<SEC-DOCUMENT>0001062993-13-005961.txt : 20131231
<SEC-HEADER>0001062993-13-005961.hdr.sgml : 20131231
<ACCEPTANCE-DATETIME>20131120101105
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001062993-13-005961
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20131120

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>



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   <TITLE> China BAK Battery, Inc.: Correspondence - Filed by newsfilecorp.com</TITLE>

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November 20, 2013 </P>
<P align="justify">
Jeanne Bennett <br>
Division of Corporation Finance <br>
U.S. Securities and Exchange Commission <br>
100 F Street, NE <br>
Washington, DC 20549 </P>
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&nbsp;</TD>
	<TD width=5% valign=top>
<B>Re:    </B> 	</TD>
	<TD>
<P align="justify">
<B>China BAK Battery, Inc. </B><BR>
<B>Form 10-K for the Fiscal Year Ended September 30, 2012 </B><BR>
<B>Filed December 31, 2012 </B><BR>
<B>Form 10-Q for the Quarterly Period Ended June 30, 2013 </B><BR>
<B>Filed August 19, 2013 </B><BR>
<B>File No. 001-32898 </B></P>
	</TD>
</TR>
</TABLE>
<P align="justify">
Dear Ms. Bennett: </P>
<P align="justify" style="text-indent: 5%">
 On behalf of China BAK Battery, Inc. (the &ldquo;<I>Company</I>&rdquo;), we hereby submit the Company&rsquo;s responses to comment #2 included in the letter of the staff (the &ldquo;<I>Staff&rdquo;</I>) of the Securities and Exchange Commission
(the &ldquo;<I>Commission</I>&rdquo;), dated October 9, 2013, with respect to the above-referenced Form 10-K for the fiscal year ended September 30, 2012 (the &ldquo;<I>Form</I> <I>10-K</I>&rdquo;) and the Form 10-Q for the quarterly period ended
June 30, 2013 (the &ldquo;<I>Form</I> <I>10-Q</I>&rdquo;).  </P>
<P align="justify" style="text-indent: 5%">
 For the convenience of the Staff, a summary of the Staff&rsquo;s comments is included and is followed by the corresponding response of the Company.  References in this letter to &ldquo;we,&rdquo; &ldquo;us&rdquo; and &ldquo;our&rdquo; refer to the
Company, and &ldquo;you&rdquo; and &ldquo;your&rdquo; refer to the Staff, unless the context indicates otherwise. </P>
<P align="justify">
<B><U>Form 10-Q for the Quarterly Period Ended June 30, 2013 </U></B><B> </B></P>
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	<TD width=5% valign=top>
<B>2. </B> 	</TD>
	<TD>
<P align="justify">
<B>We note that you recorded bad debt recoveries of &#36;14.5 million in the nine months ended June 30, 2013 due to the return of products from customers. Please separately address each of the following: </B></P>
	</TD>
</TR>
</TABLE>
<ul>
  <li>
<P align="justify" style="margin-top: 0; margin-bottom: 12"><B>Provide us with a detailed description of the transactions that resulted in the recoveries, including a description of the products sold, the original dates and the amounts of the sales, the amounts you collected on the related
accounts receivables, the amounts of the allowance for losses established for these accounts receivables and the amounts recovered.</B></P>
	</li>
  <li>
<P align="justify" style="margin-top: 0; margin-bottom: 12"><B>Tell us whether you were able to sell the products returned to you and whether any amounts remain in inventory to date.</B></P>
	</li>
  <li>
<P align="justify" style="margin-top: 0; margin-bottom: 12"><B>Tell us the
amounts of the inventory write-downs you recorded relating to the returned
products.</B></P>
	</li>
  <li>
<P align="justify" style="margin-top: 0; margin-bottom: 12"><B>Identify the customers for us and tell us whether any of them were considered related-parties as defined by FASB ASC 850, and if so,
      describe the relationship.</B></P>
	</li>
  <li>
<P align="justify" style="margin-top: 0; margin-bottom: 12"><B>Tell us whether you entered into any other
      transactions with any of these customers, and if so, describe to us your
      collection history on those transactions.</B></P>
	</li>
</ul>
<p>&nbsp;</p>
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<P align=justify>Jeanne Bennett <BR>November 20, 2013 <BR>Page 2 of 4 </P>
<P align=justify><B>COMPANY RESPONSE:</B> In response to Staff&#146;s comment, we
would like to advise the identity of the customers who returned products to us
that resulted in our recording of bad debt recoveries of $14.5 million during
the nine months ended June 30, 2013 as follows. None of them
<B><U>are</U></B><B> </B><B><U>considered our related parties as defined by FASB
ASC 850</U></B>. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%" style="border-style: none; border-width: medium" height="15"></TD>
    <TD vAlign=top width="5%" style="border-style: none; border-width: medium" height="15">1. </TD>
    <TD height="15" style="border-style: none; border-width: medium">
      <P align=justify>Dongguan Yalitong Electronics Co., Ltd</P></TD></TR>
  <TR>
    <TD width="5%" style="border-style:none; border-width:medium; " height="15"></TD>
    <TD width="5%" style="border-style:none; border-width:medium; " height="15"></TD>
    <TD style="border-style: none; border-width: medium" height="15"></TD></TR>
  <TR>
    <TD vAlign=top width="5%" style="border-style:none; border-width:medium; " height="15"></TD>
    <TD vAlign=top width="5%" style="border-style:none; border-width:medium; " height="15">2. </TD>
    <TD height="15" style="border-style: none; border-width: medium">
      <P align=justify>Scud Group Limited</P></TD></TR>
  <TR>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD height="15" style="border-style: none; border-width: medium"></TD></TR>
  <TR>
    <TD vAlign=top width="5%" height="17" style="border-style: none; border-width: medium"></TD>
    <TD vAlign=top width="5%" height="17" style="border-style: none; border-width: medium">3. </TD>
    <TD height="17" style="border-style: none; border-width: medium">
      <P align=justify>Shenzhen Fenglitai Electronics Co., Ltd</P></TD></TR>
  <TR>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD height="15" style="border-style: none; border-width: medium"></TD></TR>
  <TR>
    <TD vAlign=top width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD vAlign=top width="5%" height="15" style="border-style: none; border-width: medium">4. </TD>
    <TD height="15" style="border-style: none; border-width: medium">
      <P align=justify>Shenzhen Fuheqing Industrial Development
Limited</P></TD></TR>
  <TR>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD height="15" style="border-style: none; border-width: medium"></TD></TR>
  <TR>
    <TD vAlign=top width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD vAlign=top width="5%" height="15" style="border-style: none; border-width: medium">5. </TD>
    <TD height="15" style="border-style: none; border-width: medium">
      <P align=justify>Arun Industrial Co. , Ltd</P></TD></TR>
  <TR>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD height="15" style="border-style: none; border-width: medium"></TD></TR>
  <TR>
    <TD vAlign=top width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD vAlign=top width="5%" height="15" style="border-style: none; border-width: medium">6. </TD>
    <TD height="15" style="border-style: none; border-width: medium">
      <P align=justify>Erdos Lijia Energy Co., Ltd</P></TD></TR>
  <TR>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD height="15" style="border-style: none; border-width: medium"></TD></TR>
  <TR>
    <TD vAlign=top width="5%" height="15" style="border-style: none; border-width: medium"></TD>
    <TD vAlign=top width="5%" height="15" style="border-style: none; border-width: medium">7. </TD>
    <TD height="15" style="border-style: none; border-width: medium">
      <P align=justify>Shenzhen Yuepu Technology Ltd</P></TD></TR></TABLE>
<P align=justify>Below is a detailed description of the transactions that
resulted in the recoveries:-</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 8pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left valign="bottom"><font size="2">&nbsp; </font> </TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center width="8%" valign="bottom">
    <font size="2">&nbsp; </font>
    </TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center
width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center width="8%" valign="bottom">
    <font size="2">&nbsp; </font>
    </TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center
width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center width="8%" valign="bottom">
    <font size="2">Period
      from </font> </TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center
width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center width="8%" valign="bottom">
    <font size="2">AR - </font> </TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center
width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">Consolidated </font> </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
    align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left valign="bottom">
    <p style="margin-left: 5pt"><font size="2">From the seven
      customers </font> </TD>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=center width="8%" valign="bottom"><font size="2">Year ended </font> </TD>
    <TD align=center width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center
    width="1%" valign="bottom">&nbsp;</TD>
    <TD align=center width="8%" valign="bottom"><font size="2">Year ended </font> </TD>
    <TD align=center width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center
    width="1%" valign="bottom">&nbsp;</TD>
    <TD align=center width="8%" valign="bottom"><font size="2">10/1/2012 to
    </font> </TD>
    <TD align=center width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center
    width="1%" valign="bottom">&nbsp;</TD>
    <TD align=center width="8%" valign="bottom"><font size="2">Others at </font> </TD>
    <TD align=center width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center
    width="1%" valign="bottom">&nbsp;</TD>
    <TD align=center width="8%" valign="bottom"><font size="2">Net AR at </font> </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left
  width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left valign="bottom">
    <p style="margin-left: 5pt"><font size="2">listed above </font> </TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">9/30/2011 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">9/30/2012 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">6/30/2013 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">6/30/2013 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">6/30/2013 </font> </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left valign="bottom">
    <font size="2">&nbsp; </font> </TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">US$&#146;000 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">US$&#146;000 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">US$&#146;000 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">US$&#146;000 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%" valign="bottom"><font size="2">US$&#146;000 </font> </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left valign="bottom">
    <p style="margin-left: 5pt"><font size="2">Description of products sold
    </font> </TD>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" valign="bottom"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="30%"
    colSpan=7 valign="bottom"><font size="2">Prismatic cells, cylindrical cells and lithium polymer cells
    </font> </TD>
    <TD align=center width="2%" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom"></TD>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center width="1%" valign="bottom"></TD>
    <TD align=center width="8%" valign="bottom"></TD>
    <TD align=center width="2%" valign="bottom"></TD>
    <TD align=center width="1%" valign="bottom"></TD>
    <TD align=center width="8%" valign="bottom"></TD>
    <TD style="BORDER-RIGHT: medium none #000000; " align=left
  width="2%" valign="bottom"></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 8pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom"><font size="2">Net AR at beginning of year
    </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">2,253
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">14,411
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">2,511
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom"><font size="2">Total sales </font> </TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">29,108 </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">14,716 </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">2,021 </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"><font size="2">&nbsp; </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"><font size="2">&nbsp; </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom"><font size="2">Collection up to year/period end
    </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom"><font size="2">&nbsp; &nbsp;Cash </font> </TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">(16,461</TD>
    <TD align=left width="2%" valign="bottom">) </font> </TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">(10,518</TD>
    <TD align=left width="2%" valign="bottom">) </font> </TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">(17</TD>
    <TD align=left width="2%" valign="bottom">) </font> </TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"><font size="2">&nbsp; </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"><font size="2">&nbsp; </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom"><font size="2">Cash (in relation to previously impaired
      AR) </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">-
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">-
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">(1,441</TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">) </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom"><font size="2">Return of goods in order to set off long outstanding AR
    </font> </TD>
    <TD align=left width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">
    <font size="2">- </font> </TD>
    <TD align=left width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">
    <font size="2">- </font> </TD>
    <TD align=left width="2%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">
    <font size="2">(14,462</TD>
    <TD align=left width="2%" valign="bottom">)* </font> </TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom"><font size="2">&nbsp; </font> </TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=right width="8%"
    bgColor=#e6efff valign="bottom"><font size="2">14,900 </font> </TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=left width="2%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=right width="8%"
    bgColor=#e6efff valign="bottom"><font size="2">18,609 </font> </TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=left width="2%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:solid; border-top-width:1" align=right width="8%"
    bgColor=#e6efff valign="bottom"><font size="2">(11,388</TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">) </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"><font size="2">&nbsp;
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"><font size="2">&nbsp;
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom"><font size="2">Movement in provision for bad debts
    </font> </TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom"><font size="2">&nbsp;&nbsp; Further provision for the
      year/period </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">(584</TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">) </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">(16,105</TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">) </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff valign="bottom"><font size="2">(2,897</TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">) </font> </TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom"><font size="2">&nbsp; &nbsp;Recovery by cash
    </font> </TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">- </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">- </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">1,441 </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"><font size="2">&nbsp; </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"><font size="2">&nbsp; </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom"><font size="2">&nbsp;&nbsp; Recoveries by return of
      products from customers </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"
    bgColor=#e6efff valign="bottom"><B><font size="2">-</font></B><font size="2">
    </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"
    bgColor=#e6efff valign="bottom"><font size="2">- </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"
    bgColor=#e6efff valign="bottom"><font size="2">14,462 </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom"><font size="2">&nbsp;&nbsp; Provision for bad debts ((charge to) credit to
      P/L) </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
width="8%" valign="bottom"><font size="2">(584</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%" valign="bottom">)
    </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
    width="8%" valign="bottom"><font size="2">(16,105</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%" valign="bottom">)
    </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" valign="bottom">
    <font size="2">13,006 </font>
    </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom"><font size="2">Exchange realignment
    </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"
    bgColor=#e6efff valign="bottom"><font size="2">95 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"
    bgColor=#e6efff valign="bottom"><font size="2">7 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"
    bgColor=#e6efff valign="bottom"><font size="2">43 </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"><font size="2">&nbsp;
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff valign="bottom"><font size="2">&nbsp;
    </font> </TD>
    <TD align=left width="2%" bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom"><font size="2">Net AR at year/period end (related to the seven customers
      only) </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left
    width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right
      width="8%" valign="bottom"><font size="2">14,411 </font> </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left
    width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" valign="bottom">
    <font size="2">2,511 </font>
    </TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left
    width="2%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left
    width="1%" valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" valign="bottom">
    <font size="2">1,661 </font>
    </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">48,192 </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD>
    <TD align=left width="1%" valign="bottom">&nbsp;</TD>
    <TD align=right width="8%" valign="bottom"><font size="2">49,853 </font> </TD>
    <TD align=left width="2%" valign="bottom">&nbsp;</TD></TR></TABLE>
<P align=center>2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_3></A>
<P align=justify>Jeanne Bennett <br>
November 20, 2013 <br>
Page 3 of 4 </P>
<P align=justify>* We recorded bad debt recoveries of US$14.46 million in the
nine months ended June 30, 2013 due to the return of products from customers. We
were able to sell part of the inventories these seven customers returned to us,
and we impaired the remaining inventories, as detailed below:-</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 valign="bottom">&nbsp; </TD>
    <TD align=left width="1%" valign="bottom" >&nbsp;</TD>
    <TD align=left width="11%" valign="bottom">&nbsp; </TD>
    <TD align=left width="2%" valign="bottom" >&nbsp;</TD>
    <TD align=left width="1%" valign="bottom" >&nbsp;</TD>
    <TD align=center width="11%" valign="bottom">Amount </TD>
    <TD align=left width="2%" valign="bottom" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom">&nbsp; </TD>
    <TD align=left width="1%" valign="bottom" >&nbsp;</TD>
    <TD align=left width="11%" valign="bottom">&nbsp; </TD>
    <TD align=left width="2%" valign="bottom" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" valign="bottom"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="11%" valign="bottom">(US$&#146;000)</TD>
    <TD align=left width="2%" valign="bottom" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">Original sales amount of the returned goods
      (including 17% VAT) </TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=right width="11%" bgColor=#e6efff valign="bottom">14,462 </TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">17% VAT of Original sales </TD>
    <TD align=left width="1%" valign="bottom" >&nbsp;</TD>
    <TD align=left width="11%" valign="bottom">&nbsp; </TD>
    <TD align=left width="2%" valign="bottom" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" valign="bottom"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
    width="11%" valign="bottom">(2,101</TD>
    <TD align=left width="2%" valign="bottom" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">Original sales amount of the returned goods
      (net of VAT) (debit against sales (sales return) upon return of goods) </TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
     bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"
    bgColor=#e6efff valign="bottom">12,361 </TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">&nbsp; </TD>
    <TD width="1%" valign="bottom" >&nbsp;</TD>
    <TD width="11%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom" >&nbsp;</TD>
    <TD width="1%" valign="bottom" >&nbsp;</TD>
    <TD width="11%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">Original cost of the returned goods (credit
      against cost of goods sold upon return of goods) </TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=left width="1%"
     bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"
    bgColor=#e6efff valign="bottom">9,984 </TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR>
    <TD valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">&nbsp; </TD>
    <TD width="1%" valign="bottom" >&nbsp;</TD>
    <TD width="11%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom" >&nbsp;</TD>
    <TD width="1%" valign="bottom" >&nbsp;</TD>
    <TD width="11%" valign="bottom">&nbsp; </TD>
    <TD width="2%" valign="bottom" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">&nbsp; &nbsp; &nbsp; &nbsp;Sales of
      returned goods up to 6/30/2013:- </TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;- Sales proceed
      (net of VAT) </TD>
    <TD align=left width="1%" valign="bottom" >&nbsp;</TD>
    <TD align=right width="11%" valign="bottom">1,406 </TD>
    <TD align=left width="2%" valign="bottom" style="border-bottom-style: none; border-bottom-width: medium" >&nbsp;</TD>
    <TD align=left width="1%" valign="bottom" >&nbsp;</TD>
    <TD align=left width="11%" valign="bottom">&nbsp; </TD>
    <TD align=left width="2%" valign="bottom" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;-
      Loss amount (these inventory were sold at a loss) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" align=right width="11%"
    bgColor=#e6efff valign="bottom">3,398 </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" align=left width="2%"
     bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom" style="border-left-style: none; border-left-width: medium">&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff valign="bottom">&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">&nbsp; &nbsp; &nbsp; &nbsp;Cost of goods sold (returned
      goods) </TD>
    <TD align=left width="1%" valign="bottom" >&nbsp;</TD>
    <TD align=right width="11%" valign="bottom" style="border-right-style: none; border-right-width: medium">4,804 </TD>
    <TD align=left width="2%" valign="bottom" style="border-style: none; border-width: medium" >&nbsp;</TD>
    <TD align=left width="1%" valign="bottom" style="border-left-style: none; border-left-width: medium" >&nbsp;</TD>
    <TD align=right width="11%" valign="bottom">(4,804</TD>
    <TD align=left width="2%" valign="bottom" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Write-downs of remaining inventories up to 6/30/2013 (also charged to cost
      of goods sold) </TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom">&nbsp;</TD>
    <TD align=left width="11%" bgColor=#e6efff valign="bottom"></TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
    <TD align=right width="11%" bgColor=#e6efff valign="bottom" style="border-bottom-style: solid; border-bottom-width: 1">(3,502</TD>
    <TD align=left width="2%"  bgColor=#e6efff valign="bottom">) </TD></TR>
  <TR vAlign=top>
    <TD align=left valign="bottom">
    <p style="text-indent: -10pt; margin-left: 10pt">Closing inventory at 6/30/2013 (related to returned goods
      from the above 7 customers) </TD>
    <TD align=left width="1%" valign="bottom" >&nbsp;</TD>
    <TD align=left width="11%" valign="bottom"></TD>
    <TD align=left width="2%" valign="bottom" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" align=left width="1%" valign="bottom"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: 3px double #000000; ; border-top-style:solid; border-top-width:1" align=right
      width="11%" valign="bottom">1,678 </TD>
    <TD align=left width="2%" valign="bottom" >&nbsp;</TD></TR></TABLE>
<P align=center>************************************************** </P>
<P align=justify>In connection with the Company&#146;s response to the foregoing
comments, the Company hereby acknowledges that </P>
<ul>
  <li>
      <P align=justify style="margin-top: 0; margin-bottom: 12">the Company is responsible for the adequacy and accuracy
      of the disclosure in the filing;</P></li>
  <li>
      <P align=justify style="margin-top: 0; margin-bottom: 12">Staff comments or changes to disclosure in response to
      Staff comments do not foreclose the Commission from taking any action with
      respect to the filing; and</P></li>
  <li>
      <P align=justify style="margin-top: 0; margin-bottom: 12">the Company may not assert Staff comments as a defense in
      any proceeding initiated by the Commission or any person under the federal
      securities laws of the United States.</P></li>
</ul>
<P align=center>3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>


<!--$$/page=-->
<A name="page_4"></A>

<P align="justify">
Jeanne Bennett <br>
November 20, 2013 <br>
Page 4 of 4 </P>
<P align="justify">
If you would like to discuss any of our responses to the Staff&rsquo;s comments or if you would like to discuss any other matters, please contact Thomas M. Shoesmith at (650)-233-4553, of Pillsbury Winthrop Shaw Pittman LLP, our outside counsel. </P>
<P align="justify" style="margin-left: 50%">
Sincerely, <br>
<BR>
CHINA BAK BATTERY, INC. <br>
<BR>
By: <U>/s/ Xiangqian Li&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;&nbsp;&nbsp; </U>&nbsp;<BR>
Xiangqian Li <BR>
Chief Executive Officer <BR>
</P>
<P align="center">
4 <BR>
</P>

<HR noshade align="center" width="100%" size=5 color="black">


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
