv) Assets held for abandonment </I></P>
<P align=justify>Assets held for abandonment as of September 30, 2011 and
December 31, 2011 consisted of the following: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Net book value </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;744,356 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>753,646 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Less: impairment charge </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>(744,356</TD>
    <TD  width="2%" noWrap align=left>) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>(753,646</TD>
    <TD  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Carried amount </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE><BR>
The carried amount as of September 30, 2011 and December 31, 2011 composed
of the machinery and equipment relating to steel-case cell production line and
certain used assets which have been written down to nil.<p><i>(v) Impairment Charge</i></p>
<p>During the course of the Company&#146;s strategic review of its operations. the
Company assessed the recoverability of the carrying value of certain property,
plant and equipment which resulted in impairment losses of approximately US$ 2.7
million for the three months period ended December 31, 2011. No impairment
charged for the three months period ended December 31, 2010.</p>
<P align=center>F-15 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_29></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term Bank Loans </B></P>
<P align=justify>The Company obtained several short-term loan facilities from
financial institutions in the PRC. These facilities were secured by the
Company&#146;s assets with the following carrying values: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=center><I>September 30,</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="11%" noWrap align=center><I>December 31,</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Inventories (Note 4) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>&nbsp;23,495,137 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>&nbsp;23,788,379 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Machinery and equipment, net (Note 6)</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>25,333,574 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>25,949,874 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="11%"
    noWrap align=right>&nbsp;48,828,711 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="11%"
    noWrap align=right>&nbsp;49,738,253 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>As of September 30, 2011 and December 31, 2011, the Company had
several short-term bank loans with aggregate outstanding balances of
US$139,706,153 and US$130,889,802, respectively. The loans were primarily
obtained for general working capital, carried interest rates ranging from 5.10%
to 7.21% per annum, and had maturity dates ranging from 3 to 12 months. Each
loan is guaranteed by Mr. Xiangqian Li, who did not receive any compensation for
acting as guarantor. </P>
<P align=justify>As of December 31, 2011, the Company had pledged the land use
rights certificate in relation to the land on which Shenzhen BAK&#146;s corporate
campus had been constructed for short-term bank loans amounting to US$61,056,838
borrowed from Shenzhen Eastern Branch, Agricultural Bank of China. As of
December 31, 2011, the aggregate net book value of the buildings and land use
rights in relation to the land use rights certificate was US$127,119,640. </P>
<P align=justify><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term Bank Loans </B></P>
<P align=justify>As of September 30, 2011 and December 31, 2011, the Company had
long-term bank loans of US$38,470,278 and US$28,085,734, respectively. As of
December 31, 2011, US$20,156,274 was borrowed under a four-year long-term loan
credit facility from China Development Bank, bearing interest at the benchmark
rate of the People&#146;s Bank of China (&#147;PBOC&#148;) for three-year to five-year
long-term loans, which is currently 5.94% per annum. This long-term bank loan is
repayable on February 28, 2016. </P>
<P align=justify>Two other long-term loans totaled an aggregate borrowed amount
of US$7,929,460 as of December 31, 2011. These loans were borrowed under a
five-year long-term loan credit facility from Shenzhen Eastern Branch,
Agricultural Bank of China, and carry interest at 90% of the benchmark rate of
the PBOC for three-year to five-year long-term loans. The first loan of
US$6,343,568 currently carries interest at 5.184% per annum and is repayable on
January 25, 2012. The second loan of US$1,585,892 currently carries annual
interest of 5.184% and is repayable on January 25, 2012.</P>
<P align=justify>The long-term bank loan with China Development Bank is: (i)
guaranteed by Mr. Xiangqian Li; (ii) secured by certain shares of the Company
owned by Mr. Xiangqian Li; and (iii) is secured by the property ownership and
land use rights certificate relating to the land on which the Company&#146;s Research
and Development Test Centre is to be constructed and the facilities to be
constructed thereon. On April 7, 2010, the pledge of the land use rights
certificate to China Development Bank was approved by the relevant government
bureau. On April 20, 2010, the relevant land use rights certificate was pledged
to China Development Bank. </P>
<P align=center>F-16 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_31></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term Bank Loans (continued) </B></P>
<P align=justify>The long-term bank loan with Shenzhen Eastern Branch,
Agricultural Bank of China is: (i) guaranteed by Mr. Xiangqian Li; (ii) secured
by the Company&#146;s machinery and equipment with carrying values of US$28,391,312
as of December 31, 2011 (see Note 6); and (iii) secured by the property
ownership certificate and land use rights certificate in relation to the land on
which Shenzhen BAK&#146;s corporate campus had been constructed and any machinery and
equipment purchased and used in the campus subsequent to such construction. </P>
<P align=justify>Mr. Xiangqian Li did not receive any compensation for pledging
his shares in the Company or acting as guarantor for the above long-term bank
loans. </P>
<P align=justify>The aggregate maturities of long-term bank loans as of December
31, 2011 are as follows: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>Fiscal years ending on December 31, </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;2012 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;7,929,460 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp;2013 or after </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>20,156,274 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;28,085,734 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Long-term Loan </B></P>
<P align=justify>As of December 31, 2011, the Company obtained interest-free
advances of US$2,487,979 from Tianjin Aifuyi Auto Parts. Co. Ltd.. </P>
<P align=justify><B>10.&nbsp;&nbsp;&nbsp;&nbsp; Deferred Revenue </B></P>
<P align=justify>Deferred revenue represents a government grant of subsidy for
additional cost of land use rights relating to BAK Industrial Park, which is
amortized on a straight-line basis over the estimated useful lives of the
depreciable facilities constructed thereon of 35 years. </P>
<P align=justify><B>11.&nbsp;&nbsp;&nbsp;&nbsp; Other Long-term Payables </B></P>
<P align=justify>Other long-term payables as of December 31, 2011 include a
government subsidy of approximately US$7,888,000 received for the Company&#146;s
automated high-power lithium battery project from the National Development and
Reform Commission and the Ministry of Industry and Information Technology as
well as government subsidy of approximately US$3,261,000 received for the
Company&#146;s various research and development projects. </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation </B></P>
<P align=justify><I>(i)</I><I> </I><I>Options </I></P>
<P align=justify>The Company grants share options to officers and employees and
restricted shares of common stock to its non-employee directors as rewards for
their services. </P>
<P align=justify><B>Stock Option Plan </B></P>
<P align=justify>In May 2005, the Board of Directors adopted the China BAK
Battery, Inc. 2005 Stock Option Plan (the &#147;Plan&#148;). The Plan originally
authorized the issuance of up to 4,000,000 shares of the Company&#146;s common stock,
pursuant to stock options granted under the Plan, or as grants of restricted
stock. The exercise price of options granted pursuant to the Plan must be at
least equal to the fair market value of the Company&#146;s common stock at the date
of the grant. Fair market value is determined at the discretion of the
designated committee on the basis of reported sales prices for the Company&#146;s
common stock over a ten business day period ending on the grant date. The Plan
will terminate on May 16, 2055. On July 28, 2008, the Company&#146;s stockholders
approved certain amendments to the Plan, including an amendment increasing the
total number of shares available for issuance under the Plan to 8,000,000. </P>
<P align=justify>Pursuant to the Plan, the Company granted options to purchase
2,000,000 shares of common stock with an exercise price of US$6.25 per share on
May 16, 2005. In accordance with the vesting provisions of the grants, the
options became vested and exercisable under the following schedule: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="5%" noWrap align=center >&nbsp;</TD>
    <TD width="29%" noWrap align=center>Percentage of </TD>
    <TD  width="5%" noWrap align=center >&nbsp;</TD>
    <TD width="29%" noWrap align=center>Initial </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center>Number of
      Shares </TD>
    <TD  width="5%" noWrap align=center >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="29%" noWrap
      align=center>Options Issued </TD>
    <TD  width="5%" noWrap align=center >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="29%" noWrap
      align=center>Vesting Date </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=center>800,000 </TD>
    <TD bgColor=#e6efff  width="5%" noWrap align=center
    >&nbsp;</TD>
    <TD bgColor=#e6efff width="29%" noWrap align=center>40% </TD>
    <TD bgColor=#e6efff  width="5%" noWrap align=center
    >&nbsp;</TD>
    <TD bgColor=#e6efff width="29%" noWrap align=center>July 1, 2007 </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center>600,000 </TD>
    <TD  width="5%" noWrap align=center >&nbsp;</TD>
    <TD width="29%" noWrap align=center>30% </TD>
    <TD  width="5%" noWrap align=center >&nbsp;</TD>
    <TD width="29%" noWrap align=center>January 1, 2008 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff noWrap
    align=center>600,000 </TD>
    <TD bgColor=#e6efff  width="5%" noWrap align=center
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="29%"
    noWrap align=center>30% </TD>
    <TD bgColor=#e6efff  width="5%" noWrap align=center
    >&nbsp;</TD>
    <TD bgColor=#e6efff width="29%" noWrap align=center>July 1, 2008 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 3px double" noWrap
      align=center>2,000,000 </TD>
    <TD  width="5%" noWrap align=center >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="29%" noWrap
    align=center>100% </TD>
    <TD  width="5%" noWrap align=left >&nbsp;</TD>
    <TD width="29%" noWrap align=left>&nbsp; </TD></TR></TABLE>
<P align=center>F-17 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_33></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation (continued) </B></P>
<P align=justify>Subsequent to the grant date, options to purchase 200,000
shares of common stock were forfeited because the optionees terminated their
employment with the Company. In addition, on September 28, 2006, options to
purchase a total of 1,400,000 shares of common stock were cancelled pursuant to
the Termination and Release Agreements signed on that day. </P>
<P align=justify>Pursuant to the Plan, the Company also granted options to
purchase 1,501,500 shares of the Company&#146;s common stock with a weighted-average
exercise price of US$3.28 per share on June 25, 2007. In accordance with the
vesting provisions of the grants, the options will become vested and exercisable
during the period from December 31, 2007 to February 9, 2012 according to each
employee&#146;s respective agreement. </P>
<P align=justify>A summary of share option plan activity for these options
during the three months ended December 31, 2011 is presented below: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted average </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Number of </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average exercise </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>remaining </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Aggregate intrinsic </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>shares </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>price per share </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>contractual term </TD>
    <TD width="3%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>value (1)</TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Outstanding as of October 1, 2011
</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>605,000 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>&nbsp;3.28 </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Exercised </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Forfeited </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Cancelled </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Outstanding as of December 31, 2011 </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>605,500 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;3.28 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>1.5 years </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Exercisable as of December 31, 2011 </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>605,500 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;3.28 </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>1.0 years </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD width="3%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>(1) Aggregate intrinsic value represents the value of the
Company&#146;s closing stock price on December 31, 2011 (US$0.63) in excess of the
exercise price multiplied by the number of options outstanding or exercisable.
</P>
<P align=justify>The weighted-average grant-date fair value of options granted
during 2007 was US$2.15 per share. The Company recorded non-cash share-based
compensation expense of US$24,884 for the three months ended December 31, 2010,
in respect of share options granted on June 25, 2007, which was allocated to
cost of revenues, sales and marketing expenses, general and administrative
expenses and research and development expenses respectively. No non-cash
share-based compensation expense was recorded for the three months ended
December 31, 2011. </P>
<P align=justify>The fair value of the above option awards granted on June 25,
2007 was estimated on the date of grant using the Black-Scholes Option Valuation
Model that uses the following assumptions: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" height="44">

  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left height="15">Expected volatility </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left height="15">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right height="15">69.44% </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left height="15">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left height="15">Expected dividends </TD>
    <TD  width="1%" noWrap align=left height="15"></TD>
    <TD width="12%" noWrap align=right height="15">Nil </TD>
    <TD  width="2%" noWrap align=left height="15"></TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left height="14">Expected life </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left height="14">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right height="14">4 - 10 years </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left height="14">&nbsp;</TD></TR>
  <tr>
    <TD noWrap align=left>Risk-free interest rate </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>5.09% </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
  </tr>
</TABLE>
<P align=justify>As of December 31, 2011, there were no unrecognized
compensation costs related to non-vested share options. </P>
<P align=center>F-18 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_35></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation (continued) </B></P>
<P align=justify>Pursuant to the Plan, the Company also granted options to
purchase 360,000 shares of common stock with an exercise price of US$4.30 per
share on January 28, 2008. In accordance with the vesting provisions of the
grants, the options will become vested and exercisable during the period from
April 28, 2008 to January 28, 2011 according to each employee&#146;s respective
agreement. </P>
<P align=justify>A summary of share option plan activity for these options
during the three months ended December 31, 2011 is presented below: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted average </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Number of </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average exercise </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>remaining </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Aggregate intrinsic </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>shares </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>price per share </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>contractual term </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>value (1)</TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Outstanding as of
      October 1, 2011 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>360,000 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>&nbsp;4.30 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercised </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Forfeited </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Cancelled </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Outstanding as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>360,000 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;4.30 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>1.1 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercisable as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>360,000 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;4.30 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>1.1 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>(1) Aggregate intrinsic value represents the value of the
Company&#146;s closing stock price on December 31, 2011 (US$0.63) in excess of the
exercise price multiplied by the number of options outstanding or exercisable.
</P>
<P align=justify>The weighted average grant-date fair value of options granted
on January 28, 2008 was US$3.59 per share. The Company recorded non-cash
share-based compensation expense of US$12,057 for the three months ended
December 31, 2010, in respect of share options granted on January 28, 2008,
which was allocated to general and administrative expenses and research and
development expenses respectively. No non-cash share-based compensation expense
was recorded for the three months ended December 31, 2011. </P>
<P align=justify>The fair value of the above option awards granted on January
28, 2008 was estimated on the date of grant using the Black-Scholes Option
Valuation Model that uses the following assumptions. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected volatility </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>120.23% </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Expected dividends </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>Nil </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected life </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>5 years </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Risk-free interest rate </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>3.59% </TD>
    <TD  width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE><BR>
As of December 31, 2011, there were no unrecognized
compensation costs related to non-vested share options.
<P align=center>F-19 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<A name=page_37></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation (continued) </B></P>
<P align=justify>On May 29, 2008, the Compensation Committee of the Company&#146;s
Board of Directors recommended and approved the grant of options to purchase
1,080,000 shares of the Company&#146;s common stock to Mr. Xiangqian Li and options
to purchase 170,000 shares to five other employees, with an exercise price of
US$4.18 per share. In accordance with the vesting provisions of the grants, the
options will become vested and exercisable during the period from September 30,
2008 to May 29, 2012 according to each employee&#146;s respective agreement. </P>
<P align=justify>A summary of share option plan activity for these options
during the three months ended December 31, 2011 is presented below: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>remaining </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Aggregate </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Number of </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>exercise price </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>contractual </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>intrinsic </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>shares </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>per share </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>term </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>value (1)</TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Outstanding as of
      October 1, 2011 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>1,250,000 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>&nbsp;4.18 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercised </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Forfeited </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Cancelled </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Outstanding as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>1,250,000 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;4.18 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>1.9 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercisable as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>980,000 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;4.18 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>0.75 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>(1) Aggregate intrinsic value represents the value of the
Company&#146;s closing stock price on December 31, 2011 (US$0.63) in excess of the
exercise price multiplied by the number of options outstanding or exercisable.
</P>
<P align=justify>The weighted average grant-date fair value of options granted
on May 29, 2008 was US$2.36 per share. The Company recorded non-cash share-based
compensation expense of US$71,456 and US$6,308 for the three months ended
December 31, 2010 and 2011 respectively, in respect of share options granted on
May 29, 2008, which was allocated to general and administrative expenses and
research and development expenses respectively. </P>
<P align=justify>The fair value of the above option awards granted on May 29,
2008 was estimated on the date of grant using the Black-Scholes Option Valuation
Model that uses the following assumptions. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected volatility </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>59.48% </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Expected dividends </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>Nil </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected life </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>5 years </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR>
  <tr>
    <TD noWrap align=left>Risk-free interest rate </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>4.01% </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
  </tr>
</TABLE><BR>
As of December 31, 2011, there were unrecognized compensation
costs of US$10,216 related to the above non-vested share options. These costs
are expected to be recognized over a weighted average period of 0.3 years.
<P align=center>F-20 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_39></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation (continued) </B></P>
<P align=justify>On June 22, 2009, the Compensation Committee of the Company&#146;s
Board of Directors recommended and approved the grant of options to purchase
1,928,200 shares of the Company&#146;s common stock to certain key employees,
officers and consultants with an exercise price of US$2.81 per share. In
accordance with the vesting provisions of the grants, the options will become
vested and exercisable over five years in twenty equal quarterly installments on
the first day of each fiscal quarter beginning on October 1, 2009. </P>
<P align=justify>A summary of share option plan activity for these options
during the three months ended December 31, 2011 is presented below: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>remaining </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Aggregate </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Number of </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>exercise price </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>contractual </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>intrinsic </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>shares </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>per share </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>term </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>value (1)</TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Outstanding as of
      October 1, 2011 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>1,643,355 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>&nbsp;2.81 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercised </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Forfeited </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Cancelled </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Outstanding as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>1,643,355 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;2.81 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>4.4 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercisable as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>673,280 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;2.81 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>4.4 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>(1) Aggregate intrinsic value represents the value of the
Company&#146;s closing stock price on December 31, 2011 (US$0.63) in excess of the
exercise price multiplied by the number of options outstanding or exercisable.
</P>
<P align=justify>The weighted average grant-date fair value of options granted
on June 22, 2009 was US$2.46 per share. The Company recorded non-cash
share-based compensation expense of US$287,740 and  US$159,014 for the three
months ended December 31, 2010 and 2011, respectively, in respect of share
options granted on June 22, 2009, which was allocated to general and
administrative expenses and research and development expenses respectively. </P>
<P align=justify>The fair value of the above option awards granted on June 22,
2009 was estimated on the date of grant using the Black-Scholes Option Valuation
Model that uses the following assumptions. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected volatility </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>111.03% </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Expected dividends </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>Nil </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected life </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>7 years </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>% </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Risk-free interest rate </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>3.69 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE><BR>
As of December 31, 2011, there were unrecognized compensation
costs of US$682,198 related to the above non-vested share options. These costs
are expected to be recognized over a weighted average period of 1.2 years.
<P align=center>F-21 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_41></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation (continued) </B></P>
<P align=justify>On June 26, 2009, the Compensation Committee of the Company&#146;s
Board of Directors recommended and approved the grant of options to purchase
75,000 shares of the Company&#146;s common stock to certain key management with an
exercise price of US$3.24 per share. In accordance with the vesting provisions
of the grants, the options will become vested and exercisable over five years in
twenty equal quarterly installments on the first day of each fiscal quarter
beginning on October 1, 2009. </P>
<P align=justify>A summary of share option plan activity for these options
during the three months ended December 31, 2011 is presented below: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted average </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Number of </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average exercise </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>remaining </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Aggregate intrinsic </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>shares </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>price per share </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>contractual term </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>value (1)</TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%" align=center>&nbsp; </TD>
    <TD  width="3%" align=center>&nbsp;</TD>
    <TD  width="1%" align=center>&nbsp;</TD>
    <TD width="13%" align=center>&nbsp; </TD>
    <TD  width="3%" align=center>&nbsp;</TD>
    <TD  width="1%" align=center>&nbsp;</TD>
    <TD width="13%" align=center>&nbsp; </TD>
    <TD  width="3%" align=center>&nbsp;</TD>
    <TD  width="1%" align=center>&nbsp;</TD>
    <TD width="13%" align=center>&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Outstanding as of
      October 1, 2011 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>75,000 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>&nbsp;3.24 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercised </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Forfeited </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Cancelled </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Outstanding as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>75,000 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;3.24 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>4.4 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercisable as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>26,250 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;3.24 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>4.4 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>(1) Aggregate intrinsic value represents the value of the
Company&#146;s closing stock price on December 31, 2011 (US$0.63) in excess of the
exercise price multiplied by the number of options outstanding or exercisable.
</P>
<P align=justify>The weighted average grant-date fair value of options granted
on June 26, 2009 was US$2.86 per share. The Company recorded non-cash
share-based compensation expense of US$13,814 and US$8,709 for the three months
ended December 31, 2010 and 2011, respectively, in respect of share options
granted on June 26, 2009, which was allocated to research and development
expenses.</P>
<P align=justify>The fair value of the above option awards granted on June 26,
2009 was estimated on the date of grant using the Black-Scholes Option Valuation
Model that uses the following assumptions. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected volatility </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>113.58% </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: medium none #000000; " noWrap align=left>Expected
      dividends </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; "  width="1%" noWrap
    align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; " width="12%" noWrap
      align=right>Nil </TD>
    <TD style="BORDER-BOTTOM: medium none #000000; "  width="2%" noWrap
    align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left style="border-top-style: none; border-top-width: medium">Expected life </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right style="border-top-style: none; border-top-width: medium">7 years </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left style="border-top-style: none; border-top-width: medium">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Risk-free interest rate </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>3.51% </TD>
    <TD  width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE><BR>
As of December 31, 2011, there were unrecognized compensation
costs of US$38,847 related to the above non-vested share options. These costs
are expected to be recognized over a weighted average period of 1.0 years.
<P align=center>F-22 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_43></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation (continued) </B></P>
<P align=justify>On April 8, 2010, the Compensation Committee of the Company&#146;s
Board of Directors recommended and approved the grant of options to purchase
100,000 shares of the Company&#146;s common stock to certain key management with an
exercise price of US$2.43 per share. In accordance with the vesting provisions
of the grants, the options will become vested and exercisable in eight equal
installments beginning on each quarter after September 30, 2011. </P>
<P align=justify>A summary of share option plan activity for these options
during the three months ended December 31, 2011 is presented below: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted average </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Number of </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average exercise </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>remaining </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Aggregate intrinsic </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>shares </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>price per share </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>contractual term </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>value (1)</TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Outstanding as of
      October 1, 2011 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>100,000 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>&nbsp;2.43 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercised </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Forfeited </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Cancelled </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Outstanding as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>100,000 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;2.43 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>5.7 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercisable as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>25,000 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;2.43 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>5.7 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>(1) Aggregate intrinsic value represents the value of the
Company&#146;s closing stock price on December 31, 2011 (US$0.63) in excess of the
exercise price multiplied by the number of options outstanding or exercisable.
</P>
<P align=justify>The weighted average grant-date fair value of options granted
on April 8, 2010 was US$1.41 per share. The Company recorded non-cash
share-based compensation expense of US$16,639 and US$10,516 for the three months
ended December 31, 2010 and 2011 in respect of share options granted on April 8,
2010 which was allocated to research and development expense. </P>
<P align=justify>The fair value of the above option awards granted on April 8,
2010 was estimated on the date of grant using the Black-Scholes Option Valuation
Model that uses the following assumptions. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected volatility </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>51.79% </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Expected dividends </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>Nil </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected life </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>7.5 years </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Risk-free interest rate </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>3.90% </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>As of December 31, 2011, there were unrecognized compensation
costs of US$33,632 related to the above non-vested share options. These costs
are expected to be recognized over a weighted average period of 1.5 years. </P>
<P align=center>F-23 </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">

<!--$$/page=--><A name=page_45></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation (continued) </B></P>
<P align=justify>On May 26, 2011, the Compensation Committee of the Company&#146;s
Board of Directors recommended and approved the grant of options to purchase
160,800 shares of the Company&#146;s common stock to certain key management with an
exercise price of US$1.28 per share. In accordance with the vesting provisions
of the grants, the options will become vested and exercisable in twelve equal
installments beginning on each quarter after September 30, 2011. </P>
<P align=justify>A summary of share option plan activity for these options
during the three months ended December 31, 2011 is presented below: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Weighted average </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Number of </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>average exercise </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>remaining </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="13%" noWrap align=center>Aggregate intrinsic </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>shares </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>price per share </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>contractual term </TD>
    <TD  width="3%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=center>value (1)</TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp; </TD>
    <TD  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Outstanding as of
      October 1, 2011 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>160,800 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>&nbsp;1.28 </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercised </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Forfeited </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="13%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Cancelled </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="13%" noWrap
      align=right>- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="13%" noWrap align=left>&nbsp; </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Outstanding as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>160,800 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;1.28 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>5.3 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="13%">&nbsp; </TD>
    <TD bgColor=#e6efff  width="3%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Exercisable as of December 31, 2011
</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>26,800 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;1.28 </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>5.3 years </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="13%" noWrap
      align=right>&nbsp;- </TD>
    <TD  width="3%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>(1) Aggregate intrinsic value represents the value of the
Company&#146;s closing stock price on December 31, 2011 (US$0.63) in excess of the
exercise price multiplied by the number of options outstanding or exercisable.
</P>
<P align=justify>The weighted average grant-date fair value of options granted
on May 26, 2011 was US$0.65 per share. No non-cash share-based compensation
expense was recorded for the three months ended December 31, 2010. The Company
recorded non-cash share-based compensation expense of US$16,856 for the three
months ended December 31, 2011 in respect of share options granted on May 26,
2011, which was allocated to general and administrative expenses. </P>
<P align=justify>The fair value of the above option awards granted on May 26,
2011 was estimated on the date of grant using the Black-Scholes Option Valuation
Model that uses the following assumptions. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected volatility </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>50.90% </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Expected dividends </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>Nil </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Expected life </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>6.0 years </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Risk-free interest rate </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>3.06% </TD>
    <TD  width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE><BR>
As of December 31, 2011, there were unrecognized compensation costs of US&#36;56,412 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 2.4 years.
<P align="center">
F-24 </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">

<!--$$/page=--><A name=page_47></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>12.&nbsp;&nbsp;&nbsp; Share-based Compensation (continued) </B></P>
<P align=justify><i>&nbsp;(ii) Restricted Shares</i></P>
<P align=justify>Pursuant to the Plan, the Compensation Committee of the
Company&#146;s Board of Directors recommended and approved the grant of 500,000
restricted shares to Chief Executive Officer, Mr. Xiangqian Li with a fair value
of US$2.81 per share on June 22, 2009. In accordance with the vesting schedule
of the grant, the restricted shares will vest in twenty equal quarterly
installments on the first day of each fiscal quarter beginning on October 1,
2009. </P>
<P align=justify>The Company recorded non-cash share-based compensation expense
of US$91,575 and  US$54,074 for the three months ended December 31, 2010 and
2011 respectively in respect of the restricted shares granted on June 22, 2009,
which was allocated to general and administrative expenses. </P>
<P align=justify>As of December 31, 2011, there were unrecognized stock-based
compensation costs of US$236,146 associated with these restricted shares granted
to Mr. Xiangqian Li. These costs are expected to be recognized over a
weighted-average period of 2.0 years. </P>
<P align=justify>As the Company itself is an investment holding company which is not expected to generate operating profits to realize the tax benefits arising from its net operating loss carried forward, no income tax benefits were recognized for such stock-based
compensation cost under the Stock Option Plan for the three months ended December 31, 2010 and 2011. </P>
<P align="center">
F-25 </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">

<!--$$/page=--><A name=page_49></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>13.&nbsp;&nbsp;&nbsp; Net Loss per Share </B></P>
<P align=justify>The calculation of basic net loss per share is based on the net
loss for the three months ended December 31, 2011 attributable to equity
shareholders of $1,819,754 (three months ended December 31, 2010: $3,657,792)
and the weighted average number of shares of common stock of 63,095,246 issued
and outstanding during the three months ended December 31, 2011 (three months
ended December 31, 2010: 62,895,001). </P>
<P align=justify>The effects of 4,586,855 shares of stock options, 507,500
shares of restricted stock and 1,447,500 warrants outstanding during the three
months ended or as of December 31, 2010 were all anti-dilutive and the effects
of 4,143,155 shares of stock options and 300,000 shares of restricted stock
during the three months ended or as of December 31, 2011, also were all
anti-dilutive. As such, basic and diluted net loss per share for the three
months ended December 31, 2010 and 2011 are the same.</P>
<P align=justify><B>14.&nbsp;&nbsp;&nbsp; Fair Value of Financial Instruments </B></P>
<P align=justify>Accounting Standards Codification (&#147;ASC&#148;) Topic 820 requires
the disclosure of the estimated fair value of financial instrument for which
fair value was not elected. Except for other long-term loan disclosed as below,
the carrying amounts of other financial assets and liabilities approximated their
fair value due to short maturities or the applicable interest rates
approximating the
current market value: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD width="4%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 noWrap
      align=center><I>As of September 30, 2011</I> </TD>
    <TD width="4%" noWrap align=center>&nbsp;</TD>
    <TD width="4%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="46%" colSpan=3 noWrap
    align=center><I>As of December 31, 2011</I> </TD></TR>
  <TR vAlign=top>
    <TD width="4%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center>Carrying
      amount </TD>
    <TD width="4%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" noWrap
      align=center>Fair value </TD>
    <TD width="4%" noWrap align=center>&nbsp;</TD>
    <TD width="4%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" noWrap
      align=center>Carrying amount </TD>
    <TD width="4%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" noWrap
      align=center>Fair value </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff width="4%" noWrap align=center>
    <p align="right">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff noWrap
    align=center>&nbsp;2,457,309 </TD>
    <TD bgColor=#e6efff width="4%" noWrap align=center>
    <p align="right">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="21%"
    noWrap align=center>&nbsp;2,230,726 </TD>
    <TD bgColor=#e6efff width="4%" noWrap align=center>&nbsp;</TD>
    <TD bgColor=#e6efff width="4%" noWrap align=center>
    <p align="right">$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="21%"
    noWrap align=center>&nbsp;2,487,979 </TD>
    <TD bgColor=#e6efff width="4%" noWrap align=center>
    <p align="right">$ </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="21%"
    noWrap align=center>2,295,698 </TD></TR></TABLE>
<P align=justify><B>15.&nbsp;&nbsp;&nbsp; Commitments and Contingencies </B></P>
<P align=justify><I>(i) Capital Commitments </I></P>
<P align=justify>As of September 30, 2011 and December 31, 2011, the Company had
the following contracted capital commitments: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>For construction of buildings </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;7,847,376 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;9,330,965 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>For purchases of equipment </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>3,511,966 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>3,089,836 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;11,359,342 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;12,420,801 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify><I>(ii) Land Use Rights and Property Ownership Certificate
</I></P>
<P align=justify>According to the relevant PRC laws and regulations, a land use rights certificate, along with government approvals for land planning, project planning and construction, needs to be obtained before construction of a building is commenced. A property
ownership certificate shall be granted by the government upon application under the condition that the aforementioned certificate and government approvals have been obtained. </P>
<P align="center">
F-26 </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">

<!--$$/page=--><A name=page_51></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>15.&nbsp;&nbsp;&nbsp; Commitments and Contingencies (continued) </B></P>
<P align=justify><I>(ii) Land Use Rights and Property Ownership Certificate
(continued) </I></P>
<P align=justify>Pursuant to the land use rights certificate relating to the
Company&#146;s Tianjin facility, the Tianjin government had requested that the
Company complete the construction of the Tianjin facility before September 30,
2008. As of December 31, 2011, the Company was in the process of negotiating
with the relevant government bureau for the extension of the completion date. If
the Company fails to obtain the approval for the extension of the completion
date from the relevant government bureau, there is a risk that the land use
rights certificate relating to the Company&#146;s Tianjin facility will become
invalid. However, management believes that this possibility, while present, is
remote. </P>
<P align=justify>Pursuant to the land use rights certificate that the Company
obtained relating to the Research and Development Test Centre to be constructed
in Shenzhen, the Company must complete at least 25% of the construction of the
Research and Development Test Centre by September 30, 2008. On November 11, 2008
and May 27, 2009, the Company has signed two supplement agreements with Shenzhen
government to increase the dimensions of the Research and Development Test
Centre. According to the supplement agreements, the Company is required to
complete the construction by May 6, 2011. According to the property ownership
and land use rights certificate, such rights may not be pledged without the
approval of the relevant government office. The Company is required to pledge
its property ownership and land use rights certificate in relation to the
Research and Development Test Centre to China Development Bank according to the
loan agreement entered into with it. On April 7, 2010, the pledge of the land
use rights certificate to China Development Bank was approved by the relevant
government bureau. On April 20, 2010, the relevant land use rights certificate
was pledged to China Development Bank. </P>
<P align=justify>On December 15, 2008, the Company purchased insurance for its
manufacturing facilities at BAK Industrial Park in Shenzhen, China. Under the
insurance policy entered into with Ping An Property &amp; Casualty Insurance
Company of China, Ltd, the insured amount for our manufacturing facilities at
BAK Industrial Park is RMB585,373,070 (approximately $85.8 million) for the
period from November 26, 2008 to August 25, 2010. On August 20, 2010, the
Company purchased the new insurance for its manufacturing facilities at BAK
Industrial Park in Shenzhen, China. Under the new insurance policy entered into
with Ping An Property &amp; Casualty Insurance Company of China, Ltd, the
insured amount for our manufacturing facilities at BAK Industrial Park is
RMB550,000,000 (approximately $82.2 million) for the period from August 26, 2010
to March 26, 2012. </P>
<P align=justify>On July 2, 2010, the Company purchased insurance for its
manufacturing facilities in Tianjin, China. Under the insurance policy entered
into with Ping An Property &amp; Casualty Insurance Company of China, Ltd, the
insured amount for our manufacturing facilities in Tianjin is RMB220,991,420
(approximately  $33.0 million) for the period from July 2, 2010 to July 2,
2011. As of December 31, 2011, under the insurance policy entered into with Ping
An Property &amp; Casualty Insurance Company of China, Ltd, the insured amount
for our manufacturing facilities in Tianjin is RMB329,666,477 (approximately

$51.6 million) for the period from July 2, 2011 to July 2, 2012. </P>
<P align=justify>The Company is not able to insure its new Research and Development Test Centre to be constructed in Shenzhen, China, until it receives the required property ownership and land use rights certificates. Upon receipt of such certificates, the Company
intends to procure such insurance. As discussed above, the Company has obtained the land use rights certificate to the land relating to these facilities. The application for a property ownership certificate is in process with respect to the
Company&#146;s facilities in Shenzhen. </P>
<P align="center">
F-27 </P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">

<!--$$/page=--><A name=page_53></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>15.&nbsp;&nbsp;&nbsp; Commitments and Contingencies (continued) </B></P>
<P align=justify><I>(iii) Guarantees </I></P>
<P align=justify>In order to secure the supplies of certain raw materials and
equipment and upon the request of suppliers, the Company has given guarantees to
certain suppliers which are summarized as follows: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left>Guaranteed for Shenzhen Tongli Hi-tech Co.
      Ltd. - a non-related party </TD>
    <TD bgColor=#e6efff width="1%" align=left>$</TD>
    <TD bgColor=#e6efff width="12%" align=right>&nbsp;2,349,514 </TD>
    <TD bgColor=#e6efff width="2%" align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left>$</TD>
    <TD bgColor=#e6efff width="12%" align=right>&nbsp;2,378,838 </TD>
    <TD bgColor=#e6efff width="2%" align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Guaranteed for Shanghai Global Children Products Co. Ltd. -
      a non-related party </TD>
    <TD width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right>1,566,342 </TD>
    <TD width="2%" align=left>&nbsp;</TD>
    <TD width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right>792,946 </TD>
    <TD width="2%" align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Guaranteed for Tianjin Bike New Energy Research Institute -
      a non- related party </TD>
    <TD width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right>7,831,712 </TD>
    <TD width="2%" align=left>&nbsp;</TD>
    <TD width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right>7,929,460 </TD>
    <TD width="2%" align=left>&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD>
    <TD bgColor=#e6efff width="1%">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%">&nbsp; </TD>
    <TD bgColor=#e6efff width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Guaranteed for Shenzhen Yasu Technology Co. Ltd. - a
      non-related party </TD>
    <TD width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right style="border-bottom-style: solid; border-bottom-width: 1">9,398,055 </TD>
    <TD width="2%" align=left>&nbsp;</TD>
    <TD width="1%" align=left>&nbsp;</TD>
    <TD width="12%" align=right style="border-bottom-style: solid; border-bottom-width: 1">9,515,352 </TD>
    <TD width="2%" align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;21,145,623 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;20,616,596 </TD>
    <TD bgColor=#e6efff width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>Management has assessed the fair value of the obligation
arising from the above financial guarantees and considered it immaterial to the
condensed interim consolidated financial statements. Therefore, no obligations
in respect of the above guarantees were recognized as of December 31, 2011. </P>
<P align=justify><I>(iv) Outstanding Discounted Bills and Transferred
Bills&nbsp; </I></P>
<P align=justify>From time to time, the Company factors bills receivable to
banks and endorses the bank acceptance bills received to its suppliers, vendors
or other parties for settlement of its liabilities to these creditors. At the
time of the factoring and transfer, all rights and privileges of holding the
receivables are transferred to the banks and the creditors. The Company removes
the assets from its books and records a corresponding expense for the amount of
the discount. The Company remains contingently liable on the amount outstanding
in the event the bill issuer defaults. </P>
<P align=justify>The Company&#146;s outstanding discounted and transferred bills as
of September 30, 2011 and December 31, 2011 are summarized as follows: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>September 30,</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><I>December 31,</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Bank acceptance bills </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;2,049,540 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;4,827,214 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE>
<P align=center>F-28 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_54></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>16.&nbsp;&nbsp;&nbsp; Significant Concentrations </B></P>
<P align=justify><I>(a) Customers and Credit Concentrations </I></P>
<P align=justify>The Company had only one customer that individually comprised
10% or more of net revenue for the three months ended December 31, 2010 and 2011
respectively, as follows: </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="49%" colSpan=10 noWrap
    align=center><I>Three months ended December 31</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" noWrap
      align=center><I>2010</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="10%" noWrap align=center>&nbsp; </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" noWrap
      align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff align=left>Jiangsu Huatiantong Technology Co. Ltd. </TD>
    <TD bgColor=#e6efff width="1%" align=left>$</TD>
    <TD bgColor=#e6efff width="10%" align=right>&nbsp;7,036,640 </TD>
    <TD bgColor=#e6efff width="2%" align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" align=center>11% </TD>
    <TD bgColor=#e6efff width="2%" align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left>$</TD>
    <TD bgColor=#e6efff width="10%" align=right>&nbsp;6,596,434 </TD>
    <TD bgColor=#e6efff width="2%" align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" align=center>9% </TD>
    <TD bgColor=#e6efff width="2%" align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Shenzhen Fuheqing Co., Ltd. </TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" noWrap
      align=right>&nbsp;3,097,021 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=center>5% </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" noWrap
      align=right>&nbsp;10,784,288 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=center>15% </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Total </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="10%"
    noWrap align=right>&nbsp;10,133,661 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=center>16% </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="10%"
    noWrap align=right>&nbsp;17,380,722 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=center>24% </TD>
    <TD bgColor=#e6efff width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>As of December 31, 2010 and 2011, approximately 6% and 8% of
gross trade accounts receivable was due from Jiangsu Huatiantong Technology Co.,
Ltd. respectively, and approximately 5% and 6%
of gross trade accounts receivable was due from Shenzhen Fuheqing Co., Ltd.
respectively.</P>
<P align=justify><I>(b) Credit Risk </I></P>
<P align=justify>Financial instruments that potentially subject the Company to a
significant concentration of credit risk consist primarily of cash and cash
equivalents and pledged deposits. As of September 30, 2011 and December 31,
2011, substantially all of the Company&#146;s cash and cash equivalents and pledged
deposits were held by major financial institutions located in the PRC, which
management believes are of high credit quality. </P>
<P align=center>F-29 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_55></A>
<P align=center><B>China BAK Battery, Inc. and subsidiaries <BR></B><B>Notes to
the condensed interim consolidated financial statements <BR>For the three months
ended December 31, 2010 and 2011 (continued) <BR></B>(Unaudited) </P>
<P align=justify><B>17.&nbsp;&nbsp;&nbsp; Segment Information </B></P>
<P align=justify>The Company currently engages in the manufacture,
commercialization and distribution of a wide variety of standard and customized
lithium ion rechargeable batteries for use in a wide array of applications.
During the three months ended December 31, 2011, the Company manufactured five
types of Li-ion rechargeable batteries: aluminum-case cell, battery pack,
cylindrical cell, lithium polymer cell and high-power lithium battery cell. The
Company&#146;s products are sold to packing plants operated by third parties
primarily for use in mobile phones and other electronic devices. Net revenues
for the three months ended December 31, 2010 and 2011 were as follows: </P>
<P align=justify><I>Net revenues by product: </I></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="49%" colSpan=10 noWrap
    align=center><I>Three months ended December 31,</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="23%" colSpan=4 noWrap
    align=center><I>2010</I> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="23%" colSpan=4 noWrap
    align=center><I>2011</I> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=left>&nbsp; </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" noWrap
      align=center>% </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="10%" noWrap align=center>&nbsp; </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" noWrap
      align=center>% </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Aluminum-case cell </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>&nbsp;30,597,741 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>48.16 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>&nbsp;34,250,788 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>47.73 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Battery pack </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>16,898,310 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>26.60 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>20,838,921 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>29.04 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Cylindrical cells </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>10,470,639 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>16.48 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>12,972,890 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>18.08 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Lithium polymer cells </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>3,464,629 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>5.45 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>2,633,669 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>3.67 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>High-power lithium battery cells </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="10%"
    noWrap align=right>2,098,900 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="10%"
    noWrap align=right>3.31 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="10%"
    noWrap align=right>1,058,689 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="10%"
    noWrap align=right>1.48 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="10%" noWrap
      align=right>&nbsp;63,530,219 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="10%" noWrap
      align=right>100.00 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="10%" noWrap
      align=right>&nbsp;71,754,957 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="10%" noWrap
      align=right>100.00 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify><I>Net revenues by geographic area: </I></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="49%" colSpan=10 noWrap
    align=center><I>Three months ended December 31,</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="23%" colSpan=4 noWrap
    align=center><I>2010</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="23%" colSpan=4 noWrap
    align=center><I>2011</I> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>&nbsp;</TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" noWrap
      align=center>&nbsp; %</TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" noWrap
      align=center>% </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD>
    <TD  width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp; </TD>
    <TD  width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>PRC Mainland </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>&nbsp;48,189,095 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>75.86 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>&nbsp;58,773,767 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>81.91 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>PRC Taiwan </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>9,315,786 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>14.66 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>6,521,674 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>9.09 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>India </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>1,889,702 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>2.98 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>2,534,635 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="10%" noWrap align=right>3.53 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Hong Kong, China </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>2,791,600 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>4.39 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>2,410,783 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="10%" noWrap align=right>3.36 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Others </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="10%"
    noWrap align=right>1,344,036 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="10%"
    noWrap align=right>2.11 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="10%"
    noWrap align=right>1,514,098 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="10%"
    noWrap align=right>2.11 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="10%" noWrap
      align=right>&nbsp;63,530,219 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="10%" noWrap
      align=right>100.00 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="10%" noWrap
      align=right>&nbsp;71,754,957 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="10%" noWrap
      align=right>100.00 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>Substantially all of the Company&#146;s long-lived assets are
located in the PRC. </P>
<P align=justify><B>18.&nbsp;&nbsp;&nbsp; Subsequent Events </B> </P>
<P align=justify>The Company has evaluated all subsequent events through the
date these consolidated financial statements were issued, and determined that
there were no subsequent events or transactions that require recognition or
disclosures in the consolidated financial statements. </P>
<P align=center>F-30 </P>
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width="100%" noShade>
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<P align=justify><B>ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS. </B></P>
<P align=justify><I>The following management&#146;s discussion and analysis should be
read in conjunction with our financial statements and the notes thereto and the
other financial information appearing elsewhere in this report. Our financial
statements are prepared in U.S. dollars and in accordance with U.S. GAAP.
</I></P>
<P align=justify><B>Special Note Regarding Forward Looking Statements</B> </P>
<P align=justify>In addition to historical information, this report contains
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. We use words such as &#147;believe,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;project,&#148;
&#147;target,&#148; &#147;plan,&#148; &#147;optimistic,&#148; &#147;intend,&#148; &#147;aim,&#148; &#147;will&#148; or similar expressions
which are intended to identify forward-looking statements. Such statements
include, among others, those concerning market and industry segment growth and
demand and acceptance of new and existing products; any projections of sales,
earnings, revenue, margins or other financial items; any statements of the
plans, strategies and objectives of management for future operations; any
statements regarding future economic conditions or performance; as well as all
assumptions, expectations, predictions, intentions or beliefs about future
events. You are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, including
those identified in Item 1A, &#147;Risk Factors&#148; described in our Annual Report on
Form 10-K for the fiscal year ended September 30, 2011, as well as assumptions,
which, if they were to ever materialize or prove incorrect, could cause the
results of the Company to differ materially from those expressed or implied by
such forward-looking statements.</P>
<P align=justify>Readers are urged to carefully review and consider the various
disclosures made by us in this report and our other filings with the SEC. These
reports attempt to advise interested parties of the risks and factors that may
affect our business, financial condition and results of operations and
prospects. The forward-looking statements made in this report speak only as of
the date hereof and we disclaim any obligation, except as required by law, to
provide updates, revisions or amendments to any forward-looking statements to
reflect changes in our expectations or future events </P>
<P align=justify><B>Use of Terms</B> </P>
<P align=justify>Except as otherwise indicated by the context and for the
purposes of this report only, references in this report to:</P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-bottom: 12">&#147;Company,&#148; &#147;we,&#148; &#147;us&#148; and &#147;our&#148; are to the combined business of China BAK
  Battery, Inc., a Nevada corporation, and its consolidated subsidiaries;
  <LI>
  <p style="margin-bottom: 12">&#147;BAK International&#148; are to our Hong Kong subsidiary, BAK International
  Limited;
  <LI>
  <p style="margin-bottom: 12">&#147;BAK Europe&#148; are to our German subsidiary, BAK Europe GmbH;
  <LI>
  <p style="margin-bottom: 12">&#147;BAK Canada&#148; are to our Canadian subsidiary, BAK Battery Canada Ltd.;
  <LI>
  <p style="margin-bottom: 12">&#147;BAK India&#148; are to our Indian subsidiary, BAK Telecom India Private
  Limited;
  <LI>
  <p style="margin-bottom: 12">&#147;Shenzhen BAK&#148; are to our PRC subsidiary, Shenzhen BAK Battery Co., Ltd.;
  <LI>
  <p style="margin-bottom: 12">&#147;BAK Tianjin&#148; are to our PRC subsidiary, BAK International (Tianjin) Ltd.;

  <LI>
  <p style="margin-bottom: 12">&#147;BAK Electronics&#148; are to our PRC subsidiary, BAK Electronics (Shenzhen)
  Co., Ltd.;
  <LI>
  <p style="margin-bottom: 12">&#147;Tianjin Meicai&#148; are to our PRC subsidiary, Tianjin Meicai New Material
  Technology Co., Ltd.;
  <LI>
  <p style="margin-bottom: 12">&#147;China&#148; and &#147;PRC&#148; are to People&#146;s Republic of China;
  <LI>
  <p style="margin-bottom: 12">&#147;RMB&#148; are to Renminbi, the legal currency of China;
  <LI>
  <p style="margin-bottom: 12">&#147;U.S. dollar,&#148; &#147;$&#148; and &#147;US$&#148; are to the legal currency of the United
  States;
  <LI>
  <p style="margin-bottom: 12">&#147;SEC&#148; are to the United States Securities and Exchange Commission;
  <LI>
  <p style="margin-bottom: 12">&#147;Securities Act&#148; are to the Securities Act of 1933, as amended; and
  <LI>&#147;Exchange Act&#148; are to the Securities Exchange Act of 1934, as amended.
  </LI></UL>
<P align=center>1</P>
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width="100%" noShade>
<!--$$/page=--><A name=page_58></A>
<P align=justify><B>Overview</B></P>
<P align=justify>We are a leading global manufacturer of lithium-based battery
cells. We produce battery cells for original equipment manufacturer, or OEM,
customers and replacement battery manufacturers that are the principal component
of rechargeable batteries commonly used to power the following applications:</P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-bottom: 12">cellular phones and smartphones;
  <LI>
  <p style="margin-bottom: 12">notebook computers, tablet computers and e-book readers;
  <LI>
  <p style="margin-bottom: 12">portable consumer electronics, such as digital cameras, portable media
  players, portable gaming devices, personal digital assistants, or PDAs,
  camcorders, digital cameras, and Bluetooth headsets; and
  <LI>electric bicycles and other light electric vehicles, hybrid electric
  vehicles, and other electric vehicles; cordless power tools; and
  uninterruptible power supplies, or UPS. </LI></UL>
<P align=justify>We conduct all of our operations in China, in close proximity
to China&#146;s electronics manufacturing base and its rapidly growing market.
Historically, we have primarily manufactured prismatic lithium-ion cells for the
cellular phone replacement battery market and the OEM market. Our products are
packed into batteries by third-party battery pack manufacturers in accordance
with the specifications of manufacturers of portable electronic applications. At
the request of our customers that order prismatic battery packs, we assemble our
prismatic cells into battery packs at our Shenzhen facility or engage battery
pack manufacturers to assemble our cells into batteries for a fee, and then sell
battery packs to these customers both for the replacement and OEM markets.</P>
<P align=justify>During the fiscal quarter ended December 31, 2011, we continued
to explore and capitalize on opportunities to generate additional sources of
revenue through new product offerings. Development continued on new cylindrical
battery cell products for use in notebook computers to increase market share and
improve gross margin. We persisted in seeking an increase in market share for
our prismatic battery cells for the tier 1 OEM markets in China and overseas. To
that end, projects with domestic tier 1 OEM customers were carried out smoothly
during the quarter. We also continued to focus on making substantial
improvements to our polymer battery production lines as polymer is the most
in-demand lithium-ion product in the ultra-thin smartphone and tablet computers
markets. In addition, we acquired new customers for our high-power lithium
battery cells while maintaining existing customers for electric bicycles and
other electric vehicles in China </P>
<P align=justify>In addition, we continued to pursue opportunities to reduce
costs of revenue and improve gross margin. We continued to expand our products&#146;
use in high-end markets in order to increase our sales prices, and reduce
manufacturing costs and purchase costs of raw materials.</P>
<P align=justify>In the near-term, we anticipate continuing operating challenges
due to a number of trends facing our business, including the increasing
competition from foreign and domestic battery cell manufacturers in China and
the weak global economy. These challenges may impede our primary strategy to
increase our revenues and gross margin through product diversification and
manufacturing efficiencies. In response, we will continue to take cost-cutting
actions and make prudent sales plans. </P>
<P align=justify>To help us finance and expand our operations, we had access to
$230.7 million in short-term credit facilities and $23.8 million in long-term
credit facilities as of December 31, 2011. As of December 31, 2011, the
principal outstanding amounts included short-term bank loans of $130.9 million
under credit facilities, long-term bank loans of $7.9 million maturing within
one year and long-term bank loans of $20.2 million maturing in over one year,
and bills payable of $64.6 million under credit facilities, leaving $45.6
million of short-term funds available under our credit facilities for additional
cash needs.</P>
<P align=justify>We had a working capital deficiency, accumulated deficit from
recurring net losses incurred for the current and prior periods as at December
31, 2011 and significant short-term debt obligations maturing in less than one
year. These factors raise substantial doubts about our ability to continue as a
going concern. Accordingly, we have continued to develop a strategic plan to
continue to generate a positive cash flow from operating activities for the
fiscal years ending September 30, 2012 and 2013. Under this plan, we will
continue to increase our presence in the OEM market both domestically and
internationally with more aggressive marketing strategies to expand and secure
our market base. We will also continue to implement reductions of both
manufacturing costs and operating expenses to improve profit margins as well as
reduce receivable turnover days through stronger credit controls. </P>
<P align=center>2</P>
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<P align=justify><B>First Quarter Financial Performance Highlights</B></P>
<P align=justify>The following are some financial highlights for the first
quarter of our fiscal year ended September 30, 2012:</P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-bottom: 12"><B><I>Net revenues</I></B>: Net revenues increased by $8.2 million, or
  12.9%, to $71.8 million for the three months ended December 31, 2011, from
  $63.5 million for the same period in 2010.
  <LI>
  <p style="margin-bottom: 12"><B><I>Gross profit</I></B>: Gross profit increased by $4.0 million,
  or 40.4%, to $14.0 million for the three months ended December 31, 2011, from
  $10.0 million for the same period in 2010.
  <LI>
  <p style="margin-bottom: 12"><B><I>Operating income(loss)</I></B>: Operating income was $2.3 million for the
  three months ended December 31, 2011, from operating loss of $1.8 million for
  the same period in 2010.
  <LI>
  <p style="margin-bottom: 12"><B><I>Net loss</I></B>: Net loss was $1.8 million for the three months
  ended December 31, 2011, a decrease of $1.8 million, or 50.2%, from $3.7
  million for the same period in 2010.
  <LI><B><I>Fully diluted net loss per share</I></B>: Fully diluted net loss per
  share was $0.03 for the three months ended December 31, 2011, as compared to
  $0.06 for the same period in 2010. </LI></UL>
<P align=justify><B>Financial Statement Presentation </B></P>
<P align=justify><B><I>Net revenues</I></B>. Our net revenues represent the
invoiced value of our products sold, net of value added taxes, or VAT, sales
returns, trade discounts and allowances. We are subject to VAT, which is levied
on most of our products at the rate of 17% on the invoiced value of our
products. Provision for sales returns are recorded as a reduction of revenue in
the same period that revenue is recognized. The provision for sales returns
represents our best estimate of the amount of goods that will be returned from
our customers based on historical sales returns data.</P>
<P align=justify><B><I>Cost of revenues</I></B>. Cost of revenues consists
primarily of material costs, employee remuneration for staff engaged in
production activity, share-based compensation, depreciation and related expenses
that are directly attributable to the production of products. Cost of revenues
also includes write-downs of inventory to lower of cost or market. Cost of
revenues from the sales of battery packs includes the fees we pay to pack
manufacturers for assembling our prismatic cells into battery packs.</P>
<P align=justify><B><I>Research and development expenses</I></B>. Research and
development expenses primarily consist of remuneration for R&amp;D staff,
share-based compensation, depreciation and maintenance expenses relating to
R&amp;D equipment, and R&amp;D material costs.</P>
<P align=justify><B><I>Sales and marketing expenses</I></B>. Sales and marketing
expenses consist primarily of remuneration for staff involved in selling and
marketing efforts, including staff engaged in the packaging of goods for
shipment, advertising cost, depreciation, share-based compensation and travel
and entertainment expenses. We do not pay slotting fees to retail companies for
displaying our products, engage in cooperative advertising programs, participate
in buy-down programs or similar arrangements. No material estimates are required
by management to determine our actual marketing or advertising costs for any
period.</P>
<P align=justify><B><I>General and administrative expenses</I></B>. General and
administrative expenses consist primarily of employee remuneration, share-based
compensation, professional fees, insurance, benefits, general office expenses,
depreciation, liquidated damage charge and bad debt expenses.</P>
<P align=justify><B><I>Property, plant and equipment impairment
charges</I></B>.<I> </I>Impairment charges consist primarily of impairment
losses for long-lived assets. These losses reflect the amounts by which the
carrying values of these assets exceed their estimated fair value as determined
by their estimated future discounted cash flows. </P>
<P align=justify><B><I>Government grant income</I></B>. Government grant income
for the three months ended December 31, 2011 mainly consisted of receipt of
grants to fund certain lithium battery research projects and to subsidize the
payment for land use rights of BAK Industrial Park. No present or future
obligation arises from the receipt of such amount.</P>
<P align=justify><B><I>Finance costs, net</I></B>. Finance costs consist
primarily of interest income, interest on bank loans, net of capitalized
interest, and bank charges.</P>
<P align=justify><B><I>Income taxes</I></B>. On March 16, 2007, the National
People&#146;s Congress of China passed a new enterprise income tax law, or the EIT
Law, and on November 28, 2007, the State Council of China passed its
implementing rules, both of which took effect on January 1, 2008. The EIT Law
unifies the application scope, tax rate, tax deduction and preferential policy
for both domestic enterprises and foreign invested enterprises, or FIEs.
The EIT Law gives existing FIEs a five-year grandfather period during which they
can continue to enjoy their existing preferential tax treatments. </P>
<P align=center>3</P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
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<P align=justify>Shenzhen BAK and BAK Electronics are both recognized as
&#147;Manufacturing Enterprise Located in Special Economic Zone.&#148; As a result, they
have been entitled to certain preferential tax rates. Shenzhen BAK&#146;s income tax
rates after consideration of its tax concessions are 15% for both calendar years
2010 and 2011 and starting in calendar year 2012, it is expected to be subject
to an income tax rate of 25%. BAK Electronics&#146; income tax rates are now 11% and
24% for calendar years 2010 and 2011, respectively, and starting in calendar
year 2012, it is expected to be subject to an income tax rate of 25%. BAK
Electronics did not incur any enterprise income tax for the calendar year 2011
due to the current tax losses carried forward from calendar year 2009 and 2010.
BAK Tianjin is currently paying no enterprise income tax due to cumulative tax
losses.</P>
<P align=justify>Our Canadian, German, Indian, and Hong Kong subsidiaries&#151;BAK
Canada, BAK Europe, BAK India, and BAK International&#151;are subject to profits
taxes in their respective countries at rates of 38%, 25%, 30%, and 16.5%,
respectively. However, because they do not have any assessable income derived
from or arising in those countries, they have not paid any such tax.</P>
<P align=justify>Our effective tax expense rate was 718.4% for the three months
ended December 31, 2011, and our effective tax benefit rate was 3.5% for the
three months ended December 31, 2010. Dramatic increase was come from allowance
of deferred tax provision made in prior years.</P>
<P align=justify>Pursuant to the Provisional Regulation of China on Value Added
Tax and its implementing rules, all entities and individuals that are engaged in
the sale of goods, the provision of repairs and replacement services and the
importation of goods in China are generally required to pay VAT at a rate of
17.0% of the gross sales proceeds received, less any deductible VAT already paid
or borne by the taxpayer. Further, when exporting goods, the exporter is
entitled to some or all of the refund of VAT that it has already paid or borne.
Our imported raw materials that are used for manufacturing export products and
are deposited in bonded warehouses are exempt from import VAT.</P>
<P align=justify><B>Results of Operations </B></P>
<P align=justify>The following tables set forth key components of our results of
operations for the periods indicated, both in dollars and as a percentage of net
revenues.</P>
<P align=justify>(All amounts, other than percentages, in thousands of U.S.
dollars) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="25%" colSpan=4 noWrap align=center><B>Three Months Ended</B>
</TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="11%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="11%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="25%" colSpan=4 noWrap
    align=center><B>December 31,</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="11%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="11%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=center><B>2011</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=center><B>2010</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center><B></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=center><B>&nbsp;$ Change</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=center><B>% Change</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Net revenues </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>&nbsp;71,755 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>&nbsp;63,530 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>&nbsp;8,225 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>12.9 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Cost of revenues </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>57,724 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>53,534 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>4,190 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>7.8 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Gross profit </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="11%"
    noWrap align=right>14,031 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="11%"
    noWrap align=right>9,996 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="11%"
    noWrap align=right>4,035 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="11%"
    noWrap align=right>40.4 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Operating expenses: </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >&nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp;Research and development expenses </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>1,244 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>1,645 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>(401</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>(24.4</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Sales and marketing expenses </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>1,958 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>2,273 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>(315</TD>
    <TD  width="2%" noWrap align=left>) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>(13.9</TD>
    <TD  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >&nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp;General and administrative expenses </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>5,789 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>7,879 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>(2,090</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>(26.5</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Impairment charge </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>2,708 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>- </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>2,708 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>100 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Total operating
      expenses </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="11%"
    noWrap align=right>11,699 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="11%"
    noWrap align=right>11,797 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="11%"
    noWrap align=right>(97</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="11%"
    noWrap align=right>(0.8</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Operating income / (loss) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>2,332 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>(1,801</TD>
    <TD  width="2%" noWrap align=left>) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>4,133 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>(229.5</TD>
    <TD  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Finance costs, net </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>2,882 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>2,840 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>42 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>1.5 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Government grant income </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>825 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>607 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>218 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="11%" noWrap align=right>35.9 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Other income </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>19 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>241 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>(212</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="11%" noWrap align=right>(87.9</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Income tax (expenses) / benefits </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>(2,114</TD>
    <TD  width="2%" noWrap align=left>) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>134 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>(2,248</TD>
    <TD  width="2%" noWrap align=left>) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap
      align=right>(1677.6</TD>
    <TD  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left >Net loss </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="11%"
    noWrap align=right>&nbsp;(1,820</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="11%"
    noWrap align=right>&nbsp;(3,659</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="11%"
    noWrap align=right>&nbsp;1,839 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="11%"
    noWrap align=right>(50.2</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>)
  </TD></TR></TABLE>
<P align=justify><B><I>Net revenues</I></B>. Net revenues were $71.8 million for
the three months ended December 31, 2011, as compared to $63.5 million for the
same period in 2010, an increase of $8.2 million, or 12.9% .</P>
<P align=justify>The following table sets forth the breakdown of our net
revenues by battery cell type.</P>
<P align=center>4</P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_61></A>
<P align=center>(All amounts in thousands of U.S. dollars) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="27%" colSpan=4 noWrap
    align=center><B>Three Months Ended December 31,</B> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><B>2011</B> </TD>
    <TD width="2%" noWrap align=center>&nbsp;</TD>
    <TD width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><B>2010</B> </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Prismatic cells </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left>&nbsp; </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Aluminum-case
      cells </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>34,251 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>30,597 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp;Battery packs </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>20,839 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>16,898 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Cylindrical cells </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>12,973 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>10,470 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Lithium polymer cells </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>2,634 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>3,465 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>High-power lithium battery cells </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>1,058 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>2,100 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left><B>Total</B> </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;71,755 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>63,530 </TD>
    <TD bgColor=#e6efff width="2%" noWrap
align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>Net revenues from sales of aluminum-case cells increased to
$34.3 million in the three months ended December 31, 2011, from $30.6 million in
the same period in 2010, an increase of $3.7 million, or 11.9%, resulting from
sales volume increase of 9.5% driven by an increase in sales to the domestic
(PRC) OEM market and an increase of 12.5% in our average selling price.</P>
<P align=justify>Net revenues from sales of battery packs increased to $20.8
million in the three months ended December 31, 2011, from $16.9 million in the
same period in 2010, an increase of $3.9 million, or 23.3% . This resulted from
an increase in sales volume of 29.6% from increased export and domestic market
sales to new customers as some of our smaller competitors left the market, and a
41.5% increase in average selling price.</P>
<P align=justify>Net revenues from sales of cylindrical cells increased to $13.0
million in the three months ended December 31, 2011, from $10.5 million in the
same period in 2010, an increase of $2.5 million, or 23.9% . This resulted from
an increase in sales volume of 22.3% due to increased export and domestic sales
to new customers as some of our smaller competitors left the market.</P>
<P align=justify>We sold $2.6 million in lithium polymer cells for the three
months ended December 31, 2011, compared to $3.5 million in lithium polymer
cells in the same period in 2010, a decrease of $831,000, or 24.0%, resulting
from a decrease of 28.3% in sales volume , offset by an increase of 5.4% in our
average selling price.</P>
<P align=justify>We also sold approximately $1.1 million in high-power lithium
battery cells for the three months ended December 31, 2011, as compared to $2.1
million in high-power lithium battery cells in the same period in 2010.</P>
<P align=justify><B><I>Cost of revenues</I></B>. Cost of revenues increased to
$57.7 million for the three months ended December 31, 2011, as compared to $53.5
million for the same period in 2010, an increase of $4.2 million, or 7.8% . The
increase in cost of revenues was due to an increase in cylindrical cells sales
volume over the three months ended December 31, 2011.</P>
<P align=justify><B><I>Gross profit</I></B>. Gross profit for the three months
ended December 31, 2011 was $14.0 million, or 19.6% of net revenues, as compared
to gross profit of $10.0 million, or 15.7% of net revenues, for the same period
in 2010. Our increase in gross profit as a percentage of net revenues was
largely due to an increase in average selling prices of the Company&#146;s
cylindrical batteries, which significantly increased the gross margin of the
Company&#146;s cylindrical battery products. The Company also benefited from an
increase in gross profit from sales its prismatic battery products as a result
of additional direct sales of battery packs to OEM cell phone manufacturers
driven by strong customer demand.</P>
<P align=justify><B><I>Research and development expenses</I></B>. Research and
development expenses decreased to $1.2 million for the three months ended
December 31, 2011, as compared to $1.6 million for the same period in 2010, a
decrease of $401,000, or 24.4% . This decrease was mainly due to a decrease in
research funds by approximately $315,000 as a result of a decrease in R&amp;D
projects. </P>
<P align=justify><B><I>Sales and marketing expenses</I></B>. Sales and marketing
expenses decreased to $2.0 million for the three months ended December 31, 2011,
as compared to $2.3 million for the same period in 2010, a decrease of $315,000,
or 13.9%, primarily due to decreased packing and transportation expenses of
$94,000, depreciation of $80,000 and repair and maintenance expenses of $56,000,
resulting from improved cost control under our strategic plan. As a percentage
of revenues, sales and marketing expenses have decreased to 2.7% for the three
months ended December 31, 2011, from 3.6% for the same period in 2010, primarily
due to the increase in revenues from the sales over the three months ended
December 31, 2011.</P>
<P align=justify><B><I>General and administrative expenses</I></B>. General and
administrative expenses decreased to $5.8 million, or 8.1% of revenues, for the
three months ended December 31, 2011 as compared to $7.9 million, or 12.4% of
revenues, for the same period in 2010, a decrease of $2.1 million, or 26.5% .
The primary reason for the decrease was that provision for bad debt expenses decreased by $2.0 million over the three months ended December
31, 2011, compared to the three months ended December 31, 2010.</P>
<P align=center>5</P>
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width="100%" noShade>
<!--$$/page=--><A name=page_62></A>
<P align=justify><B><I>Property, plant and equipment impairment charge</I></B>.
Property, plant and equipment impairment charge increased to $2.7 million for
the three months ended December 31, 2011. No impairment charge was recorded for
the three months ended December 31, 2010. During the course of our strategic
review of our operations for the three months ended December 31, 2011, we
assessed the recoverability of the carrying value of certain property, plant and
equipment which resulted in impairment losses of $2.7 million, from an
assessment that the total net book value of assets grouped together was higher
than its undiscounted cash flows from the identified cash-generating unit.</P>
<P align=justify><B><I>Operating income (loss)</I></B>. As a result of the
above, operating income totaled $2.3 million for the three months ended December
31, 2011, as compared to an operating loss of $1.8 million for the same period
in 2010. As a percentage of net revenues, operating income was 3.3% for the
three months ended December 31, 2011, as compared to the loss of 2.8% for the
same period in 2010.</P>
<P align=justify><B><I>Finance costs, net</I></B>. Finance costs, net, increased
to $2.9 million for the three months ended December 31, 2011, as compared to
$2.8 million for the same period in 2010, an increase of $42,000, or 1.5% . The
slight increase in net finance costs is mainly attributable to an increase in
the average bank loan interest rates on both our short-term and long-term bank
loans and in discounts charged for bills receivable recognized over the three
months ended December 31, 2011.</P>
<P align=justify><B><I>Government grant income</I></B>. Government grant income
was $825,000 for the three months ended December 31, 2011, as compared to
$607,000 for the same period in 2010. Government grant income for the three
months ended December 31, 2011 mainly consisted of government grant funds as
follows: $757,000 to fund certain lithium battery research projects and $68,000
represented amortization of government subsidies received in relation to the
additional cost of the land use rights of BAK Industrial Park. No present or
future obligation arose from the receipt of such government subsidies. </P>
<P align=justify><B><I>Income tax (expense) / benefit</I></B>. Income tax
expense was $2.1 million for the three months ended December 31, 2011, as
compared to income tax benefit of $134,000 for the same period in 2010. The
change was the result of an increase of the allowance for deferred tax assets
that may not be realized during the three months ended December 31, 2011. </P>
<P align=justify><B><I>Net loss</I></B>.<B><I> </I></B>As a cumulative result of
the foregoing, we had a net loss of $1.8 million for the three months ended
December 31, 2011, compared to $3.7 million for the three months ended December
31, 2010.</P>
<P align=justify><B>Liquidity and Capital Resources </B></P>
<P align=justify>We have historically financed our liquidity requirements from a
variety of sources, including short-term bank loans, long-term bank loans and
bills payable under bank credit agreements, sale of bills receivable and
issuance of capital stock. As of December 31, 2011, we had cash and cash
equivalents of $5.9 million. In addition, we had pledged deposits amounting to
$5.0 million. Typically, banks will require borrowers to maintain deposits of
approximately 10% to 100% of the outstanding loan balances and bills payable.
The individual bank loans have maturities ranging from three to twelve months
which coincides with the periods the cash remains pledged to the banks. As of
December 31, 2011, we had access to $230.7 million in short-term credit
facilities and $23.8 million in long-term credit facilities.</P>
<P align=justify>As of December 31, 2011, the principal outstanding amounts
included short-term bank loans of $130.9 million under credit facilities,
long-term bank loans of $7.9 million maturing within one year and long-term bank
loans of $20.2 million maturing in over one year, and bills payable of $64.6
million under credit facilities, leaving $45.6 million of short-term funds
available under our credit facilities for additional cash needs.</P>
<P align=justify>The following table sets forth a summary of our cash flows for
the periods indicated:</P>
<P align=center><B>Cash Flows<BR></B>(All amounts in thousands of U.S. dollars)
</P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="27%" colSpan=4 noWrap
    align=center><B>Three Months Ended December 31,</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><B>2011</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><B>2010</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Net cash provided by operating
      activities </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;5,646 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;18,386 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Net cash used in investing activities </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>(4,241</TD>
    <TD  width="2%" noWrap align=left>) </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>(5,968</TD>
    <TD  width="2%" noWrap align=left>) </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Net cash used in financing
      activities </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>(20,449</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>(10,763</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>)
  </TD></TR>
  <tr>
    <TD noWrap align=left>Effect of exchange rate changes on cash and cash
      equivalents </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>61 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>283 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
  </tr>
  <tr>
    <TD bgColor=#e6efff noWrap align=left>Net (decrease) / increase in cash
      and cash equivalents </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>(18,983</TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>) </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>1,938 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
  </tr>
  <tr>
    <TD noWrap align=left>Cash and cash equivalents at beginning of the period
    </TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>24,858 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
    <TD width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>22,589 </TD>
    <TD width="2%" noWrap align=left>&nbsp;</TD>
  </tr>
  <tr>
    <TD bgColor=#e6efff noWrap align=left>Cash and cash equivalents at end of
      the period </TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;5,875 </TD>
    <TD bgColor=#e6efff width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;24,527 </TD>
    <TD bgColor=#e6efff width="2%" noWrap
align=left>&nbsp;</TD>
  </tr>
</TABLE>
<P align=center>6</P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_63></A><BR>
<P align=justify><B><I>Operating Activities </I></B></P>
<P align=justify>Net cash provided by operating activities was $5.6 million in
the three months ended December 31, 2011, as compared with $18.4 million in net
cash provided by operating activities in the same period in 2010. The decrease
of $12.7 million in net cash provided by operating activities was mainly
attributable to the settlement of overdue accounts payables to our
suppliers.</P>
<P align=justify><B><I>Investing Activities </I></B></P>
<P align=justify>Net cash used in investing activities decreased to $4.2 million
in the three months ended December 31, 2011 from $6.0 million in the same period
in 2010. The net cash used in investing activities for the three months ended
December 31, 2011, was mainly used for the procurement of machinery and
equipment for our high-power lithium battery cell line and construction of our
Research and Development Test Centre in Shenzhen.</P>
<P align=justify><B><I>Financing Activities </I></B></P>
<P align=justify>Net cash used in financing activities increased to $20.4
million in the three months ended December 31, 2011 from $10.8 million in the
same period in 2010. This was mainly attributable to a $7.6 million decrease in
cash deposits at banks as collateral and an increase in borrowings, net of
repayments, of $17.3 million.</P>
<P align=justify>As of December 31, 2011, the principal amounts outstanding
under our credit facilities and lines of credit were as follows:<B> </B></P>
<P align=center>(All amounts in thousands of U.S. dollars) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><B>Amount</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><B>Borrowed</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><B>Maximum</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><B>(includes bank</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=center><B>Amount</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="12%" noWrap align=center><B>loans and bills</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><B>Available</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><B>payable)</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left><B>Short-term credit facilities:</B>
    </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;</TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Agricultural Bank of China </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>63,436 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>61,057 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Shenzhen Development Bank </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>31,718 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>23,788 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>China CITIC Bank </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>16,652 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>6,344 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Bank of China </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>71,365 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>67,509 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>China Everbright Bank </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>19,031 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=right>13,956 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Bank of Communications </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>7,929 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>301 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Tianjin Branch, Bank of Dalian </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>12,687 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>7,929 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Subtotal&#151;Short-term credit
      facilities </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;222,818 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;180,884 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>Long-term credit facilities:</B> </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>China Development Bank </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>23,788 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>20,156 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Agricultural Bank of China </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>7,929 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>7,929 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Subtotal&#151;Long-term credit facilities
    </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;31,717 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;28,085 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>Additional Lines of Credit:</B> </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="12%" noWrap align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Shenzhen Branch, Bank of China </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=left style="border-bottom-style: none; border-bottom-width: medium">&nbsp; </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>13,477 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left style="border-right-style: none; border-right-width: medium">Tianjin
    Branch, Bank of Dalian </TD>
    <TD  width="1%" noWrap align=left style="border-style: none; border-width: medium">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%" noWrap
      align=left>&nbsp; </TD>
    <TD  width="2%" noWrap align=left style="border-left-style: none; border-left-width: medium">&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>1,157 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Subtotal&#151;Lines of credit </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;</TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;14,634 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Total </TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;254,535 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" width="12%" noWrap
      align=right>&nbsp;223,603 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>The above principal outstanding amounts under credit facilities
and lines of credit included short-term bank loans of $130.9 million, long-term
bank loans of $7.9 million maturing within one year and long-term bank loans of
$20.2 million maturing in over one year, and bills payable of $64.6 million. For
the purpose of presentation, the effect of increases in bills payable balances
is included in operating activities in the statements of cash flows.</P>
<P align=center>7</P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_64></A>
<P align=justify>During the three months ended December 31, 2011, we repaid
borrowings under loans totaling approximately $59.1 million, renewed two
comprehensive credit facility agreements with aggregate maximum loan amounts of
approximately $84.1 million, and borrowed amounts totaling approximately $37.9
million. The material financing terms of these borrowings are described
below.</P>
<P align=justify>On November 30, 2011, we renewed our comprehensive credit
facility agreement with Agricultural Bank of China, Shenzhen Eastern Branch, or
Agricultural Bank &#150; Shenzhen Branch, to provide a maximum loan amount of RMB 450
million (approximately $71.4 million), including RMB 400 million (approximately
$63.4 million) of one-year term credit facilities and RMB 50 million
(approximately $7.9 million) of five-year term credit facilities. This
comprehensive credit facility agreement renewed a predecessor credit facility
agreement between Shenzhen BAK and Agricultural Bank &#150;Shenzhen Branch dated
November 15, 2010 and governs all loans that were subject to the predecessor
agreement at the time of the renewal. New loans may be drawn under this credit
facility from November 30, 2011 through November 24, 2012, with the term of the
loan established at the time each new loan is drawn, except as to funds borrowed
under a loan agreement between Shenzhen BAK and Agricultural Bank &#150; Shenzhen
Branch dated November 23, 2006 and effective December 18, 2006, or the 2006 Loan
Agreement, which may be drawn at any time within five years of December 18,
2006, and which will mature five years after such funds are drawn. Pursuant to
the comprehensive credit facility, Shenzhen BAK must obtain prior approval from
Agricultural Bank &#150; Shenzhen Branch to renew long-term loans that are subject to
this credit facility. In addition, Shenzhen BAK undertook to ensure that the
percentage of certain business conducted with Agricultural Bank &#150; Shenzhen
Branch relative to such business it conducts with all financial institutions
combined be at least equal to the percentage of its indebtedness to Agricultural
Bank &#150; Shenzhen Branch relative to its indebtedness to all financial
institutions combined (referred to as the &#147;Percentages Undertaking&#148;). The
&#147;business&#148; referred to in the preceding sentence refers to the volume of
transactional payments that are drawn from Shenzhen BAK&#146;s accounts with
Agricultural Bank &#150;Shenzhen Branch or applicable financial institutions and the
amount of foreign currencies deposited with Agricultural Bank &#150; Shenzhen Branch
or applicable financial institutions. Shenzhen BAK also undertook not to issue
any dividends without the written consent of Agricultural Bank &#150; Shenzhen Branch
prior to the expiration of all loans under this credit facility (this
undertaking and the Percentages Undertaking are collectively referred to as the
&#147;Undertakings&#148;). The obligations of Shenzhen BAK under this comprehensive credit
facility are guaranteed by Mr. Xiangqian Li and BAK International. Shenzhen
BAK&#146;s obligations under this credit facility agreement are also guaranteed by
Shenzhen BAK&#146;s pledge of the property ownership and land use rights certificates
relating to its manufacturing and other facilities in Shenzhen, PRC, known as
BAK Industrial Park. In the event that Shenzhen BAK breaches any of the
Undertakings or any guaranteed party breaches any of its guaranty obligations,
Agricultural Bank &#150; Shenzhen Branch may, in addition to exercising any other
applicable remedies under the applicable agreements, accelerate repayment of all
loan amounts governed by this credit facility.</P>
<P align=justify>As of December 31, 2011, we had six outstanding short-term
loans under the comprehensive credit facility with Agricultural Bank &#150; Shenzhen
Branch, totaling approximately $61.0 million, carrying annual interest range
from 100% to 110% of the benchmark rate of the PBOC, adjusted quarterly. The
first loan, of approximately $9.5 million, carried annual interest at the
benchmark rate of the PBOC and will be due on April 13, 2012. The second loan,
of approximately $11.9 million, carried annual interest at the benchmark rate of
the PBOC and will be due on April 14, 2012. The third loan, of approximately
$14.3 million, carried annual interest at the benchmark rate of the PBOC and
will be due on April 18, 2012.<B> </B>The fourth loan, of approximately $11.9
million, carried annual interest at 95% of the benchmark rate of the PBOC and
was due on December 21, 2011. The fourth loan was repaid on November 10, 2011
and replaced with another loan for approximately $9.5 million under a loan
agreement dated November 10, 2011, bearing annual interest at 110% of the
benchmark rate of the PBOC on the date of the loan agreement and adjusted
monthly, repayable on May 9, 2012. The fifth loan, of approximately $7.9
million, carried annual interest at the benchmark rate of the PBOC and was due
on January 11, 2012. The sixth loan, of approximately $7.9 million, carried
annual interest at the benchmark rate of the PBOC and was due on January 18,
2012. Each of the loan agreements specifically provided for acceleration of
repayment of the loan under certain conditions, as well as other penalties and
remedies. </P>
<P align=justify>As of December 31, 2011, we also had three five-year term loans
totaling approximately $7.9 million under the Agricultural Bank &#150; Shenzhen
Branch comprehensive credit facility carrying interest at 90% of the benchmark
rate of the PBOC for three-year to five-year long-term loans. The first loan, of
approximately $4.7 million, carried annual interest of 5.985% and was due on
January 25, 2012. The second loan, of approximately $1.6 million, carried annual
interest of 5.805% and was due on January 25, 2012. The third loan, of
approximately $1.6 million, carried annual interest of 5.805% and was due on
January 25, 2012. These five-year term loans were specifically: (i) guaranteed
by Mr. Xiangqian Li; (ii) secured by Shenzhen BAK&#146;s machinery and equipment with
carrying values of approximately $28.3 million as of December 31, 2011; and
(iii) secured by the property ownership and land use rights certificates with an
aggregate net book value of $127.1
million as of December 31, 2011 in relation to the land on which Shenzhen BAK&#146;s corporate campus had been constructed and any machinery and equipment purchased and used at the campus subsequent to such construction. </P>
<P align=center>8</P>
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<P align="justify">
On November 22, 2011, we renewed our comprehensive credit facility agreement with Tianjin Branch, Bank of Dalian, to provide a maximum loan amount of RMB 80 million (approximately &#36;12.7 million). Loans may be drawn at any time over the period
from November 22, 2011 to November 21, 2012 and will be due based on each loan agreement. This credit facility agreement was guaranteed by Shenzhen BAK Battery Co., Ltd. and Mr. Xiangqian Li. During the fiscal quarter ended December 31, 2011, we had
a loan of approximately &#36;6.3 million under a loan agreement dated October 27, 2010, bearing annual interest of 6.116%, adjusted monthly, repayable on October 26, 2011. We repaid this loan on October 26, 2011 and borrowed another loan of
approximately &#36;7.9 million under a loan agreement dated November 24, 2011, bearing annual interest at 130% of the benchmark rate of the PBOC on the date of the loan agreement and adjusted in line with the adjustment of the benchmark rate,
repayable on November 23, 2012 under this credit facility agreement.</P>
<P align="justify">
As of December 31, 2011, we had a comprehensive credit facility agreement with Shenzhen Branch, China Citic Bank, or China Citic Bank, to provide a maximum loan amount of RMB 105 million (approximately &#36;16.6 million). Loans may be drawn at any
time from May 6, 2011 to May 6, 2012 and will be due based on each loan agreement. This credit facility was guaranteed by BAK International and Mr. Xiangqian Li. As of December 31, 2011, we had borrowed &#36;6.3 million under a loan, currently
carrying annual interest at 110% of the benchmark rate announced by the People&#146;s Bank of China, or the PBOC, with a rate in line with the benchmark interest rate adjustment of the PBOC under this credit facility, and is due on June 3, 2012.</P>
<P align="justify">
As of December 31, 2011, we had a comprehensive credit facility agreement with Shenzhen Longgang Branch, Bank of China, or Bank of China, to provide a maximum loan amount of RMB 450 million (approximately &#36;71.4 million). Loans may be drawn at
any time from May 3, 2011 to May 3, 2012 and will be due based on each loan agreement. This credit facility was guaranteed by BAK International and Mr. Xiangqian Li. As of December 31, 2011, we had four outstanding short-term loans under the
comprehensive credit facility totaling &#36;31.7 million. The first loan, of approximately &#36;7.9 million, carries annual interest at 110% of the benchmark rate of the PBOC on the date of the loan agreement and adjusted every three months, and is
repayable on July 26, 2012. The second loan, of approximately &#36;7.9 million, carries annual interest at 110% of the benchmark rate of the PBOC on the date of the loan agreement and adjusted every three months, and is repayable on July 28, 2012.
The third loan, of approximately &#36;7.9 million, carries annual interest at 110% of the benchmark rate of the PBOC on the date of the loan agreement and adjusted every three months, and is repayable on August 2, 2012, and &#36;35.8 million of
notes payable under this credit facility agreement. The fourth loan, of approximately &#36;7.9 million, carried annual interest at 95% of the benchmark rate of the PBOC and was due on November 9, 2011. The fourth loan was repaid on November 9,
2011<B> </B>and was replaced with another loan for approximately &#36;7.9 million which carries annual interest at 110% of the benchmark rate of the PBOC on the date of the loan agreement and adjusted every three months, and is repayable on November
7, 2012. In addition, we had also borrowed &#36;13.5 million of notes payable separate from the credit facility. </P>
<P align="justify">
As of December 31, 2011, we had a comprehensive credit facility agreement with Shenzhen Development Bank, Longgang Branch, or Shenzhen Development Bank, to provide a maximum loan amount of RMB 200 million (approximately &#36;31.7 million). Loans may
be drawn at any time from January 26, 2011 to January 18, 2012 and will be due based on each loan agreement. This credit facility agreement was guaranteed by BAK International, BAK Tianjin and Mr. Xiangqian Li, and also was secured by &#36;23.5
million of inventory. As of December 31, 2011, we had three outstanding short-term loans under the comprehensive credit facility with Shenzhen Development Bank totaling approximately &#36;23.8 million. The first loan, dated January 25, 2011, was
approximately &#36;11.1 million, carried a floating interest rate equal to the benchmark rate of the PBOC on the date of the loan agreement and adjusted quarterly, and was repayable on January 24, 2012. The first loan was repaid on October 19, 2011
and replaced with another loan for approximately &#36;11.1 million under a loan agreement dated October 19, 2011, bearing annual interest at 107% of the benchmark rate of the PBOC on the date of the loan agreement and adjusted every three months,
repayable on July 18, 2012. The second loan, dated January 30, 2011, was approximately &#36;9.5 million, carried a floating interest rate equal to the benchmark rate of the PBOC on the date of the loan agreement and adjusted quarterly, and was
repayable on January 29, 2012. The second loan was repaid on September 27, 2011 and replaced with another loan for approximately &#36;9.5 million under a loan agreement dated September 27, 2011, bearing annual interest at 107% of the benchmark rate
of the PBOC on the date of the loan agreement and adjusted every three months, repayable on July 18, 2012. The third loan, dated June 13, 2011, is approximately &#36;3.2 million, carries annual interest at the benchmark rate of the PBOC on the date
of the loan agreement and adjusted quarterly, and is repayable on June 16, 2012. The third loan was borrowed after a predecessor loan was repaid on August 2, 2010, not December 31, 2010 as had been reported in our Form 10-Q for the fiscal quarter
ended December 31, 2010.</P>
<P align="center">
9</P>

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<P align="justify">
During the fiscal quarter ended December 31, 2011, we had a comprehensive credit facility agreement with Industrial Bank, Shenzhen Hi-tech District Branch, or Shenzhen Industrial Bank, to provide a maximum loan amount of RMB 62.6 million
(approximately &#36;9.8 million). Loans could be drawn at any time over the one-year period beginning December 26, 2010 and were due based on each loan agreement. This credit facility agreement was guaranteed by BAK International, BAK Tianjin and
Mr. Xiangqian Li. During the fiscal quarter ended December 31, 2011, we had borrowed approximately &#36;7.8 million<B> </B>under the loan agreement, carrying annual interest rate at 6.391% and the due date is December 10, 2011. We repaid this loan
on December 12, 2011, and the credit facility terminated as of December 31, 2011. </P>
<P align="justify">
As of December 31, 2011, we had a comprehensive credit facility agreement with China Everbright Bank to provide a maximum amount of RMB 120 million (approximately &#36;19.0 million) including RMB 40 million to support bank acceptance bills
(instruments commonly used in China that are similar to letters of credit) and RMB 80 million to cover discounts on our notes receivable due to their assignment to certain banks, suppliers, vendors, and other creditors from November 8, 2010 to
November 8, 2011. This credit facility agreement is guaranteed by BAK International and Mr. Xiangqian Li. As of December 31, 2011, we had borrowed &#36;13.9 million of notes payable under this credit facility.</P>
<P align="justify">
As of December 31, 2011, we had also borrowed &#36;1.2 million of notes payable outside any credit facility from Bank of China, Tianjin Branch.</P>
<P align="justify">
As of December 31, 2011, we had a comprehensive credit facility agreement, dated as of June 28, 2010, with Bank of Communications to provide a maximum loan amount of RMB 50 million (approximately &#36;7.9 million). This credit facility agreement is
guaranteed by BAK Tianjin and Mr. Xiangqian Li. Loans may be drawn at any time from June 28, 2010 to June 28, 2011. We had borrowed &#36;0.3 million of notes payable under this credit facility from Bank of Communications.</P>
<P align="justify">
As of December 31, 2011, we had a six-year long-term loan agreement expiring on February 9, 2016 of RMB 150 million (approximately &#36;23.5 million) with Shenzhen Branch, China Development Bank, or China Development Bank. Under the loan agreement,
the loan amount was to be drawn in four installments as follows: (1) RMB 50 million (approximately &#36;7.8 million) in February 2010; (2) RMB 30 million (approximately &#36;4.8 million) in July 2010; (3) RMB 30 million (approximately &#36;4.7
million) in January 2011; and (4) RMB 40 million (approximately &#36;6.2 million) in June 2011. The loan principal is to be repaid in seven installments according to the following schedule: (1) RMB 10 million (approximately &#36;1.6 million) on
November 21, 2012; (2) RMB 20 million (approximately &#36;3.1 million) on May 21, 2013; (3) RMB 20 million (approximately &#36;3.1 million) on November 21, 2013; (4) RMB 20 million (approximately &#36;3.1 million) on May 21, 2014; (5) RMB 25 million
(approximately &#36;3.9 million) on November 21, 2014; (6) RMB 25 million (approximately &#36;3.9 million) on May 21, 2015; and (7) RMB 30 million (approximately &#36;4.7 million) on February 9, 2016. The interest rate was originally agreed to be
5.90% for the first installment and the then-published base rate for 6-year loans published by the PBOC for subsequent installments. Interest is to be calculated and settled every March 20, June 20, September 20, and December 20 each year, and
payable the following business day. Pursuant to a Supplemental Agreement dated June 13, 2011, all loans under the agreement carry interest at 105% of the PBOC benchmark rate. The loan proceeds must be used for the construction of our Research &amp;
Development Test Centre in Shenzhen. The long-term loan is secured by Shenzhen BAK&#146;s pledge of its land use rights certificates, property ownership and equipment built-up by use of this long-term loan pursuant to the loan agreement. According
to the property ownership and land use rights certificate that we obtained in relation to this facility, the certificate may not be pledged without the approval of the relevant government office. On April 7, 2010, the pledge of the land use rights
certificate to China Development Bank was approved by the relevant government bureau. For further discussion regarding the status of property ownership rights relating to this facility, please see &#147;&#150;Capital Expenditures.&#148; The
obligations of Shenzhen BAK under this loan agreement are guaranteed by Mr. Xiangqian Li. </P>
<P align="justify">
In consultation with China Development Bank, as of December 31, 2011, we had borrowed approximately RMB 127.1 (or approximately &#36;20.2 million) in nine loans under this agreement based on our updated evaluation of the expected construction costs
of our Research &amp; Development Test Centre. The first loan, dated March 1, 2010, is in the amount of RMB 50 million (approximately &#36;7.9<B> </B>million) under a loan agreement with China Development Bank, bearing annual interest of 5.90%,
adjusted monthly, and repayable within 72 months. The second loan, dated June 13, 2011, is in the amount of approximately RMB 45.6 million (or approximately &#36;7.2 million), carries interest at 7.14%, and is due on February 9, 2016. The third
loan, dated October 10, 2011, is in the amount of approximately RMB 3.1 million (approximately &#36;0.5 million), carries interest at 7.4025%, and is repayable within 72 months. The fourth loan, dated October 28, 2011, is in the amount of RMB 8
million (approximately &#36;1.3 million), carries interest at 7.4025%, and is repayable within 72 months. The fifth loan, dated November 4, 2011, is in the amount of RMB 6 million (approximately &#36;1.0 million), carries interest at 7.4025%, and is
repayable within 72 months. The sixth loan, dated November 10, 2011, is in the amount of RMB 3 million (approximately &#36;0.5 million), carries interest at 7.4025%, and is repayable within 72 months. The seventh loan, dated November 17, 2011, is in
the amount of RMB 3 million (approximately &#36;0.5 million), carries interest at 7.4025%, and is repayable within 72 months.
The eighth loan, dated November 29, 2011, is in the amount of RMB 5 million
(approximately $0.8 million), carries interest at 7.4025%, and is repayable
within 72 months. The ninth loan, dated December 9, 2011, is in the amount of
approximately RMB 3.4 million (approximately $0.5 million), carries interest at
7.4025%, and is repayable within 72 months. China Development Bank has not
charged any interest or penalties relating to the portion of the loan that we
have not drawn in accordance with the loan agreement&#146;s borrowing schedule and
has advised us that we are not required to repay the loans in accordance with
the loan agreement&#146;s repayment schedule. </P>
<P align="center">
10</P>

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<P align=justify>As of December 31, 2011, we had a four-year, long-term loan
agreement expiring May 26, 2012 of RMB 100 million (approximately $15.6 million)
with Agricultural Bank of China, Tianjin Branch, or Agricultural Bank &#150; Tianjin
Branch. This loan agreement is secured by the machinery and equipment purchased
for the automated high-power lithium battery cells production line at our
Tianjin facility with carrying values of approximately $1.9 million as of
December 31, 2011. As of December 31, 2011, we had borrowed $15.6 million under
this loan agreement, payable in two installments: (i) RMB 50 million
(approximately $7.8 million) on December 26, 2011, which we repaid on October
24, 2011; and (ii) RMB 50 million (approximately $7.8 million) on May 26, 2012,
which we repaid on November 15, 2011. </P>
<P align=justify>We had negative working capital of $98.2 million as of December
31, 2011, as compared to negative working capital of $105.4 million as of
September 30, 2011, a decrease in negative working capital of $7.2 million.
Current assets as of December 31, 2011 were $186.3 million, compared with $197.3
million as of September 30, 2011, a decrease of $11.0 million. Current
liabilities as of December 31, 2011 were $284.5 million, compared with $302.6
million as of September 30, 2011, a decrease of $18.1 million. We had short-term
bank loans maturing in less than one year of $130.9 million and long-term bank
loans maturing within one year of $7.9 million as of December 31, 2011, or a
total of $138.8 million of loans maturing within one year, as compared to a
total of $163.2 million of such loans as of September 30, 2011, a decrease of
$24.4 million. We had long-term bank loans maturing in over one year of $20.1
million as of December 31, 2011, as compared to $15.0 million of such loans as
of September 30, 2011, an increase of $5.1 million. </P>
<P align=justify>We believe that our current cash and cash equivalents and
anticipated cash flow from operations will be sufficient to meet our anticipated
cash needs, including our cash needs for working capital and capital
expenditures for at least the next 12 months. We may, however, require
additional cash due to changing business conditions or other future
developments, including any investments or acquisitions we may decide to pursue.
If our existing cash and amount available under existing credit facilities is
insufficient to meet our requirements, we may seek to sell additional equity
securities, debt securities or borrow from lending institutions. We can make no
assurances that financing will be available in the amounts we need or on terms
acceptable to us, if at all. The sale of additional equity securities, including
convertible debt securities, would dilute the interests of our current
shareholders. The incurrence of debt would divert cash for working capital and
capital expenditures to service debt obligations and could result in operating
and financial covenants that restrict our operations and our ability to pay
dividends to our shareholders. If we are unable to obtain additional equity or
debt financing as required, our business operations and prospects may
suffer.</P>
<P align=justify><B>Capital Expenditures </B></P>
<P align=justify>We made capital expenditures of $4.2 million and $6.0 million
in the three months ended December 31, 2011 and 2010, respectively. Our capital
expenditures were used primarily to purchase plant and equipment to expand our
production capacity and construct our Research and Development Test Centre in
Shenzhen, China. The table below sets forth the breakdown of our capital
expenditures by use for the periods indicated.</P>
<P align=justify>(All amounts in thousands of U.S. dollars) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="27%" colSpan=4 noWrap
    align=center><B>Three Months Ended December 31,</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><B>2011</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center><B>2010</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Construction costs </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;2,619 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right>&nbsp;1,690 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Purchase of equipment and intangible assets</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>1,623 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=right>4,278 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Total capital expenditure </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;4,242 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="12%"
    noWrap align=right>&nbsp;5,968 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>We estimate that our total capital expenditures in fiscal year
2012 will reach approximately $20.0 million. Such funds will be used to purchase
manufacturing equipment for the expansion of our production lines and for the
construction of our Research and Development Test Centre at our Shenzhen
facility.</P>
<P align=center>11</P>
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<P align=justify>As of December 31 2011, we have substantially completed
manufacturing facilities, warehousing and packaging facilities, dormitory space,
dining halls, and administrative offices comprising 284,160 square meters at the
following locations: Shenzhen (218,178 square meters) and Tianjin (65,982 square
meters). Land use rights certificates have been obtained on these properties and
applications for ownership certificates are in process with the relevant
governmental authorities in China. </P>
<P align=justify><B>Contractual Obligations and Commercial Commitments </B></P>
<P align=justify>The following table sets forth our contractual obligations and
commercial commitments as of December 31, 2011: </P>
<P align=center>(All amounts in thousands of U.S. dollars) </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 8pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" colSpan=13 noWrap
    align=center><B>Payments Due by Period</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="7%" noWrap align=center><B>Less than</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="7%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="7%" noWrap align=center>&nbsp; </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD width="7%" noWrap align=center><B>More than</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap
      align=left><B>Contractual Obligations</B> </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center><B>Total</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center><B>1 year</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center><B>1-3 years</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center><B>3-5 years</B> </TD>
    <TD  width="2%" noWrap align=center>&nbsp;</TD>
    <TD  width="1%" noWrap align=center>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=center><B>5 years</B> </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Short-term bank loans </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>&nbsp;130,889 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>&nbsp;130,889 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>&nbsp;- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>&nbsp;- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>&nbsp;- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Bills payable </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>64,628 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>64,628 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>- </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>- </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>- </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Long-term bank loans </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>28,085 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>7,929 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>20,156 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Capital commitments </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>12,421 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>12,421 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>- </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>- </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD width="7%" noWrap align=right>- </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Future interest payment on
      short-term bank loans </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>3,337 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>3,337 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff width="7%" noWrap align=right>- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Future interest payment on long-term bank loans </TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=right>6,538 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=right>1,529 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=right>2,984 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=right>2,025 </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD>
    <TD  width="1%" noWrap align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" noWrap
      align=right>- </TD>
    <TD  width="2%" noWrap align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left>Total </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="7%"
    noWrap align=right>&nbsp;245,898 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="7%"
    noWrap align=right>&nbsp;220,733 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="7%"
    noWrap align=right>&nbsp;23,140 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="7%"
    noWrap align=right>&nbsp;2,025 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left>&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left>$</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e6efff width="7%"
    noWrap align=right>&nbsp;- </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left>&nbsp;</TD></TR></TABLE>
<P align=justify>Other than the contractual obligations and commercial
commitments set forth above, we did not have any other long-term debt
obligations, operating lease obligations, capital commitments, purchase
obligations or other long-term liabilities as of December 31, 2011.</P>
<P align=justify><B>Off-Balance Sheet Transactions </B></P>
<P align=justify>In the ordinary course of business practices in China, we enter
into transactions with banks or other lenders where we guarantee the debt of
other parties. These parties may be related to or unrelated to us. Conversely,
our debt with lenders may also be guaranteed by other parties which may be
related or unrelated to us.</P>
<P align=justify>Under U.S. GAAP, these transactions may not be recorded on our
balance sheet or may be recorded in amounts different than the full contract or
notional amount of the transaction. Our primary off-balance sheet arrangements
would result from our loan guaranties in which Shenzhen BAK, BAK International,
BAK Tianjin, and/or Mr. Xiangqian Li, our director, Chairman, President, and
Chief Executive Officer, would provide contractual assurance of the debt, or
guarantee the timely re-payment of principal and interest of the guaranteed
party. Neither Shenzhen BAK, BAK International, BAK Tianjin, nor Mr. Xiangqian
Li received, nor is entitled to receive, any consideration for the
above-referenced guarantees, and we are not independently obligated to indemnify
any of those guarantors for any amounts paid by them pursuant to any
guarantee.</P>
<P align=justify>Typically, no fees are received for this service. Thus, in
those transactions, Shenzhen BAK would have a contingent obligation related to
the guarantee of payment in the event the underlying loan is in default.</P>
<P align=justify>Transactions described above require accounting treatment under
Topic 460 &#147;Guarantor&#146;s Accounting and Disclosure Requirements for Guarantees,
Including Indirect Guarantees of Indebtedness of Others.&#148; Under that standard,
we would be required to recognize the fair value of guarantees issued or
modified after December 31, 2002, for non-contingent guarantee obligations, and
also a liability for contingent guarantee obligations based on the probability
that the guaranteed party will not perform under the contractual terms of the
guaranty agreement.</P>
<P align=justify>We have assessed the contingent liabilities arising from the
above-described guarantees and have considered them immaterial to the
consolidated financial statements. Therefore, no liabilities in respect of the
guarantees were recognized as of December 31, 2011. As of December 31, 2011, we
provided guarantees for the non-related parties, Shenzhen Tongli Hi-tech Co.
Ltd., Shanghai Global Children Products Co. Ltd., Shenzhen Yasu Technology Co.
Ltd. and Tianjin Bike New Energy Research Institute. The maximum amount of our
exposure for these guarantees was $20.6 million and $21.1 million at December
31, 2011 and September 30, 2011, respectively.</P>
<P align=center>12</P>
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width="100%" noShade>


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<A name="page_69"></A>

<P align=justify><B>Interest Rate Risk </B></P>

<P align="justify">
We are exposed to interest rate risk primarily with respect to our short-term bank loans and long-term bank loans. Although the interest rates, which are based on the banks&#146; prime rates with respect to our short-term loans are fixed for the
terms of the loans, the terms are typically three to twelve months for short-term bank loans and interest rates are subject to change upon renewal. There were no material changes in interest rates for short-term bank loans renewed during the three
months ended December 31, 2011.</P>
<P align="justify">
Please refer to &#147;&#151; Liquidity and Capital Resources &#151; Financing Activities&#148; for a discussion of our credit facilities and loan agreements.</P>
<P align="justify">
A hypothetical 1.0% increase in the annual interest rates for all of our credit facilities under which we had outstanding borrowings at December 31, 2011, would decrease net income before provision for income taxes by approximately &#36;1.6 million,
and cause a net loss before provision for income taxes of approximately &#36;1.3 million for the three months ended December 31, 2011. Management monitors the banks&#146; prime rates in conjunction with our cash requirements to determine the
appropriate level of debt balances relative to other sources of funds. We have not entered into any hedging transactions in an effort to reduce our exposure to interest rate risk.</P>
<P align="justify">
<B>Foreign Exchange Risk </B></P>
<P align="justify">
Although our reporting currency is the U.S. dollar, the financial records of our operating subsidiaries are maintained in their local currency, the RMB, which is our functional currency. Approximately 98.4% of our revenues and 98.4% of our costs and
expenses for the three months ended December 31, 2011 are denominated in RMB, with the balance denominated in U.S. dollars. Approximately 99.9% of our assets excluding cash were denominated in RMB as of December 31, 2011. As a result, we are exposed
to foreign exchange risk as our revenues and results of operations may be affected by fluctuations in the exchange rate between U.S. dollars and RMB. If the RMB depreciates against the U.S. dollar, the value of our RMB revenues, earnings and assets
as expressed in our U.S. dollar financial statements will decline. Assets and liabilities of our operating subsidiaries are translated into U.S. dollars at the exchange rate at the balance sheet date, their equity accounts are translated at
historical exchange rate and their income and expenses items are translated using the average rate for the period. Any resulting exchange differences are recorded in accumulated other comprehensive income or loss. An average appreciation
(depreciation) of the RMB against the U.S. dollar of 5% would increase (decrease) our comprehensive income by &#36;9.6 million based on our outstanding revenues, costs and expenses, assets and liabilities denominated in RMB as of December 31, 2011.
As of December 31, 2011, our accumulated other comprehensive income was &#36;37.6 million. We have not entered into any hedging transactions in an effort to reduce our exposure to foreign exchange risk.</P>
<P align="justify">
<B>Critical Accounting Policies </B></P>
<P align="justify">
Our consolidated financial information has been prepared in accordance with U.S. GAAP, which requires us to make judgments, estimates and assumptions that affect (1) the reported amounts of our assets and liabilities, (2) the disclosure of our
contingent assets and liabilities at the end of each fiscal period and (3) the reported amounts of revenues and expenses during each fiscal period. We continually evaluate these estimates based on our own historical experience, knowledge and
assessment of current business and other conditions, our expectations regarding the future based on available information and reasonable assumptions, which together form our basis for making judgments about matters that are not readily apparent from
other sources. Since the use of estimates is an integral component of the financial reporting process, our actual results could differ from those estimates. Some of our accounting policies require a higher degree of judgment than others in their
application. There have been no material changes to the critical accounting policies previously disclosed in our Annual Report on Form 10-K for the fiscal year<B> </B>ended September 30, 2011.<B> </B></P>
<P align="justify">
<B>Changes in Accounting Standards </B></P>
<P align="justify">
Please refer to note 1 to our consolidated financial statements, &#147;Principal Activities, Basis of Presentation and Organization &#150; Recently Issued Accounting Standards,&#148; for a discussion of relevant pronouncements.</P>
<P align="justify">
<B>Exchange Rates </B></P>
<P align="justify">
The financial records of Shenzhen BAK, BAK Electronics and BAK Tianjin are maintained in RMB. In order to prepare our financial statements, we have translated amounts in RMB into amounts in U.S. dollars. The amounts of our assets and liabilities on
our balance sheets are translated using the closing exchange rate as of the date of the balance sheet. Revenues, expenses, gains and losses are translated using the average exchange rate prevailing during the period covered by such financial statements. Adjustments resulting from the
translation, if any, are included in our cumulative other comprehensive income /
(loss) in our stockholders&#146; equity section of our balance sheet. All other
amounts that were originally booked in RMB and translated into U.S. dollars were
translated using the closing exchange rate on the date of recognition.
Consequently, the exchange rates at which the amounts in those comparisons were
computed varied from year to year.</P>
<P align="center">
13</P>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">

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<P align=justify>The exchange rates used to translate amounts in RMB into U.S.
dollars in connection with the preparation of our financial statements were as
follows:</P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="27%" colSpan=4 noWrap
    align=center valign="bottom"><B>RMB per U.S. Dollar</B> </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left valign="bottom">&nbsp; </TD>
    <TD  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center valign="bottom"><B>2011</B> </TD>
    <TD  width="2%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD  width="1%" noWrap align=center valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="12%" noWrap
      align=center valign="bottom"><B>2010</B> </TD>
    <TD  width="2%" noWrap align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Balance sheet items as of December
      31 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">6.3056 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">6.6023 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom">Amounts included in the statement of income and
      comprehensive income / (loss), statement of changes in stockholders&#146;
      equity and statement of cash flows for the three months ended December 31
    </TD>
    <TD  width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" align=right valign="bottom">6.3554 </TD>
    <TD  width="2%" align=left valign="bottom">&nbsp;</TD>
    <TD  width="1%" align=left valign="bottom">&nbsp;</TD>
    <TD width="12%" align=right valign="bottom">6.6560 </TD>
    <TD  width="2%" align=left valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD bgColor=#e6efff noWrap align=left valign="bottom">Balance sheet items as of September
      30 </TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">6.3843 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff  width="1%" noWrap align=left valign="bottom">&nbsp;</TD>
    <TD bgColor=#e6efff width="12%" noWrap align=right valign="bottom">6.6912 </TD>
    <TD bgColor=#e6efff  width="2%" noWrap
  align=left valign="bottom">&nbsp;</TD></TR></TABLE>
<P align=justify><B>ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK. </B></P>
<P align=justify>The information required by this item is discussed above in
Item 2. &#147;Management&#146;s Discussion and Analysis of Results of Operations &#151;
Interest Rate Risk&#148; and &#147;&#151;Foreign Exchange Risk.&#148;</P>
<P align=justify><B>ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CONTROLS AND PROCEDURES.</B></P>
<P align=justify><B>Evaluation of Disclosure Controls and Procedures </B></P>
<P align=justify>As required by Rule 13a-15 under the Exchange Act, our
management has carried out an evaluation, with the participation and under the
supervision of our chief executive officer and chief financial officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures as of December 31, 2011. Disclosure controls and procedures refer to
controls and other procedures designed to ensure that information required to be
disclosed in the reports we file or submit under the Exchange Act is recorded,
processed, summarized and reported within the time periods specified in the
rules and forms of the SEC and that such information is accumulated and
communicated to our management, including our chief executive officer and chief
financial officer, as appropriate, to allow timely decisions regarding required
disclosure. In designing and evaluating our disclosure controls and procedures,
management recognizes that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving the
desired control objectives, and management is required to apply its judgment in
evaluating and implementing possible controls and procedures. </P>
<P align=justify>Management conducted its evaluation of disclosure controls and
procedures under the supervision of our chief executive officer and our chief
financial officer. Based upon, and as of the date of this evaluation, our chief
executive officer and chief financial officer concluded that our disclosure
controls and procedures were effective as of December 31, 2011. </P>
<P align=justify><B>Changes in Internal Control over Financial Reporting
</B></P>
<P align=justify>There were no changes in our internal controls over financial
reporting during our fiscal quarter ended December 31, 2011 that have materially
affected, or are reasonably likely to materially affect, our internal control
over financial reporting. </P>
<P align=center><B>PART II <U><br>
OTHER INFORMATION</U></B><B> </B></P>
<P align=justify><B>ITEM 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LEGAL PROCEEDINGS.</B></P>
<P align=justify>From time to time, we may become involved in various lawsuits
and legal proceedings which arise in the ordinary course of business. However,
litigation is subject to inherent uncertainties, and an adverse result in these,
or other matters, may arise from time to time that may harm our business. Other
than the legal proceedings described in Item 3 &#147;Legal Proceedings&#148; of our Annual
Report on Form 10-K for the fiscal year ended September 30, 2011, we are
currently not aware of any such legal proceedings or claims that we believe will
have a material adverse affect on our business, financial condition or operating
results. Investors are directed to Item 3 of our Annual Report on Form 10-K for
the fiscal year ended September 30, 2011 for the description of these legal proceedings. There
have been no material developments to these legal proceedings during the three
months ended December 31, 2011.<B> </B> </P>
<P align=center>14</P>
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<P align=justify><B>ITEM 1A.&nbsp;&nbsp;&nbsp; RISK FACTORS.</B></P>
<P align=justify>There are no material changes from the risk factors previously
disclosed in Item 1A &#147;Risk Factors&#148; of our Annual Report on Form 10-K for the
fiscal year ended September 30, 2011. </P>
<P align=justify><B>ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
PROCEEDS. </B></P>
<P align=justify>None. </P>
<P align=justify><B>ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DEFAULTS UPON SENIOR SECURITIES. </B></P>
<P align=justify>None. </P>
<P align=justify><B>ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MINE SAFETY DISCLOSURES. </B></P>
<P align=justify>Not applicable. </P>
<P align=justify><B>ITEM 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTHER INFORMATION. </B></P>
<P align=justify>We have no information to disclose that was required to be in a
report on Form 8-K during the period covered by this report, but was not
reported. There have been no material changes to the procedures by which
security holders may recommend nominees to our board of directors. </P>
<P align=justify><B>ITEM 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EXHIBITS. </B></P>
<P align=justify>The following exhibits are filed as part of this report or
incorporated by reference: <B></B></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" height="336">

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left height="16"
      ><B>Exhibit No.</B> </TD>
    <TD  width="5%" noWrap align=left height="16" ></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="79%" noWrap
      align=left height="16"><B>Description</B> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exh31-1.htm">31.1 </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15"><a href="exh31-1.htm">Certifications of Principal
      Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act
      of 2002. </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exh31-2.htm">31.2 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exh31-2.htm">Certifications of Principal Financial Officer
      filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exh32-1.htm">32.1 </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15"><a href="exh32-1.htm">Certifications of Principal
      Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted
      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exh32-2.htm">32.2 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exh32-2.htm">Certifications of Principal Financial Officer
      furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
      Section 906 of the Sarbanes-Oxley Act of 2002. </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exhibit99-1.htm">99.1
    </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15">
    <a href="exhibit99-1.htm">Loan Certificate (English
      summary), dated October 10, 2011, between Shenzhen BAK Battery Co., Ltd.
      and China Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exhibit99-2.htm">99.2 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exhibit99-2.htm">Loan Certificate (English summary), dated
      October 28, 2011, between Shenzhen BAK Battery Co., Ltd. and China
      Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exhibit99-3.htm">99.3
    </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15">
    <a href="exhibit99-3.htm">Loan Certificate (English
      summary), dated November 4, 2011, between Shenzhen BAK Battery Co., Ltd.
      and China Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exhibit99-4.htm">99.4 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exhibit99-4.htm">Loan Certificate (English summary), dated
      November 10, 2011, between Shenzhen BAK Battery Co., Ltd. and China
      Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exhibit99-5.htm">99.5
    </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15">
    <a href="exhibit99-5.htm">Loan Certificate (English
      summary), dated November 17, 2011, between Shenzhen BAK Battery Co., Ltd.
      and China Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exhibit99-6.htm">99.6 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exhibit99-6.htm">Loan Certificate (English summary), dated
      November 29, 2011, between Shenzhen BAK Battery Co., Ltd. and China
      Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left height="15" >
    <a href="exhibit99-7.htm">99.7 </a> </TD>
    <TD bgColor=#eeeeee  width="5%" noWrap align=left height="15"
      >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" noWrap align=left height="15">
    <a href="exhibit99-7.htm">Loan Certificate
      (English summary), dated December 9, 2011, between Shenzhen BAK Battery
      Co., Ltd. and China Development
      Bank </a> </TD></TR>
  <tr>
    <TD align=left valign="top" height="30"><a href="exhibit99-8.htm">99.8 </a> </TD>
    <TD width="5%" align=left valign="top" height="30">&nbsp;</TD>
    <TD width="79%" align=left valign="top" height="30">
    <a href="exhibit99-8.htm">Comprehensive Credit Facility Agreement of
      Maximum Amount (English summary), dated November 30, 2011, between
      Shenzhen BAK Battery Co., Ltd. and Shenzhen Eastern Branch, Agricultural
      Bank of China </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee align=left valign="top" height="15">
    <a href="exhibit99-9.htm">99.9 </a> </TD>
    <TD bgColor=#eeeeee width="5%" align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left valign="top" height="15">
    <a href="exhibit99-9.htm">Loan Agreement (English
      summary), dated November 10, 2011, between Shenzhen BAK Battery Co., Ltd.
      and Shenzhen Eastern Branch, Agricultural Bank of China </a> </TD>
  </tr>
  <tr>
    <TD align=left valign="top" height="5"><a href="exhibit99-10.htm">99.10 </a> </TD>
    <TD width="5%" align=left valign="top" height="5"></TD>
    <TD width="79%" align=left valign="top" height="5">
    <a href="exhibit99-10.htm">Guaranty Contract (English summary), dated
      November 30, 2011, between Xiangqian Li, BAK International Limited and
      Shenzhen Eastern Branch, Agricultural Bank of China </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee align=left valign="top" height="15">
    <a href="exhibit99-11.htm">99.11 </a> </TD>
    <TD bgColor=#eeeeee width="5%" align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left valign="top" height="15">
    <a href="exhibit99-11.htm">Mortgage Contract of Maximum
      Amount (English summary), dated November 30, 2011, between Shenzhen BAK
      Battery Co., Ltd. and Shenzhen Eastern Branch, Agricultural Bank of China
    </a>
    </TD>
  </tr>
  <tr>
    <TD align=left valign="top" height="15"><a href="exhibit99-12.htm">99.12 </a> </TD>
    <TD width="5%" align=left valign="top" height="15"></TD>
    <TD width="79%" align=left valign="top" height="15">
    <a href="exhibit99-12.htm">Comprehensive Credit Facility Agreement of
      Maximum Amount (English summary), dated November 22, 2011, between BAK
      International (Tianjin) Limited and Tianjin Branch, Bank of Dalian </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee align=left valign="top" height="15">
    <a href="exhibit99-13.htm">99.13 </a> </TD>
    <TD bgColor=#eeeeee width="5%" align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left valign="top" height="15">
    <a href="exhibit99-13.htm">Loan Agreement (English
      summary), dated November 24, 2011, between BAK International (Tianjin)
      Limited and Tianjin Branch, Bank of Dalian </a> </TD>
  </tr>
  <tr>
    <TD align=left valign="top" height="15"><a href="exhibit99-14.htm">99.14 </a> </TD>
    <TD width="5%" align=left valign="top" height="15"></TD>
    <TD width="79%" align=left valign="top" height="15">
    <a href="exhibit99-14.htm">Guaranty Contract of Maximum Amount (English
      summary), dated November 22, 2011, between Shenzhen BAK Battery Co., Ltd.,
      Xiangqian Li and Tianjin Branch, Bank of Dalian </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee align=left valign="top" height="15">
    <a href="exhibit99-15.htm">99.15 </a> </TD>
    <TD bgColor=#eeeeee width="5%" align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left valign="top" height="15">
    <a href="exhibit99-15.htm">Loan Agreement (English
      summary), dated November 8, 2011, between Shenzhen BAK Battery Co., Ltd.
      and Shenzhen Longgang Branch, Bank of China </a> </TD>
  </tr>
  <tr>
    <TD align=left valign="top" height="15"><a href="exhibit99-16.htm">99.16 </a> </TD>
    <TD width="5%" align=left valign="top" height="15"></TD>
    <TD width="79%" align=left valign="top" height="15">
    <a href="exhibit99-16.htm">Loan Agreement (English summary), dated October
      19, 2011, between Shenzhen BAK Battery Co., Ltd. and Longgang Branch,
      Shenzhen Development Bank Co., Ltd. </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee noWrap align=left valign="top" height="15">101 </TD>
    <TD bgColor=#eeeeee width="5%" noWrap align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" noWrap align=left valign="top" height="15">Interactive data files
      pursuant to Rule 405 of Regulation S-T (furnished herewith).
</TD>
  </tr>
</TABLE>
<P align=center>15</P>
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<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_73></A>
<P align=center><B>SIGNATURES </B></P>
<P align=justify>Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD noWrap align=left>Date: February 8, 2012 </TD>
    <TD width="50%" colSpan=2 noWrap align=left><B>CHINA BAK BATTERY, INC.</B>
    </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="5%">&nbsp; </TD>
    <TD width="45%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="5%" noWrap align=left>By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="45%" noWrap
      align=left>/s/ Xiangqian Li </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="5%" noWrap align=left>&nbsp; </TD>
    <TD width="45%" noWrap align=left>Xiangqian Li, Chief Executive Officer
  </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="5%" noWrap align=left>&nbsp; </TD>
    <TD width="45%" noWrap align=left><I>(Principal Executive Officer)</I>
  </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="5%">&nbsp; </TD>
    <TD width="45%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="5%" noWrap align=left>By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="45%" noWrap
      align=left>/s/ Ke Marcus Cui </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp; </TD>
    <TD width="5%" noWrap align=left>&nbsp; </TD>
    <TD width="45%" noWrap align=left>Ke Marcus Cui, Chief Financial Officer
    </TD></TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD width="5%" align=left></TD>
    <TD width="45%" align=left><I>(Principal Financial Officer and
      Principal</I> <I>Accounting Officer)</I> </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>


<!--$$/page=-->
<A name="page_74"></A>

<P align="center">
<B>EXHIBIT INDEX </B></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" height="336">

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left height="16"
      ><B>Exhibit No.</B> </TD>
    <TD  width="5%" noWrap align=left height="16" ></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="79%" noWrap
      align=left height="16"><B>Description</B> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exh31-1.htm">31.1 </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15"><a href="exh31-1.htm">Certifications of Principal
      Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act
      of 2002. </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exh31-2.htm">31.2 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exh31-2.htm">Certifications of Principal Financial Officer
      filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exh32-1.htm">32.1 </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15"><a href="exh32-1.htm">Certifications of Principal
      Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted
      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exh32-2.htm">32.2 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exh32-2.htm">Certifications of Principal Financial Officer
      furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
      Section 906 of the Sarbanes-Oxley Act of 2002. </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exhibit99-1.htm">99.1
    </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15">
    <a href="exhibit99-1.htm">Loan Certificate (English
      summary), dated October 10, 2011, between Shenzhen BAK Battery Co., Ltd.
      and China Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exhibit99-2.htm">99.2 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exhibit99-2.htm">Loan Certificate (English summary), dated
      October 28, 2011, between Shenzhen BAK Battery Co., Ltd. and China
      Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exhibit99-3.htm">99.3
    </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15">
    <a href="exhibit99-3.htm">Loan Certificate (English
      summary), dated November 4, 2011, between Shenzhen BAK Battery Co., Ltd.
      and China Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exhibit99-4.htm">99.4 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exhibit99-4.htm">Loan Certificate (English summary), dated
      November 10, 2011, between Shenzhen BAK Battery Co., Ltd. and China
      Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee align=left height="15" ><a href="exhibit99-5.htm">99.5
    </a> </TD>
    <TD bgColor=#eeeeee  width="5%" align=left height="15"
    >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left height="15">
    <a href="exhibit99-5.htm">Loan Certificate (English
      summary), dated November 17, 2011, between Shenzhen BAK Battery Co., Ltd.
      and China Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD align=left height="15" ><a href="exhibit99-6.htm">99.6 </a> </TD>
    <TD  width="5%" align=left height="15" ></TD>
    <TD width="79%" align=left height="15"><a href="exhibit99-6.htm">Loan Certificate (English summary), dated
      November 29, 2011, between Shenzhen BAK Battery Co., Ltd. and China
      Development Bank </a> </TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee noWrap align=left height="15" >
    <a href="exhibit99-7.htm">99.7 </a> </TD>
    <TD bgColor=#eeeeee  width="5%" noWrap align=left height="15"
      >&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" noWrap align=left height="15">
    <a href="exhibit99-7.htm">Loan Certificate
      (English summary), dated December 9, 2011, between Shenzhen BAK Battery
      Co., Ltd. and China Development
      Bank </a> </TD></TR>
  <tr>
    <TD align=left valign="top" height="30"><a href="exhibit99-8.htm">99.8 </a> </TD>
    <TD width="5%" align=left valign="top" height="30">&nbsp;</TD>
    <TD width="79%" align=left valign="top" height="30">
    <a href="exhibit99-8.htm">Comprehensive Credit Facility Agreement of
      Maximum Amount (English summary), dated November 30, 2011, between
      Shenzhen BAK Battery Co., Ltd. and Shenzhen Eastern Branch, Agricultural
      Bank of China </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee align=left valign="top" height="15">
    <a href="exhibit99-9.htm">99.9 </a> </TD>
    <TD bgColor=#eeeeee width="5%" align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left valign="top" height="15">
    <a href="exhibit99-9.htm">Loan Agreement (English
      summary), dated November 10, 2011, between Shenzhen BAK Battery Co., Ltd.
      and Shenzhen Eastern Branch, Agricultural Bank of China </a> </TD>
  </tr>
  <tr>
    <TD align=left valign="top" height="5"><a href="exhibit99-10.htm">99.10 </a> </TD>
    <TD width="5%" align=left valign="top" height="5"></TD>
    <TD width="79%" align=left valign="top" height="5">
    <a href="exhibit99-10.htm">Guaranty Contract (English summary), dated
      November 30, 2011, between Xiangqian Li, BAK International Limited and
      Shenzhen Eastern Branch, Agricultural Bank of China </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee align=left valign="top" height="15">
    <a href="exhibit99-11.htm">99.11 </a> </TD>
    <TD bgColor=#eeeeee width="5%" align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left valign="top" height="15">
    <a href="exhibit99-11.htm">Mortgage Contract of Maximum
      Amount (English summary), dated November 30, 2011, between Shenzhen BAK
      Battery Co., Ltd. and Shenzhen Eastern Branch, Agricultural Bank of China
    </a>
    </TD>
  </tr>
  <tr>
    <TD align=left valign="top" height="15"><a href="exhibit99-12.htm">99.12 </a> </TD>
    <TD width="5%" align=left valign="top" height="15"></TD>
    <TD width="79%" align=left valign="top" height="15">
    <a href="exhibit99-12.htm">Comprehensive Credit Facility Agreement of
      Maximum Amount (English summary), dated November 22, 2011, between BAK
      International (Tianjin) Limited and Tianjin Branch, Bank of Dalian </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee align=left valign="top" height="15">
    <a href="exhibit99-13.htm">99.13 </a> </TD>
    <TD bgColor=#eeeeee width="5%" align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left valign="top" height="15">
    <a href="exhibit99-13.htm">Loan Agreement (English
      summary), dated November 24, 2011, between BAK International (Tianjin)
      Limited and Tianjin Branch, Bank of Dalian </a> </TD>
  </tr>
  <tr>
    <TD align=left valign="top" height="15"><a href="exhibit99-14.htm">99.14 </a> </TD>
    <TD width="5%" align=left valign="top" height="15"></TD>
    <TD width="79%" align=left valign="top" height="15">
    <a href="exhibit99-14.htm">Guaranty Contract of Maximum Amount (English
      summary), dated November 22, 2011, between Shenzhen BAK Battery Co., Ltd.,
      Xiangqian Li and Tianjin Branch, Bank of Dalian </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee align=left valign="top" height="15">
    <a href="exhibit99-15.htm">99.15 </a> </TD>
    <TD bgColor=#eeeeee width="5%" align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" align=left valign="top" height="15">
    <a href="exhibit99-15.htm">Loan Agreement (English
      summary), dated November 8, 2011, between Shenzhen BAK Battery Co., Ltd.
      and Shenzhen Longgang Branch, Bank of China </a> </TD>
  </tr>
  <tr>
    <TD align=left valign="top" height="15"><a href="exhibit99-16.htm">99.16 </a> </TD>
    <TD width="5%" align=left valign="top" height="15"></TD>
    <TD width="79%" align=left valign="top" height="15">
    <a href="exhibit99-16.htm">Loan Agreement (English summary), dated October
      19, 2011, between Shenzhen BAK Battery Co., Ltd. and Longgang Branch,
      Shenzhen Development Bank Co., Ltd. </a> </TD>
  </tr>
  <tr>
    <TD bgColor=#eeeeee noWrap align=left valign="top" height="15">101 </TD>
    <TD bgColor=#eeeeee width="5%" noWrap align=left valign="top" height="15">&nbsp;</TD>
    <TD bgColor=#eeeeee width="79%" noWrap align=left valign="top" height="15">Interactive data files
      pursuant to Rule 405 of Regulation S-T (furnished herewith).
</TD>
  </tr>
</TABLE>
<hr color="#000000" size="5">

</BODY>

</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>exh31-1.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc. - Exhibit 31.1 - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_76></A>
<P align=right><B>Exhibit 31.1 </B></P>
<P align=center><B>CERTIFICATIONS </B></P>
<P align=justify>I, Xiangqian Li, certify that:</P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify>I have reviewed this quarterly report on Form 10-Q of
      China BAK Battery, Inc.;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD>
      <P align=justify>Based on my knowledge, this report does not contain any
      untrue statement of a material fact or omit to state a material fact
      necessary to make the statements made, in light of the circumstances under
      which such statements were made, not misleading with respect to the period
      covered by this report;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify>Based on my knowledge, the financial statements, and
      other financial information included in this report, fairly present in all
      material respects the financial condition, results of operations and cash
      flows of the registrant as of, and for, the periods presented in this
      report;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">4. </TD>
    <TD>
      <P align=justify>The registrant&#146;s other certifying officer and I are
      responsible for establishing and maintaining disclosure controls and
      procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
      internal control over financial reporting (as defined in Exchange Act
      Rules 13a-15(f) and 15d-15(f)) for the registrant and
  have:</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">a) </TD>
    <TD>
      <P align=justify>Designed such disclosure controls and procedures, or
      caused such disclosure controls and procedures to be designed under our
      supervision, to ensure that material information relating to the
      registrant, including its consolidated subsidiaries, is made known to us
      by others within those entities, particularly during the period in which
      this report is being prepared;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">b) </TD>
    <TD>
      <P align=justify>Designed such internal control over financial reporting,
      or caused such internal control over financial reporting to be designed
      under our supervision, to provide reasonable assurance regarding the
      reliability of financial reporting and the preparation of financial
      statements for external purposes in accordance with generally accepted
      accounting principles;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">c) </TD>
    <TD>
      <P align=justify>Evaluated the effectiveness of the registrant&#146;s
      disclosure controls and procedures and presented in this report our
      conclusions about the effectiveness of the disclosure controls and
      procedures, as of the end of the period covered by this report based on
      such evaluation; and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">d) </TD>
    <TD>
      <P align=justify>Disclosed in this report any change in the registrant&#146;s
      internal control over financial reporting that occurred during the
      registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal
      quarter in the case of an annual report) that has materially affected, or
      is reasonably likely to materially affect, the registrant&#146;s internal
      control over financial reporting; and</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" BCLLIST>

  <TR>
    <TD vAlign=top width="5%">5. </TD>
    <TD>
      <P align=justify>The registrant&#146;s other certifying officer and I have
      disclosed, based on our most recent evaluation of internal control over
      financial reporting, to the registrant&#146;s auditors and the audit committee
      of the registrant&#146;s board of directors (or persons performing the
      equivalent functions):</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">a) </TD>
    <TD>
      <P align=justify>All significant deficiencies and material weaknesses in
      the design or operation of internal control over financial reporting which
      are reasonably likely to adversely affect the registrant&#146;s ability to
      record, process, summarize and report financial information; and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">b) </TD>
    <TD>
      <P align=justify>Any fraud, whether or not material, that involves
      management or other employees who have a significant role in the
      registrant&#146;s internal control over financial
reporting.</P></TD></TR></TABLE>
<P align=justify>Date: February 8, 2012 </P>
<P align=justify><U>/s/ Xiangqian
Li&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</U><BR>Xiangqian Li <BR>Chief Executive Officer <BR><I>(Principal
Executive Officer) </I></P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>exh31-2.htm
<DESCRIPTION>EXHIBIT 31.2
<TEXT>

<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc. - Exhibit 31.2 - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_77></A>
<P align=right><B>Exhibit 31.2 </B></P>
<P align=center><B>CERTIFICATIONS </B></P>
<P align=justify>I, Ke Marcus Cui, certify that:</P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify>I have reviewed this quarterly report on Form 10-Q of
      China BAK Battery, Inc.;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD>
      <P align=justify>Based on my knowledge, this report does not contain any
      untrue statement of a material fact or omit to state a material fact
      necessary to make the statements made, in light of the circumstances under
      which such statements were made, not misleading with respect to the period
      covered by this report;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify>Based on my knowledge, the financial statements, and
      other financial information included in this report, fairly present in all
      material respects the financial condition, results of operations and cash
      flows of the registrant as of, and for, the periods presented in this
      report;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">4. </TD>
    <TD>
      <P align=justify>The registrant&#146;s other certifying officer and I are
      responsible for establishing and maintaining disclosure controls and
      procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
      internal control over financial reporting (as defined in Exchange Act
      Rules 13a-15(f) and 15d-15(f)) for the registrant and
  have:</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">a) </TD>
    <TD>
      <P align=justify>Designed such disclosure controls and procedures, or
      caused such disclosure controls and procedures to be designed under our
      supervision, to ensure that material information relating to the
      registrant, including its consolidated subsidiaries, is made known to us
      by others within those entities, particularly during the period in which
      this report is being prepared;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">b) </TD>
    <TD>
      <P align=justify>Designed such internal control over financial reporting,
      or caused such internal control over financial reporting to be designed
      under our supervision, to provide reasonable assurance regarding the
      reliability of financial reporting and the preparation of financial
      statements for external purposes in accordance with generally accepted
      accounting principles;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">c) </TD>
    <TD>
      <P align=justify>Evaluated the effectiveness of the registrant&#146;s
      disclosure controls and procedures and presented in this report our
      conclusions about the effectiveness of the disclosure controls and
      procedures, as of the end of the period covered by this report based on
      such evaluation; and</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">d) </TD>
    <TD>
      <P align=justify>Disclosed in this report any change in the registrant&#146;s
      internal control over financial reporting that occurred during the
      registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal
      quarter in the case of an annual report) that has materially affected, or
      is reasonably likely to materially affect, the registrant&#146;s internal
      control over financial reporting; and</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" BCLLIST>

  <TR>
    <TD vAlign=top width="5%">5. </TD>
    <TD>
      <P align=justify>The registrant&#146;s other certifying officer and I have
      disclosed, based on our most recent evaluation of internal control over
      financial reporting, to the registrant&#146;s auditors and the audit committee
      of the registrant&#146;s board of directors (or persons performing the
      equivalent functions):</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%" BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">a) </TD>
    <TD>
      <P align=justify>All significant deficiencies and material weaknesses in
      the design or operation of internal control over financial reporting which
      are reasonably likely to adversely affect the registrant&#146;s ability to
      record, process, summarize and report financial information; and</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">b) </TD>
    <TD>
      <P align=justify>Any fraud, whether or not material, that involves
      management or other employees who have a significant role in the
      registrant&#146;s internal control over financial
reporting.</P></TD></TR></TABLE>
<P align=justify>Date: February 8, 2012 </P>
<P align=justify><U>/s/ Ke Marcus
Cui&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</U><BR>Ke Marcus Cui <BR>Chief Financial Officer <BR><I>(Principal
Financial and Accounting Officer) </I></P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>exh32-1.htm
<DESCRIPTION>EXHIBIT 32.1
<TEXT>
<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc. - Exhibit 32.1 - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_78></A>
<P align=right><B>Exhibit 32.1 </B></P>
<P align=center><B>CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, <BR>AS
ADOPTED PURSUANT TO SECTION 906 <BR>OF THE SARBANES-OXLEY ACT OF 2002 </B></P>
<P align=justify style="text-indent: 5%">The undersigned, Xiangqian Li, the Chief Executive Officer of
CHINA BAK BATTERY, INC. (the &#147;Company&#148;), DOES HEREBY CERTIFY that: </P>
<P align=justify style="text-indent: 5%">1. The Company&#146;s Quarterly Report on Form 10-Q for the quarter
ended December 31, 2011 (the &#147;Report&#148;), fully complies with the requirements of
Section 13(a) of the Securities Exchange Act of 1934; and </P>
<P align=justify style="text-indent: 5%">2. Information contained in the Report fairly presents, in all
material respects, the financial condition and results of operation of the
Company. </P>
<P align=justify style="text-indent: 5%">IN WITNESS WHEREOF, each of the undersigned has executed this
statement this 8th day of February, 2012. </P>
<P align=justify style="margin-left: 50%"><u>/s/ Xiangqian Li&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <BR>
</u>Xiangqian Li <BR>Chief Executive Officer
<BR><I>(Principal Executive Officer) </I></P>
<P align=justify>A signed original of this written statement required by Section
906 has been provided to China BAK Battery, Inc. and will be retained by China
BAK Battery, Inc. and furnished to the Securities and Exchange Commission or its
staff upon request. </P>
<P align=justify>The forgoing certification is being furnished to the Securities
and Exchange Commission pursuant to &#167; 18 U.S.C. Section 1350. It is not being
filed for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, and is not to be incorporated by reference into any filing of the
Company, whether made before or after the date hereof, regardless of any general
incorporation language in such filing. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>5
<FILENAME>exh32-2.htm
<DESCRIPTION>EXHIBIT 32.2
<TEXT>
<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc. - Exhibit 32.2 - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_79></A>
<P align=right><B>Exhibit 32.2 </B></P>
<P align=center><B>CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, <BR>AS
ADOPTED PURSUANT TO SECTION 906 <BR>OF THE SARBANES-OXLEY ACT OF 2002 </B></P>
<P align=justify style="text-indent: 5%">The undersigned, Ke Marcus Cui, the Chief Financial Officer of
CHINA BAK BATTERY, INC. (the &#147;Company&#148;), DOES HEREBY CERTIFY that: </P>
<P align=justify style="text-indent: 5%">1. The Company&#146;s Quarterly Report on Form 10-Q for the quarter
ended December 31, 2011 (the &#147;Report&#148;), fully complies with the requirements of
Section 13(a) of the Securities Exchange Act of 1934; and </P>
<P align=justify style="text-indent: 5%">2. Information contained in the Report fairly presents, in all
material respects, the financial condition and results of operation of the
Company. </P>
<P align=justify style="text-indent: 5%">IN WITNESS WHEREOF, each of the undersigned has executed this
statement this 8th day of February 2012. </P>
<P align=justify style="margin-left: 50%"><u>/s/ Ke Marcus Cui&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <BR>
</u>Ke Marcus Cui <BR>Chief Financial Officer
<BR><I>(Principal Financial Officer) </I></P>
<P align=justify>A signed original of this written statement required by Section
906 has been provided to China BAK Battery, Inc. and will be retained by China
BAK Battery, Inc. and furnished to the Securities and Exchange Commission or its
staff upon request. </P>
<P align=justify>The forgoing certification is being furnished to the Securities
and Exchange Commission pursuant to &#167; 18 U.S.C. Section 1350. It is not being
filed for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, and is not to be incorporated by reference into any filing of the
Company, whether made before or after the date hereof, regardless of any general
incorporation language in such filing. </P>
<HR align=center color=black SIZE=5 width="100%" noShade>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>


<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc.: Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=center><B>China Development Bank </B></P>
<P align=center><B>Loan Certificate </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD
      align=left>&nbsp;&nbsp;&nbsp;&nbsp; Date: October 10, 2011 </TD>
    <TD align=right
      width="50%">Contract No.:4403236012009020660&nbsp;&nbsp;&nbsp;&nbsp;
    &nbsp;</TD>
  </TR></TABLE><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid"
      >Applicant </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Shenzhen BAK Battery Co., Ltd </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Currency </TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">RMB</TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Amount    </TD>
    <TD
      width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">3,058,460.00 </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left >Loan
      Term </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>72 months </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Usage </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Constructing BAK Battery R&amp;D Centre </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Annual rate </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>7.4025% </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >Loan Account of <BR>China <BR>Development
      Bank </TD>
    <TD align=left>1044300028 </TD>
    <TD align=left>
      <P align=justify>Deposit Account of <BR>Applicant in China <BR>Development
      Bank </P></TD>
    <TD align=left>44301560040217970000 </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >Stamp of Applicant </TD>
    <TD align=left></TD>
    <TD align=left>
      <P align=justify>Stamp of China <BR>Development Bank </P></TD>
    <TD align=left></TD>
  </TR></TABLE></DIV>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; The above loan has been transferred to
the applicant&#146;s account.</P>
<HR align=center width="100%" color=black noShade SIZE=5>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>7
<FILENAME>exhibit99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>


<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc.: Exhibit 99.2 - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=center><B>China Development Bank </B></P>
<P align=center><B>Loan Certificate </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD
      align=left>&nbsp;&nbsp;&nbsp;&nbsp; Date: October 28, 2011 </TD>
    <TD align=right
      width="50%">Contract No.:4403236012009020660&nbsp;&nbsp;&nbsp;&nbsp;
    &nbsp;</TD>
  </TR></TABLE><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Applicant </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Shenzhen BAK Battery Co., Ltd </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Currency </TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">RMB</TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Amount    </TD>
    <TD
      width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">8,000,000.00 </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Loan Term </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>72 months </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Usage </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Constructing BAK Battery R&amp;D Centre </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Annual rate </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>7.4025% </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Loan Account of <BR>China <BR>Development Bank </TD>
    <TD align=left>1044300028 </TD>
    <TD align=left>Deposit Account of <BR>
      Applicant in China
      <BR>Development Bank </TD>
    <TD align=left>44301560040217970000 </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Stamp of Applicant </TD>
    <TD align=left></TD>
    <TD align=left>Stamp of China <BR>
      Development Bank </TD>
    <TD align=left></TD>
  </TR></TABLE></DIV>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; The above loan has been transferred to
the applicant&#146;s account.</P>
<HR align=center width="100%" color=black noShade SIZE=5>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>8
<FILENAME>exhibit99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>


<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc.: Exhibit 99.3 - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=center><B>China Development Bank </B></P>
<P align=center><B>Loan Certificate </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp; Date: November 4, 2011 </TD>
    <TD align=right width="50%">Contract
      No.:4403236012009020660&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</TD></TR></TABLE><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Applicant </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Shenzhen BAK Battery Co., Ltd    </TD>
    </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Currency </TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">RMB</TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Amount    </TD>
    <TD
      width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">6,000,000.00 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Loan Term </TD>
    <TD colspan="3" align=left style="BORDER-BOTTOM: #000000 1px solid">72
      months         </TD>
    </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Usage </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Constructing BAK Battery R&amp;D Centre     </TD>
    </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Annual rate </TD>
    <TD colspan="3" align=left style="BORDER-BOTTOM: #000000 1px solid">7.4025%         </TD>
    </TR>
  <TR vAlign=top>
    <TD align=left>Loan Account of <BR>China <BR>Development Bank </TD>
    <TD align=left>1044300028 </TD>
    <TD align=left>Deposit Account of <BR>Applicant in China
      <BR>Development Bank </TD>
    <TD align=left>44301560040217970000 </TD></TR>
  <TR vAlign=top>
    <TD align=left>Stamp of Applicant </TD>
    <TD align=left></TD>
    <TD align=left>Stamp of China Development Bank </TD>
    <TD align=left></TD></TR></TABLE>
</DIV>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The above loan has been
transferred to the applicant&#146;s account.</P>
<HR align=center width="100%" color=black noShade SIZE=5>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>9
<FILENAME>exhibit99-4.htm
<DESCRIPTION>EXHIBIT 99.4
<TEXT>


<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc.: Exhibit 99.4 - Filed by newsfilecorp.com</TITLE>
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<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=center><B>China Development Bank </B></P>
<P align=center><B>Loan Certificate </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp; Date: November 10, 2011 </TD>
    <TD align=right width="50%">Contract
      No.:4403236012009020660&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</TD></TR></TABLE><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Applicant </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Shenzhen BAK Battery Co., Ltd </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Currency </TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">RMB</TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Amount    </TD>
    <TD
      width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">3,000,000.00 </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Loan Term </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>72 months </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Usage </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Constructing BAK Battery R&amp;D Centre </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Annual rate </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>7.4025% </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Loan Account of <BR>China <BR>Development Bank </TD>
    <TD align=left>1044300028 </TD>
    <TD align=left>Deposit Account of <BR>
      Applicant in China
      <BR>Development Bank </TD>
    <TD align=left>44301560040217970000 </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Stamp of Applicant </TD>
    <TD align=left></TD>
    <TD align=left>Stamp of China <BR>
      Development Bank </TD>
    <TD align=left></TD>
  </TR></TABLE></DIV>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; The above loan has been transferred to
the applicant&#146;s account.</P>
<HR align=center width="100%" color=black noShade SIZE=5>

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<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>10
<FILENAME>exhibit99-5.htm
<DESCRIPTION>EXHIBIT 99.5
<TEXT>


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<HEAD>
   <TITLE>China BAK Battery, Inc.: Exhibit 99.5 - Filed by newsfilecorp.com</TITLE>
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<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=center><B>China Development Bank </B></P>
<P align=center><B>Loan Certificate </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp; Date: November 17, 2011 </TD>
    <TD align=right width="50%">Contract
      No.:4403236012009020660&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR></TABLE><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Applicant </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Shenzhen BAK Battery Co., Ltd </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Currency </TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">RMB</TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Amount    </TD>
    <TD
      width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">3,000,000.00 </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Loan Term </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>72 months </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Usage </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Constructing BAK Battery R&amp;D Centre </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Annual rate </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>7.4025% </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Loan Account of <BR>China <BR>Development Bank </TD>
    <TD align=left>1044300028 </TD>
    <TD align=left>Deposit Account of <BR>
      Applicant in China
      <BR>Development Bank </TD>
    <TD align=left>44301560040217970000 </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Stamp of Applicant </TD>
    <TD align=left></TD>
    <TD align=left>Stamp of China Development Bank </TD>
    <TD align=left></TD>
  </TR></TABLE></DIV>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; The above loan has been transferred to
the applicant&#146;s account.</P>
<HR align=center width="100%" color=black noShade SIZE=5>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>11
<FILENAME>exhibit99-6.htm
<DESCRIPTION>EXHIBIT 99.6
<TEXT>


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<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=center><B>China Development Bank </B></P>
<P align=center><B>Loan Certificate </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp; Date: November 29, 2011 </TD>
    <TD align=right width="50%">Contract
      No.:4403236012009020660&nbsp;&nbsp;&nbsp; &nbsp;</TD></TR></TABLE><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Applicant </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Shenzhen BAK Battery Co., Ltd </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Currency </TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">RMB</TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Amount    </TD>
    <TD
      width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">5,000,000.00 </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Loan Term </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>72 months </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Usage </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Constructing BAK Battery R&amp;D Centre </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Annual rate </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>7.4025% </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Loan Account of <BR>China <BR>Development Bank </TD>
    <TD align=left>1044300028 </TD>
    <TD align=left>Deposit Account of <BR>
      Applicant in China
      <BR>Development Bank </TD>
    <TD align=left>44301560040217970000 </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Stamp of Applicant </TD>
    <TD align=left></TD>
    <TD align=left>Stamp of China <BR>
      Development Bank </TD>
    <TD align=left></TD>
  </TR></TABLE></DIV>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; The above loan has been transferred to
the applicant&#146;s account.</P>
<HR align=center width="100%" color=black noShade SIZE=5>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.7
<SEQUENCE>12
<FILENAME>exhibit99-7.htm
<DESCRIPTION>EXHIBIT 99.7
<TEXT>


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   <TITLE>China BAK Battery, Inc.: Exhibit 99.7 - Filed by newsfilecorp.com</TITLE>
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<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=center><B>China Development Bank </B></P>
<P align=center><B>Loan Certificate </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp; Date: December 9, 2011 </TD>
    <TD align=right width="50%">Contract
      No.:4403236012009020660&nbsp;&nbsp;&nbsp; &nbsp;</TD></TR></TABLE><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Applicant </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Shenzhen BAK Battery Co., Ltd </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Currency </TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">RMB</TD>
    <TD width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">Amount    </TD>
    <TD
      width="25%" align=left style="BORDER-BOTTOM: #000000 1px solid">3,433,140.00 </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Loan Term </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>72 months </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Usage </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>Constructing BAK Battery R&amp;D Centre </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Annual rate </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    colSpan=3>7.4025% </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Loan Account of <BR>China <BR>Development Bank </TD>
    <TD align=left>1044300028 </TD>
    <TD align=left>Deposit Account of <BR>
      Applicant in China
      <BR>Development Bank </TD>
    <TD align=left>44301560040217970000 </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Stamp of Applicant </TD>
    <TD align=left></TD>
    <TD align=left>Stamp of China <BR>
      Development Bank </TD>
    <TD align=left></TD>
  </TR></TABLE></DIV>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; The above loan has been transferred to
the applicant&#146;s account.</P>
<HR align=center width="100%" color=black noShade SIZE=5>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.8
<SEQUENCE>13
<FILENAME>exhibit99-8.htm
<DESCRIPTION>EXHIBIT 99.8
<TEXT>


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<P align=justify><B><U>Comprehensive Credit Facility Agreement of Maximum Amount
(&#147;Credit Facility Agreement&#148;) Entered into by and between
Shenzhen BAK Battery Co., Ltd (&#147;the Debtor&#148;) and Shenzhen
Eastern Branch, Agricultural Bank of China (the &#147;Creditor&#148;) Dated November 30,
2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=3><B>Main articles:</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Contract number: 81001201102370001;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Maximum amount of credit facilities
      to be provided: RMB 450 million; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Term: from November 30, 2011 to
      November 24, 2012; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Purpose of the loan is to provide
      working capital for the Company; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Interest rate will be determined in
      each loan agreement to be signed under this Credit Facility Agreement;  </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>If any of the following occurs, the
      Creditor is entitled to demand adjustment of the maximum amount of credit
      facilities: </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD width="5%" align=center>&#149; </TD>
    <TD align=left>Material adverse change occurred in the market
      the Company served for or monetary policy significantly adjusted; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left > <div align="center"></div></TD>
    <TD align=center>&#149; </TD>
    <TD align=left>The financial condition of the Company is in
      serious difficulty; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left > <div align="center"></div></TD>
    <TD align=center>&#149; </TD>
    <TD align=left>The Company does not carry out its obligations;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center>&#149; </TD>
    <TD align=left>Occurrence of other instances which endangers
      or may endanger the safety of the loan provided by the Creditor; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Remedies in the event of breach of
      contract include adjustment of the credit amount, suspension of credit,
      and cancel the credit unprovided. </TD>
  </TR></TABLE>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Headlines of the articles omitted</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Terms of credit </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>The procedure on using the comprehensive credit
      facility </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Guaranty </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>The rights and obligations of the Creditor  </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>The rights and obligations of the Debtor </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Disputation settlement Validity </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Validity </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Supplement articles </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Notification </TD>
  </TR></TABLE>
<BR>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.9
<SEQUENCE>14
<FILENAME>exhibit99-9.htm
<DESCRIPTION>EXHIBIT 99.9
<TEXT>


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<P align=justify><B><U>Summary of Loan Agreement Entered into by and between
Shenzhen BAK Battery Co., Ltd. (&#147;the Company&#148;) and Shenzhen
Eastern Branch, Agricultural Bank of China (&#147;the Creditor&#148;)
Dated November 10, 2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=3><B>Main contents</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Contract number: 81010120110000766;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Loan principal: RMB 60 million;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Loan term: from November 10, 2011 to
      May 9, 2012; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Floating interest rate: Interest rate
      of loan shall be 110% of the benchmark rate announced by the People&#146;s Bank
      of China, and be adjusted every one month; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD width="5%" align=center >&#149; </TD>
    <TD align=left>Interest accrued and settled per month,
      interest settlement day is the 20th day of each month; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Penalty interest rate for delayed repayment:
      current interest rate plus 50% * current interest rate; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Penalty interest rate for embezzlement of loan
      proceeds: current interest rate *1; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Purpose of the loan is to provide
      working capital for the Company; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Breach of contract penalties: correct
      the breach of contract in time limit; suspension of loan unprovided;
      release loan agreement, demand prepayment of loan principal and interest
      before maturity; imposition of punitive interest incurred due to delayed
      loan; imposition of punitive interest for embezzlement of loan; imposition
      of plural interest for unpaid interest; withdraw from any accounts of the
      Company the loan principal, interest and other fees; compensation for the
      Creditor&#146;s expenses incurred due to demanding the loan principal and
      interest in case of litigation, etc. </TD>
  </TR></TABLE>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Headlines of the articles omitted:</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Termination and explanation </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Undertaking of the Company </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Loan arrangement </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Interest clearing of the loan </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Payment of the loan </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Rights and obligation </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Interest penalty of loan </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Guarantee of the loan agreement </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Disputation settlement </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Validity </TD></TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Text </TD></TR></TABLE>
<BR>
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<DOCUMENT>
<TYPE>EX-99.10
<SEQUENCE>15
<FILENAME>exhibit99-10.htm
<DESCRIPTION>EXHIBIT 99.10
<TEXT>


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<P align=justify><B><U>Summary of Guaranty Contract of Maximum Amount ( the
&#147;Contract&#148;) Entered into by and between Xiangqian Li, BAK
International Limited (the &#147;Guarantor&#148;) and Shenzhen
Eastern Branch, Agricultural Bank of China (the &#147;Creditor&#148;)
Dated November 30, 2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Main contents:</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left>Guaranty Contract number:
    81100520110000608;&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Xiangqian Li and BAK International Limited
      undertake to assume joint and several liabilities for Shenzhen BAK Battery
      Co., Ltd (the &#147;Obligor&#148;)&#146;s indebtedness towards Agricultural Bank of China
      under the Comprehensive Credit Facility Agreement of Maximum Amount
      (reference no.: 81001201013170001) from November 30, 2011 to November 24,
      2012, and the maximum amount secured is RMB 450 million. </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left><B>Guaranty Responsibility</B>: The guaranty
      under this Contract shall be guaranty with joint and several liabilities.
      The Guarantor is obligated to pay off the debt in the event the Obligor is
      unable to pay off the debt (including the Creditor declares the debt
      becomes mature in advance to its original expiry date due to default of
      the Obligor or the Guarantor). </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left><B>Scope of Guaranty: </B>The guaranty shall
      cover all of the loan principal, interest, penalty interest, breach of
      contract compensation, damages, undertaking fee and all the expenses such
      as litigation cost, lawyer&#146;s fee, notification cost and public notice cost
      etc. which is incurred to the Creditor in realizing its creditor&#146;s
  right</TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left><B>Guaranty period: </B>The guaranty period is
      from the effective date of this Contract to two years after the expiry of
      the term of the Credit Facility Agreement and relevant agreement entered
      into under the Credit Facility Agreement. </TD>
  </TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Headlines of the articles omitted:</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left>Payment on demand </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Declaration and guaranty </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Independent guaranty </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Fulfillment of the responsibility and giving up
      of the right </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Disputation settlement </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Validity </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Supplement articles </TD>
  </TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-99.11
<SEQUENCE>16
<FILENAME>exhibit99-11.htm
<DESCRIPTION>EXHIBIT 99.11
<TEXT>


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<P align=justify><B><U>Summary of Mortgage Contract of Maximum Amount ( the
&#147;Contract&#148;) Entered intoby and between Shenzhen BAK
Battery, Co., Ltd (the &#147;Mortgager&#148;) and Shenzhen Eastern Branch, Agricultural
Bank of China (the &#147;Creditor&#148;) Dated November 30, 2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Main contents:</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left><B>Contract number</B>: 81100620110000803;  </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>In order to guarantee the indebtedness of
      Shenzhen BAK Battery Co., Ltd. (the &#147;Obligor&#148;) towards the Creditor under
      the Comprehensive Credit Facility Agreement of Maximum Amount (reference
      no.: 810012011102370001) from November 30, 2011 to November 24, 2012, the
      Mortgager agrees to pledge its property to the Creditor. </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left><B>Scope of Guaranty: </B>The guaranty shall
      cover all of the loan principal, interest, penalty interest, breach of
      contract compensation, damages, undertaking fee and all the expenses such
      as litigation cost, lawyer&#146;s fee, notification cost and public notice cost
      etc. which is incurred to the Creditor in realizing its creditor&#146;s right.    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left><B>Collaterals: </B>The Mortgager agrees to
      pledge its land and the administration of land to the Creditor.  </TD>
  </TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Headlines of the articles omitted:</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left>Payment on demand </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Undertakings of the Mortgager </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Validity of the Creditor&#146;s Right </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Occupancy of Collaterals </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Mortgage insurance </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Mortgage Registration </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Transfer of mortgage right </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Realizing of Creditor&#146;s Right </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Fee </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Amendment of the Contract </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Disputation settlement </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Attachment </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Supplement articles </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Validity </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Notification </TD>
  </TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-99.12
<SEQUENCE>17
<FILENAME>exhibit99-12.htm
<DESCRIPTION>EXHIBIT 99.12
<TEXT>


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<P align=justify><B><U>Comprehensive Credit Facility Agreement of Maximum Amount
(&#147;CreditFacility Agreement&#148;) Entered into by and between
BAK International (Tianjin)Limited (&#147;the Company&#148;) and
Tianjin Branch, Bank of Dalian (the &#147;Creditor&#148;) Dated November 22,
2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=3><B>Main articles:</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left colSpan=2>Contract number: DLQ Jin201111210022;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Maximum amount of credit facilities
      to be provided: RMB 80 million; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Term: from November 22, 2011 to
      November 21, 2012; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Purpose of the loan is to provide
      working capital for the Company; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>If any of the following occurs, the
      Creditor is entitled to demand adjustment of the maximum amount of credit
      facilities: </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD width="5%" align=center >&#149; </TD>
  <TD align=left>The Company provides unture materials; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center ></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The Company uses loan proceeds for purposes
      other than what is agreed without the consent of the Creditor; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The financial condition of the Company is in
      serious difficulty; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The Company does not carry out its obligations;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center ></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Occurrence of other instances which endangers
      or may endanger the safety of the loan provided by the Creditor; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Remedies in the event of breach of
      contract include adjustment of the credit amount, suspension of credit,
      and cancel the credit unprovided. </TD>
  </TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Headlines of the articles omitted</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left>The procedure on using the comprehensive credit
      facility </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Guaranty </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>The obligations of the Creditor </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>The obligations of the Company </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Declaration and undertaking of the Company  </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Increase to the maximum amount of credit
      facilities </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Amendment and termination of Contract </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Supplemental Agreement </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Disputation settlement Validity </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Validity </TD>
  </TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-99.13
<SEQUENCE>18
<FILENAME>exhibit99-13.htm
<DESCRIPTION>EXHIBIT 99.13
<TEXT>


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<P align=justify><B><U>Summary of Loan Agreement Entered into by and between BAK
International</U></B><B> </B><B><U>(Tianjin) Limited (&#147;the Company&#148;) and Tianjin
Branch, Bank of Dalian (the</U></B><B> </B><B><U>&#147;Creditor&#148;) Dated November 24,
2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=3 ><B>Main articles:</B>  </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left colSpan=2>Contract number: DLL Jin201111240030;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Loan principal: RMB 50 million;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Loan Term: November 24, 2011 to
      November 23, 2012; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Floating interest rate: Interest rate
      of loan shall be 130% of the benchmark rate announced by the People&#146;s Bank
      of China, and be adjusted in line with the adjustment of the benchmark
      rate; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center ></TD>
    <TD width="5%" align=center >&#149; </TD>
    <TD align=left>Interest accrued and settled per month,
      interest settlement day is the 20<SUP>th </SUP>day of each month;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center ></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Penalty interest rate for delayed repayment:
      current interest rate plus 50% * current interest rate; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center ></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Penalty interest rate for embezzlement of loan
      proceeds: current interest rate *1; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>If any of the following occurs, the
      Creditor is entitled to demand prepayment of loan principal and interest
      before maturity and cancel all loans unprovided: </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
  <TD align=left>The Company provides unture materials; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The financial condition of the Company is in
      serious difficulty; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The Company uses loan proceeds for purposes
      other than what is&nbsp;agreed without the consent of the Creditor; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The Company provides untrue declaration or hide
      important&nbsp;financial information about its operation; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Violation of other requirements ruled by the
      Creditor; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Purpose of the loan is to provide
      working capital to purchase raw materials for the Company; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Breach of contract penalties: correct
      the breach of contract in time limit; suspension of loan unprovided;
      release loan agreement, demand prepayment of loan principal and interest
      before maturity; imposition of punitive interest incurred due to delayed
      loan; imposition of punitive interest for embezzlement of loan; imposition
      of plural interest for unpaid interest; withdraw from any accounts of the
      Company the loan principal, interest and other fees; compensation for the
      Creditor&#146;s expenses incurred due to demanding the loan principal and
      interest in case of litigation, etc. </TD>
  </TR></TABLE>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Headlines of the articles omitted</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" align=left><div align="center">&#187; </div></TD>
    <TD align=left>Loan arrangement </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Interest clearing of the loan </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Payment of the loan </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Guarantee </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Declaration and Promise </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Rights reserved </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Modification, Amendment and Termination of
      Contract </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Disputation settlement </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Attachment </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187; </div></TD>
    <TD align=left>Other agreements </TD></TR>
  <TR vAlign=top>
    <TD align=left><div align="center">&#187;</div></TD>
    <TD align=left>Validity</TD>
  </TR>
</TABLE>
<BR>
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<DOCUMENT>
<TYPE>EX-99.14
<SEQUENCE>19
<FILENAME>exhibit99-14.htm
<DESCRIPTION>EXHIBIT 99.14
<TEXT>


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<P align=justify><B><U>Summary of Guaranty Contract of Maximum Amount ( the
&#147;Contract&#148;) Entered into by and between Shenzhen BAK
Battery Co., Ltd, Xiangqian Li (the &#147;Guarantor&#148;) and Tianjin Branch, Bank of
Dalin (the &#147;Creditor&#148;) on November 22, 2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2><B>Main contents:</B> </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp; &nbsp; &nbsp;&#187; </TD>
    <TD align=left width="95%">Guaranty Contract number: DLQ Jin201111210022;
    </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp; &nbsp; &nbsp;&#187; </TD>
    <TD align=left width="95%">Shenzhen BAK Battery Co., Ltd and Xiangqian Li
      undertake to assume joint and several liabilities for BAK International
      (Tianjin) Limited (the &#147;Obligor&#148;)&#146;s indebtedness towards Bank of Dalian
      from November 22, 2011 to February 21, 2013, and the maximum amount
      secured is RMB 80 million. </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp; &nbsp; &nbsp;&#187; </TD>
    <TD align=left width="95%"><B>Guaranty Responsibility</B>: The guaranty
      under this Contract shall be guaranty with joint and several liabilities.
      The guarantor is obligated to pay off the debt in the event the obligor is
      unable to pay off the debt (including the creditor declares the debt
      becomes mature in advance to its original expiry date due to default of
      the obligor or the guarantor). </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp; &nbsp; &nbsp;&#187; </TD>
    <TD align=left width="95%"><B>Scope of Guaranty: </B>The guaranty shall
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      contract compensation, damages, undertaking fee and all the expenses such
      as litigation cost, lawyer&#146;s fee, notification cost and public notice cost
      etc. which is incurred to the Creditor in realizing its creditor&#146;s right.
    </TD></TR>
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    <TD align=left width="95%"><B>Guaranty period: </B>The guaranty period is
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      the term of the Credit Facility Agreement and relevant agreement entered
      into under the Credit Facility Agreement. </TD></TR></TABLE><BR>
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    <TD align=left width="95%">Termination and explanation </TD></TR>
  <TR vAlign=top>
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    <TD align=left width="95%">Payment on demand </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&#187; </TD>
    <TD align=left width="95%">Declaration and undertaking of the Guarantor
  </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&#187; </TD>
    <TD align=left width="95%">Obligations of the Guarantor </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&#187; </TD>
    <TD align=left width="95%">Amendment and explanation of the Contract
</TD></TR>
  <TR vAlign=top>
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    <TD align=left width="95%">Disputation settlement </TD></TR>
  <TR vAlign=top>
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    <TD align=left width="95%">Validity </TD></TR>
  <TR vAlign=top>
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    <TD align=left width="95%">Supplement articles </TD></TR></TABLE><BR>
<HR align=center width="100%" color=black noShade SIZE=5>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.15
<SEQUENCE>20
<FILENAME>exhibit99-15.htm
<DESCRIPTION>EXHIBIT 99.15
<TEXT>


<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc.: Exhibit 99.15 - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=justify><B><U>Summary of Loan Agreement Entered into by and between
Shenzhen BAK</U></B><B> </B><B><U>Battery Co., Ltd. (&#147;the Company&#148;) and Shenzhen
Longgang Branch, Bank of</U></B><B> </B><B><U>China (the &#147;Creditor&#148;) Dated
November 8, 2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=3 ><B>Main articles:</B>  </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left colSpan=2>Contract number: 2011 Zhenzhongyin
      Gangjiezi 00045; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Loan principal: RMB 50 million;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Loan Term: from November 8, 2011 to
      November 7, 2012; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Floating interest rate: Interest rate
      of loan shall be 110% of the benchmark rate </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=left colSpan=2>announced by the People&#146;s Bank of
      China, and be adjusted every 3 months; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center ></TD>
    <TD width="5%" align=center >&#149; </TD>
    <TD align=left>Interest accrued and settled per month,
      interest settlement day is the 20<SUP>th </SUP>day of each month;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center ></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Penalty interest rate for delayed repayment:
      current interest rate plus 50% * current interest rate; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center ></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Penalty interest rate for embezzlement of loan
      proceeds: current interest rate *1; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>If any of the following occurs, the
      Creditor is entitled to demand prepayment of </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=left colSpan=2>loan principal and interest before
      maturity and cancel all loans unprovided: </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Delay in repayment of loan interest and the
      loan principal; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The Company uses loan proceeds for purposes
      other than what is agreed without the consent of the Creditor; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The Company provides untrue declaration or hide
      important financial information about its operation; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&nbsp; </TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The Company terminates operation or is stopped
      from operation; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Purpose of the loan is to provide
      working capital for the Company; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left colSpan=2>Breach of contract penalties: correct
      the breach of contract in time limit; suspension of loan unprovided;
      release loan agreement, demand prepayment of loan principal and interest
      before maturity; imposition of punitive interest incurred due to delayed
      loan; imposition of punitive interest for embezzlement of loan; imposition
      of plural interest for unpaid interest; withdraw from any accounts of the
      Company the loan principal, interest and other fees; compensation for the
      Creditor&#146;s expenses incurred due to demanding the loan principal and
      interest in case of litigation, etc. </TD>
  </TR></TABLE>
<BR>
<TABLE
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  <TR vAlign=top>
    <TD width="5%" align=center >&#187; </TD>
    <TD align=left>Loan arrangement </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Interest clearing of the loan </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Payment of the loan </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Guarantee </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Declaration and Promise </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Rights reserved </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Modification, Amendment and Termination of
      Contract </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Disputation settlement </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Attachment </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Other agreements </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center >&#187; </TD>
    <TD align=left>Validity </TD>
  </TR></TABLE><BR>
<HR align=center width="100%" color=black noShade SIZE=5>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.16
<SEQUENCE>21
<FILENAME>exhibit99-16.htm
<DESCRIPTION>EXHIBIT 99.16
<TEXT>


<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc.: Exhibit 99.16 - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A>
<P align=justify><B><U>Summary of Loan Agreement Entered into by and between
Shenzhen BAK</U></B><B> </B><B><U>Battery Co., Ltd. (&#147;the Company&#148;) and Longgang
Branch, Shenzhen</U></B><B> </B><B><U>Development Bank Co., Ltd (the &#147;Creditor&#148;)
Dated October 19, 2011</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left colSpan=2 ><B>Main contents:</B> </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Contract number: Shenfa Longgang
      Daizi 20111020001; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Main Contract: Comprehensive Credit
      Facility Agreement; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Main Contract number: Shenfa Longgang
      Zongzi 20110120001; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Loan principal: RMB 70 million;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Loan term: from October 19, 2011 to
      July 18, 2012; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Floating interest rate: Interest rate
      of loan shall be 107% of the benchmark rate announced by the People&#146;s Bank
      of China, and be adjusted every 3 months; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD width="5%" align=center >&#149; </TD>
    <TD align=left>Interest accrued and settled per month,
      interest settlement day is the 20<SUP>th </SUP>day of each month;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Penalty interest rate for delayed repayment:
      current interest rate plus 50% * current interest rate; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>Penalty interest rate for embezzlement of loan
      proceeds: current interest rate *1; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>Purpose of the loan is to purchase
      raw materials for the Company; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left colSpan=2>If any of the following occurs, the
      Creditor is entitled to demand prepayment of loan principal and interest
      before maturity and cancel all loans unprovided ; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left > <div align="center"></div></TD>
    <TD align=center >&#149; </TD>
    <TD align=left>The Company terminates operation or is stopped
      from operation; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center>&#149; </TD>
    <TD align=left>The Company provides untrue documents or hide
      important financial information about its operation; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center>&#149; </TD>
    <TD align=left>The Company intentionally evades bank debts by
      way of related party transaction or other means; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center>&#149; </TD>
    <TD align=left>The Company uses loan proceeds for purposes
      other than what is agreed without the consent of the Creditor; </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center"></div></TD>
    <TD align=center>&#149; </TD>
    <TD align=left>Occurrence of other instances which endangers
      or may endanger the safety of the loan provided by the Creditor;  </TD>
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<BR>
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  <TR vAlign=top>
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    <TD align=left>Interest clearing of the loan </TD>
  </TR>
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    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Payment of the loan </TD>
  </TR>
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    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Rights and obligation of the Company </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Rights and obligations of the Creditor </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Disputation settlement and Validity </TD>
  </TR>
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    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Fees </TD>
  </TR>
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    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Breach of contract penalties </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Declaration, guaranty and undertaking of the
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  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Amendment and Termination of Contract </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Others </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><div align="center">&#187; </div></TD>
    <TD align=left>Validity </TD>
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<BR>
<HR align=center width="100%" color=black noShade SIZE=5>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.INS
<SEQUENCE>22
<FILENAME>cbak-20111231.xml
<DESCRIPTION>XBRL INSTANCE DOCUMENT
<TEXT>
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  <us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Principal Activities, Basis of Presentation and Organization&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;Principal Activities&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;China BAK Battery, Inc. (&amp;#8220;China BAK&amp;#8221;) is a corporation formed in the State of Nevada on October 4, 1999 as Medina Copy, Inc. The Company changed its name to Medina Coffee, Inc. on October 6, 1999 and subsequently changed its name to China BAK Battery, Inc. on February 14, 2005. China BAK and its subsidiaries (hereinafter, collectively referred to as the &amp;#8220;Company&amp;#8221;) are principally engaged in the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion (known as "Li-ion" or "Li-ion cell") rechargeable batteries for use in cellular telephones, as well as various other portable electronic applications, including high-power handset telephones, laptop computers, power tools, digital cameras, video camcorders, MP3 players, electric bicycles, hybrid/electric motors, and general industrial applications.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The shares of the Company traded in the over-the-counter market through the Over-the-Counter Bulletin Board from 2005 until May 31, 2006, when the Company obtained approval to list its common stock on The NASDAQ Global Market, and trading commenced that same date under the symbol "CBAK".&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;Basis of Presentation and Organization&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, the Company&amp;#8217;s subsidiaries consisted of: i) BAK International Limited (&amp;#8220;BAK International&amp;#8221;), a wholly owned limited liability company incorporated in Hong Kong on December 29, 2003 as BATCO International Limited, which changed its name to BAK International Limited on November 3, 2004; ii) Shenzhen BAK Battery Co., Ltd. (&amp;#8220;Shenzhen BAK&amp;#8221;), a wholly owned limited liability company established on August 3, 2001 in the People&amp;#8217;s Republic of China (&amp;#8220;PRC&amp;#8221;); iii) BAK Electronics (Shenzhen) Co., Ltd. (&amp;#8220;BAK Electronics&amp;#8221;), a wholly owned limited liability company established on August 15, 2005 in the PRC; iv) BAK International (Tianjin) Ltd. (&amp;#8220;BAK Tianjin&amp;#8221;), a wholly owned limited liability company established on December 12, 2006 in the PRC; v) BAK Battery Canada Ltd. (&amp;#8220;BAK Canada&amp;#8221;), a wholly owned limited liability company established on December 20, 2006 in Canada as BAK Canada Battery Ltd., which changed its name to BAK Battery Canada Ltd. on December 22, 2006; vi) BAK Europe GmbH (&amp;#8220;BAK Europe&amp;#8221;), a wholly owned limited liability company established in Germany on November 28, 2007; vii) BAK Telecom India Private Limited (&amp;#8220;BAK India&amp;#8221;), a wholly owned limited liability company established in India on August 14, 2008; and viii) Tianjin Meicai New Materials Technology Co., Ltd. (&amp;#8220;Tianjin Meicai&amp;#8221;), a wholly owned limited liability company established on February 22, 2011 in the PRC. As of December 31, 2011, BAK International beneficially owns 100% of BAK India partly through a nominee agreement with one of its employees.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;BAK Tianjin was established in Tianjin Technology Industrial District on December 12, 2006 as a wholly owned subsidiary of BAK International with registered capital of US$99,990,000. Pursuant to BAK Tianjin&amp;#8217;s articles of association and relevant PRC regulations, BAK International was required to contribute US$20,000,000 to BAK Tianjin as capital (representing 20% of BAK Tianjin&amp;#8217;s registered capital) before March 11, 2007. An extension from the Business Administration Bureau of Beichen District, Tianjin, was obtained to make this contribution no later than December 11, 2007.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On November 16, 2007, BAK International contributed approximately US$20,000,000 capital to BAK Tianjin. The remaining US$79,990,000 was originally required to be fully contributed no later than December 11, 2008 and an extension from the Business Administration Bureau of Beichen District, Tianjin, was obtained to make this contribution no later than December 11, 2009. On November 16, 2009, BAK International contributed approximately US$9,000,000 capital to BAK Tianjin and as of November 16, 2009, the total contribution from BAK International was US$29,000,000. The remaining US$70,990,000 was originally required to be fully contributed no later than December 11, 2009 and an extension from the Business Administration Bureau of Beichen District, Tianjin, was obtained to make this contribution no later than December 2012. In August 2011, BAK International contributed approximately US$21,000,000 capital to BAK Tianjin and as of December 31, 2011, the total contribution from BAK International was US$50,000,000. BAK Tianjin is principally engaged in the manufacture of larger lithium ion batteries for use in cordless power tools and various types of vehicles.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On November 6, 2004, BAK International, a non-operating holding company that had substantially the same shareholders as Shenzhen BAK, entered into a share swap transaction with the shareholders of Shenzhen BAK for the purpose of the subsequent reverse acquisition of the Company as described below. Pursuant to the terms of the share swap transaction, BAK International acquired all of the outstanding shares of Shenzhen BAK for US$11.5 million in cash, while the shareholders of Shenzhen BAK acquired substantially all of the outstanding shares of BAK International for US$11.5 million in cash. As a result, Shenzhen BAK became a wholly-owned subsidiary of BAK International. After the share swap transaction was completed, there were 31,225,642 shares of BAK International stock outstanding, exactly the same as the number of shares of capital stock of Shenzhen BAK that had been outstanding immediately prior to the share swap, and the shareholders of BAK International were substantially the same as the shareholders of Shenzhen BAK prior to the share swap. Consequently, the share swap transaction between BAK International and the shareholders of Shenzhen BAK was accounted for as a reverse acquisition of Shenzhen BAK with no adjustment to the historical basis of the assets and liabilities of Shenzhen BAK.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On January 20, 2005, the Company completed a share swap transaction with the shareholders of BAK International. The share swap transaction, also referred to as the &amp;#8220;reverse acquisition&amp;#8221; of the Company, was consummated under Nevada law pursuant to the terms of a Securities Exchange Agreement entered by and among China BAK, BAK International and the shareholders of BAK International on January 20, 2005. Pursuant to the Securities Exchange Agreement, the Company issued 39,826,075 shares of common stock, par value US$0.001 per share, to the shareholders of BAK International (including 31,225,642 shares to the original shareholders and 8,600,433 shares to new investors who had purchased shares in the private placement described below), representing approximately 97.2% of the Company&amp;#8217;s post-exchange issued and outstanding common stock, in exchange for 100% of the outstanding capital stock of BAK International.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The share swap transaction has been accounted for as a capital-raising transaction of the Company whereby the historical financial statements and operations of Shenzhen BAK are consolidated using historical carrying amounts. The 1,152,458 shares of China BAK outstanding prior to the stock exchange transaction were accounted for at the net book value at the time of the transaction, which was a deficit of US$1,672.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Also on January 20, 2005, immediately prior to consummating the share swap transaction, BAK International executed a private placement of its common stock with unrelated investors whereby it issued an aggregate of 8,600,433 shares of common stock for gross proceeds of US$17,000,000. In conjunction with this financing, Mr. Xiangqian Li, the Chairman and Chief Executive Officer of the Company, agreed to place 2,179,550 shares of the Company&amp;#8217;s common stock owned by him into an escrow account pursuant to an Escrow Agreement dated January 20, 2005 (the &amp;#8220;Escrow Agreement&amp;#8221;). Pursuant to the Escrow Agreement, 50% of the escrowed shares were to be released to the investors in the private placement if audited net income of the Company for the fiscal year ended September 30, 2005 was not at least US$12,000,000, and the remaining 50% were to be released to investors in the private placement if audited net income of the Company for the fiscal year ended September 30, 2006 was not at least US$27,000,000. If the audited net income of the Company for the fiscal years ended September 30, 2005 and 2006 reached the above-mentioned targets, the 2,179,550 shares would be released to Mr. Xiangqian Li in the amount of 50% upon reaching the 2005 target and the remaining 50% upon reaching the 2006 target.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Under accounting principles generally accepted in the United States of America (&amp;#8220;US GAAP&amp;#8221;), escrow agreements such as the one established by Mr. Xiangqian Li generally constitute compensation if, following attainment of a performance threshold, shares are returned to a company officer. The Company determined that without consideration of the compensation charge, the performance thresholds for the year ended September 30, 2005 would be achieved. However, after consideration of a related compensation charge, the Company determined that such thresholds would not have been achieved. The Company also determined that, even without consideration of a compensation charge, the performance thresholds for the year ended September 30, 2006 would not be achieved. No compensation charge was recorded by the Company for the years ended September 30, 2005 and 2006.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;While the 1,089,775 escrow shares relating to the 2005 performance threshold were previously released to Mr. Xiangqian Li, Mr. Xiangqian Li executed a further undertaking on August 21, 2006 to return those shares to the escrow agent for the distribution to the relevant investors. However, such shares were not returned to the escrow agent, but, pursuant to a Delivery of Make Good Shares, Settlement and Release Agreement between the Company, BAK International and Mr. Li entered into on October 22, 2007 (the &amp;#8220;Li Settlement Agreement&amp;#8221;), such shares were ultimately delivered to the Company as described below. Because the Company failed to satisfy the performance threshold for the fiscal year ended September 30, 2006, the remaining 1,089,775 escrow shares relating to the fiscal year 2006 performance threshold were released to the relevant investors. As Mr. Li has not retained any of the shares placed into escrow, and as the investors party to the Escrow Agreement are only shareholders of the Company and do not have and are not expected to have any other relationship to the Company, the Company has not recorded a compensation charge for the years ended September 30, 2005 and 2006.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;At the time the escrow shares relating to the 2006 performance threshold were transferred to the investors in fiscal year 2007, the Company should have recognized a credit to donated shares and a debit to additional paid-in capital, both of which are elements of shareholders&amp;#8217; equity. This entry is not material because total ordinary shares issued and outstanding, total shareholders&amp;#8217; equity and total assets do not change; nor is there any impact on income or earnings per share. Therefore, previously filed consolidated financial statements for the fiscal year ended September 30, 2007 will not be restated. This share transfer has been reflected in these financial statements by reclassifying the balances of certain items as of October 1, 2007. The balances of donated shares and additional paid-in capital as of October 1, 2007 were credited and debited by US$7,955,358 respectively.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;In November 2007, Mr. Xiangqian Li delivered the 1,089,775 shares related to the 2005 performance threshold to BAK International pursuant to the Li Settlement Agreement; BAK International in turn delivered the shares to the Company. Such shares (other than those issued to investors pursuant to the 2008 Settlement Agreements, as described below) are now held by the Company. Upon receipt of these shares, the Company and BAK International released all claims and causes of action against Mr. Xiangqian Li regarding the shares, and Mr. Xiangqian Li released all claims and causes of action against the Company and BAK International regarding the shares. Under the terms of the Li Settlement Agreement, the Company commenced negotiations with the investors who participated in the Company&amp;#8217;s January 2005 private placement in order to achieve a complete settlement of BAK International&amp;#8217;s obligations (and the Company&amp;#8217;s obligations to the extent it has any) under the applicable agreements with such investors.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Beginning on March 13, 2008, the Company has entered into settlement agreements (the &amp;#8220;2008 Settlement Agreements&amp;#8221;) with certain investors in the January 2005 private placement.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Pursuant to the 2008 Settlement Agreements, the Company and the settling investors have agreed, without any admission of liability, to a settlement and mutual release from all claims relating to the January 2005 private placement, including all claims relating to the escrow shares related to the 2005 performance threshold that had been placed into escrow by Mr. Xiangqian Li, as well as all claims, including claims for liquidated damages relating to registration rights granted in connection with the January 2005 private placement. Under the 2008 Settlement Agreement, the Company has made settlement payments to each of the settling investors of the number of shares of the Company&amp;#8217;s common stock equivalent to 50% of the number of the escrow shares related to the 2005 performance threshold these investors had claimed; aggregate settlement payments as of December 31, 2011 amounted to 368,745 shares. Share payments to date have been made in reliance upon the exemptions from registration provided by Section 4(2) and/or other applicable provisions of the Securities Act of 1933, as amended. In accordance with the 2008 Settlement Agreements, the Company filed a registration statement covering the resale of such shares which was declared effective by the SEC on June 26, 2008.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company&amp;#8217;s condensed interim consolidated financial statements have been prepared in accordance with US GAAP.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The interim results of operations are not necessarily indicative of the results to be expected for the fiscal year ending September 30, 2012. The Company&amp;#8217;s consolidated balance sheet as of September 30, 2011 has been taken from the Company&amp;#8217;s audited consolidated balance sheet as of that date. All other financial statements contained herein are unaudited and, in the opinion of management, contain all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of financial position, results of operations and cash flows for the periods presented. The Company&amp;#8217;s accounting policies and certain other disclosure are set forth in the notes to the consolidated financial statements contained in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended September 30, 2011. These condensed interim consolidated financial statements should be read in conjunction with the Company&amp;#8217;s audited consolidated financial statements and notes thereto.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. This basis of accounting differs in certain material respects from that used for the preparation of the books of account of the Company&amp;#8217;s principal subsidiaries, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the PRC, Hong Kong, India, Canada or Germany, the accounting standards used in the places of their domicile. The accompanying condensed interim consolidated financial statements reflect necessary adjustments not recorded in the books of account of the Company&amp;#8217;s subsidiaries to present them in conformity with US GAAP.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company has a working capital deficiency, accumulated deficit from recurring net losses incurred for the current and prior periods and significant short-term debt obligations maturing in less than one year as of December 31, 2011 and for the three months ended December 31, 2011. These factors raise substantial doubts about the Company&amp;#8217;s ability to continue as a going concern. The Company has continued to develop a strategic plan to generate a positive cash flow from operating activities for the fiscal year ending September 30, 2012 and 2013 (the &amp;#8220;FY2012&amp;amp;2013 Turnaround Plan&amp;amp;#8221;). Under the FY2012&amp;amp;2013 Turnaround Plan, the Company will continue to increase the presence in OEM market both domestically and internationally with more aggressive marketing strategies to expand market share while securing the existing customer base. The Company will also continue implementing cost reductions on both manufacturing costs and operating expenses to improve profit margins as well as reduce receivable turnover days through stronger credit controls.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The accompanying condensed interim consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The interim consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty related to the Company&amp;#8217;s ability to continue as a going concern.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;
          &lt;i&gt;Recently Issued Accounting Standards&lt;/i&gt;
        &lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The FASB issued ASU 2011-02, &amp;#8220;Receivables (Topic 310): A Creditor&amp;#8217;s Determination of Whether a Restructuring is a Troubled Debt Restructuring&amp;#8221;. The amendments to Topic 310 clarify the guidance on a creditor&amp;#8217;s evaluation of whether a debtor is experiencing financial difficulties. A creditor should evaluate whether it is probable that the debtor would be in payment default on any of its debts in foreseeable future without the modification. In addition, the amendments to Topic 310 clarify that a creditor is precluded from using the effective interest rate test in the debtor&amp;#8217;s guidance on restructuring of payables (paragraph 470-60-55-10) when evaluating whether a restructuring constitutes a troubled debt restructuring. An entity should disclose the total amount of receivables and the allowance for credit losses as of the end of the period of adoption related to those receivables that are newly considered impaired under Section 310-10-35 for which impairment was previously measured under Subtopic 450-20, Contingencies &amp;#8211; Loss Contingencies. The adoption of ASU 2011-02 has no material impact on the Company&amp;#8217;s financial statements.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;In April 2011, the FASB issued ASU 2011-03, &amp;#8220;Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements&amp;#8221;. The amendments in this ASU update remove from the assessment of effective control (1) the criterion requiring the transferor to have the ability to repurchase or redeem the financial assets on substantially the agreed terms, even in the event of default by the transferee, and (2) the collateral maintance implementation guidance related to that criterion. The guidance in this ASU update is effective for the first interim or annual period beginning on or after December 15, 2011. The guidance should be applied prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Early adoption is not permitted. The Company is currently evaluating the impact of the adoption of ASU 2011-3 on its financial statements.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;In May 2011, the FASB issued ASU 2011-04, &amp;#8220;Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs&amp;#8221;. The FASB and the International Accounting Standard Board (IASB) works together to ensure that fair value has the same meaning in U.S. GAAP and IFRSs and that their respective fair value measurement and disclosure requirements are the same (except for minor differences in wording and style). The Boards concluded that the amendments in this ASU update will improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and IFRSs. The amendments in this ASU update explain how to measure fair value. They do not require additional fair value measurements and are not intended to establish valuation standards or affect valuation practices outside of financial reporting. The amendments in this ASU update are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted. The Company is currently evaluating the impact of the adoption of ASU 2011-04 on its financial statements.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;In June 2011, the FASB issued ASU 2011-05, &amp;#8220;Comprehensive Income (Topic 220): Presentation of Comprehensive Income&amp;#8221;. In this ASU updated, the entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This Update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders&amp;#8217; equity. The amendments in this ASU update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. In December 2011, ASU 2011-12 &amp;#8220;Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05&amp;#8221; was issued. The amendments in this Update supersede certain pending paragraphs in Accounting Standards Update No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income, to effectively defer only those changes in Update 2011-05 that relate to the presentation of reclassification adjustments out of accumulated other comprehensive income. The amendments will be temporary to allow the Board time to redeliberate the presentation requirements for reclassifications out of accumulated other comprehensive income for annual and interim financial statements for public, private, and non-profit entities. The amendments in this ASU update are to be applied retrospectively. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early application by public entities is permitted. The Company is currently evaluating the impact of the adoption of ASU 2011-05 and ASU 2011-12 on its financial statements.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;In December 2011, the FASB issued ASU 2011-11, &amp;#8220;Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (December 2011)&amp;#8221;. This amendment is to provide enhanced disclosures that will enable users of its financial statements to evaluate the effect or potential effect of netting arrangements on an entity&amp;#8217;s financial position. This includes the effect or potential effect of rights of setoff associated with an entity&amp;#8217;s recognized assets and recognized liabilities within the scope of this Update. The amendments require enhanced disclosures by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. The amendments in this ASU update are to be applied retrospectively. This amendments is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Retrospective disclosure required for all comparative periods presented. The Company is currently evaluating the impact of the adoption of ASU 2011-11 on its financial statements.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
  <cbak:PledgedDepositsTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Pledged Deposits&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Pledged deposits as of September 30, 2011 and December 31, 2011 consisted of the following:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Pledged deposits with banks for:&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;Construction payable&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4,170,122&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3,407,616&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;Bills payable&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,555,465&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,575,279&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;5,725,587&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4,982,895&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Deposits pledged for construction payable are generally released when the relevant construction projects are completed.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</cbak:PledgedDepositsTextBlock>
  <us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;3.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Trade Accounts Receivable, net&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Trade accounts receivable as of September 30, 2011 and December 31, 2011 consisted of the following:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Trade accounts receivable&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;104,065,501&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;133,575,522&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Less: Allowance for doubtful accounts&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(26,494,550&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(27,327,488&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;77,570,951&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;106,248,034&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Bills receivable&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;10,690,316&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,993,492&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;88,261,267&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;109,241,526&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;An analysis of the allowance for doubtful accounts for the three months ended December 31, 2010 and 2011 is as follows:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="4" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="27%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;Three months ended December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2010&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Balance at beginning of period&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;23,354,925&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;26,494,550&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Addition of bad debt expense, net&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3,048,943&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;498,325&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Foreign exchange adjustment&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;342,722&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;334,613&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Balance at end of period&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;26,746,590&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;27,327,488&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock>
  <us-gaap:InventoryDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;4.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Inventories, net&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Inventories as of September 30, 2011 and December 31, 2011 consisted of the following:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Raw materials&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;21,294,868&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;19,781,767&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Work-in-progress&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;9,366,491&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;9,783,302&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Finished goods&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;43,605,308&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;32,818,407&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;74,266,667&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;62,383,476&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Provision for obsolete inventories&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(7,125,699&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(6,890,459&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;67,140,968&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;55,493,017&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Part of the Company&amp;#8217;s inventories with carrying value of US$23,495,137 and US$23,788,379 as of September 30, 2011 and December 31, 2011, respectively, was pledged as collateral under certain loan agreements (see Note 7).&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:InventoryDisclosureTextBlock>
  <us-gaap:DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;5.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Prepayments and Other Receivables&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Prepayments and other receivables as of September 30, 2011 and December 31, 2011 consisted of the following:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Prepayments for raw materials and others&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;1,271,520&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;1,709,835&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Other receivables&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;4,665,485&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;6,315,713&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Less: Allowance for doubtful accounts&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(694,587&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(1,263,259&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;5,242,418&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;6,762,289&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;</us-gaap:DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock>
  <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;6.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Property, Plant and Equipment, net&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Property, plant and equipment as of September 30, 2011 and December 31, 2011 consisted of the following:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Buildings&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;127,025,347&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;129,644,128&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Machinery and equipment&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;159,355,671&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;165,826,387&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Office equipment&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,519,208&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,559,988&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Motor vehicles&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,453,456&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,458,619&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;290,353,682&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;299,489,122&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Accumulated depreciation&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(80,673,667&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(86,615,275&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Construction in progress&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;45,305,701&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;41,793,429&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Prepayment for acquisition of property, plant and equipment&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,466,207&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,792,444&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Assets held for abandonment&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;744,356&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;753,646&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Net book value&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;257,196,279&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;257,213,366&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Impairment charge&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(13,958,165&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(16,861,447&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Carried amount&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;243,238,114&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;240,351,919&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(i)&lt;/i&gt;
        &lt;i/&gt;
        &lt;i&gt;Depreciation expense for the three months ended December 31, 2010 and 2011 is included in the condensed interim consolidated statements of operations and comprehensive loss as follows:&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="4" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="27%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;Three months ended December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2010&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cost of revenues&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3,321,155&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3,708,478&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Research and development expenses&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;57,749&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;140,347&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Sales and marketing expenses&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;123,983&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;43,765&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;General and administrative expenses&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;628,642&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;822,382&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4,131,529&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4,714,972&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(ii) Construction in Progress&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Construction in progress mainly comprises capital expenditures for construction of the Company&amp;#8217;s new corporate campus, including offices and factories.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;For the three months ended December 31, 2010 and 2011, the Company capitalized interest of US$117,079 and US$124,854 respectively to the cost of construction in progress.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(iii) Pledged Property, Plant and Equipment&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of September 30, 2011 and December 31, 2011, machinery and equipment with net book value of US$56,376,435 and US$54,341,186 of the Company were pledged as collateral under certain loan arrangements (see Notes 7 and 8).&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(iv) Assets held for abandonment&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Assets held for abandonment as of September 30, 2011 and December 31, 2011 consisted of the following:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Net book value&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;744,356&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;753,646&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Less: impairment charge&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(744,356&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;(753,646&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Carried amount&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;br/&gt;
  &lt;p&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The carried amount as of September 30, 2011 and December 31, 2011 composed of the machinery and equipment relating to steel-case cell production line and certain used assets which have been written down to nil.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(v) Impairment Charge&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;During the course of the Company&amp;#8217;s strategic review of its operations. the Company assessed the recoverability of the carrying value of certain property, plant and equipment which resulted in impairment losses of approximately US$ 2.7 million for the three months period ended December 31, 2011. No impairment charged for the three months period ended December 31, 2010.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
  <us-gaap:ShortTermDebtTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;7.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Short-term Bank Loans&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company obtained several short-term loan facilities from financial institutions in the PRC. These facilities were secured by the Company&amp;#8217;s assets with the following carrying values:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Inventories (Note 4)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;23,495,137&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;23,788,379&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Machinery and equipment, net (Note 6)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;25,333,574&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;25,949,874&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;48,828,711&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="11%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;49,738,253&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of September 30, 2011 and December 31, 2011, the Company had several short-term bank loans with aggregate outstanding balances of US$139,706,153 and US$130,889,802, respectively. The loans were primarily obtained for general working capital, carried interest rates ranging from 5.10% to 7.21% per annum, and had maturity dates ranging from 3 to 12 months. Each loan is guaranteed by Mr. Xiangqian Li, who did not receive any compensation for acting as guarantor.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, the Company had pledged the land use rights certificate in relation to the land on which Shenzhen BAK&amp;#8217;s corporate campus had been constructed for short-term bank loans amounting to US$61,056,838 borrowed from Shenzhen Eastern Branch, Agricultural Bank of China. As of December 31, 2011, the aggregate net book value of the buildings and land use rights in relation to the land use rights certificate was US$127,119,640.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:ShortTermDebtTextBlock>
  <us-gaap:LongTermDebtTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;8.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Long-term Bank Loans&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of September 30, 2011 and December 31, 2011, the Company had long-term bank loans of US$38,470,278 and US$28,085,734, respectively. As of December 31, 2011, US$20,156,274 was borrowed under a four-year long-term loan credit facility from China Development Bank, bearing interest at the benchmark rate of the People&amp;#8217;s Bank of China (&amp;#8220;PBOC&amp;#8221;) for three-year to five-year long-term loans, which is currently 5.94% per annum. This long-term bank loan is repayable on February 28, 2016.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Two other long-term loans totaled an aggregate borrowed amount of US$7,929,460 as of December 31, 2011. These loans were borrowed under a five-year long-term loan credit facility from Shenzhen Eastern Branch, Agricultural Bank of China, and carry interest at 90% of the benchmark rate of the PBOC for three-year to five-year long-term loans. The first loan of US$6,343,568 currently carries interest at 5.184% per annum and is repayable on January 25, 2012. The second loan of US$1,585,892 currently carries annual interest of 5.184% and is repayable on January 25, 2012.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The long-term bank loan with China Development Bank is: (i) guaranteed by Mr. Xiangqian Li; (ii) secured by certain shares of the Company owned by Mr. Xiangqian Li; and (iii) is secured by the property ownership and land use rights certificate relating to the land on which the Company&amp;#8217;s Research and Development Test Centre is to be constructed and the facilities to be constructed thereon. On April 7, 2010, the pledge of the land use rights certificate to China Development Bank was approved by the relevant government bureau. On April 20, 2010, the relevant land use rights certificate was pledged to China Development Bank.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The long-term bank loan with Shenzhen Eastern Branch, Agricultural Bank of China is: (i) guaranteed by Mr. Xiangqian Li; (ii) secured by the Company&amp;#8217;s machinery and equipment with carrying values of US$28,391,312 as of December 31, 2011 (see Note 6); and (iii) secured by the property ownership certificate and land use rights certificate in relation to the land on which Shenzhen BAK&amp;#8217;s corporate campus had been constructed and any machinery and equipment purchased and used in the campus subsequent to such construction.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Mr. Xiangqian Li did not receive any compensation for pledging his shares in the Company or acting as guarantor for the above long-term bank loans.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The aggregate maturities of long-term bank loans as of December 31, 2011 are as follows:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Fiscal years ending on December 31,&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;2012&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;7,929,460&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160; &amp;#160;2013 or after&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;20,156,274&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;28,085,734&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;</us-gaap:LongTermDebtTextBlock>
  <cbak:OtherLongTermLoanTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;9.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Other Long-term Loan&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, the Company obtained interest-free advances of US$2,487,979 from Tianjin Aifuyi Auto Parts. Co. Ltd..&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</cbak:OtherLongTermLoanTextBlock>
  <us-gaap:DeferredRevenueDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;10.&amp;#160;&amp;#160;&amp;#160;&amp;#160; Deferred Revenue&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Deferred revenue represents a government grant of subsidy for additional cost of land use rights relating to BAK Industrial Park, which is amortized on a straight-line basis over the estimated useful lives of the depreciable facilities constructed thereon of 35 years.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:DeferredRevenueDisclosureTextBlock>
  <us-gaap:OtherLiabilitiesDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;11.&amp;#160;&amp;#160;&amp;#160;&amp;#160; Other Long-term Payables&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Other long-term payables as of December 31, 2011 include a government subsidy of approximately US$7,888,000 received for the Company&amp;#8217;s automated high-power lithium battery project from the National Development and Reform Commission and the Ministry of Industry and Information Technology as well as government subsidy of approximately US$3,261,000 received for the Company&amp;#8217;s various research and development projects.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:OtherLiabilitiesDisclosureTextBlock>
  <us-gaap:ShareholdersEquityAndShareBasedPaymentsTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;12.&amp;#160;&amp;#160;&amp;#160; Share-based Compensation&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(i)&lt;/i&gt;
        &lt;i/&gt;
        &lt;i&gt;Options&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company grants share options to officers and employees and restricted shares of common stock to its non-employee directors as rewards for their services.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;Stock Option Plan&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;In May 2005, the Board of Directors adopted the China BAK Battery, Inc. 2005 Stock Option Plan (the &amp;#8220;Plan&amp;#8221;). The Plan originally authorized the issuance of up to 4,000,000 shares of the Company&amp;#8217;s common stock, pursuant to stock options granted under the Plan, or as grants of restricted stock. The exercise price of options granted pursuant to the Plan must be at least equal to the fair market value of the Company&amp;#8217;s common stock at the date of the grant. Fair market value is determined at the discretion of the designated committee on the basis of reported sales prices for the Company&amp;#8217;s common stock over a ten business day period ending on the grant date. The Plan will terminate on May 16, 2055. On July 28, 2008, the Company&amp;#8217;s stockholders approved certain amendments to the Plan, including an amendment increasing the total number of shares available for issuance under the Plan to 8,000,000.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Pursuant to the Plan, the Company granted options to purchase 2,000,000 shares of common stock with an exercise price of US$6.25 per share on May 16, 2005. In accordance with the vesting provisions of the grants, the options became vested and exercisable under the following schedule:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Percentage of&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Initial&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Number of Shares&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Options Issued&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Vesting Date&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;800,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;40%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;July 1, 2007&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="center" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;600,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;30%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;January 1, 2008&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;600,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;30%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;July 1, 2008&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,000,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="29%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;100%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="5%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="29%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Subsequent to the grant date, options to purchase 200,000 shares of common stock were forfeited because the optionees terminated their employment with the Company. In addition, on September 28, 2006, options to purchase a total of 1,400,000 shares of common stock were cancelled pursuant to the Termination and Release Agreements signed on that day.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Pursuant to the Plan, the Company also granted options to purchase 1,501,500 shares of the Company&amp;#8217;s common stock with a weighted-average exercise price of US$3.28 per share on June 25, 2007. In accordance with the vesting provisions of the grants, the options will become vested and exercisable during the period from December 31, 2007 to February 9, 2012 according to each employee&amp;#8217;s respective agreement.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Number of&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average exercise&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;remaining&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Aggregate intrinsic&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;shares&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;price per share&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;contractual term&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;value (1)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of October 1, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;605,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3.28&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercised&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Forfeited&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cancelled&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;605,500&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3.28&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1.5 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercisable as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;605,500&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3.28&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1.0 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;(1) Aggregate intrinsic value represents the value of the Company&amp;#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The weighted-average grant-date fair value of options granted during 2007 was US$2.15 per share. The Company recorded non-cash share-based compensation expense of US$24,884 for the three months ended December 31, 2010, in respect of share options granted on June 25, 2007, which was allocated to cost of revenues, sales and marketing expenses, general and administrative expenses and research and development expenses respectively. No non-cash share-based compensation expense was recorded for the three months ended December 31, 2011.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The fair value of the above option awards granted on June 25, 2007 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" height="15" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected volatility&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" height="15" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" height="15" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;69.44%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" height="15" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" height="15" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected dividends&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" height="15" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" height="15" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Nil&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" height="15" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" height="14" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected life&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" height="14" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" height="14" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;4 - 10 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" height="14" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Risk-free interest rate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5.09%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, there were no unrecognized compensation costs related to non-vested share options.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Pursuant to the Plan, the Company also granted options to purchase 360,000 shares of common stock with an exercise price of US$4.30 per share on January 28, 2008. In accordance with the vesting provisions of the grants, the options will become vested and exercisable during the period from April 28, 2008 to January 28, 2011 according to each employee&amp;#8217;s respective agreement.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Number of&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average exercise&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;remaining&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Aggregate intrinsic&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;shares&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;price per share&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;contractual term&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;value (1)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of October 1, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;360,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4.30&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercised&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Forfeited&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cancelled&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;360,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4.30&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1.1 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercisable as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;360,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4.30&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1.1 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;(1) Aggregate intrinsic value represents the value of the Company&amp;#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The weighted average grant-date fair value of options granted on January 28, 2008 was US$3.59 per share. The Company recorded non-cash share-based compensation expense of US$12,057 for the three months ended December 31, 2010, in respect of share options granted on January 28, 2008, which was allocated to general and administrative expenses and research and development expenses respectively. No non-cash share-based compensation expense was recorded for the three months ended December 31, 2011.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The fair value of the above option awards granted on January 28, 2008 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected volatility&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;120.23%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected dividends&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Nil&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected life&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Risk-free interest rate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.59%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;br/&gt;
  &lt;p&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        As of December 31, 2011, there were no unrecognized compensation costs related to non-vested share options.
        &lt;a name="page_37"/&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On May 29, 2008, the Compensation Committee of the Company&amp;#8217;s Board of Directors recommended and approved the grant of options to purchase 1,080,000 shares of the Company&amp;#8217;s common stock to Mr. Xiangqian Li and options to purchase 170,000 shares to five other employees, with an exercise price of US$4.18 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable during the period from September 30, 2008 to May 29, 2012 according to each employee&amp;#8217;s respective agreement.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;remaining&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Aggregate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Number of&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;exercise price&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;contractual&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;intrinsic&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;shares&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;per share&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;term&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;value (1)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of October 1, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,250,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4.18&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercised&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Forfeited&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cancelled&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,250,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4.18&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1.9 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercisable as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;980,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4.18&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;0.75 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;(1) Aggregate intrinsic value represents the value of the Company&amp;#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The weighted average grant-date fair value of options granted on May 29, 2008 was US$2.36 per share. The Company recorded non-cash share-based compensation expense of US$71,456 and US$6,308 for the three months ended December 31, 2010 and 2011 respectively, in respect of share options granted on May 29, 2008, which was allocated to general and administrative expenses and research and development expenses respectively.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The fair value of the above option awards granted on May 29, 2008 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected volatility&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;59.48%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected dividends&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Nil&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected life&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Risk-free interest rate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;4.01%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;br/&gt;
  &lt;p&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, there were unrecognized compensation costs of US$10,216 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 0.3 years.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On June 22, 2009, the Compensation Committee of the Company&amp;#8217;s Board of Directors recommended and approved the grant of options to purchase 1,928,200 shares of the Company&amp;#8217;s common stock to certain key employees, officers and consultants with an exercise price of US$2.81 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable over five years in twenty equal quarterly installments on the first day of each fiscal quarter beginning on October 1, 2009.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;remaining&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Aggregate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Number of&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;exercise price&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;contractual&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;intrinsic&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;shares&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;per share&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;term&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;value (1)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of October 1, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,643,355&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2.81&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercised&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Forfeited&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cancelled&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,643,355&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2.81&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;4.4 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercisable as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;673,280&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2.81&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;4.4 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;(1) Aggregate intrinsic value represents the value of the Company&amp;#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The weighted average grant-date fair value of options granted on June 22, 2009 was US$2.46 per share. The Company recorded non-cash share-based compensation expense of US$287,740 and US$159,014 for the three months ended December 31, 2010 and 2011, respectively, in respect of share options granted on June 22, 2009, which was allocated to general and administrative expenses and research and development expenses respectively.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The fair value of the above option awards granted on June 22, 2009 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected volatility&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;111.03%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected dividends&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Nil&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected life&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;7 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Risk-free interest rate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.69&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;br/&gt;
  &lt;p&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, there were unrecognized compensation costs of US$682,198 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 1.2 years.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On June 26, 2009, the Compensation Committee of the Company&amp;#8217;s Board of Directors recommended and approved the grant of options to purchase 75,000 shares of the Company&amp;#8217;s common stock to certain key management with an exercise price of US$3.24 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable over five years in twenty equal quarterly installments on the first day of each fiscal quarter beginning on October 1, 2009.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Number of&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average exercise&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;remaining&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Aggregate intrinsic&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;shares&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;price per share&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;contractual term&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;value (1)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of October 1, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;75,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3.24&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercised&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Forfeited&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cancelled&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;75,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3.24&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;4.4 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercisable as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;26,250&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3.24&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;4.4 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;(1) Aggregate intrinsic value represents the value of the Company&amp;#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The weighted average grant-date fair value of options granted on June 26, 2009 was US$2.86 per share. The Company recorded non-cash share-based compensation expense of US$13,814 and US$8,709 for the three months ended December 31, 2010 and 2011, respectively, in respect of share options granted on June 26, 2009, which was allocated to research and development expenses.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The fair value of the above option awards granted on June 26, 2009 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected volatility&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;113.58%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap" style="border-bottom: medium none rgb(0, 0, 0);"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected dividends&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" style="border-bottom: medium none rgb(0, 0, 0);" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: medium none rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Nil&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" style="border-bottom: medium none rgb(0, 0, 0);" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-top-style: none; border-top-width: medium;"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected life&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-top-style: none; border-top-width: medium;" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-top-style: none; border-top-width: medium;" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;7 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-top-style: none; border-top-width: medium;" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Risk-free interest rate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.51%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;br/&gt;
  &lt;p&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, there were unrecognized compensation costs of US$38,847 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 1.0 years.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On April 8, 2010, the Compensation Committee of the Company&amp;#8217;s Board of Directors recommended and approved the grant of options to purchase 100,000 shares of the Company&amp;#8217;s common stock to certain key management with an exercise price of US$2.43 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable in eight equal installments beginning on each quarter after September 30, 2011.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Number of&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average exercise&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;remaining&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Aggregate intrinsic&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;shares&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;price per share&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;contractual term&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;value (1)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of October 1, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;100,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2.43&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercised&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Forfeited&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cancelled&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;100,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2.43&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5.7 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercisable as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;25,000&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2.43&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5.7 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;(1) Aggregate intrinsic value represents the value of the Company&amp;#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The weighted average grant-date fair value of options granted on April 8, 2010 was US$1.41 per share. The Company recorded non-cash share-based compensation expense of US$16,639 and US$10,516 for the three months ended December 31, 2010 and 2011 in respect of share options granted on April 8, 2010 which was allocated to research and development expense.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The fair value of the above option awards granted on April 8, 2010 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected volatility&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;51.79%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected dividends&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Nil&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected life&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;7.5 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Risk-free interest rate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.90%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, there were unrecognized compensation costs of US$33,632 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 1.5 years.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On May 26, 2011, the Compensation Committee of the Company&amp;#8217;s Board of Directors recommended and approved the grant of options to purchase 160,800 shares of the Company&amp;#8217;s common stock to certain key management with an exercise price of US$1.28 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable in twelve equal installments beginning on each quarter after September 30, 2011.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Weighted average&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Number of&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;average exercise&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;remaining&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Aggregate intrinsic&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;shares&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;price per share&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;contractual term&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;value (1)&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of October 1, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;160,800&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;1.28&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercised&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Forfeited&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cancelled&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Outstanding as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;160,800&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;1.28&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5.3 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="13%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Exercisable as of December 31, 2011&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;26,800&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;1.28&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5.3 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;-&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;(1) Aggregate intrinsic value represents the value of the Company&amp;#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The weighted average grant-date fair value of options granted on May 26, 2011 was US$0.65 per share. No non-cash share-based compensation expense was recorded for the three months ended December 31, 2010. The Company recorded non-cash share-based compensation expense of US$16,856 for the three months ended December 31, 2011 in respect of share options granted on May 26, 2011, which was allocated to general and administrative expenses.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The fair value of the above option awards granted on May 26, 2011 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected volatility&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;50.90%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected dividends&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Nil&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Expected life&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;6.0 years&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Risk-free interest rate&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.06%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;br/&gt;
  &lt;p&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, there were unrecognized compensation costs of US$56,412 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 2.4 years.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;&amp;#160;(ii) Restricted Shares&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Pursuant to the Plan, the Compensation Committee of the Company&amp;#8217;s Board of Directors recommended and approved the grant of 500,000 restricted shares to Chief Executive Officer, Mr. Xiangqian Li with a fair value of US$2.81 per share on June 22, 2009. In accordance with the vesting schedule of the grant, the restricted shares will vest in twenty equal quarterly installments on the first day of each fiscal quarter beginning on October 1, 2009.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company recorded non-cash share-based compensation expense of US$91,575 and US$54,074 for the three months ended December 31, 2010 and 2011 respectively in respect of the restricted shares granted on June 22, 2009, which was allocated to general and administrative expenses.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2011, there were unrecognized stock-based compensation costs of US$236,146 associated with these restricted shares granted to Mr. Xiangqian Li. These costs are expected to be recognized over a weighted-average period of 2.0 years.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As the Company itself is an investment holding company which is not expected to generate operating profits to realize the tax benefits arising from its net operating loss carried forward, no income tax benefits were recognized for such stock-based compensation cost under the Stock Option Plan for the three months ended December 31, 2010 and 2011.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:ShareholdersEquityAndShareBasedPaymentsTextBlock>
  <us-gaap:EarningsPerShareTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;13.&amp;#160;&amp;#160;&amp;#160; Net Loss per Share&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The calculation of basic net loss per share is based on the net loss for the three months ended December 31, 2011 attributable to equity shareholders of $1,819,754 (three months ended December 31, 2010: $3,657,792) and the weighted average number of shares of common stock of 63,095,246 issued and outstanding during the three months ended December 31, 2011 (three months ended December 31, 2010: 62,895,001).&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The effects of 4,586,855 shares of stock options, 507,500 shares of restricted stock and 1,447,500 warrants outstanding during the three months ended or as of December 31, 2010 were all anti-dilutive and the effects of 4,143,155 shares of stock options and 300,000 shares of restricted stock during the three months ended or as of December 31, 2011, also were all anti-dilutive. As such, basic and diluted net loss per share for the three months ended December 31, 2010 and 2011 are the same.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:EarningsPerShareTextBlock>
  <us-gaap:FairValueDisclosuresTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;14.&amp;#160;&amp;#160;&amp;#160; Fair Value of Financial Instruments&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Accounting Standards Codification (&amp;#8220;ASC&amp;#8221;) Topic 820 requires the disclosure of the estimated fair value of financial instrument for which fair value was not elected. Except for other long-term loan disclosed as below, the carrying amounts of other financial assets and liabilities approximated their fair value due to short maturities or the applicable interest rates approximating the current market value:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="center" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="3" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;As of September 30, 2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="3" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="46%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;As of December 31, 2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="center" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Carrying amount&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="21%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Fair value&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="21%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Carrying amount&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="21%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Fair value&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="4%"&gt;
        &lt;p align="right"&gt;
          &lt;font style="font-size: 10pt;"&gt;
            &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
          &lt;/font&gt;
        &lt;/p&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2,457,309&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="4%"&gt;
        &lt;p align="right"&gt;
          &lt;font style="font-size: 10pt;"&gt;
            &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
          &lt;/font&gt;
        &lt;/p&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="21%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2,230,726&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="4%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="4%"&gt;
        &lt;p align="right"&gt;
          &lt;font style="font-size: 10pt;"&gt;
            &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
          &lt;/font&gt;
        &lt;/p&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="21%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2,487,979&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="4%"&gt;
        &lt;p align="right"&gt;
          &lt;font style="font-size: 10pt;"&gt;
            &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
          &lt;/font&gt;
        &lt;/p&gt;
      &lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="21%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,295,698&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:FairValueDisclosuresTextBlock>
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;15.&amp;#160;&amp;#160;&amp;#160; Commitments and Contingencies&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(i) Capital Commitments&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of September 30, 2011 and December 31, 2011, the Company had the following contracted capital commitments:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;For construction of buildings&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;7,847,376&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;9,330,965&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;For purchases of equipment&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3,511,966&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3,089,836&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;11,359,342&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;12,420,801&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(ii) Land Use Rights and Property Ownership Certificate&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;According to the relevant PRC laws and regulations, a land use rights certificate, along with government approvals for land planning, project planning and construction, needs to be obtained before construction of a building is commenced. A property ownership certificate shall be granted by the government upon application under the condition that the aforementioned certificate and government approvals have been obtained.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Pursuant to the land use rights certificate relating to the Company&amp;#8217;s Tianjin facility, the Tianjin government had requested that the Company complete the construction of the Tianjin facility before September 30, 2008. As of December 31, 2011, the Company was in the process of negotiating with the relevant government bureau for the extension of the completion date. If the Company fails to obtain the approval for the extension of the completion date from the relevant government bureau, there is a risk that the land use rights certificate relating to the Company&amp;#8217;s Tianjin facility will become invalid. However, management believes that this possibility, while present, is remote.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Pursuant to the land use rights certificate that the Company obtained relating to the Research and Development Test Centre to be constructed in Shenzhen, the Company must complete at least 25% of the construction of the Research and Development Test Centre by September 30, 2008. On November 11, 2008 and May 27, 2009, the Company has signed two supplement agreements with Shenzhen government to increase the dimensions of the Research and Development Test Centre. According to the supplement agreements, the Company is required to complete the construction by May 6, 2011. According to the property ownership and land use rights certificate, such rights may not be pledged without the approval of the relevant government office. The Company is required to pledge its property ownership and land use rights certificate in relation to the Research and Development Test Centre to China Development Bank according to the loan agreement entered into with it. On April 7, 2010, the pledge of the land use rights certificate to China Development Bank was approved by the relevant government bureau. On April 20, 2010, the relevant land use rights certificate was pledged to China Development Bank.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On December 15, 2008, the Company purchased insurance for its manufacturing facilities at BAK Industrial Park in Shenzhen, China. Under the insurance policy entered into with Ping An Property &amp;amp; Casualty Insurance Company of China, Ltd, the insured amount for our manufacturing facilities at BAK Industrial Park is RMB585,373,070 (approximately $85.8 million) for the period from November 26, 2008 to August 25, 2010. On August 20, 2010, the Company purchased the new insurance for its manufacturing facilities at BAK Industrial Park in Shenzhen, China. Under the new insurance policy entered into with Ping An Property &amp;amp; Casualty Insurance Company of China, Ltd, the insured amount for our manufacturing facilities at BAK Industrial Park is RMB550,000,000 (approximately $82.2 million) for the period from August 26, 2010 to March 26, 2012.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;On July 2, 2010, the Company purchased insurance for its manufacturing facilities in Tianjin, China. Under the insurance policy entered into with Ping An Property &amp;amp; Casualty Insurance Company of China, Ltd, the insured amount for our manufacturing facilities in Tianjin is RMB220,991,420 (approximately $33.0 million) for the period from July 2, 2010 to July 2, 2011. As of December 31, 2011, under the insurance policy entered into with Ping An Property &amp;amp; Casualty Insurance Company of China, Ltd, the insured amount for our manufacturing facilities in Tianjin is RMB329,666,477 (approximately $51.6 million) for the period from July 2, 2011 to July 2, 2012.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company is not able to insure its new Research and Development Test Centre to be constructed in Shenzhen, China, until it receives the required property ownership and land use rights certificates. Upon receipt of such certificates, the Company intends to procure such insurance. As discussed above, the Company has obtained the land use rights certificate to the land relating to these facilities. The application for a property ownership certificate is in process with respect to the Company&amp;#8217;s facilities in Shenzhen.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(iii) Guarantees&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;In order to secure the supplies of certain raw materials and equipment and upon the request of suppliers, the Company has given guarantees to certain suppliers which are summarized as follows:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Guaranteed for Shenzhen Tongli Hi-tech Co. Ltd. - a non-related party&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2,349,514&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2,378,838&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Guaranteed for Shanghai Global Children Products Co. Ltd. - a non-related party&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,566,342&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;792,946&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Guaranteed for Tianjin Bike New Energy Research Institute - a non- related party&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;7,831,712&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;7,929,460&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Guaranteed for Shenzhen Yasu Technology Co. Ltd. - a non-related party&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" style="border-bottom-style: solid;" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;9,398,055&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" style="border-bottom-style: solid;" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;9,515,352&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;21,145,623&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;20,616,596&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Management has assessed the fair value of the obligation arising from the above financial guarantees and considered it immaterial to the condensed interim consolidated financial statements. Therefore, no obligations in respect of the above guarantees were recognized as of December 31, 2011.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(iv) Outstanding Discounted Bills and Transferred Bills&amp;#160;&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;From time to time, the Company factors bills receivable to banks and endorses the bank acceptance bills received to its suppliers, vendors or other parties for settlement of its liabilities to these creditors. At the time of the factoring and transfer, all rights and privileges of holding the receivables are transferred to the banks and the creditors. The Company removes the assets from its books and records a corresponding expense for the amount of the discount. The Company remains contingently liable on the amount outstanding in the event the bill issuer defaults.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company&amp;#8217;s outstanding discounted and transferred bills as of September 30, 2011 and December 31, 2011 are summarized as follows:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;September 30,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="12%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Bank acceptance bills&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;2,049,540&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;4,827,214&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <us-gaap:ConcentrationRiskDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;16.&amp;#160;&amp;#160;&amp;#160; Significant Concentrations&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(a) Customers and Credit Concentrations&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company had only one customer that individually comprised 10% or more of net revenue for the three months ended December 31, 2010 and 2011 respectively, as follows:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="10" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="49%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;Three months ended December 31&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2010&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Jiangsu Huatiantong Technology Co. Ltd.&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;7,036,640&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;11%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;6,596,434&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;9%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Shenzhen Fuheqing Co., Ltd.&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;3,097,021&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;10,784,288&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;15%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Total&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;10,133,661&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;16%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;17,380,722&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;24%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;As of December 31, 2010 and 2011, approximately 6% and 8% of gross trade accounts receivable was due from Jiangsu Huatiantong Technology Co., Ltd. respectively, and approximately 5% and 6% of gross trade accounts receivable was due from Shenzhen Fuheqing Co., Ltd. respectively.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;(b) Credit Risk&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash and cash equivalents and pledged deposits. As of September 30, 2011 and December 31, 2011, substantially all of the Company&amp;#8217;s cash and cash equivalents and pledged deposits were held by major financial institutions located in the PRC, which management believes are of high credit quality.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:ConcentrationRiskDisclosureTextBlock>
  <us-gaap:SegmentReportingDisclosureTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;b&gt;17.&amp;#160;&amp;#160;&amp;#160; Segment Information&lt;/b&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company currently engages in the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. During the three months ended December 31, 2011, the Company manufactured five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The Company&amp;#8217;s products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. Net revenues for the three months ended December 31, 2010 and 2011 were as follows:&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;Net revenues by product:&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
  &lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%"&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="10" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="49%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;Three months ended December 31,&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="4" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="23%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2010&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="4" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="23%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
          &lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;%&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Aluminum-case cell&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;30,597,741&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;48.16&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;34,250,788&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;47.73&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Battery pack&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;16,898,310&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;26.60&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;20,838,921&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;29.04&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Cylindrical cells&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;10,470,639&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;16.48&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;12,972,890&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;18.08&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Lithium polymer cells&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3,464,629&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;5.45&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,633,669&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.67&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;High-power lithium battery cells&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,098,900&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.31&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,058,689&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1.48&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;63,530,219&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;100.00&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;71,754,957&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;100.00&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;
        &lt;i&gt;Net revenues by geographic area:&lt;/i&gt;
      &lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;
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    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="10" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="49%"&gt;
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          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;Three months ended December 31,&lt;/i&gt;
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        &lt;/font&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="4" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="23%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2010&lt;/i&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="center" colspan="4" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="23%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;
            &lt;i&gt;2011&lt;/i&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
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    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
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          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160; %&lt;/font&gt;
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      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="10%"&gt;&amp;#160;&lt;/td&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
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      &lt;td&gt;&amp;#160;&lt;/td&gt;
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      &lt;td width="10%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td width="2%"&gt;&amp;#160;&lt;/td&gt;
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      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;PRC Mainland&lt;/font&gt;
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      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
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        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;48,189,095&lt;/font&gt;
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      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;75.86&lt;/font&gt;
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      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;58,773,767&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;81.91&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;PRC Taiwan&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;9,315,786&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;14.66&lt;/font&gt;
        &lt;/font&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;6,521,674&lt;/font&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;9.09&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
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    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;India&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,889,702&lt;/font&gt;
        &lt;/font&gt;
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      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2.98&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,534,635&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.53&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Hong Kong, China&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,791,600&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;4.39&lt;/font&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2,410,783&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;3.36&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;Others&lt;/font&gt;
        &lt;/font&gt;
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      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,344,036&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2.11&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;1,514,098&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;2.11&lt;/font&gt;
        &lt;/font&gt;
      &lt;/td&gt;
      &lt;td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
      &lt;td align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
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      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;63,530,219&lt;/font&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;100.00&lt;/font&gt;
        &lt;/font&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;$&lt;/font&gt;
        &lt;/font&gt;
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      &lt;td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"&gt;
        &lt;font style="font-size: 10pt;"&gt;
          &lt;font style="font-family: times new roman,times,serif;"&gt;&amp;#160;71,754,957&lt;/font&gt;
        &lt;/font&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
      &lt;td align="left" nowrap="nowrap" width="1%"&gt;&amp;#160;&lt;/td&gt;
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      &lt;td align="left" nowrap="nowrap" width="2%"&gt;&amp;#160;&lt;/td&gt;
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  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;Substantially all of the Company&amp;#8217;s long-lived assets are located in the PRC.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:SubsequentEventsTextBlock contextRef="cx_01_October_2011_TO_31_December_2011">&lt;p align="justify"&gt;
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        &lt;b&gt;18.&amp;#160;&amp;#160;&amp;#160; Subsequent Events&lt;/b&gt;
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  &lt;p align="justify"&gt;
    &lt;font style="font-size: 10pt;"&gt;
      &lt;font style="font-family: times new roman,times,serif;"&gt;The Company has evaluated all subsequent events through the date these consolidated financial statements were issued, and determined that there were no subsequent events or transactions that require recognition or disclosures in the consolidated financial statements.&lt;/font&gt;
    &lt;/font&gt;
  &lt;/p&gt;</us-gaap:SubsequentEventsTextBlock>
</xbrl>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>23
<FILENAME>cbak-20111231.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" standalone="yes"?>
<!-- Compliance Xpressware Instance Document http://www.compliancexpressware.com/  -->
<!-- Version: 1.0.0 --><!-- Creation date:14:47:14 GMT-0500 -->
<!-- Copyright (c) Compliance Xpressware, LLP. All Rights Reserved. -->
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      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/BalanceSheet" id="role_BalanceSheet">
        <link:definition>103 - Statement - Condensed interim consolidated balance sheets</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/BalanceSheetParenthetical" id="role_BalanceSheetParenthetical">
        <link:definition>104 - Statement - Condensed interim consolidated balance sheets (Parenthetical)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/IncomeStatement" id="role_IncomeStatement">
        <link:definition>105 - Statement - Condensed interim consolidated statements of operations and comprehensive loss</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/CashFlows" id="role_CashFlows">
        <link:definition>108 - Statement - Condensed interim consolidated statements of cash flows</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/StockholdersEquity" id="role_StockholdersEquity">
        <link:definition>110 - Statement - Condensed interim consolidated statements of shareholders equity</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsBusinessDescriptionAndBasisOfPresentationTextBlock" id="role_NotesToTheFinancialStatementsBusinessDescriptionAndBasisOfPresentationTextBlock">
        <link:definition>116 - Disclosure - Principal Activities, Basis of Presentation and Organization</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsSignificantAccountingPoliciesTextBlock" id="role_NotesToTheFinancialStatementsSignificantAccountingPoliciesTextBlock">
        <link:definition>117 - Disclosure - Summary of Significant Accounting Policies and Practices</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsPledgedDepositsTextBlock" id="role_NotesToTheFinancialStatementsPledgedDepositsTextBlock">
        <link:definition>118 - Disclosure - Pledged Deposits</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsLoansNotesTradeAndOtherReceivablesDisclosureTextBlock" id="role_NotesToTheFinancialStatementsLoansNotesTradeAndOtherReceivablesDisclosureTextBlock">
        <link:definition>119 - Disclosure - Trade Accounts Receivable, net</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsInventoryDisclosureTextBlock" id="role_NotesToTheFinancialStatementsInventoryDisclosureTextBlock">
        <link:definition>120 - Disclosure - Inventories</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsDeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" id="role_NotesToTheFinancialStatementsDeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock">
        <link:definition>121 - Disclosure - Prepayments and Other Receivables</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsIncomeTaxDisclosureTextBlock" id="role_NotesToTheFinancialStatementsIncomeTaxDisclosureTextBlock">
        <link:definition>122 - Disclosure - Income Taxes</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlock" id="role_NotesToTheFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlock">
        <link:definition>123 - Disclosure - Property, Plant and Equipment, net</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsLeasePrepaymentsNetTextBlock" id="role_NotesToTheFinancialStatementsLeasePrepaymentsNetTextBlock">
        <link:definition>124 - Disclosure - Lease Prepayments, Net</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsIntangibleAssetsDisclosureTextBlock" id="role_NotesToTheFinancialStatementsIntangibleAssetsDisclosureTextBlock">
        <link:definition>125 - Disclosure - Intangible Assets, net</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsShortTermDebtTextBlock" id="role_NotesToTheFinancialStatementsShortTermDebtTextBlock">
        <link:definition>126 - Disclosure - Short-term Bank Loans</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsLongTermDebtTextBlock" id="role_NotesToTheFinancialStatementsLongTermDebtTextBlock">
        <link:definition>127 - Disclosure - Long-term Bank Loans</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsAccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" id="role_NotesToTheFinancialStatementsAccountsPayableAndAccruedLiabilitiesDisclosureTextBlock">
        <link:definition>128 - Disclosure - Accrued Expenses and Other Payables</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsOtherLongTermLoanTextBlock" id="role_NotesToTheFinancialStatementsOtherLongTermLoanTextBlock">
        <link:definition>129 - Disclosure - Other Long-Term Loan</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsDeferredRevenueDisclosureTextBlock" id="role_NotesToTheFinancialStatementsDeferredRevenueDisclosureTextBlock">
        <link:definition>130 - Disclosure - Deferred Revenue</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsOtherLiabilitiesDisclosureTextBlock" id="role_NotesToTheFinancialStatementsOtherLiabilitiesDisclosureTextBlock">
        <link:definition>131 - Disclosure - Other Long-term payables</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsStockholdersEquityNoteDisclosureTextBlock" id="role_NotesToTheFinancialStatementsStockholdersEquityNoteDisclosureTextBlock">
        <link:definition>132 - Disclosure - Shareholders Equity</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsShareholdersEquityAndShareBasedPaymentsTextBlock" id="role_NotesToTheFinancialStatementsShareholdersEquityAndShareBasedPaymentsTextBlock">
        <link:definition>133 - Disclosure - Share-based Compensation</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsEarningsPerShareTextBlock" id="role_NotesToTheFinancialStatementsEarningsPerShareTextBlock">
        <link:definition>134 - Disclosure - Net Loss per Share</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsFinanceCostsNetTextBlock" id="role_NotesToTheFinancialStatementsFinanceCostsNetTextBlock">
        <link:definition>135 - Disclosure - Finance Costs, Net</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsPensionAndOtherPostretirementBenefitsDisclosureTextBlock" id="role_NotesToTheFinancialStatementsPensionAndOtherPostretirementBenefitsDisclosureTextBlock">
        <link:definition>136 - Disclosure - Pension and Other Post-retirement Benefits</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsFairValueDisclosuresTextBlock" id="role_NotesToTheFinancialStatementsFairValueDisclosuresTextBlock">
        <link:definition>137 - Disclosure - Fair Value of Financial Instruments</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlock" id="role_NotesToTheFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlock">
        <link:definition>138 - Disclosure - Commitments and Contingencies</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsConcentrationRiskDisclosureTextBlock" id="role_NotesToTheFinancialStatementsConcentrationRiskDisclosureTextBlock">
        <link:definition>139 - Disclosure - Significant Concentrations</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsSegmentReportingDisclosureTextBlock" id="role_NotesToTheFinancialStatementsSegmentReportingDisclosureTextBlock">
        <link:definition>140 - Disclosure - Segment Information</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsStatutoryAccountingPracticesDisclosureTextBlock" id="role_NotesToTheFinancialStatementsStatutoryAccountingPracticesDisclosureTextBlock">
        <link:definition>141 - Disclosure - China BAK Battery, Inc. (Parent Company)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsSubsequentEventsTextBlock" id="role_NotesToTheFinancialStatementsSubsequentEventsTextBlock">
        <link:definition>142 - Disclosure - Subsequent Events</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:linkbaseRef xlink:type="simple" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:href="cbak-20111231_cal.xml" xlink:title="Calculation Links, all"/>
      <link:linkbaseRef xlink:type="simple" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:href="cbak-20111231_def.xml" xlink:title="Definition Links, all"/>
      <link:linkbaseRef xlink:type="simple" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:href="cbak-20111231_lab.xml" xlink:title="Label Links, all"/>
      <link:linkbaseRef xlink:type="simple" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:href="cbak-20111231_pre.xml" xlink:title="Presentation Links, all"/>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xsd:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
  <xsd:import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd"/>
  <xsd:import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd"/>
  <xsd:import namespace="http://fasb.org/us-gaap/2011-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/dei/2011-01-31" schemaLocation="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd"/>
  <xsd:element name="DocumentandEntityInformationAbstract" id="cbak_DocumentandEntityInformationAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="NotesToTheFinancialStatementsAbstract" id="cbak_NotesToTheFinancialStatementsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="DonatedSharesMember" id="cbak_DonatedSharesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="StatutoryreserveMember" id="cbak_StatutoryreserveMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="LeasePrepaymentsNet" id="cbak_LeasePrepaymentsNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="instant" xbrli:balance="debit"/>
  <xsd:element name="DonatedShares" id="cbak_DonatedShares" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="instant" xbrli:balance="credit"/>
  <xsd:element name="RecoveryOfProvisionForObsoleteInventories" id="cbak_RecoveryOfProvisionForObsoleteInventories" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" xbrli:balance="debit"/>
  <xsd:element name="PaymentOfLeasePrepayment" id="cbak_PaymentOfLeasePrepayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" xbrli:balance="credit"/>
  <xsd:element name="CashReceivedDuringTheYearForAbstract" id="cbak_CashReceivedDuringTheYearForAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="BillsReceivableDiscountedToBanks" id="cbak_BillsReceivableDiscountedToBanks" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" xbrli:balance="credit"/>
  <xsd:element name="CashPaidDuringTheYearForAbstract" id="cbak_CashPaidDuringTheYearForAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="IssuanceOfCommonStockToNonEmployeeDirectors" id="cbak_IssuanceOfCommonStockToNonEmployeeDirectors" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" xbrli:balance="credit"/>
  <xsd:element name="IssuanceOfCommonStockToNonEmployeeDirectorsShares" id="cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="AppropriationToStatutoryReserves" id="cbak_AppropriationToStatutoryReserves" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" xbrli:balance="credit"/>
  <xsd:element name="PledgedDepositsTextBlock" id="cbak_PledgedDepositsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="LeasePrepaymentsNetTextBlock" id="cbak_LeasePrepaymentsNetTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="OtherLongTermLoanTextBlock" id="cbak_OtherLongTermLoanTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="FinanceCostsNetTextBlock" id="cbak_FinanceCostsNetTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>24
<FILENAME>cbak-20111231_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" standalone="yes"?>
<!-- Compliance Xpressware Instance Document http://www.compliancexpressware.com/  -->
<!-- Version: 1.0.0 --><!-- Creation date:14:47:14 GMT-0500 -->
<!-- Copyright (c) Compliance Xpressware, LLP. All Rights Reserved. -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink">
  <link:roleRef roleURI="http://www.bak.com.cn/taxonomy/role/DocumentAndEntityInformation" xlink:type="simple" xlink:href="cbak-20111231.xsd#role_DocumentAndEntityInformation"/>
  <link:calculationLink xlink:type="extended" xlink:role="http://www.bak.com.cn/taxonomy/role/DocumentAndEntityInformation"/>
  <link:roleRef roleURI="http://www.bak.com.cn/taxonomy/role/BalanceSheet" xlink:type="simple" xlink:href="cbak-20111231.xsd#role_BalanceSheet"/>
  <link:calculationLink xlink:type="extended" xlink:role="http://www.bak.com.cn/taxonomy/role/BalanceSheet">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="CashAndCashEquivalentsAtCarryingValue" xlink:title="CashAndCashEquivalentsAtCarryingValue"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="AssetsCurrent" xlink:title="AssetsCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="CashAndCashEquivalentsAtCarryingValue" xlink:title="calculation: AssetsCurrent to CashAndCashEquivalentsAtCarryingValue" use="optional" order="3" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepositsAssetsCurrent" xlink:label="DepositsAssetsCurrent" xlink:title="DepositsAssetsCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="DepositsAssetsCurrent" xlink:title="calculation: AssetsCurrent to DepositsAssetsCurrent" use="optional" order="4" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="AccountsReceivableNetCurrent" xlink:title="AccountsReceivableNetCurrent"/>
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<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
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    <link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="StatementLineItems" xlink:to="StatementTable" xlink:title="definition-all: StatementLineItems to StatementTable" use="optional" order="102.2" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" xlink:title="LegalEntityAxis"/>
    <link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="StatementTable" xlink:to="LegalEntityAxis" xlink:title="definition-hypercube: StatementTable to LegalEntityAxis" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" xlink:title="EntityDomain"/>
    <link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" xlink:title="definition-domain: LegalEntityAxis to EntityDomain" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatutoryAccountingPracticesDisclosureTextBlock" xlink:label="StatutoryAccountingPracticesDisclosureTextBlock" xlink:title="StatutoryAccountingPracticesDisclosureTextBlock"/>
    <link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="StatementLineItems" xlink:to="StatutoryAccountingPracticesDisclosureTextBlock" xlink:title="definition-member: StatementLineItems to StatutoryAccountingPracticesDisclosureTextBlock" use="optional" order="26"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsSubsequentEventsTextBlock" xlink:type="simple" xlink:href="cbak-20111231.xsd#role_NotesToTheFinancialStatementsSubsequentEventsTextBlock"/>
  <link:definitionLink xlink:type="extended" xlink:role="http://www.bak.com.cn/taxonomy/role/NotesToTheFinancialStatementsSubsequentEventsTextBlock">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable" xlink:label="StatementTable" xlink:title="StatementTable"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems" xlink:label="StatementLineItems" xlink:title="StatementLineItems"/>
    <link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="StatementLineItems" xlink:to="StatementTable" xlink:title="definition-all: StatementLineItems to StatementTable" use="optional" order="102.2" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" xlink:title="LegalEntityAxis"/>
    <link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="StatementTable" xlink:to="LegalEntityAxis" xlink:title="definition-hypercube: StatementTable to LegalEntityAxis" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" xlink:title="EntityDomain"/>
    <link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" xlink:title="definition-domain: LegalEntityAxis to EntityDomain" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="SubsequentEventsTextBlock" xlink:title="SubsequentEventsTextBlock"/>
    <link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="StatementLineItems" xlink:to="SubsequentEventsTextBlock" xlink:title="definition-member: StatementLineItems to SubsequentEventsTextBlock" use="optional" order="27"/>
  </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>26
<FILENAME>cbak-20111231_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" standalone="yes"?>
<!-- Compliance Xpressware Instance Document http://www.compliancexpressware.com/  -->
<!-- Version: 1.0.0 --><!-- Creation date:14:47:14 GMT-0500 -->
<!-- Copyright (c) Compliance Xpressware, LLP. All Rights Reserved. -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" >
  <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2008-03-31.xsd#negated" roleURI="http://xbrl.us/us-gaap/role/label/negated"/>
  <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2008-03-31.xsd#negatedTotal" roleURI="http://xbrl.us/us-gaap/role/label/negatedTotal"/>
  <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2008-03-31.xsd#negatedPeriodStart" roleURI="http://xbrl.us/us-gaap/role/label/negatedPeriodStart"/>
  <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2008-03-31.xsd#negatedPeriodEnd" roleURI="http://xbrl.us/us-gaap/role/label/negatedPeriodEnd"/>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember" xlink:label="CommonStockMember" xlink:title="CommonStockMember"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockMember" xml:lang="en-US" id="label_us-gaap_CommonStockMember_en-US">Common stock [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockMember" xlink:to="label_us-gaap_CommonStockMember" xlink:title="label: CommonStockMember to label_us-gaap_CommonStockMember" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_DonatedSharesMember" xlink:label="DonatedSharesMember" xlink:title="DonatedSharesMember"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_DonatedSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_DonatedSharesMember" xml:lang="en-US" id="label_cbak_DonatedSharesMember_en-US">Donated shares [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DonatedSharesMember" xlink:to="label_cbak_DonatedSharesMember" xlink:title="label: DonatedSharesMember to label_cbak_DonatedSharesMember" use="optional" order="2"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_DonatedSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_DonatedSharesMember" xml:lang="en-US" id="documentation_cbak_DonatedSharesMember_en-US">Donated shares [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="AdditionalPaidInCapitalMember" xlink:title="AdditionalPaidInCapitalMember"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdditionalPaidInCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AdditionalPaidInCapitalMember" xml:lang="en-US" id="label_us-gaap_AdditionalPaidInCapitalMember_en-US">Additional paid-in capital [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapitalMember" xlink:to="label_us-gaap_AdditionalPaidInCapitalMember" xlink:title="label: AdditionalPaidInCapitalMember to label_us-gaap_AdditionalPaidInCapitalMember" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_StatutoryreserveMember" xlink:label="StatutoryreserveMember" xlink:title="StatutoryreserveMember"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_StatutoryreserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_StatutoryreserveMember" xml:lang="en-US" id="label_cbak_StatutoryreserveMember_en-US">Statutory reserve [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryreserveMember" xlink:to="label_cbak_StatutoryreserveMember" xlink:title="label: StatutoryreserveMember to label_cbak_StatutoryreserveMember" use="optional" order="4"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_StatutoryreserveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_StatutoryreserveMember" xml:lang="en-US" id="documentation_cbak_StatutoryreserveMember_en-US">Statutory reserve [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RetainedEarningsMember" xml:lang="en-US" id="label_us-gaap_RetainedEarningsMember_en-US">Retained Earnings/ (accumulated deficit) [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_us-gaap_RetainedEarningsMember" xlink:title="label: RetainedEarningsMember to label_us-gaap_RetainedEarningsMember" use="optional" order="5"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="AccumulatedOtherComprehensiveIncomeMember" xlink:title="AccumulatedOtherComprehensiveIncomeMember"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeMember_en-US">Accumulated Other Comprehensive Income [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeMember" xlink:to="label_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:title="label: AccumulatedOtherComprehensiveIncomeMember to label_us-gaap_AccumulatedOtherComprehensiveIncomeMember" use="optional" order="6"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="TreasuryStockMember" xlink:title="TreasuryStockMember"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_TreasuryStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_TreasuryStockMember" xml:lang="en-US" id="label_us-gaap_TreasuryStockMember_en-US">Treasury Stock [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryStockMember" xlink:to="label_us-gaap_TreasuryStockMember" xlink:title="label: TreasuryStockMember to label_us-gaap_TreasuryStockMember" use="optional" order="7"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_DocumentandEntityInformationAbstract" xlink:label="DocumentandEntityInformationAbstract" xlink:title="DocumentandEntityInformationAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_DocumentandEntityInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_DocumentandEntityInformationAbstract" xml:lang="en-US" id="label_cbak_DocumentandEntityInformationAbstract_en-US">Document, Entity Information</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentandEntityInformationAbstract" xlink:to="label_cbak_DocumentandEntityInformationAbstract" xlink:title="label: DocumentandEntityInformationAbstract to label_cbak_DocumentandEntityInformationAbstract" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntitiesTable" xlink:label="EntitiesTable" xlink:title="EntitiesTable"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntitiesTable" xml:lang="en-US" id="label_dei_EntitiesTable_en-US">Statement Entities [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesTable" xlink:to="label_dei_EntitiesTable" xlink:title="label: EntitiesTable to label_dei_EntitiesTable" use="optional" order="2"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" xlink:title="LegalEntityAxis"/>
    <link:label xlink:type="resource" xlink:label="label_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_LegalEntityAxis" xml:lang="en-US" id="label_dei_LegalEntityAxis_en-US">Legal Entity [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalEntityAxis" xlink:to="label_dei_LegalEntityAxis" xlink:title="label: LegalEntityAxis to label_dei_LegalEntityAxis" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" xlink:title="EntityDomain"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityDomain" xml:lang="en-US" id="label_dei_EntityDomain_en-US">Entity [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityDomain" xlink:to="label_dei_EntityDomain" xlink:title="label: EntityDomain to label_dei_EntityDomain" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="DocumentInformationLineItems" xlink:title="DocumentInformationLineItems"/>
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentInformationLineItems" xml:lang="en-US" id="label_dei_DocumentInformationLineItems_en-US">Document and Entity Information</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentInformationLineItems" xlink:to="label_dei_DocumentInformationLineItems" xlink:title="label: DocumentInformationLineItems to label_dei_DocumentInformationLineItems" use="optional" order="6"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType"/>
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentType" xml:lang="en-US" id="label_dei_DocumentType_en-US">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="label_dei_DocumentType" xlink:title="label: DocumentType to label_dei_DocumentType" use="optional" order="7"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag"/>
    <link:label xlink:type="resource" xlink:label="label_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_AmendmentFlag" xml:lang="en-US" id="label_dei_AmendmentFlag_en-US">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="label_dei_AmendmentFlag" xlink:title="label: AmendmentFlag to label_dei_AmendmentFlag" use="optional" order="8"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentDescription" xlink:label="AmendmentDescription" xlink:title="AmendmentDescription"/>
    <link:label xlink:type="resource" xlink:label="label_dei_AmendmentDescription" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_AmendmentDescription" xml:lang="en-US" id="label_dei_AmendmentDescription_en-US">Amendment Description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentDescription" xlink:to="label_dei_AmendmentDescription" xlink:title="label: AmendmentDescription to label_dei_AmendmentDescription" use="optional" order="9"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate"/>
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentPeriodEndDate" xml:lang="en-US" id="label_dei_DocumentPeriodEndDate_en-US">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="label_dei_DocumentPeriodEndDate" xlink:title="label: DocumentPeriodEndDate to label_dei_DocumentPeriodEndDate" use="optional" order="10"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol"/>
    <link:label xlink:type="resource" xlink:label="label_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_TradingSymbol" xml:lang="en-US" id="label_dei_TradingSymbol_en-US">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="label_dei_TradingSymbol" xlink:title="label: TradingSymbol to label_dei_TradingSymbol" use="optional" order="11"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityRegistrantName" xml:lang="en-US" id="label_dei_EntityRegistrantName_en-US">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="label_dei_EntityRegistrantName" xlink:title="label: EntityRegistrantName to label_dei_EntityRegistrantName" use="optional" order="12"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityCentralIndexKey" xml:lang="en-US" id="label_dei_EntityCentralIndexKey_en-US">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="label_dei_EntityCentralIndexKey" xlink:title="label: EntityCentralIndexKey to label_dei_EntityCentralIndexKey" use="optional" order="13"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="CurrentFiscalYearEndDate" xlink:title="CurrentFiscalYearEndDate"/>
    <link:label xlink:type="resource" xlink:label="label_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_CurrentFiscalYearEndDate" xml:lang="en-US" id="label_dei_CurrentFiscalYearEndDate_en-US">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFiscalYearEndDate" xlink:to="label_dei_CurrentFiscalYearEndDate" xlink:title="label: CurrentFiscalYearEndDate to label_dei_CurrentFiscalYearEndDate" use="optional" order="14"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityFilerCategory" xlink:label="EntityFilerCategory" xlink:title="EntityFilerCategory"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityFilerCategory" xml:lang="en-US" id="label_dei_EntityFilerCategory_en-US">Entity Filer Category</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="EntityCommonStockSharesOutstanding" xlink:title="EntityCommonStockSharesOutstanding"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityCommonStockSharesOutstanding" xml:lang="en-US" id="label_dei_EntityCommonStockSharesOutstanding_en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCommonStockSharesOutstanding" xlink:to="label_dei_EntityCommonStockSharesOutstanding" xlink:title="label: EntityCommonStockSharesOutstanding to label_dei_EntityCommonStockSharesOutstanding" use="optional" order="16"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="EntityCurrentReportingStatus" xlink:title="EntityCurrentReportingStatus"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityCurrentReportingStatus" xml:lang="en-US" id="label_dei_EntityCurrentReportingStatus_en-US">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCurrentReportingStatus" xlink:to="label_dei_EntityCurrentReportingStatus" xlink:title="label: EntityCurrentReportingStatus to label_dei_EntityCurrentReportingStatus" use="optional" order="17"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="EntityVoluntaryFilers" xlink:title="EntityVoluntaryFilers"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityVoluntaryFilers" xml:lang="en-US" id="label_dei_EntityVoluntaryFilers_en-US">Entity Voluntary Filers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityVoluntaryFilers" xlink:to="label_dei_EntityVoluntaryFilers" xlink:title="label: EntityVoluntaryFilers to label_dei_EntityVoluntaryFilers" use="optional" order="18"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="EntityWellKnownSeasonedIssuer" xlink:title="EntityWellKnownSeasonedIssuer"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityWellKnownSeasonedIssuer" xml:lang="en-US" id="label_dei_EntityWellKnownSeasonedIssuer_en-US">Entity Well Known Seasoned Issuer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityWellKnownSeasonedIssuer" xlink:to="label_dei_EntityWellKnownSeasonedIssuer" xlink:title="label: EntityWellKnownSeasonedIssuer to label_dei_EntityWellKnownSeasonedIssuer" use="optional" order="19"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityPublicFloat" xlink:label="EntityPublicFloat" xlink:title="EntityPublicFloat"/>
    <link:label xlink:type="resource" xlink:label="label_dei_EntityPublicFloat" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_EntityPublicFloat" xml:lang="en-US" id="label_dei_EntityPublicFloat_en-US">Entity Public Float</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityPublicFloat" xlink:to="label_dei_EntityPublicFloat" xlink:title="label: EntityPublicFloat to label_dei_EntityPublicFloat" use="optional" order="20"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus"/>
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentFiscalYearFocus" xml:lang="en-US" id="label_dei_DocumentFiscalYearFocus_en-US">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="label_dei_DocumentFiscalYearFocus" xlink:title="label: DocumentFiscalYearFocus to label_dei_DocumentFiscalYearFocus" use="optional" order="21"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus"/>
    <link:label xlink:type="resource" xlink:label="label_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_dei_DocumentFiscalPeriodFocus" xml:lang="en-US" id="label_dei_DocumentFiscalPeriodFocus_en-US">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="label_dei_DocumentFiscalPeriodFocus" xlink:title="label: DocumentFiscalPeriodFocus to label_dei_DocumentFiscalPeriodFocus" use="optional" order="22"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="StatementOfFinancialPositionAbstract" xlink:title="StatementOfFinancialPositionAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StatementOfFinancialPositionAbstract" xml:lang="en-US" id="label_us-gaap_StatementOfFinancialPositionAbstract_en-US">Statement of Financial Position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfFinancialPositionAbstract" xlink:to="label_us-gaap_StatementOfFinancialPositionAbstract" xlink:title="label: StatementOfFinancialPositionAbstract to label_us-gaap_StatementOfFinancialPositionAbstract" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable" xlink:label="StatementTable" xlink:title="StatementTable"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StatementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StatementTable" xml:lang="en-US" id="label_us-gaap_StatementTable_en-US">Statement [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementTable" xlink:to="label_us-gaap_StatementTable" xlink:title="label: StatementTable to label_us-gaap_StatementTable" use="optional" order="2"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems" xlink:label="StatementLineItems" xlink:title="StatementLineItems"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StatementLineItems" xml:lang="en-US" id="label_us-gaap_StatementLineItems_en-US">Statement [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementLineItems" xlink:to="label_us-gaap_StatementLineItems" xlink:title="label: StatementLineItems to label_us-gaap_StatementLineItems" use="optional" order="5"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetsAbstract" xml:lang="en-US" id="label_us-gaap_AssetsAbstract_en-US">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_us-gaap_AssetsAbstract" xlink:title="label: AssetsAbstract to label_us-gaap_AssetsAbstract" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="AssetsCurrentAbstract" xlink:title="AssetsCurrentAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetsCurrentAbstract" xml:lang="en-US" id="label_us-gaap_AssetsCurrentAbstract_en-US">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrentAbstract" xlink:to="label_us-gaap_AssetsCurrentAbstract" xlink:title="label: AssetsCurrentAbstract to label_us-gaap_AssetsCurrentAbstract" use="optional" order="2"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="CashAndCashEquivalentsAtCarryingValue" xlink:title="CashAndCashEquivalentsAtCarryingValue"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:to="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_us-gaap_CashAndCashEquivalentsAtCarryingValue" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepositsAssetsCurrent" xlink:label="DepositsAssetsCurrent" xlink:title="DepositsAssetsCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DepositsAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DepositsAssetsCurrent" xml:lang="en-US" id="label_us-gaap_DepositsAssetsCurrent_en-US">Pledged deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositsAssetsCurrent" xlink:to="label_us-gaap_DepositsAssetsCurrent" xlink:title="label: DepositsAssetsCurrent to label_us-gaap_DepositsAssetsCurrent" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="AccountsReceivableNetCurrent" xlink:title="AccountsReceivableNetCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AccountsReceivableNetCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AccountsReceivableNetCurrent" xml:lang="en-US" id="label_us-gaap_AccountsReceivableNetCurrent_en-US">Trade accounts receivable, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableNetCurrent" xlink:to="label_us-gaap_AccountsReceivableNetCurrent" xlink:title="label: AccountsReceivableNetCurrent to label_us-gaap_AccountsReceivableNetCurrent" use="optional" order="5"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNet" xlink:label="InventoryNet" xlink:title="InventoryNet"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryNet" xml:lang="en-US" id="label_us-gaap_InventoryNet_en-US">Inventories, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryNet" xlink:to="label_us-gaap_InventoryNet" xlink:title="label: InventoryNet to label_us-gaap_InventoryNet" use="optional" order="6"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="PrepaidExpenseAndOtherAssets" xlink:title="PrepaidExpenseAndOtherAssets"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PrepaidExpenseAndOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PrepaidExpenseAndOtherAssets" xml:lang="en-US" id="label_us-gaap_PrepaidExpenseAndOtherAssets_en-US">Prepayments and other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpenseAndOtherAssets" xlink:to="label_us-gaap_PrepaidExpenseAndOtherAssets" xlink:title="label: PrepaidExpenseAndOtherAssets to label_us-gaap_PrepaidExpenseAndOtherAssets" use="optional" order="7"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetCurrent" xlink:label="DeferredTaxAssetsNetCurrent" xlink:title="DeferredTaxAssetsNetCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsNetCurrent" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetCurrent_en-US">Deferred tax assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsNetCurrent" xlink:to="label_us-gaap_DeferredTaxAssetsNetCurrent" xlink:title="label: DeferredTaxAssetsNetCurrent to label_us-gaap_DeferredTaxAssetsNetCurrent" use="optional" order="8"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="AssetsCurrent" xlink:title="AssetsCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_AssetsCurrent" xml:lang="en-US" id="totalLabel_us-gaap_AssetsCurrent_en-US">Total current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrent" xlink:to="label_us-gaap_AssetsCurrent" xlink:title="label: AssetsCurrent to label_us-gaap_AssetsCurrent" use="optional" order="9"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AssetsCurrent" xml:lang="en-US" id="label_us-gaap_AssetsCurrent_en-US">Total current assets</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="PropertyPlantAndEquipmentNet" xlink:title="PropertyPlantAndEquipmentNet"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PropertyPlantAndEquipmentNet" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentNet_en-US">Property, plant and equipment, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:to="label_us-gaap_PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_us-gaap_PropertyPlantAndEquipmentNet" use="optional" order="10"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_LeasePrepaymentsNet" xlink:label="LeasePrepaymentsNet" xlink:title="LeasePrepaymentsNet"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_LeasePrepaymentsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_LeasePrepaymentsNet" xml:lang="en-US" id="label_cbak_LeasePrepaymentsNet_en-US">Lease prepayments, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeasePrepaymentsNet" xlink:to="label_cbak_LeasePrepaymentsNet" xlink:title="label: LeasePrepaymentsNet to label_cbak_LeasePrepaymentsNet" use="optional" order="11"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_LeasePrepaymentsNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_LeasePrepaymentsNet" xml:lang="en-US" id="documentation_cbak_LeasePrepaymentsNet_en-US">Lease prepayments, net</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="IntangibleAssetsNetExcludingGoodwill" xlink:title="IntangibleAssetsNetExcludingGoodwill"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IntangibleAssetsNetExcludingGoodwill" xml:lang="en-US" id="label_us-gaap_IntangibleAssetsNetExcludingGoodwill_en-US">Intangible assets, net</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:label="DeferredTaxAssetsNetNoncurrent" xlink:title="DeferredTaxAssetsNetNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredTaxAssetsNetNoncurrent" xml:lang="en-US" id="terseLabel_us-gaap_DeferredTaxAssetsNetNoncurrent_en-US">Deferred tax assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsNetNoncurrent" xlink:to="label_us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:title="label: DeferredTaxAssetsNetNoncurrent to label_us-gaap_DeferredTaxAssetsNetNoncurrent" use="optional" order="13"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxAssetsNetNoncurrent" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetNoncurrent_en-US">Deferred tax assets, net (DeferredTaxAssetsNetNoncurrent)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets" xlink:label="Assets" xlink:title="Assets"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_Assets" xml:lang="en-US" id="totalLabel_us-gaap_Assets_en-US">Total assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_us-gaap_Assets" xlink:title="label: Assets to label_us-gaap_Assets" use="optional" order="14"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_Assets" xml:lang="en-US" id="label_us-gaap_Assets_en-US">Total assets</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="LiabilitiesAbstract" xlink:title="LiabilitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LiabilitiesAbstract" xml:lang="en-US" id="label_us-gaap_LiabilitiesAbstract_en-US">Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAbstract" xlink:to="label_us-gaap_LiabilitiesAbstract" xlink:title="label: LiabilitiesAbstract to label_us-gaap_LiabilitiesAbstract" use="optional" order="15"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="LiabilitiesCurrentAbstract" xlink:title="LiabilitiesCurrentAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LiabilitiesCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LiabilitiesCurrentAbstract" xml:lang="en-US" id="label_us-gaap_LiabilitiesCurrentAbstract_en-US">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrentAbstract" xlink:to="label_us-gaap_LiabilitiesCurrentAbstract" xlink:title="label: LiabilitiesCurrentAbstract to label_us-gaap_LiabilitiesCurrentAbstract" use="optional" order="16"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShortTermBankLoansAndNotesPayable" xlink:label="ShortTermBankLoansAndNotesPayable" xlink:title="ShortTermBankLoansAndNotesPayable"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShortTermBankLoansAndNotesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ShortTermBankLoansAndNotesPayable" xml:lang="en-US" id="label_us-gaap_ShortTermBankLoansAndNotesPayable_en-US">Short-term bank loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermBankLoansAndNotesPayable" xlink:to="label_us-gaap_ShortTermBankLoansAndNotesPayable" xlink:title="label: ShortTermBankLoansAndNotesPayable to label_us-gaap_ShortTermBankLoansAndNotesPayable" use="optional" order="17"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LoansPayableToBankCurrent" xlink:label="LoansPayableToBankCurrent" xlink:title="LoansPayableToBankCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LoansPayableToBankCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LoansPayableToBankCurrent" xml:lang="en-US" id="label_us-gaap_LoansPayableToBankCurrent_en-US">Current maturities of long-term bank loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBankCurrent" xlink:to="label_us-gaap_LoansPayableToBankCurrent" xlink:title="label: LoansPayableToBankCurrent to label_us-gaap_LoansPayableToBankCurrent" use="optional" order="18"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="AccountsPayableCurrent" xlink:title="AccountsPayableCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AccountsPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AccountsPayableCurrent" xml:lang="en-US" id="label_us-gaap_AccountsPayableCurrent_en-US">Accounts and bills payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableCurrent" xlink:to="label_us-gaap_AccountsPayableCurrent" xlink:title="label: AccountsPayableCurrent to label_us-gaap_AccountsPayableCurrent" use="optional" order="19"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAccountsPayableAndAccruedLiabilities" xlink:label="OtherAccountsPayableAndAccruedLiabilities" xlink:title="OtherAccountsPayableAndAccruedLiabilities"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherAccountsPayableAndAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherAccountsPayableAndAccruedLiabilities" xml:lang="en-US" id="label_us-gaap_OtherAccountsPayableAndAccruedLiabilities_en-US">Accrued expenses and other payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAccountsPayableAndAccruedLiabilities" xlink:to="label_us-gaap_OtherAccountsPayableAndAccruedLiabilities" xlink:title="label: OtherAccountsPayableAndAccruedLiabilities to label_us-gaap_OtherAccountsPayableAndAccruedLiabilities" use="optional" order="20"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="LiabilitiesCurrent" xlink:title="LiabilitiesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_LiabilitiesCurrent" xml:lang="en-US" id="totalLabel_us-gaap_LiabilitiesCurrent_en-US">Total current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrent" xlink:to="label_us-gaap_LiabilitiesCurrent" xlink:title="label: LiabilitiesCurrent to label_us-gaap_LiabilitiesCurrent" use="optional" order="21"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LiabilitiesCurrent" xml:lang="en-US" id="label_us-gaap_LiabilitiesCurrent_en-US">Total current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermLoansFromBank" xlink:label="LongTermLoansFromBank" xlink:title="LongTermLoansFromBank"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermLoansFromBank" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongTermLoansFromBank" xml:lang="en-US" id="label_us-gaap_LongTermLoansFromBank_en-US">Long-term bank loans, less current maturities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermLoansFromBank" xlink:to="label_us-gaap_LongTermLoansFromBank" xlink:title="label: LongTermLoansFromBank to label_us-gaap_LongTermLoansFromBank" use="optional" order="22"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherLoansPayableLongTerm" xlink:label="OtherLoansPayableLongTerm" xlink:title="OtherLoansPayableLongTerm"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherLoansPayableLongTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherLoansPayableLongTerm" xml:lang="en-US" id="label_us-gaap_OtherLoansPayableLongTerm_en-US">Other long-term loan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLoansPayableLongTerm" xlink:to="label_us-gaap_OtherLoansPayableLongTerm" xlink:title="label: OtherLoansPayableLongTerm to label_us-gaap_OtherLoansPayableLongTerm" use="optional" order="23"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredRevenueNoncurrent" xlink:label="DeferredRevenueNoncurrent" xlink:title="DeferredRevenueNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredRevenueNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredRevenueNoncurrent" xml:lang="en-US" id="label_us-gaap_DeferredRevenueNoncurrent_en-US">Deferred revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueNoncurrent" xlink:to="label_us-gaap_DeferredRevenueNoncurrent" xlink:title="label: DeferredRevenueNoncurrent to label_us-gaap_DeferredRevenueNoncurrent" use="optional" order="24"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherLongTermDebtNoncurrent" xlink:label="OtherLongTermDebtNoncurrent" xlink:title="OtherLongTermDebtNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherLongTermDebtNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherLongTermDebtNoncurrent" xml:lang="en-US" id="label_us-gaap_OtherLongTermDebtNoncurrent_en-US">Other long-term payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongTermDebtNoncurrent" xlink:to="label_us-gaap_OtherLongTermDebtNoncurrent" xlink:title="label: OtherLongTermDebtNoncurrent to label_us-gaap_OtherLongTermDebtNoncurrent" use="optional" order="25"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="DeferredTaxLiabilitiesNoncurrent" xlink:title="DeferredTaxLiabilitiesNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredTaxLiabilitiesNoncurrent" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilitiesNoncurrent_en-US">Deferred tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilitiesNoncurrent" xlink:to="label_us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:title="label: DeferredTaxLiabilitiesNoncurrent to label_us-gaap_DeferredTaxLiabilitiesNoncurrent" use="optional" order="26"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Liabilities" xlink:label="Liabilities" xlink:title="Liabilities"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_Liabilities" xml:lang="en-US" id="totalLabel_us-gaap_Liabilities_en-US">Total liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="label_us-gaap_Liabilities" xlink:title="label: Liabilities to label_us-gaap_Liabilities" use="optional" order="27"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_Liabilities" xml:lang="en-US" id="label_us-gaap_Liabilities_en-US">Total liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="CommitmentsAndContingencies" xlink:title="CommitmentsAndContingencies"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommitmentsAndContingencies" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingencies_en-US">Commitments and contingencies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingencies" xlink:to="label_us-gaap_CommitmentsAndContingencies" xlink:title="label: CommitmentsAndContingencies to label_us-gaap_CommitmentsAndContingencies" use="optional" order="28"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="StockholdersEquityAbstract" xlink:title="StockholdersEquityAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockholdersEquityAbstract" xml:lang="en-US" id="label_us-gaap_StockholdersEquityAbstract_en-US">Shareholders' equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityAbstract" xlink:to="label_us-gaap_StockholdersEquityAbstract" xlink:title="label: StockholdersEquityAbstract to label_us-gaap_StockholdersEquityAbstract" use="optional" order="29"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockValue" xlink:label="CommonStockValue" xlink:title="CommonStockValue"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockValue" xml:lang="en-US" id="label_us-gaap_CommonStockValue_en-US">Common stock US$ 0.001 par value; 100,000,000 authorized; 63,816,276 issued and outstanding as of September 30, 2011 and December 31, 2011</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockValue" xlink:to="label_us-gaap_CommonStockValue" xlink:title="label: CommonStockValue to label_us-gaap_CommonStockValue" use="optional" order="30"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_DonatedShares" xlink:label="DonatedShares" xlink:title="DonatedShares"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_DonatedShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_DonatedShares" xml:lang="en-US" id="label_cbak_DonatedShares_en-US">Donated shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DonatedShares" xlink:to="label_cbak_DonatedShares" xlink:title="label: DonatedShares to label_cbak_DonatedShares" use="optional" order="31"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_DonatedShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_DonatedShares" xml:lang="en-US" id="documentation_cbak_DonatedShares_en-US">Donated shares</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="AdditionalPaidInCapital" xlink:title="AdditionalPaidInCapital"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdditionalPaidInCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AdditionalPaidInCapital" xml:lang="en-US" id="label_us-gaap_AdditionalPaidInCapital_en-US">Additional paid-in capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapital" xlink:to="label_us-gaap_AdditionalPaidInCapital" xlink:title="label: AdditionalPaidInCapital to label_us-gaap_AdditionalPaidInCapital" use="optional" order="32"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xlink:label="StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xlink:title="StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xml:lang="en-US" id="label_us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance_en-US">Statutory reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xlink:to="label_us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" xlink:title="label: StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance to label_us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance" use="optional" order="33"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="RetainedEarningsAccumulatedDeficit" xlink:title="RetainedEarningsAccumulatedDeficit"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RetainedEarningsAccumulatedDeficit" xml:lang="en-US" id="label_us-gaap_RetainedEarningsAccumulatedDeficit_en-US">Accumulated deficit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsAccumulatedDeficit" xlink:to="label_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:title="label: RetainedEarningsAccumulatedDeficit to label_us-gaap_RetainedEarningsAccumulatedDeficit" use="optional" order="34"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:title="AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:title="label: AccumulatedOtherComprehensiveIncomeLossNetOfTax to label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" use="optional" order="35"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityBeforeTreasuryStock" xlink:label="StockholdersEquityBeforeTreasuryStock" xlink:title="StockholdersEquityBeforeTreasuryStock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquityBeforeTreasuryStock" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_StockholdersEquityBeforeTreasuryStock" xml:lang="en-US" id="totalLabel_us-gaap_StockholdersEquityBeforeTreasuryStock_en-US">Shareholder's equity before treasury stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityBeforeTreasuryStock" xlink:to="label_us-gaap_StockholdersEquityBeforeTreasuryStock" xlink:title="label: StockholdersEquityBeforeTreasuryStock to label_us-gaap_StockholdersEquityBeforeTreasuryStock" use="optional" order="36"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquityBeforeTreasuryStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockholdersEquityBeforeTreasuryStock" xml:lang="en-US" id="label_us-gaap_StockholdersEquityBeforeTreasuryStock_en-US">Stockholders' Equity before Treasury Stock</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="TreasuryStockValue" xlink:title="TreasuryStockValue"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_TreasuryStockValue" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_TreasuryStockValue" xml:lang="en-US" id="negated_us-gaap_TreasuryStockValue_en-US">Less: Treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryStockValue" xlink:to="label_us-gaap_TreasuryStockValue" xlink:title="label: TreasuryStockValue to label_us-gaap_TreasuryStockValue" use="optional" order="37"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_TreasuryStockValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_TreasuryStockValue" xml:lang="en-US" id="label_us-gaap_TreasuryStockValue_en-US">Less: Treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="StockholdersEquity" xlink:title="StockholdersEquity"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_StockholdersEquity" xml:lang="en-US" id="totalLabel_us-gaap_StockholdersEquity_en-US">Total shareholders' equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:to="label_us-gaap_StockholdersEquity" xlink:title="label: StockholdersEquity to label_us-gaap_StockholdersEquity" use="optional" order="38"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockholdersEquity" xml:lang="en-US" id="label_us-gaap_StockholdersEquity_en-US">Total shareholders equity</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="LiabilitiesAndStockholdersEquity" xlink:title="LiabilitiesAndStockholdersEquity"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LiabilitiesAndStockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_LiabilitiesAndStockholdersEquity" xml:lang="en-US" id="totalLabel_us-gaap_LiabilitiesAndStockholdersEquity_en-US">Total liabilities and shareholders' equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAndStockholdersEquity" xlink:to="label_us-gaap_LiabilitiesAndStockholdersEquity" xlink:title="label: LiabilitiesAndStockholdersEquity to label_us-gaap_LiabilitiesAndStockholdersEquity" use="optional" order="39"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LiabilitiesAndStockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LiabilitiesAndStockholdersEquity" xml:lang="en-US" id="label_us-gaap_LiabilitiesAndStockholdersEquity_en-US">Total liabilities and shareholders equity</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="CommonStockParOrStatedValuePerShare" xlink:title="CommonStockParOrStatedValuePerShare"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockParOrStatedValuePerShare" xml:lang="en-US" id="label_us-gaap_CommonStockParOrStatedValuePerShare_en-US">Common Stock, Par Value Per Share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockParOrStatedValuePerShare" xlink:to="label_us-gaap_CommonStockParOrStatedValuePerShare" xlink:title="label: CommonStockParOrStatedValuePerShare to label_us-gaap_CommonStockParOrStatedValuePerShare" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="CommonStockSharesAuthorized" xlink:title="CommonStockSharesAuthorized"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockSharesAuthorized" xml:lang="en-US" id="label_us-gaap_CommonStockSharesAuthorized_en-US">Common Stock, Shares Authorized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesAuthorized" xlink:to="label_us-gaap_CommonStockSharesAuthorized" xlink:title="label: CommonStockSharesAuthorized to label_us-gaap_CommonStockSharesAuthorized" use="optional" order="2"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="CommonStockSharesIssued" xlink:title="CommonStockSharesIssued"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockSharesIssued" xml:lang="en-US" id="label_us-gaap_CommonStockSharesIssued_en-US">Common Stock, Shares, Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesIssued" xlink:to="label_us-gaap_CommonStockSharesIssued" xlink:title="label: CommonStockSharesIssued to label_us-gaap_CommonStockSharesIssued" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="CommonStockSharesOutstanding" xlink:title="CommonStockSharesOutstanding"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommonStockSharesOutstanding" xml:lang="en-US" id="label_us-gaap_CommonStockSharesOutstanding_en-US">Common Stock, Shares, Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesOutstanding" xlink:to="label_us-gaap_CommonStockSharesOutstanding" xlink:title="label: CommonStockSharesOutstanding to label_us-gaap_CommonStockSharesOutstanding" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="IncomeStatementAbstract" xlink:title="IncomeStatementAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncomeStatementAbstract" xml:lang="en-US" id="label_us-gaap_IncomeStatementAbstract_en-US">Income Statement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementAbstract" xlink:to="label_us-gaap_IncomeStatementAbstract" xlink:title="label: IncomeStatementAbstract to label_us-gaap_IncomeStatementAbstract" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="SalesRevenueNet" xlink:title="SalesRevenueNet"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SalesRevenueNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SalesRevenueNet" xml:lang="en-US" id="label_us-gaap_SalesRevenueNet_en-US">Net revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesRevenueNet" xlink:to="label_us-gaap_SalesRevenueNet" xlink:title="label: SalesRevenueNet to label_us-gaap_SalesRevenueNet" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfRevenue" xlink:label="CostOfRevenue" xlink:title="CostOfRevenue"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfRevenue" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_CostOfRevenue" xml:lang="en-US" id="negated_us-gaap_CostOfRevenue_en-US">Cost of revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfRevenue" xlink:to="label_us-gaap_CostOfRevenue" xlink:title="label: CostOfRevenue to label_us-gaap_CostOfRevenue" use="optional" order="2"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CostOfRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CostOfRevenue" xml:lang="en-US" id="label_us-gaap_CostOfRevenue_en-US">Cost of revenues</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GrossProfit" xlink:label="GrossProfit" xlink:title="GrossProfit"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_GrossProfit" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_GrossProfit" xml:lang="en-US" id="totalLabel_us-gaap_GrossProfit_en-US">Gross profit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProfit" xlink:to="label_us-gaap_GrossProfit" xlink:title="label: GrossProfit to label_us-gaap_GrossProfit" use="optional" order="3"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_GrossProfit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_GrossProfit" xml:lang="en-US" id="label_us-gaap_GrossProfit_en-US">Gross profit</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" xlink:title="OperatingExpensesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OperatingExpensesAbstract" xml:lang="en-US" id="label_us-gaap_OperatingExpensesAbstract_en-US">Operating expenses:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingExpensesAbstract" xlink:to="label_us-gaap_OperatingExpensesAbstract" xlink:title="label: OperatingExpensesAbstract to label_us-gaap_OperatingExpensesAbstract" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ResearchAndDevelopmentExpense" xlink:label="ResearchAndDevelopmentExpense" xlink:title="ResearchAndDevelopmentExpense"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ResearchAndDevelopmentExpense" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_ResearchAndDevelopmentExpense" xml:lang="en-US" id="negated_us-gaap_ResearchAndDevelopmentExpense_en-US">Research and development expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResearchAndDevelopmentExpense" xlink:to="label_us-gaap_ResearchAndDevelopmentExpense" xlink:title="label: ResearchAndDevelopmentExpense to label_us-gaap_ResearchAndDevelopmentExpense" use="optional" order="5"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ResearchAndDevelopmentExpense" xml:lang="en-US" id="label_us-gaap_ResearchAndDevelopmentExpense_en-US">Research and development expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SellingAndMarketingExpense" xlink:label="SellingAndMarketingExpense" xlink:title="SellingAndMarketingExpense"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SellingAndMarketingExpense" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_SellingAndMarketingExpense" xml:lang="en-US" id="negated_us-gaap_SellingAndMarketingExpense_en-US">Sales and marketing expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingExpense" xlink:to="label_us-gaap_SellingAndMarketingExpense" xlink:title="label: SellingAndMarketingExpense to label_us-gaap_SellingAndMarketingExpense" use="optional" order="6"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SellingAndMarketingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SellingAndMarketingExpense" xml:lang="en-US" id="label_us-gaap_SellingAndMarketingExpense_en-US">Sales and marketing expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="GeneralAndAdministrativeExpense" xlink:title="GeneralAndAdministrativeExpense"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_GeneralAndAdministrativeExpense" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_GeneralAndAdministrativeExpense" xml:lang="en-US" id="negated_us-gaap_GeneralAndAdministrativeExpense_en-US">General and administrative expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:to="label_us-gaap_GeneralAndAdministrativeExpense" xlink:title="label: GeneralAndAdministrativeExpense to label_us-gaap_GeneralAndAdministrativeExpense" use="optional" order="7"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_GeneralAndAdministrativeExpense" xml:lang="en-US" id="label_us-gaap_GeneralAndAdministrativeExpense_en-US">General and administrative expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xlink:label="ImpairmentOfLongLivedAssetsHeldForUse" xlink:title="ImpairmentOfLongLivedAssetsHeldForUse"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xml:lang="en-US" id="negated_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_en-US">Impairment charge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfLongLivedAssetsHeldForUse" xlink:to="label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xlink:title="label: ImpairmentOfLongLivedAssetsHeldForUse to label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" use="optional" order="8"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xml:lang="en-US" id="label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_en-US">Impairment charge</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="OperatingExpenses" xlink:title="OperatingExpenses"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingExpenses" xlink:role="http://xbrl.us/us-gaap/role/label/negatedTotal" xlink:title="label_us-gaap_OperatingExpenses" xml:lang="en-US" id="negatedTotal_us-gaap_OperatingExpenses_en-US">Total operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingExpenses" xlink:to="label_us-gaap_OperatingExpenses" xlink:title="label: OperatingExpenses to label_us-gaap_OperatingExpenses" use="optional" order="9"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OperatingExpenses" xml:lang="en-US" id="label_us-gaap_OperatingExpenses_en-US">Total operating expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="OperatingIncomeLoss" xlink:title="OperatingIncomeLoss"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_OperatingIncomeLoss" xml:lang="en-US" id="totalLabel_us-gaap_OperatingIncomeLoss_en-US">Operating (loss) / income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeLoss" xlink:to="label_us-gaap_OperatingIncomeLoss" xlink:title="label: OperatingIncomeLoss to label_us-gaap_OperatingIncomeLoss" use="optional" order="10"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OperatingIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OperatingIncomeLoss" xml:lang="en-US" id="label_us-gaap_OperatingIncomeLoss_en-US">Operating (loss) / income</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FinancingInterestExpense" xlink:label="FinancingInterestExpense" xlink:title="FinancingInterestExpense"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_FinancingInterestExpense" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_FinancingInterestExpense" xml:lang="en-US" id="negated_us-gaap_FinancingInterestExpense_en-US">Finance costs, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancingInterestExpense" xlink:to="label_us-gaap_FinancingInterestExpense" xlink:title="label: FinancingInterestExpense to label_us-gaap_FinancingInterestExpense" use="optional" order="11"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_FinancingInterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_FinancingInterestExpense" xml:lang="en-US" id="label_us-gaap_FinancingInterestExpense_en-US">Finance costs, net</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RevenueFromGrants" xlink:label="RevenueFromGrants" xlink:title="RevenueFromGrants"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RevenueFromGrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RevenueFromGrants" xml:lang="en-US" id="label_us-gaap_RevenueFromGrants_en-US">Government grant income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromGrants" xlink:to="label_us-gaap_RevenueFromGrants" xlink:title="label: RevenueFromGrants to label_us-gaap_RevenueFromGrants" use="optional" order="12"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="OtherNonoperatingIncomeExpense" xlink:title="OtherNonoperatingIncomeExpense"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherNonoperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherNonoperatingIncomeExpense" xml:lang="en-US" id="label_us-gaap_OtherNonoperatingIncomeExpense_en-US">Other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNonoperatingIncomeExpense" xlink:to="label_us-gaap_OtherNonoperatingIncomeExpense" xlink:title="label: OtherNonoperatingIncomeExpense to label_us-gaap_OtherNonoperatingIncomeExpense" use="optional" order="13"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xml:lang="en-US" id="totalLabel_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_en-US">(Loss) / income before income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:title="label: IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments to label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" use="optional" order="14"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xml:lang="en-US" id="label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_en-US">(Loss) / income before income taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="IncomeTaxExpenseBenefit" xlink:title="IncomeTaxExpenseBenefit"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_IncomeTaxExpenseBenefit" xml:lang="en-US" id="negated_us-gaap_IncomeTaxExpenseBenefit_en-US">Income tax benefits / (expenses)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseBenefit" xlink:to="label_us-gaap_IncomeTaxExpenseBenefit" xlink:title="label: IncomeTaxExpenseBenefit to label_us-gaap_IncomeTaxExpenseBenefit" use="optional" order="15"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncomeTaxExpenseBenefit" xml:lang="en-US" id="label_us-gaap_IncomeTaxExpenseBenefit_en-US">Income tax benefits / (expenses)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="NetIncomeLoss" xlink:title="NetIncomeLoss"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_NetIncomeLoss" xml:lang="en-US" id="totalLabel_us-gaap_NetIncomeLoss_en-US">Net loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLoss" xlink:to="label_us-gaap_NetIncomeLoss" xlink:title="label: NetIncomeLoss to label_us-gaap_NetIncomeLoss" use="optional" order="16"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_NetIncomeLoss" xml:lang="en-US" id="label_us-gaap_NetIncomeLoss_en-US">Net loss</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:title="OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_en-US">Other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:to="label_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:title="label: OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract to label_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" use="optional" order="17"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xlink:label="OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xlink:title="OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent_en-US">- Foreign currency translation adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xlink:to="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xlink:title="label: OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent to label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" use="optional" order="18"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="ComprehensiveIncomeNetOfTax" xlink:title="ComprehensiveIncomeNetOfTax"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_ComprehensiveIncomeNetOfTax" xml:lang="en-US" id="totalLabel_us-gaap_ComprehensiveIncomeNetOfTax_en-US">Comprehensive loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeNetOfTax" xlink:to="label_us-gaap_ComprehensiveIncomeNetOfTax" xlink:title="label: ComprehensiveIncomeNetOfTax to label_us-gaap_ComprehensiveIncomeNetOfTax" use="optional" order="19"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ComprehensiveIncomeNetOfTax" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTax_en-US">Comprehensive loss</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="EarningsPerShareAbstract" xlink:title="EarningsPerShareAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_EarningsPerShareAbstract" xml:lang="en-US" id="label_us-gaap_EarningsPerShareAbstract_en-US">Net loss per share:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareAbstract" xlink:to="label_us-gaap_EarningsPerShareAbstract" xlink:title="label: EarningsPerShareAbstract to label_us-gaap_EarningsPerShareAbstract" use="optional" order="20"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="EarningsPerShareBasic" xlink:title="EarningsPerShareBasic"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_EarningsPerShareBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_EarningsPerShareBasic" xml:lang="en-US" id="label_us-gaap_EarningsPerShareBasic_en-US">- Basic</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareBasic" xlink:to="label_us-gaap_EarningsPerShareBasic" xlink:title="label: EarningsPerShareBasic to label_us-gaap_EarningsPerShareBasic" use="optional" order="21"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="EarningsPerShareDiluted" xlink:title="EarningsPerShareDiluted"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_EarningsPerShareDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_EarningsPerShareDiluted" xml:lang="en-US" id="label_us-gaap_EarningsPerShareDiluted_en-US">- Diluted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareDiluted" xlink:to="label_us-gaap_EarningsPerShareDiluted" xlink:title="label: EarningsPerShareDiluted to label_us-gaap_EarningsPerShareDiluted" use="optional" order="22"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="WeightedAverageNumberOfSharesOutstandingAbstract" xlink:title="WeightedAverageNumberOfSharesOutstandingAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_en-US">Weighted average number of shares of common stock:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="label_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:title="label: WeightedAverageNumberOfSharesOutstandingAbstract to label_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" use="optional" order="23"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="WeightedAverageNumberOfSharesOutstandingBasic" xlink:title="WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xml:lang="en-US" id="terseLabel_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US">- Basic</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:title="label: WeightedAverageNumberOfSharesOutstandingBasic to label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" use="optional" order="24"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US">Basic (WeightedAverageNumberOfSharesOutstandingBasic)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="WeightedAverageNumberOfDilutedSharesOutstanding" xlink:title="WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xml:lang="en-US" id="terseLabel_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US">- Diluted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:title="label: WeightedAverageNumberOfDilutedSharesOutstanding to label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" use="optional" order="25"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US">Diluted (WeightedAverageNumberOfDilutedSharesOutstanding)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="StatementOfCashFlowsAbstract" xlink:title="StatementOfCashFlowsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StatementOfCashFlowsAbstract" xml:lang="en-US" id="label_us-gaap_StatementOfCashFlowsAbstract_en-US">Statement of Cash Flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfCashFlowsAbstract" xlink:to="label_us-gaap_StatementOfCashFlowsAbstract" xlink:title="label: StatementOfCashFlowsAbstract to label_us-gaap_StatementOfCashFlowsAbstract" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_en-US">Cash flow from operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="label_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInOperatingActivitiesAbstract to label_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" use="optional" order="1"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_NetIncomeLoss" xml:lang="en-US" id="terseLabel_us-gaap_NetIncomeLoss_en-US">Net loss</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_en-US">Adjustments to reconcile net loss to net cash provided by operating activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="label_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="label: AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to label_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="DepreciationAndAmortization" xlink:title="DepreciationAndAmortization"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DepreciationAndAmortization" xml:lang="en-US" id="label_us-gaap_DepreciationAndAmortization_en-US">Depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortization" xlink:to="label_us-gaap_DepreciationAndAmortization" xlink:title="label: DepreciationAndAmortization to label_us-gaap_DepreciationAndAmortization" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="ProvisionForDoubtfulAccounts" xlink:title="ProvisionForDoubtfulAccounts"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ProvisionForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ProvisionForDoubtfulAccounts" xml:lang="en-US" id="label_us-gaap_ProvisionForDoubtfulAccounts_en-US">Provision for doubtful debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccounts" xlink:to="label_us-gaap_ProvisionForDoubtfulAccounts" xlink:title="label: ProvisionForDoubtfulAccounts to label_us-gaap_ProvisionForDoubtfulAccounts" use="optional" order="5"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_RecoveryOfProvisionForObsoleteInventories" xlink:label="RecoveryOfProvisionForObsoleteInventories" xlink:title="RecoveryOfProvisionForObsoleteInventories"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_RecoveryOfProvisionForObsoleteInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_RecoveryOfProvisionForObsoleteInventories" xml:lang="en-US" id="label_cbak_RecoveryOfProvisionForObsoleteInventories_en-US">Recovery of provision for obsolete inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryOfProvisionForObsoleteInventories" xlink:to="label_cbak_RecoveryOfProvisionForObsoleteInventories" xlink:title="label: RecoveryOfProvisionForObsoleteInventories to label_cbak_RecoveryOfProvisionForObsoleteInventories" use="optional" order="6"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_RecoveryOfProvisionForObsoleteInventories" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_RecoveryOfProvisionForObsoleteInventories" xml:lang="en-US" id="documentation_cbak_RecoveryOfProvisionForObsoleteInventories_en-US">Recovery of provision for obsolete inventories</link:label>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xml:lang="en-US" id="terseLabel_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_en-US">Impairment charge</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="ShareBasedCompensation" xlink:title="ShareBasedCompensation"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ShareBasedCompensation" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensation_en-US">Share-based compensation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensation" xlink:to="label_us-gaap_ShareBasedCompensation" xlink:title="label: ShareBasedCompensation to label_us-gaap_ShareBasedCompensation" use="optional" order="8"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:label="GainLossOnSaleOfPropertyPlantEquipment" xlink:title="GainLossOnSaleOfPropertyPlantEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xml:lang="en-US" id="negated_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_en-US">Gain on disposal of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSaleOfPropertyPlantEquipment" xlink:to="label_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:title="label: GainLossOnSaleOfPropertyPlantEquipment to label_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" use="optional" order="9"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xml:lang="en-US" id="label_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_en-US">Gain on disposal of property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="DeferredIncomeTaxExpenseBenefit" xlink:title="DeferredIncomeTaxExpenseBenefit"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredIncomeTaxExpenseBenefit" xml:lang="en-US" id="terseLabel_us-gaap_DeferredIncomeTaxExpenseBenefit_en-US">Deferred income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeTaxExpenseBenefit" xlink:to="label_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:title="label: DeferredIncomeTaxExpenseBenefit to label_us-gaap_DeferredIncomeTaxExpenseBenefit" use="optional" order="10"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredIncomeTaxExpenseBenefit" xml:lang="en-US" id="label_us-gaap_DeferredIncomeTaxExpenseBenefit_en-US">Deferred income taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredRevenuePeriodIncreaseDecrease" xlink:label="DeferredRevenuePeriodIncreaseDecrease" xlink:title="DeferredRevenuePeriodIncreaseDecrease"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredRevenuePeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_DeferredRevenuePeriodIncreaseDecrease" xml:lang="en-US" id="terseLabel_us-gaap_DeferredRevenuePeriodIncreaseDecrease_en-US">Deferred revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenuePeriodIncreaseDecrease" xlink:to="label_us-gaap_DeferredRevenuePeriodIncreaseDecrease" xlink:title="label: DeferredRevenuePeriodIncreaseDecrease to label_us-gaap_DeferredRevenuePeriodIncreaseDecrease" use="optional" order="11"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredRevenuePeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredRevenuePeriodIncreaseDecrease" xml:lang="en-US" id="label_us-gaap_DeferredRevenuePeriodIncreaseDecrease_en-US">Deferred revenue (DeferredRevenuePeriodIncreaseDecrease)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:label="ForeignCurrencyTransactionGainLossUnrealized" xlink:title="ForeignCurrencyTransactionGainLossUnrealized"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xml:lang="en-US" id="negated_us-gaap_ForeignCurrencyTransactionGainLossUnrealized_en-US">Exchange (gain) / loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyTransactionGainLossUnrealized" xlink:to="label_us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:title="label: ForeignCurrencyTransactionGainLossUnrealized to label_us-gaap_ForeignCurrencyTransactionGainLossUnrealized" use="optional" order="12"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xml:lang="en-US" id="label_us-gaap_ForeignCurrencyTransactionGainLossUnrealized_en-US">Exchange (gain) / loss</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="IncreaseDecreaseInOperatingCapitalAbstract" xlink:title="IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_en-US">Changes in operating assets and liabilities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="label_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:title="label: IncreaseDecreaseInOperatingCapitalAbstract to label_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" use="optional" order="13"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="IncreaseDecreaseInAccountsReceivable" xlink:title="IncreaseDecreaseInAccountsReceivable"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_IncreaseDecreaseInAccountsReceivable" xml:lang="en-US" id="negated_us-gaap_IncreaseDecreaseInAccountsReceivable_en-US">Trade accounts receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsReceivable" xlink:to="label_us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:title="label: IncreaseDecreaseInAccountsReceivable to label_us-gaap_IncreaseDecreaseInAccountsReceivable" use="optional" order="14"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncreaseDecreaseInAccountsReceivable" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccountsReceivable_en-US">Trade accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="IncreaseDecreaseInInventories" xlink:title="IncreaseDecreaseInInventories"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInInventories" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_IncreaseDecreaseInInventories" xml:lang="en-US" id="negated_us-gaap_IncreaseDecreaseInInventories_en-US">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInventories" xlink:to="label_us-gaap_IncreaseDecreaseInInventories" xlink:title="label: IncreaseDecreaseInInventories to label_us-gaap_IncreaseDecreaseInInventories" use="optional" order="15"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncreaseDecreaseInInventories" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInInventories_en-US">Inventories (IncreaseDecreaseInInventories)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:title="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xml:lang="en-US" id="negated_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_en-US">Prepayments and other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="label_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:title="label: IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets to label_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" use="optional" order="16"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_en-US">Prepayments and other receivables (IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="IncreaseDecreaseInAccountsPayable" xlink:title="IncreaseDecreaseInAccountsPayable"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInAccountsPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_IncreaseDecreaseInAccountsPayable" xml:lang="en-US" id="terseLabel_us-gaap_IncreaseDecreaseInAccountsPayable_en-US">Accounts and bills payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsPayable" xlink:to="label_us-gaap_IncreaseDecreaseInAccountsPayable" xlink:title="label: IncreaseDecreaseInAccountsPayable to label_us-gaap_IncreaseDecreaseInAccountsPayable" use="optional" order="17"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInAccountsPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncreaseDecreaseInAccountsPayable" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccountsPayable_en-US">Accounts and bills payable (IncreaseDecreaseInAccountsPayable)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" xlink:label="IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" xlink:title="IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" xml:lang="en-US" id="terseLabel_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities_en-US">Accrued expenses and other payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" xlink:to="label_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" xlink:title="label: IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities to label_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" use="optional" order="18"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities_en-US">Accrued expenses and other payables (IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="NetCashProvidedByUsedInOperatingActivities" xlink:title="NetCashProvidedByUsedInOperatingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US" id="totalLabel_us-gaap_NetCashProvidedByUsedInOperatingActivities_en-US">Net cash provided by operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivities" xlink:to="label_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:title="label: NetCashProvidedByUsedInOperatingActivities to label_us-gaap_NetCashProvidedByUsedInOperatingActivities" use="optional" order="19"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInOperatingActivities_en-US">Net cash provided by operating activities</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_en-US">Cash flow from investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="label_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInInvestingActivitiesAbstract to label_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" use="optional" order="20"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="PaymentsToAcquirePropertyPlantAndEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xml:lang="en-US" id="negated_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_en-US">Purchases of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquirePropertyPlantAndEquipment to label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" use="optional" order="21"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_en-US">Purchases of property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireIntangibleAssets" xlink:label="PaymentsToAcquireIntangibleAssets" xlink:title="PaymentsToAcquireIntangibleAssets"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PaymentsToAcquireIntangibleAssets" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_PaymentsToAcquireIntangibleAssets" xml:lang="en-US" id="negated_us-gaap_PaymentsToAcquireIntangibleAssets_en-US">Purchases of intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireIntangibleAssets" xlink:to="label_us-gaap_PaymentsToAcquireIntangibleAssets" xlink:title="label: PaymentsToAcquireIntangibleAssets to label_us-gaap_PaymentsToAcquireIntangibleAssets" use="optional" order="22"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PaymentsToAcquireIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PaymentsToAcquireIntangibleAssets" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireIntangibleAssets_en-US">Purchases of intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_PaymentOfLeasePrepayment" xlink:label="PaymentOfLeasePrepayment" xlink:title="PaymentOfLeasePrepayment"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_PaymentOfLeasePrepayment" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_cbak_PaymentOfLeasePrepayment" xml:lang="en-US" id="negated_cbak_PaymentOfLeasePrepayment_en-US">Payment of lease prepayment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentOfLeasePrepayment" xlink:to="label_cbak_PaymentOfLeasePrepayment" xlink:title="label: PaymentOfLeasePrepayment to label_cbak_PaymentOfLeasePrepayment" use="optional" order="23"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_PaymentOfLeasePrepayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_PaymentOfLeasePrepayment" xml:lang="en-US" id="label_cbak_PaymentOfLeasePrepayment_en-US">Payment of lease prepayment</link:label>
    <link:label xlink:type="resource" xlink:label="label_cbak_PaymentOfLeasePrepayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_PaymentOfLeasePrepayment" xml:lang="en-US" id="documentation_cbak_PaymentOfLeasePrepayment_en-US">Payment of lease prepayment</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="ProceedsFromSaleOfPropertyPlantAndEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_en-US">Proceeds from disposal of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="label_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="label: ProceedsFromSaleOfPropertyPlantAndEquipment to label_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" use="optional" order="24"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="NetCashProvidedByUsedInInvestingActivities" xlink:title="NetCashProvidedByUsedInInvestingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US" id="totalLabel_us-gaap_NetCashProvidedByUsedInInvestingActivities_en-US">Net cash used in investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivities" xlink:to="label_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:title="label: NetCashProvidedByUsedInInvestingActivities to label_us-gaap_NetCashProvidedByUsedInInvestingActivities" use="optional" order="25"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInInvestingActivities_en-US">Net cash used in investing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_en-US">Cash flow from financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="label_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInFinancingActivitiesAbstract to label_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" use="optional" order="26"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfDebt" xlink:label="ProceedsFromIssuanceOfDebt" xlink:title="ProceedsFromIssuanceOfDebt"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ProceedsFromIssuanceOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ProceedsFromIssuanceOfDebt" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfDebt_en-US">Proceeds from borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfDebt" xlink:to="label_us-gaap_ProceedsFromIssuanceOfDebt" xlink:title="label: ProceedsFromIssuanceOfDebt to label_us-gaap_ProceedsFromIssuanceOfDebt" use="optional" order="27"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RepaymentsOfDebt" xlink:label="RepaymentsOfDebt" xlink:title="RepaymentsOfDebt"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfDebt" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_RepaymentsOfDebt" xml:lang="en-US" id="negated_us-gaap_RepaymentsOfDebt_en-US">Repayment of borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebt" xlink:to="label_us-gaap_RepaymentsOfDebt" xlink:title="label: RepaymentsOfDebt to label_us-gaap_RepaymentsOfDebt" use="optional" order="28"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_RepaymentsOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_RepaymentsOfDebt" xml:lang="en-US" id="label_us-gaap_RepaymentsOfDebt_en-US">Repayment of borrowings</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInDepositOtherAssets" xlink:label="IncreaseDecreaseInDepositOtherAssets" xlink:title="IncreaseDecreaseInDepositOtherAssets"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInDepositOtherAssets" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:title="label_us-gaap_IncreaseDecreaseInDepositOtherAssets" xml:lang="en-US" id="negated_us-gaap_IncreaseDecreaseInDepositOtherAssets_en-US">(Increase) / decrease in pledged deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDepositOtherAssets" xlink:to="label_us-gaap_IncreaseDecreaseInDepositOtherAssets" xlink:title="label: IncreaseDecreaseInDepositOtherAssets to label_us-gaap_IncreaseDecreaseInDepositOtherAssets" use="optional" order="29"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncreaseDecreaseInDepositOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncreaseDecreaseInDepositOtherAssets" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInDepositOtherAssets_en-US">(Increase) / decrease in pledged deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="ProceedsFromIssuanceOfCommonStock" xlink:title="ProceedsFromIssuanceOfCommonStock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ProceedsFromIssuanceOfCommonStock" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfCommonStock_en-US">Proceeds from issuance of capital stock, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfCommonStock" xlink:to="label_us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:title="label: ProceedsFromIssuanceOfCommonStock to label_us-gaap_ProceedsFromIssuanceOfCommonStock" use="optional" order="30"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="NetCashProvidedByUsedInFinancingActivities" xlink:title="NetCashProvidedByUsedInFinancingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US" id="totalLabel_us-gaap_NetCashProvidedByUsedInFinancingActivities_en-US">Net cash used in financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivities" xlink:to="label_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:title="label: NetCashProvidedByUsedInFinancingActivities to label_us-gaap_NetCashProvidedByUsedInFinancingActivities" use="optional" order="31"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInFinancingActivities_en-US">Net cash (used in) / provided by financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="EffectOfExchangeRateOnCashAndCashEquivalents" xlink:title="EffectOfExchangeRateOnCashAndCashEquivalents"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xml:lang="en-US" id="label_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_en-US">Effect of exchange rate changes on cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateOnCashAndCashEquivalents" xlink:to="label_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:title="label: EffectOfExchangeRateOnCashAndCashEquivalents to label_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" use="optional" order="32"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="CashAndCashEquivalentsPeriodIncreaseDecrease"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US" id="totalLabel_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US">Net increase / (decrease) in cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="label: CashAndCashEquivalentsPeriodIncreaseDecrease to label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" use="optional" order="33"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US">Net increase / (decrease) in cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US" id="periodStartLabel_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Cash and cash equivalents at the beginning of period</link:label>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US" id="periodEndLabel_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Cash and cash equivalents at the end of period</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="SupplementalCashFlowInformationAbstract" xlink:title="SupplementalCashFlowInformationAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SupplementalCashFlowInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SupplementalCashFlowInformationAbstract" xml:lang="en-US" id="label_us-gaap_SupplementalCashFlowInformationAbstract_en-US">Supplemental disclosure of cash flow information:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SupplementalCashFlowInformationAbstract" xlink:to="label_us-gaap_SupplementalCashFlowInformationAbstract" xlink:title="label: SupplementalCashFlowInformationAbstract to label_us-gaap_SupplementalCashFlowInformationAbstract" use="optional" order="36"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_CashReceivedDuringTheYearForAbstract" xlink:label="CashReceivedDuringTheYearForAbstract" xlink:title="CashReceivedDuringTheYearForAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_CashReceivedDuringTheYearForAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_CashReceivedDuringTheYearForAbstract" xml:lang="en-US" id="label_cbak_CashReceivedDuringTheYearForAbstract_en-US">Cash received during the period for:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashReceivedDuringTheYearForAbstract" xlink:to="label_cbak_CashReceivedDuringTheYearForAbstract" xlink:title="label: CashReceivedDuringTheYearForAbstract to label_cbak_CashReceivedDuringTheYearForAbstract" use="optional" order="37"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_BillsReceivableDiscountedToBanks" xlink:label="BillsReceivableDiscountedToBanks" xlink:title="BillsReceivableDiscountedToBanks"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_BillsReceivableDiscountedToBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_BillsReceivableDiscountedToBanks" xml:lang="en-US" id="label_cbak_BillsReceivableDiscountedToBanks_en-US">Bills receivable discounted to banks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BillsReceivableDiscountedToBanks" xlink:to="label_cbak_BillsReceivableDiscountedToBanks" xlink:title="label: BillsReceivableDiscountedToBanks to label_cbak_BillsReceivableDiscountedToBanks" use="optional" order="38"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_BillsReceivableDiscountedToBanks" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_BillsReceivableDiscountedToBanks" xml:lang="en-US" id="documentation_cbak_BillsReceivableDiscountedToBanks_en-US">Bills receivable discounted to banks</link:label>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_CashPaidDuringTheYearForAbstract" xlink:label="CashPaidDuringTheYearForAbstract" xlink:title="CashPaidDuringTheYearForAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_CashPaidDuringTheYearForAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_CashPaidDuringTheYearForAbstract" xml:lang="en-US" id="label_cbak_CashPaidDuringTheYearForAbstract_en-US">Cash paid during the period for:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashPaidDuringTheYearForAbstract" xlink:to="label_cbak_CashPaidDuringTheYearForAbstract" xlink:title="label: CashPaidDuringTheYearForAbstract to label_cbak_CashPaidDuringTheYearForAbstract" use="optional" order="39"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxesPaid" xlink:label="IncomeTaxesPaid" xlink:title="IncomeTaxesPaid"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncomeTaxesPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncomeTaxesPaid" xml:lang="en-US" id="label_us-gaap_IncomeTaxesPaid_en-US">Income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesPaid" xlink:to="label_us-gaap_IncomeTaxesPaid" xlink:title="label: IncomeTaxesPaid to label_us-gaap_IncomeTaxesPaid" use="optional" order="40"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestPaid" xlink:label="InterestPaid" xlink:title="InterestPaid"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InterestPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InterestPaid" xml:lang="en-US" id="label_us-gaap_InterestPaid_en-US">Interest, net of amounts capitalized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaid" xlink:to="label_us-gaap_InterestPaid" xlink:title="label: InterestPaid to label_us-gaap_InterestPaid" use="optional" order="41"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="StatementEquityComponentsAxis" xlink:title="StatementEquityComponentsAxis"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StatementEquityComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StatementEquityComponentsAxis" xml:lang="en-US" id="label_us-gaap_StatementEquityComponentsAxis_en-US">Statement, Equity Components [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementEquityComponentsAxis" xlink:to="label_us-gaap_StatementEquityComponentsAxis" xlink:title="label: StatementEquityComponentsAxis to label_us-gaap_StatementEquityComponentsAxis" use="optional" order="8.1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="EquityComponentDomain" xlink:title="EquityComponentDomain"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_EquityComponentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_EquityComponentDomain" xml:lang="en-US" id="label_us-gaap_EquityComponentDomain_en-US">Statement, Equity Components [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityComponentDomain" xlink:to="label_us-gaap_EquityComponentDomain" xlink:title="label: EquityComponentDomain to label_us-gaap_EquityComponentDomain" use="optional" order="8.1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="StatementOfStockholdersEquityAbstract" xlink:title="StatementOfStockholdersEquityAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StatementOfStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StatementOfStockholdersEquityAbstract" xml:lang="en-US" id="label_us-gaap_StatementOfStockholdersEquityAbstract_en-US">Statement of Stockholders Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfStockholdersEquityAbstract" xlink:to="label_us-gaap_StatementOfStockholdersEquityAbstract" xlink:title="label: StatementOfStockholdersEquityAbstract to label_us-gaap_StatementOfStockholdersEquityAbstract" use="optional" order="1"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_us-gaap_StockholdersEquity" xml:lang="en-US" id="periodStartLabel_us-gaap_StockholdersEquity_en-US">Beginning Balance</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SharesIssued" xlink:label="SharesIssued" xlink:title="SharesIssued"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_us-gaap_SharesIssued" xml:lang="en-US" id="periodStartLabel_us-gaap_SharesIssued_en-US">Beginning Balance (Shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesIssued" xlink:to="label_us-gaap_SharesIssued" xlink:title="label: SharesIssued to label_us-gaap_SharesIssued" use="optional" order="1.1"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SharesIssued" xml:lang="en-US" id="label_us-gaap_SharesIssued_en-US">Beginning Balance (Shares)</link:label>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_ShareBasedCompensation" xml:lang="en-US" id="terseLabel_us-gaap_ShareBasedCompensation_en-US">Share-based compensation for employee stock option awards</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="StockIssuedDuringPeriodValueStockOptionsExercised" xlink:title="StockIssuedDuringPeriodValueStockOptionsExercised"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_en-US">Exercise of stock options awards</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="label_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:title="label: StockIssuedDuringPeriodValueStockOptionsExercised to label_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="StockIssuedDuringPeriodSharesStockOptionsExercised"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_en-US">Exercise of stock options awards (Shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="label_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="label: StockIssuedDuringPeriodSharesStockOptionsExercised to label_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" use="optional" order="3.1"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_IssuanceOfCommonStockToNonEmployeeDirectors" xlink:label="IssuanceOfCommonStockToNonEmployeeDirectors" xlink:title="IssuanceOfCommonStockToNonEmployeeDirectors"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectors" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectors" xml:lang="en-US" id="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectors_en-US">Issuance of common stock to non- employee directors</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuanceOfCommonStockToNonEmployeeDirectors" xlink:to="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectors" xlink:title="label: IssuanceOfCommonStockToNonEmployeeDirectors to label_cbak_IssuanceOfCommonStockToNonEmployeeDirectors" use="optional" order="4"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectors" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectors" xml:lang="en-US" id="documentation_cbak_IssuanceOfCommonStockToNonEmployeeDirectors_en-US">Issuance of common stock to non- employee directors</link:label>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares" xlink:label="IssuanceOfCommonStockToNonEmployeeDirectorsShares" xlink:title="IssuanceOfCommonStockToNonEmployeeDirectorsShares"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares" xml:lang="en-US" id="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares_en-US">Issuance of common stock to non- employee directors (Shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuanceOfCommonStockToNonEmployeeDirectorsShares" xlink:to="label_cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares" xlink:title="label: IssuanceOfCommonStockToNonEmployeeDirectorsShares to label_cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares" use="optional" order="4.1"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_SharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_SharesIssued" xml:lang="en-US" id="label_cbak_SharesIssued_en-US">Shares Issued (Shares)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="StockIssuedDuringPeriodValueNewIssues" xlink:title="StockIssuedDuringPeriodValueNewIssues"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockIssuedDuringPeriodValueNewIssues" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueNewIssues_en-US">Issuance of new common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueNewIssues" xlink:to="label_us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:title="label: StockIssuedDuringPeriodValueNewIssues to label_us-gaap_StockIssuedDuringPeriodValueNewIssues" use="optional" order="5"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="StockIssuedDuringPeriodSharesNewIssues" xlink:title="StockIssuedDuringPeriodSharesNewIssues"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockIssuedDuringPeriodSharesNewIssues" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesNewIssues_en-US">Issuance of new common stock (Shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesNewIssues" xlink:to="label_us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:title="label: StockIssuedDuringPeriodSharesNewIssues to label_us-gaap_StockIssuedDuringPeriodSharesNewIssues" use="optional" order="5.1"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_AppropriationToStatutoryReserves" xlink:label="AppropriationToStatutoryReserves" xlink:title="AppropriationToStatutoryReserves"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_AppropriationToStatutoryReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_AppropriationToStatutoryReserves" xml:lang="en-US" id="label_cbak_AppropriationToStatutoryReserves_en-US">Appropriation to statutory reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AppropriationToStatutoryReserves" xlink:to="label_cbak_AppropriationToStatutoryReserves" xlink:title="label: AppropriationToStatutoryReserves to label_cbak_AppropriationToStatutoryReserves" use="optional" order="6"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_AppropriationToStatutoryReserves" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_AppropriationToStatutoryReserves" xml:lang="en-US" id="documentation_cbak_AppropriationToStatutoryReserves_en-US">Appropriation to statutory reserves</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:label="OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:title="OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xml:lang="en-US" id="terseLabel_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_en-US">Foreign currency translation adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:to="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:title="label: OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease to label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" use="optional" order="7"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_en-US">Foreign currency translation adjustment (OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="StockIssuedDuringPeriodValueShareBasedCompensation" xlink:title="StockIssuedDuringPeriodValueShareBasedCompensation"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_en-US">Issuance of common stock to employees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueShareBasedCompensation" xlink:to="label_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:title="label: StockIssuedDuringPeriodValueShareBasedCompensation to label_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" use="optional" order="8"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:title="StockIssuedDuringPeriodSharesShareBasedCompensation"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_en-US">Issuance of common stock to employees (Shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="label_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:title="label: StockIssuedDuringPeriodSharesShareBasedCompensation to label_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" use="optional" order="8.1"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_us-gaap_NetIncomeLoss" xml:lang="en-US" id="verboseLabel_us-gaap_NetIncomeLoss_en-US">Net loss</link:label>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_us-gaap_StockholdersEquity" xml:lang="en-US" id="periodEndLabel_us-gaap_StockholdersEquity_en-US">Ending Balance</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SharesIssued" xlink:label="SharesIssued_2" xlink:title="SharesIssued_2"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SharesIssued_2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_us-gaap_SharesIssued_2" xml:lang="en-US" id="periodEndLabel_us-gaap_SharesIssued_2_en-US">Ending Balance (Shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesIssued_2" xlink:to="label_us-gaap_SharesIssued_2" xlink:title="label: SharesIssued_2 to label_us-gaap_SharesIssued_2" use="optional" order="10.1"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_NotesToTheFinancialStatementsAbstract" xlink:label="NotesToTheFinancialStatementsAbstract" xlink:title="NotesToTheFinancialStatementsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_NotesToTheFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_NotesToTheFinancialStatementsAbstract" xml:lang="en-US" id="label_cbak_NotesToTheFinancialStatementsAbstract_en-US">Notes to the Financial Statements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesToTheFinancialStatementsAbstract" xlink:to="label_cbak_NotesToTheFinancialStatementsAbstract" xlink:title="label: NotesToTheFinancialStatementsAbstract to label_cbak_NotesToTheFinancialStatementsAbstract" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" xlink:label="BusinessDescriptionAndBasisOfPresentationTextBlock" xlink:title="BusinessDescriptionAndBasisOfPresentationTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" xml:lang="en-US" id="label_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock_en-US">Principal Activities, Basis of Presentation and Organization [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessDescriptionAndBasisOfPresentationTextBlock" xlink:to="label_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" xlink:title="label: BusinessDescriptionAndBasisOfPresentationTextBlock to label_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" use="optional" order="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="SignificantAccountingPoliciesTextBlock" xlink:title="SignificantAccountingPoliciesTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SignificantAccountingPoliciesTextBlock" xml:lang="en-US" id="label_us-gaap_SignificantAccountingPoliciesTextBlock_en-US">Summary of Significant Accounting Policies and Practices [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantAccountingPoliciesTextBlock" xlink:to="label_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:title="label: SignificantAccountingPoliciesTextBlock to label_us-gaap_SignificantAccountingPoliciesTextBlock" use="optional" order="2"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_PledgedDepositsTextBlock" xlink:label="PledgedDepositsTextBlock" xlink:title="PledgedDepositsTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_PledgedDepositsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_PledgedDepositsTextBlock" xml:lang="en-US" id="label_cbak_PledgedDepositsTextBlock_en-US">Pledged Deposits [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PledgedDepositsTextBlock" xlink:to="label_cbak_PledgedDepositsTextBlock" xlink:title="label: PledgedDepositsTextBlock to label_cbak_PledgedDepositsTextBlock" use="optional" order="3"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_PledgedDepositsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_PledgedDepositsTextBlock" xml:lang="en-US" id="documentation_cbak_PledgedDepositsTextBlock_en-US">Pledged Deposits [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:label="LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:title="LoansNotesTradeAndOtherReceivablesDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_en-US">Trade Accounts Receivable, net [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:to="label_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:title="label: LoansNotesTradeAndOtherReceivablesDisclosureTextBlock to label_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryDisclosureTextBlock" xlink:label="InventoryDisclosureTextBlock" xlink:title="InventoryDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_InventoryDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_InventoryDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_InventoryDisclosureTextBlock_en-US">Inventories [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryDisclosureTextBlock" xlink:to="label_us-gaap_InventoryDisclosureTextBlock" xlink:title="label: InventoryDisclosureTextBlock to label_us-gaap_InventoryDisclosureTextBlock" use="optional" order="5"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:label="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:title="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_en-US">Prepayments and Other Receivables [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:to="label_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:title="label: DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock to label_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" use="optional" order="6"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="IncomeTaxDisclosureTextBlock" xlink:title="IncomeTaxDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IncomeTaxDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IncomeTaxDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_IncomeTaxDisclosureTextBlock_en-US">Income Taxes [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxDisclosureTextBlock" xlink:to="label_us-gaap_IncomeTaxDisclosureTextBlock" xlink:title="label: IncomeTaxDisclosureTextBlock to label_us-gaap_IncomeTaxDisclosureTextBlock" use="optional" order="7"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="PropertyPlantAndEquipmentDisclosureTextBlock" xlink:title="PropertyPlantAndEquipmentDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_en-US">Property, Plant and Equipment, net [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentDisclosureTextBlock" xlink:to="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:title="label: PropertyPlantAndEquipmentDisclosureTextBlock to label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" use="optional" order="8"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_LeasePrepaymentsNetTextBlock" xlink:label="LeasePrepaymentsNetTextBlock" xlink:title="LeasePrepaymentsNetTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_LeasePrepaymentsNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_LeasePrepaymentsNetTextBlock" xml:lang="en-US" id="label_cbak_LeasePrepaymentsNetTextBlock_en-US">Lease Prepayments, Net [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeasePrepaymentsNetTextBlock" xlink:to="label_cbak_LeasePrepaymentsNetTextBlock" xlink:title="label: LeasePrepaymentsNetTextBlock to label_cbak_LeasePrepaymentsNetTextBlock" use="optional" order="9"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_LeasePrepaymentsNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_LeasePrepaymentsNetTextBlock" xml:lang="en-US" id="documentation_cbak_LeasePrepaymentsNetTextBlock_en-US">Lease Prepayments, Net [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:label="IntangibleAssetsDisclosureTextBlock" xlink:title="IntangibleAssetsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_IntangibleAssetsDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_IntangibleAssetsDisclosureTextBlock_en-US">Intangible Assets, net [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsDisclosureTextBlock" xlink:to="label_us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:title="label: IntangibleAssetsDisclosureTextBlock to label_us-gaap_IntangibleAssetsDisclosureTextBlock" use="optional" order="10"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShortTermDebtTextBlock" xlink:label="ShortTermDebtTextBlock" xlink:title="ShortTermDebtTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShortTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ShortTermDebtTextBlock" xml:lang="en-US" id="label_us-gaap_ShortTermDebtTextBlock_en-US">Short-term Bank Loans [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermDebtTextBlock" xlink:to="label_us-gaap_ShortTermDebtTextBlock" xlink:title="label: ShortTermDebtTextBlock to label_us-gaap_ShortTermDebtTextBlock" use="optional" order="11"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermDebtTextBlock" xlink:label="LongTermDebtTextBlock" xlink:title="LongTermDebtTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_LongTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_LongTermDebtTextBlock" xml:lang="en-US" id="label_us-gaap_LongTermDebtTextBlock_en-US">Long-term Bank Loans [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtTextBlock" xlink:to="label_us-gaap_LongTermDebtTextBlock" xlink:title="label: LongTermDebtTextBlock to label_us-gaap_LongTermDebtTextBlock" use="optional" order="12"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:label="AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:title="AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_en-US">Accrued Expenses and Other Payables [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:to="label_us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:title="label: AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock to label_us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" use="optional" order="13"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_OtherLongTermLoanTextBlock" xlink:label="OtherLongTermLoanTextBlock" xlink:title="OtherLongTermLoanTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_OtherLongTermLoanTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_OtherLongTermLoanTextBlock" xml:lang="en-US" id="label_cbak_OtherLongTermLoanTextBlock_en-US">Other Long-Term Loan [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongTermLoanTextBlock" xlink:to="label_cbak_OtherLongTermLoanTextBlock" xlink:title="label: OtherLongTermLoanTextBlock to label_cbak_OtherLongTermLoanTextBlock" use="optional" order="14"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_OtherLongTermLoanTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_OtherLongTermLoanTextBlock" xml:lang="en-US" id="documentation_cbak_OtherLongTermLoanTextBlock_en-US">Other Long-Term Loan [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredRevenueDisclosureTextBlock" xlink:label="DeferredRevenueDisclosureTextBlock" xlink:title="DeferredRevenueDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_DeferredRevenueDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_DeferredRevenueDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_DeferredRevenueDisclosureTextBlock_en-US">Deferred Revenue [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueDisclosureTextBlock" xlink:to="label_us-gaap_DeferredRevenueDisclosureTextBlock" xlink:title="label: DeferredRevenueDisclosureTextBlock to label_us-gaap_DeferredRevenueDisclosureTextBlock" use="optional" order="15"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureTextBlock" xlink:label="OtherLiabilitiesDisclosureTextBlock" xlink:title="OtherLiabilitiesDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_OtherLiabilitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_OtherLiabilitiesDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesDisclosureTextBlock_en-US">Other Long-term payables [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesDisclosureTextBlock" xlink:to="label_us-gaap_OtherLiabilitiesDisclosureTextBlock" xlink:title="label: OtherLiabilitiesDisclosureTextBlock to label_us-gaap_OtherLiabilitiesDisclosureTextBlock" use="optional" order="16"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="StockholdersEquityNoteDisclosureTextBlock" xlink:title="StockholdersEquityNoteDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StockholdersEquityNoteDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_StockholdersEquityNoteDisclosureTextBlock_en-US">Shareholders Equity [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityNoteDisclosureTextBlock" xlink:to="label_us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:title="label: StockholdersEquityNoteDisclosureTextBlock to label_us-gaap_StockholdersEquityNoteDisclosureTextBlock" use="optional" order="17"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock" xlink:label="ShareholdersEquityAndShareBasedPaymentsTextBlock" xlink:title="ShareholdersEquityAndShareBasedPaymentsTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock" xml:lang="en-US" id="label_us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock_en-US">Share-based Compensation [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareholdersEquityAndShareBasedPaymentsTextBlock" xlink:to="label_us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock" xlink:title="label: ShareholdersEquityAndShareBasedPaymentsTextBlock to label_us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock" use="optional" order="18"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="EarningsPerShareTextBlock" xlink:title="EarningsPerShareTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_EarningsPerShareTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_EarningsPerShareTextBlock" xml:lang="en-US" id="label_us-gaap_EarningsPerShareTextBlock_en-US">Net Loss per Share [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareTextBlock" xlink:to="label_us-gaap_EarningsPerShareTextBlock" xlink:title="label: EarningsPerShareTextBlock to label_us-gaap_EarningsPerShareTextBlock" use="optional" order="19"/>
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_FinanceCostsNetTextBlock" xlink:label="FinanceCostsNetTextBlock" xlink:title="FinanceCostsNetTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_FinanceCostsNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_cbak_FinanceCostsNetTextBlock" xml:lang="en-US" id="label_cbak_FinanceCostsNetTextBlock_en-US">Finance Costs, Net [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCostsNetTextBlock" xlink:to="label_cbak_FinanceCostsNetTextBlock" xlink:title="label: FinanceCostsNetTextBlock to label_cbak_FinanceCostsNetTextBlock" use="optional" order="20"/>
    <link:label xlink:type="resource" xlink:label="label_cbak_FinanceCostsNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_cbak_FinanceCostsNetTextBlock" xml:lang="en-US" id="documentation_cbak_FinanceCostsNetTextBlock_en-US">Finance Costs, Net [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:title="PensionAndOtherPostretirementBenefitsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_en-US">Pension and Other Post-retirement Benefits [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:to="label_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:title="label: PensionAndOtherPostretirementBenefitsDisclosureTextBlock to label_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" use="optional" order="21"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="FairValueDisclosuresTextBlock" xlink:title="FairValueDisclosuresTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_FairValueDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_FairValueDisclosuresTextBlock" xml:lang="en-US" id="label_us-gaap_FairValueDisclosuresTextBlock_en-US">Fair Value of Financial Instruments [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueDisclosuresTextBlock" xlink:to="label_us-gaap_FairValueDisclosuresTextBlock" xlink:title="label: FairValueDisclosuresTextBlock to label_us-gaap_FairValueDisclosuresTextBlock" use="optional" order="22"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="CommitmentsAndContingenciesDisclosureTextBlock" xlink:title="CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_en-US">Commitments and Contingencies [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="label_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:title="label: CommitmentsAndContingenciesDisclosureTextBlock to label_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" use="optional" order="23"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:label="ConcentrationRiskDisclosureTextBlock" xlink:title="ConcentrationRiskDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_ConcentrationRiskDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskDisclosureTextBlock_en-US">Significant Concentrations [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConcentrationRiskDisclosureTextBlock" xlink:to="label_us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:title="label: ConcentrationRiskDisclosureTextBlock to label_us-gaap_ConcentrationRiskDisclosureTextBlock" use="optional" order="24"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="SegmentReportingDisclosureTextBlock" xlink:title="SegmentReportingDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SegmentReportingDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SegmentReportingDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_SegmentReportingDisclosureTextBlock_en-US">Segment Information [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingDisclosureTextBlock" xlink:to="label_us-gaap_SegmentReportingDisclosureTextBlock" xlink:title="label: SegmentReportingDisclosureTextBlock to label_us-gaap_SegmentReportingDisclosureTextBlock" use="optional" order="25"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatutoryAccountingPracticesDisclosureTextBlock" xlink:label="StatutoryAccountingPracticesDisclosureTextBlock" xlink:title="StatutoryAccountingPracticesDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_StatutoryAccountingPracticesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_StatutoryAccountingPracticesDisclosureTextBlock" xml:lang="en-US" id="label_us-gaap_StatutoryAccountingPracticesDisclosureTextBlock_en-US">China BAK Battery, Inc. (Parent Company) [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryAccountingPracticesDisclosureTextBlock" xlink:to="label_us-gaap_StatutoryAccountingPracticesDisclosureTextBlock" xlink:title="label: StatutoryAccountingPracticesDisclosureTextBlock to label_us-gaap_StatutoryAccountingPracticesDisclosureTextBlock" use="optional" order="26"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="SubsequentEventsTextBlock" xlink:title="SubsequentEventsTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_us-gaap_SubsequentEventsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_us-gaap_SubsequentEventsTextBlock" xml:lang="en-US" id="label_us-gaap_SubsequentEventsTextBlock_en-US">Subsequent Events [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventsTextBlock" xlink:to="label_us-gaap_SubsequentEventsTextBlock" xlink:title="label: SubsequentEventsTextBlock to label_us-gaap_SubsequentEventsTextBlock" use="optional" order="27"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>27
<FILENAME>cbak-20111231_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" standalone="yes"?>
<!-- Compliance Xpressware Instance Document http://www.compliancexpressware.com/  -->
<!-- Version: 1.0.0 --><!-- Creation date:14:47:14 GMT-0500 -->
<!-- Copyright (c) Compliance Xpressware, LLP. All Rights Reserved. -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink">
  <link:roleRef roleURI="http://www.bak.com.cn/taxonomy/role/DocumentAndEntityInformation" xlink:type="simple" xlink:href="cbak-20111231.xsd#role_DocumentAndEntityInformation"/>
  <link:presentationLink xlink:type="extended" xlink:role="http://www.bak.com.cn/taxonomy/role/DocumentAndEntityInformation">
    <link:loc xlink:type="locator" xlink:href="cbak-20111231.xsd#cbak_DocumentandEntityInformationAbstract" xlink:label="DocumentandEntityInformationAbstract" xlink:title="DocumentandEntityInformationAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntitiesTable" xlink:label="EntitiesTable" xlink:title="EntitiesTable"/>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" xlink:title="LegalEntityAxis"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntitiesTable" xlink:to="LegalEntityAxis" xlink:title="presentation: EntitiesTable to LegalEntityAxis" use="optional" order="3"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" xlink:title="EntityDomain"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" xlink:title="presentation: LegalEntityAxis to EntityDomain" use="optional" order="4"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain_2" xlink:title="EntityDomain_2"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="DocumentInformationLineItems" xlink:title="DocumentInformationLineItems"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntitiesTable" xlink:to="DocumentInformationLineItems" xlink:title="presentation: EntitiesTable to DocumentInformationLineItems" use="optional" order="6"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="DocumentType" xlink:title="presentation: DocumentInformationLineItems to DocumentType" use="optional" order="7"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="AmendmentFlag" xlink:title="presentation: DocumentInformationLineItems to AmendmentFlag" use="optional" order="8"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentDescription" xlink:label="AmendmentDescription" xlink:title="AmendmentDescription"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="AmendmentDescription" xlink:title="presentation: DocumentInformationLineItems to AmendmentDescription" use="optional" order="9"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="DocumentPeriodEndDate" xlink:title="presentation: DocumentInformationLineItems to DocumentPeriodEndDate" use="optional" order="10"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="TradingSymbol" xlink:title="presentation: DocumentInformationLineItems to TradingSymbol" use="optional" order="11"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="EntityRegistrantName" xlink:title="presentation: DocumentInformationLineItems to EntityRegistrantName" use="optional" order="12"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="EntityCentralIndexKey" xlink:title="presentation: DocumentInformationLineItems to EntityCentralIndexKey" use="optional" order="13"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="CurrentFiscalYearEndDate" xlink:title="CurrentFiscalYearEndDate"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="CurrentFiscalYearEndDate" xlink:title="presentation: DocumentInformationLineItems to CurrentFiscalYearEndDate" use="optional" order="14"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityFilerCategory" xlink:label="EntityFilerCategory" xlink:title="EntityFilerCategory"/>
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationLineItems" xlink:to="EntityFilerCategory" xlink:title="presentation: DocumentInformationLineItems to EntityFilerCategory" use="optional" order="15"/>
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<DOCUMENT>
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<SEQUENCE>30
<FILENAME>0001204459-12-000242-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E6C">
      <tr>
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          <div style="width: 200px;"><strong>Trade Accounts Receivable, net<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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            <i>September 30,</i>
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            <i>December 31,</i>
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            <i>2011</i>
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      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
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          <font style="font-family: times new roman,times,serif;">Trade accounts receivable</font>
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          <font style="font-family: times new roman,times,serif;">&#160;104,065,501</font>
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          <font style="font-family: times new roman,times,serif;">&#160;133,575,522</font>
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          <font style="font-family: times new roman,times,serif;">Less: Allowance for doubtful accounts</font>
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          <font style="font-family: times new roman,times,serif;">(26,494,550</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5066-111524<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 7<br><br> -Article 9<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Statement of Position (SOP)<br><br> -Number 01-6<br><br> -Paragraph 13<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5162-111524<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 3, 4<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(k))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.3,4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 4<br><br> -Section 08<br><br> -Paragraph k<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5074-111524<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E6C">
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          <div style="width: 200px;"><strong>Pledged Deposits<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <b>2.&#160;&#160;&#160;&#160;&#160; Pledged Deposits</b>
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            <i>September 30,</i>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="12%">&#160;</td>
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          <font style="font-family: times new roman,times,serif;">&#160;4,170,122</font>
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          <font style="font-family: times new roman,times,serif;">&#160;3,407,616</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160; &#160; &#160; &#160; &#160; &#160; &#160;Bills payable</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">1,555,465</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">1,575,279</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td width="5%">&#160;</td>
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;5,725,587</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;4,982,895</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Deposits pledged for construction payable are generally released when the relevant construction projects are completed.</font>
    </font>
  </p><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_PledgedDepositsTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Pledged Deposits [Text Block]</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_PledgedDepositsTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>cbak_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EQWAG">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Condensed interim consolidated balance sheets (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Sep. 30, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current assets</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump">$ 5,874,778<span></span></td>
        <td class="nump">$ 24,858,239<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepositsAssetsCurrent', window );">Pledged deposits</a></td>
        <td class="nump">4,982,895<span></span></td>
        <td class="nump">5,725,587<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Trade accounts receivable, net</a></td>
        <td class="nump">109,241,526<span></span></td>
        <td class="nump">88,261,267<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventories, net</a></td>
        <td class="nump">55,493,017<span></span></td>
        <td class="nump">67,140,968<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssets', window );">Prepayments and other receivables</a></td>
        <td class="nump">6,762,289<span></span></td>
        <td class="nump">5,242,418<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetCurrent', window );">Deferred tax assets, net</a></td>
        <td class="nump">3,987,419<span></span></td>
        <td class="nump">6,000,450<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
        <td class="nump">186,341,924<span></span></td>
        <td class="nump">197,228,929<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property, plant and equipment, net</a></td>
        <td class="nump">240,351,919<span></span></td>
        <td class="nump">243,238,114<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_LeasePrepaymentsNet', window );">Lease prepayments, net</a></td>
        <td class="nump">32,883,679<span></span></td>
        <td class="nump">32,730,707<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net</a></td>
        <td class="nump">738,223<span></span></td>
        <td class="nump">295,136<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetNoncurrent', window );">Deferred tax assets, net</a></td>
        <td class="nump">1,731,500<span></span></td>
        <td class="nump">1,749,045<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
        <td class="nump">462,047,245<span></span></td>
        <td class="nump">475,241,931<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBankLoansAndNotesPayable', window );">Short-term bank loans</a></td>
        <td class="nump">130,889,802<span></span></td>
        <td class="nump">139,706,153<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansPayableToBankCurrent', window );">Current maturities of long-term bank loans</a></td>
        <td class="nump">7,929,460<span></span></td>
        <td class="nump">23,495,136<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts and bills payable</a></td>
        <td class="nump">119,801,246<span></span></td>
        <td class="nump">118,423,415<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAccountsPayableAndAccruedLiabilities', window );">Accrued expenses and other payables</a></td>
        <td class="nump">25,890,005<span></span></td>
        <td class="nump">20,975,742<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
        <td class="nump">284,510,513<span></span></td>
        <td class="nump">302,600,446<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermLoansFromBank', window );">Long-term bank loans, less current maturities</a></td>
        <td class="nump">20,156,274<span></span></td>
        <td class="nump">14,975,142<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLoansPayableLongTerm', window );">Other long-term loan</a></td>
        <td class="nump">2,487,979<span></span></td>
        <td class="nump">2,457,309<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenueNoncurrent', window );">Deferred revenue</a></td>
        <td class="nump">7,485,410<span></span></td>
        <td class="nump">7,455,790<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLongTermDebtNoncurrent', window );">Other long-term payables</a></td>
        <td class="nump">11,149,422<span></span></td>
        <td class="nump">11,731,738<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Deferred tax liabilities</a></td>
        <td class="nump">756,997<span></span></td>
        <td class="nump">747,666<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
        <td class="nump">326,546,595<span></span></td>
        <td class="nump">339,968,091<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Shareholders' equity</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock US$ 0.001 par value; 100,000,000 authorized; 63,816,276 issued and outstanding as of September 30, 2011 and December 31, 2011</a></td>
        <td class="nump">63,817<span></span></td>
        <td class="nump">63,817<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_DonatedShares', window );">Donated shares</a></td>
        <td class="nump">14,101,689<span></span></td>
        <td class="nump">14,101,689<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Additional paid-in capital</a></td>
        <td class="nump">126,390,949<span></span></td>
        <td class="nump">126,135,472<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance', window );">Statutory reserves</a></td>
        <td class="nump">7,786,157<span></span></td>
        <td class="nump">7,645,303<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Accumulated deficit</a></td>
        <td class="num">(46,370,848)<span></span></td>
        <td class="num">(44,410,240)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income</a></td>
        <td class="nump">37,595,496<span></span></td>
        <td class="nump">35,804,409<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityBeforeTreasuryStock', window );">Shareholder's equity before treasury stock</a></td>
        <td class="nump">139,567,260<span></span></td>
        <td class="nump">139,340,450<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Less: Treasury shares</a></td>
        <td class="num">(4,066,610)<span></span></td>
        <td class="num">(4,066,610)<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total shareholders' equity</a></td>
        <td class="nump">135,500,650<span></span></td>
        <td class="nump">135,273,840<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and shareholders' equity</a></td>
        <td class="nump">$ 462,047,245<span></span></td>
        <td class="nump">$ 475,241,931<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_DonatedShares">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Donated shares</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_DonatedShares</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>cbak_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_LeasePrepaymentsNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Lease prepayments, net</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_LeasePrepaymentsNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>cbak_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsPayableCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph a(1)<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 4<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3-4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsReceivableNetCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e653-108580<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 130<br><br><br><br> -Paragraph 14, 17, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name FASB Staff Position (FSP)<br><br><br><br> -Number FAS115-1/124-1<br><br><br><br> -Paragraph 15D<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 11<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e637-108580<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e681-108580<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdditionalPaidInCapital</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br> -Section S99<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Publisher FASB<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Concepts (CON)<br><br><br><br> -Number 6<br><br><br><br> -Paragraph 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Assets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6801-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Section 45<br><br><br><br> -SubTopic 10<br><br><br><br> -Topic 210<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 9<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsCurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7<br><br><br><br> -Footnote 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 450<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6952336&amp;loc=d3e14326-108349<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 5<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.25)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommitmentsAndContingencies</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredRevenueNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 605<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 13.A.4(a).Q1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6600647&amp;loc=d3e214044-122780<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 8<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6935-107765<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Chapter 3<br><br><br><br> -Section A<br><br><br><br> -Paragraph 7, 8<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 13<br><br><br><br> -Section A<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 48<br><br><br><br> -Paragraph 6<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredRevenueNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31928-109318<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42, 43<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxAssetsNetCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The noncurrent portion as of the balance sheet date of the aggregate carrying amount of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after the valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31928-109318<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42, 43<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxAssetsNetNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxLiabilitiesNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepositsAssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment within one year or during the operating cycle, if shorter.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DepositsAssetsCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsNetExcludingGoodwill">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 42, 45<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph ((a)(1),(b))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16323-109275<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388964&amp;loc=d3e16212-109274<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IntangibleAssetsNetExcludingGoodwill</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 330<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 35<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386567&amp;loc=d3e3927-108312<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Liabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 32<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesAndStockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesCurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansPayableToBankCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of current portion of long-term loans payable to bank due within one year or the operating cycle if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19, 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LoansPayableToBankCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermLoansFromBank">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of loans from a bank with maturities initially due after one year or beyond the operating cycle if longer, excluding current portion.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19, 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LongTermLoansFromBank</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAccountsPayableAndAccruedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of obligations, including trade payables, incurred through that date and due within one year (or in the operating cycle if longer) arising from transactions not otherwise specified in the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Audit and Accounting Guide (AAG)<br><br><br><br> -Number AAG-BRD<br><br><br><br> -Chapter 4<br><br><br><br> -Paragraph 80<br><br><br><br> -Subparagraph Exhibit 4-9<br><br><br><br> -IssueDate 2006-05-01<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAccountsPayableAndAccruedLiabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLoansPayableLongTerm">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the carrying value of loans payable or the portion of loans payable which are not scheduled or required to be repaid for more than one year from the balance sheet date or operating cycle, if longer, and which are not otherwise defined in the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherLoansPayableLongTerm</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLongTermDebtNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of debt not otherwise defined (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherLongTermDebtNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseAndOtherAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amount for an unclassified balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs and the carrying amount as of the balance sheet date of assets not otherwise specified in the taxonomy. Also includes assets not individually reported in the financial statements, or not separately disclosed in notes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PrepaidExpenseAndOtherAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 8<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph b, c<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount at the balance sheet date of borrowings from a bank, not elsewhere enumerated in the taxonomy, with a maturity within one year (or within one operating cycle if longer) from the date of borrowing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 16<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ShortTermBankLoansAndNotesPayable</nobr></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of statutory capital and surplus (stockholders' equity) as of the balance sheet date using prescribed or permitted statutory accounting practices (rather than GAAP, if different) of the state or country.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.23(c))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 505<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6486098&amp;loc=d3e24708-158529<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 60<br><br><br><br> -Paragraph 60<br><br><br><br> -Subparagraph h<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Statement of Position (SOP)<br><br><br><br> -Number 94-5<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 24<br><br><br><br> -Subparagraph c<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance</nobr></td>
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                    <td>us-gaap_</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A3<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6228006&amp;loc=d3e74512-122707<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total amount of stockholders' equity (deficit) items including stock value, paid in capital, retained earnings and including equity attributable to noncontrolling interests and before deducting the carrying value of treasury stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name FASB Technical Bulletin (FTB)<br><br><br><br> -Number 85-6<br><br><br><br> -Paragraph 3<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23315-112656<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EJICI">
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          <div style="width: 200px;"><strong>Condensed interim consolidated statements of shareholders equity (USD $)<br></strong></div>
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          <div>Common stock [Member]</div>
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          <div>Donated shares [Member]</div>
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          <div>Additional paid-in capital [Member]</div>
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          <div>Statutory reserve [Member]</div>
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        <td class="nump">$ 63,613<span></span></td>
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        <td class="nump">$ 124,551,522<span></span></td>
        <td class="nump">$ 7,314,565<span></span></td>
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        <td class="nump">$ 28,010,135<span></span></td>
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        <td class="nump">$ 150,432,776<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share-based compensation for employee stock option awards</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump">525,019<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares', window );">Issuance of common stock to non- employee directors (Shares)</a></td>
        <td class="nump">3,750<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(3,657,792)<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending Balance at Dec. 31, 2010</a></td>
        <td class="nump">63,617<span></span></td>
        <td class="nump">14,101,689<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(4,066,610)<span></span></td>
        <td class="nump">149,350,155<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Ending Balance (Shares) at Dec. 31, 2010</a></td>
        <td class="nump">63,616,276<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(721,030)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Beginning Balance at Oct. 01, 2010</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share-based compensation for employee stock option awards</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">525,019<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">515,079<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_IssuanceOfCommonStockToNonEmployeeDirectors', window );">Issuance of common stock to non- employee directors</a></td>
        <td class="nump">4<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(4)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_AppropriationToStatutoryReserves', window );">Appropriation to statutory reserves</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">330,738<span></span></td>
        <td class="num">(330,738)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease', window );">Foreign currency translation adjustment</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">2,050,152<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">2,050,152<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(3,657,792)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(3,657,792)<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending Balance at Dec. 31, 2010</a></td>
        <td class="nump">63,617<span></span></td>
        <td class="nump">14,101,689<span></span></td>
        <td class="nump">125,076,537<span></span></td>
        <td class="nump">7,645,303<span></span></td>
        <td class="num">(23,530,668)<span></span></td>
        <td class="nump">30,060,287<span></span></td>
        <td class="num">(4,066,610)<span></span></td>
        <td class="nump">149,350,155<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Ending Balance (Shares) at Dec. 31, 2010</a></td>
        <td class="nump">63,616,276<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(721,030)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Beginning Balance at Sep. 30, 2011</a></td>
        <td class="nump">63,817<span></span></td>
        <td class="nump">14,101,689<span></span></td>
        <td class="nump">126,135,472<span></span></td>
        <td class="nump">7,645,303<span></span></td>
        <td class="num">(44,410,240)<span></span></td>
        <td class="nump">35,804,409<span></span></td>
        <td class="num">(4,066,610)<span></span></td>
        <td class="nump">135,273,840<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Beginning Balance (Shares) at Sep. 30, 2011</a></td>
        <td class="nump">63,816,276<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(721,030)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share-based compensation for employee stock option awards</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">255,477<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">255,477<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_AppropriationToStatutoryReserves', window );">Appropriation to statutory reserves</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">140,854<span></span></td>
        <td class="num">(140,854)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease', window );">Foreign currency translation adjustment</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">1,791,087<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">1,791,087<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(1,819,754)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(1,819,754)<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending Balance at Dec. 31, 2011</a></td>
        <td class="nump">$ 63,817<span></span></td>
        <td class="nump">$ 14,101,689<span></span></td>
        <td class="nump">$ 126,390,949<span></span></td>
        <td class="nump">$ 7,786,157<span></span></td>
        <td class="num">$ (46,370,848)<span></span></td>
        <td class="nump">$ 37,595,496<span></span></td>
        <td class="num">$ (4,066,610)<span></span></td>
        <td class="nump">$ 135,500,650<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Ending Balance (Shares) at Dec. 31, 2011</a></td>
        <td class="nump">63,816,276<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(721,030)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_AppropriationToStatutoryReserves">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Appropriation to statutory reserves</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_AppropriationToStatutoryReserves</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>cbak_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_IssuanceOfCommonStockToNonEmployeeDirectors">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Issuance of common stock to non- employee directors</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_IssuanceOfCommonStockToNonEmployeeDirectors</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>cbak_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_IssuanceOfCommonStockToNonEmployeeDirectorsShares</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>cbak_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  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                <p>Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax.</p>
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                <p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p>
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                <p>Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.</p>
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                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A3<br><br> -Appendix A<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 4<br><br> -Section E<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 4.E)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6228006&amp;loc=d3e74512-122707<br><br><br><br></p>
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                <p>The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.</p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E6C">
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          <div style="width: 200px;"><strong>Principal Activities, Basis of Presentation and Organization<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock', window );">Principal Activities, Basis of Presentation and Organization [Text Block]</a></td>
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      <font style="font-family: times new roman,times,serif;">
        <b>1.&#160;&#160;&#160;&#160;&#160; Principal Activities, Basis of Presentation and Organization</b>
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    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>Principal Activities</i>
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    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">China BAK Battery, Inc. (&#8220;China BAK&#8221;) is a corporation formed in the State of Nevada on October 4, 1999 as Medina Copy, Inc. The Company changed its name to Medina Coffee, Inc. on October 6, 1999 and subsequently changed its name to China BAK Battery, Inc. on February 14, 2005. China BAK and its subsidiaries (hereinafter, collectively referred to as the &#8220;Company&#8221;) are principally engaged in the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion (known as "Li-ion" or "Li-ion cell") rechargeable batteries for use in cellular telephones, as well as various other portable electronic applications, including high-power handset telephones, laptop computers, power tools, digital cameras, video camcorders, MP3 players, electric bicycles, hybrid/electric motors, and general industrial applications.</font>
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  </p>
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    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The shares of the Company traded in the over-the-counter market through the Over-the-Counter Bulletin Board from 2005 until May 31, 2006, when the Company obtained approval to list its common stock on The NASDAQ Global Market, and trading commenced that same date under the symbol "CBAK".</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>Basis of Presentation and Organization</i>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, the Company&#8217;s subsidiaries consisted of: i) BAK International Limited (&#8220;BAK International&#8221;), a wholly owned limited liability company incorporated in Hong Kong on December 29, 2003 as BATCO International Limited, which changed its name to BAK International Limited on November 3, 2004; ii) Shenzhen BAK Battery Co., Ltd. (&#8220;Shenzhen BAK&#8221;), a wholly owned limited liability company established on August 3, 2001 in the People&#8217;s Republic of China (&#8220;PRC&#8221;); iii) BAK Electronics (Shenzhen) Co., Ltd. (&#8220;BAK Electronics&#8221;), a wholly owned limited liability company established on August 15, 2005 in the PRC; iv) BAK International (Tianjin) Ltd. (&#8220;BAK Tianjin&#8221;), a wholly owned limited liability company established on December 12, 2006 in the PRC; v) BAK Battery Canada Ltd. (&#8220;BAK Canada&#8221;), a wholly owned limited liability company established on December 20, 2006 in Canada as BAK Canada Battery Ltd., which changed its name to BAK Battery Canada Ltd. on December 22, 2006; vi) BAK Europe GmbH (&#8220;BAK Europe&#8221;), a wholly owned limited liability company established in Germany on November 28, 2007; vii) BAK Telecom India Private Limited (&#8220;BAK India&#8221;), a wholly owned limited liability company established in India on August 14, 2008; and viii) Tianjin Meicai New Materials Technology Co., Ltd. (&#8220;Tianjin Meicai&#8221;), a wholly owned limited liability company established on February 22, 2011 in the PRC. As of December 31, 2011, BAK International beneficially owns 100% of BAK India partly through a nominee agreement with one of its employees.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">BAK Tianjin was established in Tianjin Technology Industrial District on December 12, 2006 as a wholly owned subsidiary of BAK International with registered capital of US$99,990,000. Pursuant to BAK Tianjin&#8217;s articles of association and relevant PRC regulations, BAK International was required to contribute US$20,000,000 to BAK Tianjin as capital (representing 20% of BAK Tianjin&#8217;s registered capital) before March 11, 2007. An extension from the Business Administration Bureau of Beichen District, Tianjin, was obtained to make this contribution no later than December 11, 2007.</font>
    </font>
  </p>
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    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On November 16, 2007, BAK International contributed approximately US$20,000,000 capital to BAK Tianjin. The remaining US$79,990,000 was originally required to be fully contributed no later than December 11, 2008 and an extension from the Business Administration Bureau of Beichen District, Tianjin, was obtained to make this contribution no later than December 11, 2009. On November 16, 2009, BAK International contributed approximately US$9,000,000 capital to BAK Tianjin and as of November 16, 2009, the total contribution from BAK International was US$29,000,000. The remaining US$70,990,000 was originally required to be fully contributed no later than December 11, 2009 and an extension from the Business Administration Bureau of Beichen District, Tianjin, was obtained to make this contribution no later than December 2012. In August 2011, BAK International contributed approximately US$21,000,000 capital to BAK Tianjin and as of December 31, 2011, the total contribution from BAK International was US$50,000,000. BAK Tianjin is principally engaged in the manufacture of larger lithium ion batteries for use in cordless power tools and various types of vehicles.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On November 6, 2004, BAK International, a non-operating holding company that had substantially the same shareholders as Shenzhen BAK, entered into a share swap transaction with the shareholders of Shenzhen BAK for the purpose of the subsequent reverse acquisition of the Company as described below. Pursuant to the terms of the share swap transaction, BAK International acquired all of the outstanding shares of Shenzhen BAK for US$11.5 million in cash, while the shareholders of Shenzhen BAK acquired substantially all of the outstanding shares of BAK International for US$11.5 million in cash. As a result, Shenzhen BAK became a wholly-owned subsidiary of BAK International. After the share swap transaction was completed, there were 31,225,642 shares of BAK International stock outstanding, exactly the same as the number of shares of capital stock of Shenzhen BAK that had been outstanding immediately prior to the share swap, and the shareholders of BAK International were substantially the same as the shareholders of Shenzhen BAK prior to the share swap. Consequently, the share swap transaction between BAK International and the shareholders of Shenzhen BAK was accounted for as a reverse acquisition of Shenzhen BAK with no adjustment to the historical basis of the assets and liabilities of Shenzhen BAK.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On January 20, 2005, the Company completed a share swap transaction with the shareholders of BAK International. The share swap transaction, also referred to as the &#8220;reverse acquisition&#8221; of the Company, was consummated under Nevada law pursuant to the terms of a Securities Exchange Agreement entered by and among China BAK, BAK International and the shareholders of BAK International on January 20, 2005. Pursuant to the Securities Exchange Agreement, the Company issued 39,826,075 shares of common stock, par value US$0.001 per share, to the shareholders of BAK International (including 31,225,642 shares to the original shareholders and 8,600,433 shares to new investors who had purchased shares in the private placement described below), representing approximately 97.2% of the Company&#8217;s post-exchange issued and outstanding common stock, in exchange for 100% of the outstanding capital stock of BAK International.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The share swap transaction has been accounted for as a capital-raising transaction of the Company whereby the historical financial statements and operations of Shenzhen BAK are consolidated using historical carrying amounts. The 1,152,458 shares of China BAK outstanding prior to the stock exchange transaction were accounted for at the net book value at the time of the transaction, which was a deficit of US$1,672.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Also on January 20, 2005, immediately prior to consummating the share swap transaction, BAK International executed a private placement of its common stock with unrelated investors whereby it issued an aggregate of 8,600,433 shares of common stock for gross proceeds of US$17,000,000. In conjunction with this financing, Mr. Xiangqian Li, the Chairman and Chief Executive Officer of the Company, agreed to place 2,179,550 shares of the Company&#8217;s common stock owned by him into an escrow account pursuant to an Escrow Agreement dated January 20, 2005 (the &#8220;Escrow Agreement&#8221;). Pursuant to the Escrow Agreement, 50% of the escrowed shares were to be released to the investors in the private placement if audited net income of the Company for the fiscal year ended September 30, 2005 was not at least US$12,000,000, and the remaining 50% were to be released to investors in the private placement if audited net income of the Company for the fiscal year ended September 30, 2006 was not at least US$27,000,000. If the audited net income of the Company for the fiscal years ended September 30, 2005 and 2006 reached the above-mentioned targets, the 2,179,550 shares would be released to Mr. Xiangqian Li in the amount of 50% upon reaching the 2005 target and the remaining 50% upon reaching the 2006 target.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Under accounting principles generally accepted in the United States of America (&#8220;US GAAP&#8221;), escrow agreements such as the one established by Mr. Xiangqian Li generally constitute compensation if, following attainment of a performance threshold, shares are returned to a company officer. The Company determined that without consideration of the compensation charge, the performance thresholds for the year ended September 30, 2005 would be achieved. However, after consideration of a related compensation charge, the Company determined that such thresholds would not have been achieved. The Company also determined that, even without consideration of a compensation charge, the performance thresholds for the year ended September 30, 2006 would not be achieved. No compensation charge was recorded by the Company for the years ended September 30, 2005 and 2006.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">While the 1,089,775 escrow shares relating to the 2005 performance threshold were previously released to Mr. Xiangqian Li, Mr. Xiangqian Li executed a further undertaking on August 21, 2006 to return those shares to the escrow agent for the distribution to the relevant investors. However, such shares were not returned to the escrow agent, but, pursuant to a Delivery of Make Good Shares, Settlement and Release Agreement between the Company, BAK International and Mr. Li entered into on October 22, 2007 (the &#8220;Li Settlement Agreement&#8221;), such shares were ultimately delivered to the Company as described below. Because the Company failed to satisfy the performance threshold for the fiscal year ended September 30, 2006, the remaining 1,089,775 escrow shares relating to the fiscal year 2006 performance threshold were released to the relevant investors. As Mr. Li has not retained any of the shares placed into escrow, and as the investors party to the Escrow Agreement are only shareholders of the Company and do not have and are not expected to have any other relationship to the Company, the Company has not recorded a compensation charge for the years ended September 30, 2005 and 2006.</font>
    </font>
  </p>
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    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">At the time the escrow shares relating to the 2006 performance threshold were transferred to the investors in fiscal year 2007, the Company should have recognized a credit to donated shares and a debit to additional paid-in capital, both of which are elements of shareholders&#8217; equity. This entry is not material because total ordinary shares issued and outstanding, total shareholders&#8217; equity and total assets do not change; nor is there any impact on income or earnings per share. Therefore, previously filed consolidated financial statements for the fiscal year ended September 30, 2007 will not be restated. This share transfer has been reflected in these financial statements by reclassifying the balances of certain items as of October 1, 2007. The balances of donated shares and additional paid-in capital as of October 1, 2007 were credited and debited by US$7,955,358 respectively.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">In November 2007, Mr. Xiangqian Li delivered the 1,089,775 shares related to the 2005 performance threshold to BAK International pursuant to the Li Settlement Agreement; BAK International in turn delivered the shares to the Company. Such shares (other than those issued to investors pursuant to the 2008 Settlement Agreements, as described below) are now held by the Company. Upon receipt of these shares, the Company and BAK International released all claims and causes of action against Mr. Xiangqian Li regarding the shares, and Mr. Xiangqian Li released all claims and causes of action against the Company and BAK International regarding the shares. Under the terms of the Li Settlement Agreement, the Company commenced negotiations with the investors who participated in the Company&#8217;s January 2005 private placement in order to achieve a complete settlement of BAK International&#8217;s obligations (and the Company&#8217;s obligations to the extent it has any) under the applicable agreements with such investors.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Beginning on March 13, 2008, the Company has entered into settlement agreements (the &#8220;2008 Settlement Agreements&#8221;) with certain investors in the January 2005 private placement.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Pursuant to the 2008 Settlement Agreements, the Company and the settling investors have agreed, without any admission of liability, to a settlement and mutual release from all claims relating to the January 2005 private placement, including all claims relating to the escrow shares related to the 2005 performance threshold that had been placed into escrow by Mr. Xiangqian Li, as well as all claims, including claims for liquidated damages relating to registration rights granted in connection with the January 2005 private placement. Under the 2008 Settlement Agreement, the Company has made settlement payments to each of the settling investors of the number of shares of the Company&#8217;s common stock equivalent to 50% of the number of the escrow shares related to the 2005 performance threshold these investors had claimed; aggregate settlement payments as of December 31, 2011 amounted to 368,745 shares. Share payments to date have been made in reliance upon the exemptions from registration provided by Section 4(2) and/or other applicable provisions of the Securities Act of 1933, as amended. In accordance with the 2008 Settlement Agreements, the Company filed a registration statement covering the resale of such shares which was declared effective by the SEC on June 26, 2008.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The Company&#8217;s condensed interim consolidated financial statements have been prepared in accordance with US GAAP.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The interim results of operations are not necessarily indicative of the results to be expected for the fiscal year ending September 30, 2012. The Company&#8217;s consolidated balance sheet as of September 30, 2011 has been taken from the Company&#8217;s audited consolidated balance sheet as of that date. All other financial statements contained herein are unaudited and, in the opinion of management, contain all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of financial position, results of operations and cash flows for the periods presented. The Company&#8217;s accounting policies and certain other disclosure are set forth in the notes to the consolidated financial statements contained in the Company&#8217;s Annual Report on Form 10-K for the year ended September 30, 2011. These condensed interim consolidated financial statements should be read in conjunction with the Company&#8217;s audited consolidated financial statements and notes thereto.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. This basis of accounting differs in certain material respects from that used for the preparation of the books of account of the Company&#8217;s principal subsidiaries, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the PRC, Hong Kong, India, Canada or Germany, the accounting standards used in the places of their domicile. The accompanying condensed interim consolidated financial statements reflect necessary adjustments not recorded in the books of account of the Company&#8217;s subsidiaries to present them in conformity with US GAAP.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The Company has a working capital deficiency, accumulated deficit from recurring net losses incurred for the current and prior periods and significant short-term debt obligations maturing in less than one year as of December 31, 2011 and for the three months ended December 31, 2011. These factors raise substantial doubts about the Company&#8217;s ability to continue as a going concern. The Company has continued to develop a strategic plan to generate a positive cash flow from operating activities for the fiscal year ending September 30, 2012 and 2013 (the &#8220;FY2012&amp;2013 Turnaround Plan&amp;#8221;). Under the FY2012&amp;2013 Turnaround Plan, the Company will continue to increase the presence in OEM market both domestically and internationally with more aggressive marketing strategies to expand market share while securing the existing customer base. The Company will also continue implementing cost reductions on both manufacturing costs and operating expenses to improve profit margins as well as reduce receivable turnover days through stronger credit controls.</font>
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  </p>
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    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The accompanying condensed interim consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The interim consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty related to the Company&#8217;s ability to continue as a going concern.</font>
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      <font style="font-family: times new roman,times,serif;">
        <b>
          <i>Recently Issued Accounting Standards</i>
        </b>
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  </p>
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    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The FASB issued ASU 2011-02, &#8220;Receivables (Topic 310): A Creditor&#8217;s Determination of Whether a Restructuring is a Troubled Debt Restructuring&#8221;. The amendments to Topic 310 clarify the guidance on a creditor&#8217;s evaluation of whether a debtor is experiencing financial difficulties. A creditor should evaluate whether it is probable that the debtor would be in payment default on any of its debts in foreseeable future without the modification. In addition, the amendments to Topic 310 clarify that a creditor is precluded from using the effective interest rate test in the debtor&#8217;s guidance on restructuring of payables (paragraph 470-60-55-10) when evaluating whether a restructuring constitutes a troubled debt restructuring. An entity should disclose the total amount of receivables and the allowance for credit losses as of the end of the period of adoption related to those receivables that are newly considered impaired under Section 310-10-35 for which impairment was previously measured under Subtopic 450-20, Contingencies &#8211; Loss Contingencies. The adoption of ASU 2011-02 has no material impact on the Company&#8217;s financial statements.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">In April 2011, the FASB issued ASU 2011-03, &#8220;Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements&#8221;. The amendments in this ASU update remove from the assessment of effective control (1) the criterion requiring the transferor to have the ability to repurchase or redeem the financial assets on substantially the agreed terms, even in the event of default by the transferee, and (2) the collateral maintance implementation guidance related to that criterion. The guidance in this ASU update is effective for the first interim or annual period beginning on or after December 15, 2011. The guidance should be applied prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Early adoption is not permitted. The Company is currently evaluating the impact of the adoption of ASU 2011-3 on its financial statements.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">In May 2011, the FASB issued ASU 2011-04, &#8220;Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs&#8221;. The FASB and the International Accounting Standard Board (IASB) works together to ensure that fair value has the same meaning in U.S. GAAP and IFRSs and that their respective fair value measurement and disclosure requirements are the same (except for minor differences in wording and style). The Boards concluded that the amendments in this ASU update will improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and IFRSs. The amendments in this ASU update explain how to measure fair value. They do not require additional fair value measurements and are not intended to establish valuation standards or affect valuation practices outside of financial reporting. The amendments in this ASU update are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted. The Company is currently evaluating the impact of the adoption of ASU 2011-04 on its financial statements.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">In June 2011, the FASB issued ASU 2011-05, &#8220;Comprehensive Income (Topic 220): Presentation of Comprehensive Income&#8221;. In this ASU updated, the entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This Update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders&#8217; equity. The amendments in this ASU update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. In December 2011, ASU 2011-12 &#8220;Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05&#8221; was issued. The amendments in this Update supersede certain pending paragraphs in Accounting Standards Update No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income, to effectively defer only those changes in Update 2011-05 that relate to the presentation of reclassification adjustments out of accumulated other comprehensive income. The amendments will be temporary to allow the Board time to redeliberate the presentation requirements for reclassifications out of accumulated other comprehensive income for annual and interim financial statements for public, private, and non-profit entities. The amendments in this ASU update are to be applied retrospectively. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early application by public entities is permitted. The Company is currently evaluating the impact of the adoption of ASU 2011-05 and ASU 2011-12 on its financial statements.</font>
    </font>
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    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">In December 2011, the FASB issued ASU 2011-11, &#8220;Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (December 2011)&#8221;. This amendment is to provide enhanced disclosures that will enable users of its financial statements to evaluate the effect or potential effect of netting arrangements on an entity&#8217;s financial position. This includes the effect or potential effect of rights of setoff associated with an entity&#8217;s recognized assets and recognized liabilities within the scope of this Update. The amendments require enhanced disclosures by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. The amendments in this ASU update are to be applied retrospectively. This amendments is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Retrospective disclosure required for all comparative periods presented. The Company is currently evaluating the impact of the adoption of ASU 2011-11 on its financial statements.</font>
    </font>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the business description and basis of presentation concepts.  Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity.  Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E5DAC">
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          <div style="width: 200px;"><strong>Condensed interim consolidated balance sheets (Parenthetical) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Sep. 30, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common Stock, Par Value Per Share</a></td>
        <td class="nump">$ 0.001<span></span></td>
        <td class="nump">$ 0.001<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common Stock, Shares Authorized</a></td>
        <td class="nump">100,000,000<span></span></td>
        <td class="nump">100,000,000<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common Stock, Shares, Issued</a></td>
        <td class="nump">63,816,276<span></span></td>
        <td class="nump">63,816,276<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common Stock, Shares, Outstanding</a></td>
        <td class="nump">63,816,276<span></span></td>
        <td class="nump">63,816,276<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value of common stock per share; generally not indicative of the fair market value per share.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockParOrStatedValuePerShare</nobr></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                  <tr>
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                    <td><nobr>us-gaap_CommonStockSharesAuthorized</nobr></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E6C">
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      <font style="font-family: times new roman,times,serif;">Other long-term payables as of December 31, 2011 include a government subsidy of approximately US$7,888,000 received for the Company&#8217;s automated high-power lithium battery project from the National Development and Reform Commission and the Ministry of Industry and Information Technology as well as government subsidy of approximately US$3,261,000 received for the Company&#8217;s various research and development projects.</font>
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                <p>The entire disclosure for other liabilities.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20, 24<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.20,24)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
        <td class="text">Q1<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>If the value is true, then the document as an amendment to previously-filed/accepted document.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_AmendmentFlag</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:booleanItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>End date of current fiscal year in the format --MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_CurrentFiscalYearEndDate</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gMonthDayItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentFiscalPeriodFocus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:fiscalPeriodItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentFiscalYearFocus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gYearItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentInformationLineItems</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentPeriodEndDate</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:dateItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, and Other.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentType</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:submissionTypeItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCentralIndexKey</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:centralIndexKeyItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCommonStockSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCurrentReportingStatus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityFilerCategory</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:filerCategoryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityRegistrantName</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:normalizedStringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityVoluntaryFilers</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Trading symbol of an instrument as listed on an exchange.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                    <td><strong> Name:</strong></td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>43
<FILENAME>R18.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E6C">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Share-based Compensation<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
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      </tr>
      <tr class="re">
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        <td class="text"><p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <b>12.&#160;&#160;&#160; Share-based Compensation</b>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(i)</i>
        <i/>
        <i>Options</i>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The Company grants share options to officers and employees and restricted shares of common stock to its non-employee directors as rewards for their services.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <b>Stock Option Plan</b>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">In May 2005, the Board of Directors adopted the China BAK Battery, Inc. 2005 Stock Option Plan (the &#8220;Plan&#8221;). The Plan originally authorized the issuance of up to 4,000,000 shares of the Company&#8217;s common stock, pursuant to stock options granted under the Plan, or as grants of restricted stock. The exercise price of options granted pursuant to the Plan must be at least equal to the fair market value of the Company&#8217;s common stock at the date of the grant. Fair market value is determined at the discretion of the designated committee on the basis of reported sales prices for the Company&#8217;s common stock over a ten business day period ending on the grant date. The Plan will terminate on May 16, 2055. On July 28, 2008, the Company&#8217;s stockholders approved certain amendments to the Plan, including an amendment increasing the total number of shares available for issuance under the Plan to 8,000,000.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Pursuant to the Plan, the Company granted options to purchase 2,000,000 shares of common stock with an exercise price of US$6.25 per share on May 16, 2005. In accordance with the vesting provisions of the grants, the options became vested and exercisable under the following schedule:</font>
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      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="center" nowrap="nowrap" width="5%">&#160;</td>
      <td align="center" nowrap="nowrap" width="29%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Percentage of</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="5%">&#160;</td>
      <td align="center" nowrap="nowrap" width="29%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Initial</font>
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      </td>
    </tr>
    <tr valign="top">
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);">
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          <font style="font-family: times new roman,times,serif;">Number of Shares</font>
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      <td align="center" nowrap="nowrap" width="5%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="29%">
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          <font style="font-family: times new roman,times,serif;">Options Issued</font>
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      <td align="center" nowrap="nowrap" width="5%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="29%">
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    </tr>
    <tr valign="top">
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      <td align="center" bgcolor="#e6efff" nowrap="nowrap" width="5%">&#160;</td>
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    </tr>
    <tr valign="top">
      <td align="center" nowrap="nowrap">
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      <td align="center" nowrap="nowrap" width="5%">&#160;</td>
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      <td align="center" nowrap="nowrap" width="29%">
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    <tr valign="top">
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        <font style="font-size: 10pt;">
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      <td align="center" bgcolor="#e6efff" nowrap="nowrap" width="5%">&#160;</td>
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      <td align="center" bgcolor="#e6efff" nowrap="nowrap" width="5%">&#160;</td>
      <td align="center" bgcolor="#e6efff" nowrap="nowrap" width="29%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">July 1, 2008</font>
        </font>
      </td>
    </tr>
    <tr valign="top">
      <td align="center" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);">
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      <td align="center" nowrap="nowrap" width="5%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="29%">
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          <font style="font-family: times new roman,times,serif;">100%</font>
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      <td align="left" nowrap="nowrap" width="5%">&#160;</td>
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  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Subsequent to the grant date, options to purchase 200,000 shares of common stock were forfeited because the optionees terminated their employment with the Company. In addition, on September 28, 2006, options to purchase a total of 1,400,000 shares of common stock were cancelled pursuant to the Termination and Release Agreements signed on that day.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Pursuant to the Plan, the Company also granted options to purchase 1,501,500 shares of the Company&#8217;s common stock with a weighted-average exercise price of US$3.28 per share on June 25, 2007. In accordance with the vesting provisions of the grants, the options will become vested and exercisable during the period from December 31, 2007 to February 9, 2012 according to each employee&#8217;s respective agreement.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:</font>
    </font>
  </p>
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      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
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      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
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          <font style="font-family: times new roman,times,serif;">average exercise</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
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      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr>
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      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
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          <font style="font-family: times new roman,times,serif;">Outstanding as of October 1, 2011</font>
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
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          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">1.5 years</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercisable as of December 31, 2011</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;3.28</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">1.0 years</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">(1) Aggregate intrinsic value represents the value of the Company&#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The weighted-average grant-date fair value of options granted during 2007 was US$2.15 per share. The Company recorded non-cash share-based compensation expense of US$24,884 for the three months ended December 31, 2010, in respect of share options granted on June 25, 2007, which was allocated to cost of revenues, sales and marketing expenses, general and administrative expenses and research and development expenses respectively. No non-cash share-based compensation expense was recorded for the three months ended December 31, 2011.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The fair value of the above option awards granted on June 25, 2007 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions:</font>
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  </p>
  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" height="15" nowrap="nowrap">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" bgcolor="#e6efff" height="15" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" height="15" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" height="15" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" height="15" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected dividends</font>
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      </td>
      <td align="left" height="15" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" height="15" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      </td>
      <td align="left" height="15" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" height="14" nowrap="nowrap">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" bgcolor="#e6efff" height="14" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" height="14" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" bgcolor="#e6efff" height="14" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr>
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Risk-free interest rate</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, there were no unrecognized compensation costs related to non-vested share options.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Pursuant to the Plan, the Company also granted options to purchase 360,000 shares of common stock with an exercise price of US$4.30 per share on January 28, 2008. In accordance with the vesting provisions of the grants, the options will become vested and exercisable during the period from April 28, 2008 to January 28, 2011 according to each employee&#8217;s respective agreement.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:</font>
    </font>
  </p>
  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted</font>
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      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted average</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Number of</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">average exercise</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">remaining</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Aggregate intrinsic</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">shares</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
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          <font style="font-family: times new roman,times,serif;">price per share</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">contractual term</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">value (1)</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td>&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of October 1, 2011</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">360,000</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;4.30</font>
        </font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercised</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Forfeited</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of December 31, 2011</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">360,000</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
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      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
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      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">(1) Aggregate intrinsic value represents the value of the Company&#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The weighted average grant-date fair value of options granted on January 28, 2008 was US$3.59 per share. The Company recorded non-cash share-based compensation expense of US$12,057 for the three months ended December 31, 2010, in respect of share options granted on January 28, 2008, which was allocated to general and administrative expenses and research and development expenses respectively. No non-cash share-based compensation expense was recorded for the three months ended December 31, 2011.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The fair value of the above option awards granted on January 28, 2008 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.</font>
    </font>
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        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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    <tr valign="top">
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        <font style="font-size: 10pt;">
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
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        <font style="font-size: 10pt;">
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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  <br/>
  <p>
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        As of December 31, 2011, there were no unrecognized compensation costs related to non-vested share options.
        <a name="page_37"/>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On May 29, 2008, the Compensation Committee of the Company&#8217;s Board of Directors recommended and approved the grant of options to purchase 1,080,000 shares of the Company&#8217;s common stock to Mr. Xiangqian Li and options to purchase 170,000 shares to five other employees, with an exercise price of US$4.18 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable during the period from September 30, 2008 to May 29, 2012 according to each employee&#8217;s respective agreement.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:</font>
    </font>
  </p>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
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      <td align="center" nowrap="nowrap" width="13%">
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted</font>
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      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">average</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">average</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
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      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">exercise price</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">contractual</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">intrinsic</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">shares</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">per share</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">term</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
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        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td>&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of October 1, 2011</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">1,250,000</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;4.18</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercisable as of December 31, 2011</font>
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      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
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          <font style="font-family: times new roman,times,serif;">980,000</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;4.18</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">0.75 years</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">(1) Aggregate intrinsic value represents the value of the Company&#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The weighted average grant-date fair value of options granted on May 29, 2008 was US$2.36 per share. The Company recorded non-cash share-based compensation expense of US$71,456 and US$6,308 for the three months ended December 31, 2010 and 2011 respectively, in respect of share options granted on May 29, 2008, which was allocated to general and administrative expenses and research and development expenses respectively.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The fair value of the above option awards granted on May 29, 2008 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.</font>
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Nil</font>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">5 years</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr>
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Risk-free interest rate</font>
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      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <br/>
  <p>
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, there were unrecognized compensation costs of US$10,216 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 0.3 years.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On June 22, 2009, the Compensation Committee of the Company&#8217;s Board of Directors recommended and approved the grant of options to purchase 1,928,200 shares of the Company&#8217;s common stock to certain key employees, officers and consultants with an exercise price of US$2.81 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable over five years in twenty equal quarterly installments on the first day of each fiscal quarter beginning on October 1, 2009.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:</font>
    </font>
  </p>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">average</font>
        </font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">average</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Number of</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">exercise price</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">contractual</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">intrinsic</font>
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      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">shares</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">per share</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">term</font>
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      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td>&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of October 1, 2011</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">1,643,355</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;2.81</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercised</font>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Forfeited</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Cancelled</font>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of December 31, 2011</font>
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      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">4.4 years</font>
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      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercisable as of December 31, 2011</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      </td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;2.81</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">4.4 years</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">(1) Aggregate intrinsic value represents the value of the Company&#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The weighted average grant-date fair value of options granted on June 22, 2009 was US$2.46 per share. The Company recorded non-cash share-based compensation expense of US$287,740 and US$159,014 for the three months ended December 31, 2010 and 2011, respectively, in respect of share options granted on June 22, 2009, which was allocated to general and administrative expenses and research and development expenses respectively.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The fair value of the above option awards granted on June 22, 2009 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.</font>
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  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected dividends</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Nil</font>
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      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected life</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">7 years</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">%</font>
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      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Risk-free interest rate</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <br/>
  <p>
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, there were unrecognized compensation costs of US$682,198 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 1.2 years.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On June 26, 2009, the Compensation Committee of the Company&#8217;s Board of Directors recommended and approved the grant of options to purchase 75,000 shares of the Company&#8217;s common stock to certain key management with an exercise price of US$3.24 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable over five years in twenty equal quarterly installments on the first day of each fiscal quarter beginning on October 1, 2009.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:</font>
    </font>
  </p>
  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted average</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Number of</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">average exercise</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">remaining</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Aggregate intrinsic</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">shares</font>
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      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">price per share</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">contractual term</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">value (1)</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td>&#160;</td>
      <td width="1%">&#160;</td>
      <td align="center" width="13%">&#160;</td>
      <td align="center" width="3%">&#160;</td>
      <td align="center" width="1%">&#160;</td>
      <td align="center" width="13%">&#160;</td>
      <td align="center" width="3%">&#160;</td>
      <td align="center" width="1%">&#160;</td>
      <td align="center" width="13%">&#160;</td>
      <td align="center" width="3%">&#160;</td>
      <td align="center" width="1%">&#160;</td>
      <td align="center" width="13%">&#160;</td>
      <td width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of October 1, 2011</font>
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">75,000</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;3.24</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercised</font>
        </font>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Forfeited</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
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      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercisable as of December 31, 2011</font>
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      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;3.24</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">4.4 years</font>
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      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">(1) Aggregate intrinsic value represents the value of the Company&#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The weighted average grant-date fair value of options granted on June 26, 2009 was US$2.86 per share. The Company recorded non-cash share-based compensation expense of US$13,814 and US$8,709 for the three months ended December 31, 2010 and 2011, respectively, in respect of share options granted on June 26, 2009, which was allocated to research and development expenses.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The fair value of the above option awards granted on June 26, 2009 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.</font>
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  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap" style="border-bottom: medium none rgb(0, 0, 0);">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected dividends</font>
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      </td>
      <td align="left" nowrap="nowrap" style="border-bottom: medium none rgb(0, 0, 0);" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: medium none rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" style="border-bottom: medium none rgb(0, 0, 0);" width="2%">&#160;</td>
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-top-style: none; border-top-width: medium;">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected life</font>
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-top-style: none; border-top-width: medium;" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">7 years</font>
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-top-style: none; border-top-width: medium;" width="2%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Risk-free interest rate</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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  </table>
  <br/>
  <p>
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, there were unrecognized compensation costs of US$38,847 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 1.0 years.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On April 8, 2010, the Compensation Committee of the Company&#8217;s Board of Directors recommended and approved the grant of options to purchase 100,000 shares of the Company&#8217;s common stock to certain key management with an exercise price of US$2.43 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable in eight equal installments beginning on each quarter after September 30, 2011.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:</font>
    </font>
  </p>
  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted average</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Number of</font>
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      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">average exercise</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">remaining</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Aggregate intrinsic</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">shares</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
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          <font style="font-family: times new roman,times,serif;">price per share</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">contractual term</font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">value (1)</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td>&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of October 1, 2011</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">100,000</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;2.43</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercised</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Forfeited</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of December 31, 2011</font>
        </font>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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        <font style="font-size: 10pt;">
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr>
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      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercisable as of December 31, 2011</font>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;2.43</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">5.7 years</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">(1) Aggregate intrinsic value represents the value of the Company&#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The weighted average grant-date fair value of options granted on April 8, 2010 was US$1.41 per share. The Company recorded non-cash share-based compensation expense of US$16,639 and US$10,516 for the three months ended December 31, 2010 and 2011 in respect of share options granted on April 8, 2010 which was allocated to research and development expense.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected dividends</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, there were unrecognized compensation costs of US$33,632 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 1.5 years.</font>
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  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On May 26, 2011, the Compensation Committee of the Company&#8217;s Board of Directors recommended and approved the grant of options to purchase 160,800 shares of the Company&#8217;s common stock to certain key management with an exercise price of US$1.28 per share. In accordance with the vesting provisions of the grants, the options will become vested and exercisable in twelve equal installments beginning on each quarter after September 30, 2011.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">A summary of share option plan activity for these options during the three months ended December 31, 2011 is presented below:</font>
    </font>
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  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Weighted average</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Number of</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">average exercise</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">remaining</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Aggregate intrinsic</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">shares</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
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          <font style="font-family: times new roman,times,serif;">price per share</font>
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      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">contractual term</font>
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      </td>
      <td align="center" nowrap="nowrap" width="3%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr>
      <td>&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="13%">&#160;</td>
      <td width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of October 1, 2011</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">160,800</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;1.28</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
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    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Forfeited</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
        </font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="left" nowrap="nowrap" width="13%">&#160;</td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Outstanding as of December 31, 2011</font>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">160,800</font>
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      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;1.28</font>
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      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">5.3 years</font>
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      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="13%">&#160;</td>
      <td bgcolor="#e6efff" width="3%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Exercisable as of December 31, 2011</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">26,800</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;1.28</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">5.3 years</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="13%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="3%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">(1) Aggregate intrinsic value represents the value of the Company&#8217;s closing stock price on December 31, 2011 (US$0.63) in excess of the exercise price multiplied by the number of options outstanding or exercisable.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The weighted average grant-date fair value of options granted on May 26, 2011 was US$0.65 per share. No non-cash share-based compensation expense was recorded for the three months ended December 31, 2010. The Company recorded non-cash share-based compensation expense of US$16,856 for the three months ended December 31, 2011 in respect of share options granted on May 26, 2011, which was allocated to general and administrative expenses.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The fair value of the above option awards granted on May 26, 2011 was estimated on the date of grant using the Black-Scholes Option Valuation Model that uses the following assumptions.</font>
    </font>
  </p>
  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected volatility</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">50.90%</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected dividends</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Nil</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Expected life</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">6.0 years</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Risk-free interest rate</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">3.06%</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <br/>
  <p>
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, there were unrecognized compensation costs of US$56,412 related to the above non-vested share options. These costs are expected to be recognized over a weighted average period of 2.4 years.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>&#160;(ii) Restricted Shares</i>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Pursuant to the Plan, the Compensation Committee of the Company&#8217;s Board of Directors recommended and approved the grant of 500,000 restricted shares to Chief Executive Officer, Mr. Xiangqian Li with a fair value of US$2.81 per share on June 22, 2009. In accordance with the vesting schedule of the grant, the restricted shares will vest in twenty equal quarterly installments on the first day of each fiscal quarter beginning on October 1, 2009.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The Company recorded non-cash share-based compensation expense of US$91,575 and US$54,074 for the three months ended December 31, 2010 and 2011 respectively in respect of the restricted shares granted on June 22, 2009, which was allocated to general and administrative expenses.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, there were unrecognized stock-based compensation costs of US$236,146 associated with these restricted shares granted to Mr. Xiangqian Li. These costs are expected to be recognized over a weighted-average period of 2.0 years.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As the Company itself is an investment holding company which is not expected to generate operating profits to realize the tax benefits arising from its net operating loss carried forward, no income tax benefits were recognized for such stock-based compensation cost under the Stock Option Plan for the three months ended December 31, 2010 and 2011.</font>
    </font>
  </p><span></span></td>
      </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable).  Also includes disclosure of compensation-related costs for equity-based compensation which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details, and employee stock purchase plan details.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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<DOCUMENT>
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<SEQUENCE>44
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ECDAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Condensed interim consolidated statements of operations and comprehensive loss (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net revenues</a></td>
        <td class="nump">$ 71,754,957<span></span></td>
        <td class="nump">$ 63,530,219<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Cost of revenues</a></td>
        <td class="num">(57,723,757)<span></span></td>
        <td class="num">(53,533,855)<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross profit</a></td>
        <td class="nump">14,031,200<span></span></td>
        <td class="nump">9,996,364<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Operating expenses:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and development expenses</a></td>
        <td class="num">(1,244,152)<span></span></td>
        <td class="num">(1,644,744)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingAndMarketingExpense', window );">Sales and marketing expenses</a></td>
        <td class="num">(1,957,670)<span></span></td>
        <td class="num">(2,273,363)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
        <td class="num">(5,789,276)<span></span></td>
        <td class="num">(7,878,671)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse', window );">Impairment charge</a></td>
        <td class="num">(2,707,686)<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
        <td class="num">(11,698,784)<span></span></td>
        <td class="num">(11,796,778)<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating (loss) / income</a></td>
        <td class="nump">2,332,416<span></span></td>
        <td class="num">(1,800,414)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingInterestExpense', window );">Finance costs, net</a></td>
        <td class="num">(2,882,729)<span></span></td>
        <td class="num">(2,839,640)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromGrants', window );">Government grant income</a></td>
        <td class="nump">824,687<span></span></td>
        <td class="nump">606,971<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Other income</a></td>
        <td class="nump">19,882<span></span></td>
        <td class="nump">241,493<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">(Loss) / income before income taxes</a></td>
        <td class="nump">294,256<span></span></td>
        <td class="num">(3,791,590)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax benefits / (expenses)</a></td>
        <td class="num">(2,114,010)<span></span></td>
        <td class="nump">133,798<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="num">(1,819,754)<span></span></td>
        <td class="num">(3,657,792)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract', window );"><strong>Other comprehensive income</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent', window );">- Foreign currency translation adjustment</a></td>
        <td class="nump">1,791,087<span></span></td>
        <td class="nump">2,050,152<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive loss</a></td>
        <td class="num">$ (28,667)<span></span></td>
        <td class="num">$ (1,607,640)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Net loss per share:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">- Basic</a></td>
        <td class="num">$ (0.03)<span></span></td>
        <td class="num">$ (0.06)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">- Diluted</a></td>
        <td class="num">$ (0.03)<span></span></td>
        <td class="num">$ (0.06)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>Weighted average number of shares of common stock:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">- Basic</a></td>
        <td class="nump">63,095,246<span></span></td>
        <td class="nump">62,895,001<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">- Diluted</a></td>
        <td class="nump">63,095,246<span></span></td>
        <td class="nump">62,895,001<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e540-108580<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 30<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A5<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 38<br><br><br><br> -Subparagraph c(3)<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 8, 9, 10, 11, 12, 13, 14<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6508144<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e557-108580<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ComprehensiveIncomeNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate cost of goods produced and sold and services rendered during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 2<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CostOfRevenue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 52<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945512&amp;loc=d3e4984-109258<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Emerging Issues Task Force (EITF)<br><br><br><br> -Number 07-4<br><br><br><br> -Paragraph 4<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 7<br><br><br><br> -Paragraph 18<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-04.23)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 128<br><br><br><br> -Paragraph 36, 37, 38<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1252-109256<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareBasic</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 128<br><br><br><br> -Paragraph 11, 12, 36<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1252-109256<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 7<br><br><br><br> -Paragraph 18<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Emerging Issues Task Force (EITF)<br><br><br><br> -Number 07-4<br><br><br><br> -Paragraph 4<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareDiluted</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingInterestExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents interest incurred for borrowed money which was used to produce goods or render services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 2<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_FinancingInterestExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GeneralAndAdministrativeExpense</nobr></td>
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                  <tr>
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                  <tr>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
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          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1,2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse">
        <tr>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6390789&amp;loc=d3e2420-110228<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 144<br><br><br><br> -Paragraph 26<br><br><br><br> -Subparagraph b<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 958<br><br><br><br> -SubTopic 225<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 11<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6743430&amp;loc=d3e92212-112881<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 144<br><br><br><br> -Paragraph 7, 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Impairment<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515133<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 4<br><br><br><br> -Section 08<br><br><br><br> -Paragraph h<br><br><br><br> -Subparagraph 1(i)<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Income Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (a),(b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph h<br><br><br><br> -Article 4<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 45<br><br><br><br> -Subparagraph a, b<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxExpenseBenefit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
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            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 38<br><br><br><br> -Subparagraph a<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br><br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 38<br><br><br><br> -Subparagraph d<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Emerging Issues Task Force (EITF)<br><br><br><br> -Number 87-21<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br><br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br><br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br><br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28, 29, 30<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Period Type:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                  <tr>
                    <td><strong> Name:</strong></td>
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        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net result for the period of deducting operating expenses from operating revenues.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingIncomeLoss</nobr></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax, attributable to the parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 19<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569616-111683<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1A<br><br><br><br> -Subparagraph (c)(3)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921930&amp;loc=SL4573702-111684<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 30<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 38<br><br><br><br> -Subparagraph c(3)<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 29<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569643-111683<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent</nobr></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract</nobr></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNonoperatingIncomeExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 9<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherNonoperatingIncomeExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ResearchAndDevelopmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 985<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 730<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141<br><br><br><br> -Paragraph 51<br><br><br><br> -Subparagraph g<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 2<br><br><br><br> -Paragraph 12, 13<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 86<br><br><br><br> -Paragraph 11, 12<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ResearchAndDevelopmentExpense</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueFromGrants">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Revenue earned during the period from non-repayable sum of money awarded to an entity to carry out a specific purpose as provided in grant agreements.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1(e))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SalesRevenueNet</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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          </td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total amount of expenses directly related to the marketing or selling of products or services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SellingAndMarketingExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td>debit</td>
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                <p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1505-109256<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Emerging Issues Task Force (EITF)<br><br><br><br> -Number 07-4<br><br><br><br> -Paragraph 4<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 128<br><br><br><br> -Paragraph 40<br><br><br><br> -Subparagraph a<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 128<br><br><br><br> -Paragraph 8<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br><br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
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                <p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1448-109256<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 128<br><br><br><br> -Paragraph 171<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 128<br><br><br><br> -Paragraph 40<br><br><br><br> -Subparagraph a<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 128<br><br><br><br> -Paragraph 8<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Emerging Issues Task Force (EITF)<br><br><br><br> -Number 07-4<br><br><br><br> -Paragraph 4<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
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    <tr valign="top">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">257,213,366</font>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Impairment charge</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">(13,958,165</font>
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      <td align="left" nowrap="nowrap" width="2%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">(16,861,447</font>
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      </td>
      <td align="left" nowrap="nowrap" width="2%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">)</font>
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    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Carried amount</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;243,238,114</font>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;240,351,919</font>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(i)</i>
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        <i>Depreciation expense for the three months ended December 31, 2010 and 2011 is included in the condensed interim consolidated statements of operations and comprehensive loss as follows:</i>
      </font>
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  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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            <i>Three months ended December 31,</i>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2010</i>
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      </td>
      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Cost of revenues</font>
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;3,321,155</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;3,708,478</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Research and development expenses</font>
        </font>
      </td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">57,749</font>
        </font>
      </td>
      <td align="left" width="2%">&#160;</td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">140,347</font>
        </font>
      </td>
      <td align="left" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Sales and marketing expenses</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">123,983</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">43,765</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">General and administrative expenses</font>
        </font>
      </td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">628,642</font>
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      <td align="left" width="2%">&#160;</td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">822,382</font>
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      </td>
      <td align="left" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;4,131,529</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;4,714,972</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(ii) Construction in Progress</i>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Construction in progress mainly comprises capital expenditures for construction of the Company&#8217;s new corporate campus, including offices and factories.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">For the three months ended December 31, 2010 and 2011, the Company capitalized interest of US$117,079 and US$124,854 respectively to the cost of construction in progress.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(iii) Pledged Property, Plant and Equipment</i>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">As of September 30, 2011 and December 31, 2011, machinery and equipment with net book value of US$56,376,435 and US$54,341,186 of the Company were pledged as collateral under certain loan arrangements (see Notes 7 and 8).</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(iv) Assets held for abandonment</i>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Assets held for abandonment as of September 30, 2011 and December 31, 2011 consisted of the following:</font>
    </font>
  </p>
  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>September 30,</i>
          </font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>December 31,</i>
          </font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
          </font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
          </font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Net book value</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;744,356</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">753,646</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Less: impairment charge</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">(744,356</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">)</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">(753,646</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">)</font>
        </font>
      </td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Carried amount</font>
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;-</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">-</font>
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <br/>
  <p>
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The carried amount as of September 30, 2011 and December 31, 2011 composed of the machinery and equipment relating to steel-case cell production line and certain used assets which have been written down to nil.</font>
    </font>
  </p>
  <p>
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(v) Impairment Charge</i>
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    </font>
  </p>
  <p>
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">During the course of the Company&#8217;s strategic review of its operations. the Company assessed the recoverability of the carrying value of certain property, plant and equipment which resulted in impairment losses of approximately US$ 2.7 million for the three months period ended December 31, 2011. No impairment charged for the three months period ended December 31, 2010.</font>
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  </p><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.13-14)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br></p>
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                <p>The entire disclosure of claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables, and so forth.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
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      <font style="font-family: times new roman,times,serif;">The Company currently engages in the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. During the three months ended December 31, 2011, the Company manufactured five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The Company&#8217;s products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. Net revenues for the three months ended December 31, 2010 and 2011 were as follows:</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" width="10%">&#160;</td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="10%">&#160;</td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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      <td width="10%">&#160;</td>
      <td width="2%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="10%">&#160;</td>
      <td width="2%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="10%">&#160;</td>
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          <font style="font-family: times new roman,times,serif;">&#160;48,189,095</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;58,773,767</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%">
        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="10%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">1,514,098</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
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    <tr valign="top">
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      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;63,530,219</font>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%">
        <font style="font-size: 10pt;">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
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                <p>The entire disclosure for earnings per share.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1252-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945512&amp;loc=d3e4984-109258<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 40<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1278-109256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
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      <font style="font-family: times new roman,times,serif;">As of September 30, 2011 and December 31, 2011, the Company had several short-term bank loans with aggregate outstanding balances of US$139,706,153 and US$130,889,802, respectively. The loans were primarily obtained for general working capital, carried interest rates ranging from 5.10% to 7.21% per annum, and had maturity dates ranging from 3 to 12 months. Each loan is guaranteed by Mr. Xiangqian Li, who did not receive any compensation for acting as guarantor.</font>
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      <font style="font-family: times new roman,times,serif;">As of December 31, 2011, the Company had pledged the land use rights certificate in relation to the land on which Shenzhen BAK&#8217;s corporate campus had been constructed for short-term bank loans amounting to US$61,056,838 borrowed from Shenzhen Eastern Branch, Agricultural Bank of China. As of December 31, 2011, the aggregate net book value of the buildings and land use rights in relation to the land use rights certificate was US$127,119,640.</font>
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                <p>The entire disclosure for short-term debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.13)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 7<br><br> -Section 03<br><br> -Paragraph 16<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 13<br><br> -Article 9<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E6C">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Long-term Bank Loans<br></strong></div>
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      <font style="font-family: times new roman,times,serif;">As of September 30, 2011 and December 31, 2011, the Company had long-term bank loans of US$38,470,278 and US$28,085,734, respectively. As of December 31, 2011, US$20,156,274 was borrowed under a four-year long-term loan credit facility from China Development Bank, bearing interest at the benchmark rate of the People&#8217;s Bank of China (&#8220;PBOC&#8221;) for three-year to five-year long-term loans, which is currently 5.94% per annum. This long-term bank loan is repayable on February 28, 2016.</font>
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      <font style="font-family: times new roman,times,serif;">Two other long-term loans totaled an aggregate borrowed amount of US$7,929,460 as of December 31, 2011. These loans were borrowed under a five-year long-term loan credit facility from Shenzhen Eastern Branch, Agricultural Bank of China, and carry interest at 90% of the benchmark rate of the PBOC for three-year to five-year long-term loans. The first loan of US$6,343,568 currently carries interest at 5.184% per annum and is repayable on January 25, 2012. The second loan of US$1,585,892 currently carries annual interest of 5.184% and is repayable on January 25, 2012.</font>
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      <font style="font-family: times new roman,times,serif;">The long-term bank loan with China Development Bank is: (i) guaranteed by Mr. Xiangqian Li; (ii) secured by certain shares of the Company owned by Mr. Xiangqian Li; and (iii) is secured by the property ownership and land use rights certificate relating to the land on which the Company&#8217;s Research and Development Test Centre is to be constructed and the facilities to be constructed thereon. On April 7, 2010, the pledge of the land use rights certificate to China Development Bank was approved by the relevant government bureau. On April 20, 2010, the relevant land use rights certificate was pledged to China Development Bank.</font>
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      <font style="font-family: times new roman,times,serif;">The long-term bank loan with Shenzhen Eastern Branch, Agricultural Bank of China is: (i) guaranteed by Mr. Xiangqian Li; (ii) secured by the Company&#8217;s machinery and equipment with carrying values of US$28,391,312 as of December 31, 2011 (see Note 6); and (iii) secured by the property ownership certificate and land use rights certificate in relation to the land on which Shenzhen BAK&#8217;s corporate campus had been constructed and any machinery and equipment purchased and used in the campus subsequent to such construction.</font>
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      <font style="font-family: times new roman,times,serif;">Mr. Xiangqian Li did not receive any compensation for pledging his shares in the Company or acting as guarantor for the above long-term bank loans.</font>
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  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The aggregate maturities of long-term bank loans as of December 31, 2011 are as follows:</font>
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          <font style="font-family: times new roman,times,serif;">Fiscal years ending on December 31,</font>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for long-term debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 22<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E6C">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Deferred Revenue<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
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        <b>10.&#160;&#160;&#160;&#160; Deferred Revenue</b>
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      <font style="font-family: times new roman,times,serif;">Deferred revenue represents a government grant of subsidy for additional cost of land use rights relating to BAK Industrial Park, which is amortized on a straight-line basis over the estimated useful lives of the depreciable facilities constructed thereon of 35 years.</font>
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                <p>The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 605<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 13.A.3(b).Q1(c),(b).Q2,(c).Q3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6600647&amp;loc=d3e214044-122780<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 13<br><br> -Section A<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Concepts (CON)<br><br> -Number 5<br><br> -Paragraph 83, 84<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6935-107765<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E6C">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Commitments and Contingencies<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
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        <b>15.&#160;&#160;&#160; Commitments and Contingencies</b>
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      <font style="font-family: times new roman,times,serif;">As of September 30, 2011 and December 31, 2011, the Company had the following contracted capital commitments:</font>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>September 30,</i>
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      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>December 31,</i>
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      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
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      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
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        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">For construction of buildings</font>
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      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;7,847,376</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
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      <td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;9,330,965</font>
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      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
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    <tr valign="top">
      <td align="left" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">For purchases of equipment</font>
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      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="right" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">3,089,836</font>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;11,359,342</font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
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      </td>
      <td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;12,420,801</font>
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      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(ii) Land Use Rights and Property Ownership Certificate</i>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">According to the relevant PRC laws and regulations, a land use rights certificate, along with government approvals for land planning, project planning and construction, needs to be obtained before construction of a building is commenced. A property ownership certificate shall be granted by the government upon application under the condition that the aforementioned certificate and government approvals have been obtained.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Pursuant to the land use rights certificate relating to the Company&#8217;s Tianjin facility, the Tianjin government had requested that the Company complete the construction of the Tianjin facility before September 30, 2008. As of December 31, 2011, the Company was in the process of negotiating with the relevant government bureau for the extension of the completion date. If the Company fails to obtain the approval for the extension of the completion date from the relevant government bureau, there is a risk that the land use rights certificate relating to the Company&#8217;s Tianjin facility will become invalid. However, management believes that this possibility, while present, is remote.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Pursuant to the land use rights certificate that the Company obtained relating to the Research and Development Test Centre to be constructed in Shenzhen, the Company must complete at least 25% of the construction of the Research and Development Test Centre by September 30, 2008. On November 11, 2008 and May 27, 2009, the Company has signed two supplement agreements with Shenzhen government to increase the dimensions of the Research and Development Test Centre. According to the supplement agreements, the Company is required to complete the construction by May 6, 2011. According to the property ownership and land use rights certificate, such rights may not be pledged without the approval of the relevant government office. The Company is required to pledge its property ownership and land use rights certificate in relation to the Research and Development Test Centre to China Development Bank according to the loan agreement entered into with it. On April 7, 2010, the pledge of the land use rights certificate to China Development Bank was approved by the relevant government bureau. On April 20, 2010, the relevant land use rights certificate was pledged to China Development Bank.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On December 15, 2008, the Company purchased insurance for its manufacturing facilities at BAK Industrial Park in Shenzhen, China. Under the insurance policy entered into with Ping An Property &amp; Casualty Insurance Company of China, Ltd, the insured amount for our manufacturing facilities at BAK Industrial Park is RMB585,373,070 (approximately $85.8 million) for the period from November 26, 2008 to August 25, 2010. On August 20, 2010, the Company purchased the new insurance for its manufacturing facilities at BAK Industrial Park in Shenzhen, China. Under the new insurance policy entered into with Ping An Property &amp; Casualty Insurance Company of China, Ltd, the insured amount for our manufacturing facilities at BAK Industrial Park is RMB550,000,000 (approximately $82.2 million) for the period from August 26, 2010 to March 26, 2012.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">On July 2, 2010, the Company purchased insurance for its manufacturing facilities in Tianjin, China. Under the insurance policy entered into with Ping An Property &amp; Casualty Insurance Company of China, Ltd, the insured amount for our manufacturing facilities in Tianjin is RMB220,991,420 (approximately $33.0 million) for the period from July 2, 2010 to July 2, 2011. As of December 31, 2011, under the insurance policy entered into with Ping An Property &amp; Casualty Insurance Company of China, Ltd, the insured amount for our manufacturing facilities in Tianjin is RMB329,666,477 (approximately $51.6 million) for the period from July 2, 2011 to July 2, 2012.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The Company is not able to insure its new Research and Development Test Centre to be constructed in Shenzhen, China, until it receives the required property ownership and land use rights certificates. Upon receipt of such certificates, the Company intends to procure such insurance. As discussed above, the Company has obtained the land use rights certificate to the land relating to these facilities. The application for a property ownership certificate is in process with respect to the Company&#8217;s facilities in Shenzhen.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(iii) Guarantees</i>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">In order to secure the supplies of certain raw materials and equipment and upon the request of suppliers, the Company has given guarantees to certain suppliers which are summarized as follows:</font>
    </font>
  </p>
  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>September 30,</i>
          </font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>December 31,</i>
          </font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
          </font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
          </font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr>
      <td>&#160;</td>
      <td width="1%">&#160;</td>
      <td width="12%">&#160;</td>
      <td width="2%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="12%">&#160;</td>
      <td width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Guaranteed for Shenzhen Tongli Hi-tech Co. Ltd. - a non-related party</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" bgcolor="#e6efff" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;2,349,514</font>
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      </td>
      <td align="left" bgcolor="#e6efff" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" bgcolor="#e6efff" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;2,378,838</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Guaranteed for Shanghai Global Children Products Co. Ltd. - a non-related party</font>
        </font>
      </td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">1,566,342</font>
        </font>
      </td>
      <td align="left" width="2%">&#160;</td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">792,946</font>
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      </td>
      <td align="left" width="2%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Guaranteed for Tianjin Bike New Energy Research Institute - a non- related party</font>
        </font>
      </td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">7,831,712</font>
        </font>
      </td>
      <td align="left" width="2%">&#160;</td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">7,929,460</font>
        </font>
      </td>
      <td align="left" width="2%">&#160;</td>
    </tr>
    <tr>
      <td bgcolor="#e6efff">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
      <td bgcolor="#e6efff" width="1%">&#160;</td>
      <td bgcolor="#e6efff" width="12%">&#160;</td>
      <td bgcolor="#e6efff" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Guaranteed for Shenzhen Yasu Technology Co. Ltd. - a non-related party</font>
        </font>
      </td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" style="border-bottom-style: solid;" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">9,398,055</font>
        </font>
      </td>
      <td align="left" width="2%">&#160;</td>
      <td align="left" width="1%">&#160;</td>
      <td align="right" style="border-bottom-style: solid;" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">9,515,352</font>
        </font>
      </td>
      <td align="left" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;21,145,623</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;20,616,596</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
  </table>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">Management has assessed the fair value of the obligation arising from the above financial guarantees and considered it immaterial to the condensed interim consolidated financial statements. Therefore, no obligations in respect of the above guarantees were recognized as of December 31, 2011.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">
        <i>(iv) Outstanding Discounted Bills and Transferred Bills&#160;</i>
      </font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">From time to time, the Company factors bills receivable to banks and endorses the bank acceptance bills received to its suppliers, vendors or other parties for settlement of its liabilities to these creditors. At the time of the factoring and transfer, all rights and privileges of holding the receivables are transferred to the banks and the creditors. The Company removes the assets from its books and records a corresponding expense for the amount of the discount. The Company remains contingently liable on the amount outstanding in the event the bill issuer defaults.</font>
    </font>
  </p>
  <p align="justify">
    <font style="font-size: 10pt;">
      <font style="font-family: times new roman,times,serif;">The Company&#8217;s outstanding discounted and transferred bills as of September 30, 2011 and December 31, 2011 are summarized as follows:</font>
    </font>
  </p>
  <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt;" width="100%">
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>September 30,</i>
          </font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>December 31,</i>
          </font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" nowrap="nowrap">&#160;</td>
      <td align="left" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
          </font>
        </font>
      </td>
      <td align="center" nowrap="nowrap" width="2%">&#160;</td>
      <td align="center" nowrap="nowrap" width="1%">&#160;</td>
      <td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">
            <i>2011</i>
          </font>
        </font>
      </td>
      <td align="left" nowrap="nowrap" width="2%">&#160;</td>
    </tr>
    <tr>
      <td>&#160;</td>
      <td width="1%">&#160;</td>
      <td width="12%">&#160;</td>
      <td width="2%">&#160;</td>
      <td width="1%">&#160;</td>
      <td width="12%">&#160;</td>
      <td width="2%">&#160;</td>
    </tr>
    <tr valign="top">
      <td align="left" bgcolor="#e6efff" nowrap="nowrap">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">Bank acceptance bills</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
      <td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="12%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">&#160;2,049,540</font>
        </font>
      </td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%">&#160;</td>
      <td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
        <font style="font-size: 10pt;">
          <font style="font-family: times new roman,times,serif;">$</font>
        </font>
      </td>
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          <font style="font-family: times new roman,times,serif;">&#160;4,827,214</font>
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    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for commitments and contingencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6952336&amp;loc=d3e14435-108349<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 460<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6398077&amp;loc=d3e12565-110249<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Interpretation (FIN)<br><br> -Number 14<br><br> -Paragraph 3<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 440<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394976&amp;loc=d3e25287-109308<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 5<br><br> -Paragraph 9, 10, 11, 12<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.25)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6449706&amp;loc=d3e16207-108621<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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                    <td>us-gaap_</td>
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<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EQUAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Condensed interim consolidated statements of cash flows (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash flow from operating activities</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="num">$ (1,819,754)<span></span></td>
        <td class="num">$ (3,657,792)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net loss to net cash provided by operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
        <td class="nump">5,178,125<span></span></td>
        <td class="nump">4,319,358<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvisionForDoubtfulAccounts', window );">Provision for doubtful debts</a></td>
        <td class="nump">1,053,939<span></span></td>
        <td class="nump">3,060,868<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_RecoveryOfProvisionForObsoleteInventories', window );">Recovery of provision for obsolete inventories</a></td>
        <td class="num">(321,636)<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse', window );">Impairment charge</a></td>
        <td class="nump">2,707,686<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share-based compensation</a></td>
        <td class="nump">255,477<span></span></td>
        <td class="nump">525,019<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income taxes</a></td>
        <td class="nump">2,110,627<span></span></td>
        <td class="num">(235,750)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenuePeriodIncreaseDecrease', window );">Deferred revenue</a></td>
        <td class="num">(62,939)<span></span></td>
        <td class="num">(60,096)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossUnrealized', window );">Exchange (gain) / loss</a></td>
        <td class="nump">164,869<span></span></td>
        <td class="num">(65,527)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in operating assets and liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsReceivable', window );">Trade accounts receivable</a></td>
        <td class="num">(20,225,712)<span></span></td>
        <td class="num">(7,871,723)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Inventories</a></td>
        <td class="nump">12,688,338<span></span></td>
        <td class="num">(2,228,036)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepayments and other receivables</a></td>
        <td class="num">(2,003,045)<span></span></td>
        <td class="nump">521,311<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts and bills payable</a></td>
        <td class="num">(1,027,864)<span></span></td>
        <td class="nump">15,961,714<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities', window );">Accrued expenses and other payables</a></td>
        <td class="nump">6,947,805<span></span></td>
        <td class="nump">8,116,784<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
        <td class="nump">5,645,916<span></span></td>
        <td class="nump">18,386,130<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash flow from investing activities</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchases of property, plant and equipment</a></td>
        <td class="num">(3,777,916)<span></span></td>
        <td class="num">(5,967,721)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireIntangibleAssets', window );">Purchases of intangible assets</a></td>
        <td class="num">(463,779)<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
        <td class="num">(4,241,695)<span></span></td>
        <td class="num">(5,967,721)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash flow from financing activities</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfDebt', window );">Proceeds from borrowings</a></td>
        <td class="nump">37,817,913<span></span></td>
        <td class="nump">27,754,283<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfDebt', window );">Repayment of borrowings</a></td>
        <td class="num">(59,074,742)<span></span></td>
        <td class="num">(31,759,964)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDepositOtherAssets', window );">(Increase) / decrease in pledged deposits</a></td>
        <td class="nump">807,608<span></span></td>
        <td class="num">(6,757,619)<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash used in financing activities</a></td>
        <td class="num">(20,449,221)<span></span></td>
        <td class="num">(10,763,300)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents', window );">Effect of exchange rate changes on cash and cash equivalents</a></td>
        <td class="nump">61,539<span></span></td>
        <td class="nump">283,148<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net increase / (decrease) in cash and cash equivalents</a></td>
        <td class="num">(18,983,461)<span></span></td>
        <td class="nump">1,938,257<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the beginning of period</a></td>
        <td class="nump">24,858,239<span></span></td>
        <td class="nump">22,588,635<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the end of period</a></td>
        <td class="nump">5,874,778<span></span></td>
        <td class="nump">24,526,892<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_CashReceivedDuringTheYearForAbstract', window );"><strong>Cash received during the period for:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_BillsReceivableDiscountedToBanks', window );">Bills receivable discounted to banks</a></td>
        <td class="nump">4,827,214<span></span></td>
        <td class="nump">9,095,582<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_cbak_CashPaidDuringTheYearForAbstract', window );"><strong>Cash paid during the period for:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaid', window );">Income taxes</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaid', window );">Interest, net of amounts capitalized</a></td>
        <td class="nump">$ 2,663,769<span></span></td>
        <td class="nump">$ 2,402,600<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_BillsReceivableDiscountedToBanks">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Bills receivable discounted to banks</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_BillsReceivableDiscountedToBanks</nobr></td>
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                  <tr>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_CashPaidDuringTheYearForAbstract</nobr></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_CashReceivedDuringTheYearForAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_CashReceivedDuringTheYearForAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>cbak_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cbak_RecoveryOfProvisionForObsoleteInventories">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Recovery of provision for obsolete inventories</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>cbak_RecoveryOfProvisionForObsoleteInventories</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>cbak_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7<br><br><br><br> -Footnote 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph h<br><br><br><br> -Article 4<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 6<br><br><br><br> -Section I<br><br><br><br> -Subsection 7<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 45<br><br><br><br> -Subparagraph b<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 289<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6889476&amp;loc=d3e330036-122817<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredIncomeTaxExpenseBenefit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredRevenuePeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net addition or reduction in the carrying amount of deferred revenue during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 13<br><br><br><br> -Section A<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 605<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 13.A.4(a).(Q1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6600647&amp;loc=d3e214044-122780<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredRevenuePeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DepreciationAndAmortization</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The effect of exchange rate changes on cash balances held in foreign currencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 830<br><br><br><br> -SubTopic 230<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossUnrealized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate unrealized foreign currency transaction gain (loss) (pretax) included in determining net income for the reporting period. Represents the aggregate of gains (losses) on transactions that are unsettled as of the balance sheet date, which is therefore an adjustment to reconcile income (loss) from continuing operations to net cash provided by or used in continuing operations. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting entity's financial statements. For certain entities, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 830<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450189&amp;loc=d3e30700-110894<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 830<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 830<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450189&amp;loc=d3e30690-110894<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 52<br><br><br><br> -Paragraph 30<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ForeignCurrencyTransactionGainLossUnrealized</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6390789&amp;loc=d3e2420-110228<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 144<br><br><br><br> -Paragraph 26<br><br><br><br> -Subparagraph b<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 958<br><br><br><br> -SubTopic 225<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 11<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6743430&amp;loc=d3e92212-112881<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 144<br><br><br><br> -Paragraph 7, 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Impairment<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515133<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaid">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 29<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 27<br><br><br><br> -Subparagraph f<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxesPaid</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsPayable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsReceivable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDepositOtherAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in moneys or securities given as security including, but not limited to, contract, escrow, or earnest money deposits, retainage (if applicable), deposits with clearing organizations and others, collateral, or margin deposits.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInDepositOtherAssets</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInInventories</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other obligations or expenses incurred but not yet paid.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets,or  income taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaid">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid for interest during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 29<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InterestPaid</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from financing activity for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 26<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from investing activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 26<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivities</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 38<br><br><br><br> -Subparagraph a<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A7<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 130<br><br><br><br> -Paragraph 10, 15<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br><br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 38<br><br><br><br> -Subparagraph d<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Emerging Issues Task Force (EITF)<br><br><br><br> -Number 87-21<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br><br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br><br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br><br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28, 29, 30<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireIntangibleAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 15<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 17<br><br><br><br> -Subparagraph c<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Investing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquireIntangibleAssets</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 15<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 17<br><br><br><br> -Subparagraph c<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Investing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <p>Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.5)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
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                <p>The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 28<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br><br><br><br><br></p>
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                <p>The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 3<br><br> -Section A<br><br> -Paragraph 9<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 6<br><br> -Subparagraph a, b, c<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6925170&amp;loc=d3e19296-110258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 159<br><br> -Paragraph 17-22, 27, 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13433-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15C, 15D<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13504-108611<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15A<br><br> -Subparagraph a-d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13537-108611<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 133<br><br> -Paragraph 44A, 44B<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6925170&amp;loc=d3e19207-110258<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 3, 10, 14, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15B<br><br> -Subparagraph a, b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 157<br><br> -Paragraph 32, 33, 34<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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