<SEC-DOCUMENT>0001062993-14-004657.txt : 20140811
<SEC-HEADER>0001062993-14-004657.hdr.sgml : 20140811
<ACCEPTANCE-DATETIME>20140808140759
ACCESSION NUMBER:		0001062993-14-004657
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140926
FILED AS OF DATE:		20140808
DATE AS OF CHANGE:		20140808
EFFECTIVENESS DATE:		20140808

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:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32898
		FILM NUMBER:		141026900

	BUSINESS ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422
		BUSINESS PHONE:		86-755-8977-0093

	MAIL ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDINA COFFEE INC
		DATE OF NAME CHANGE:	20000626
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>def14a.htm
<DESCRIPTION>DEF 14A
<TEXT>
<HTML>
<HEAD>
   <TITLE>China BAK Battery, Inc.: Schedule 14A - 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></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR><B>WASHINGTON, D.C.
20549 </B></P>
<P align=center><B><FONT size=5>SCHEDULE 14A </FONT></B></P>
<P align=center>Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 </P>
<P align=justify>Filed by the Registrant [X] <BR>Filed by a Party other than the
Registrant [_] </P>
<P align=justify>Check the appropriate box: </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>[_] </TD>
    <TD align=left width="95%">Preliminary Proxy Statement </TD></TR>
  <TR vAlign=top>
    <TD align=left>[_] </TD>
    <TD align=left width="95%">Confidential, For Use of the Commission Only
      (As Permitted by Rule 14a-6(e)(2)) </TD></TR>
  <TR vAlign=top>
    <TD align=left>[X] </TD>
    <TD align=left width="95%">Definitive Proxy Statement </TD></TR>
  <TR vAlign=top>
    <TD align=left>[_] </TD>
    <TD align=left width="95%">Definitive Additional Materials </TD></TR>
  <TR vAlign=top>
    <TD align=left>[_] </TD>
    <TD align=left width="95%">Soliciting Material under Rule 14a-12
  </TD></TR></TABLE>
<P align=center><B><FONT size=5><FONT size=4><FONT size=3><FONT size=2><FONT
size=1><FONT size=5>CHINA BAK BATTERY, INC.
</FONT></FONT></FONT></FONT></FONT></FONT><BR></B>(Name of Registrant as
Specified In Its Charter) </P>
<P
align=center>___________________________________________________________________<BR>(Name
of Person(s) Filing Proxy Statement, if other than the Registrant) </P>
<P align=justify>Payment of Filing Fee (Check the appropriate box): </P>
<DIV>
<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>[X] </TD>
    <TD align=left width="95%">No fee required </TD></TR>
  <TR vAlign=top>
    <TD align=left>[_] </TD>
    <TD align=left width="95%">Fee computed on table below per Exchange Act
      Rules 14a-6(i)(1) and 0-11. </TD></TR></TABLE></DIV><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>&nbsp;</TD>
    <TD align=left width="5%">(1) </TD>
    <TD align=left width="90%">
      <P align=justify>Title of each class of securities to which transaction
      applies: </P></TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">(2) </TD>
    <TD align=left width="90%">
      <P align=justify>Aggregate number of securities to which transaction
      applies: </P></TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="5%">(3) </TD>
    <TD align=left width="90%">
      <P align=justify>Per unit price or other underlying value of transaction
      computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which
      the filing fee is calculated and state how it was determined): </P></TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">(4) </TD>
    <TD align=left width="90%">
      <P align=justify>Proposed maximum aggregate value of transaction:
  </P></TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">(5) </TD>
    <TD align=left width="90%">
      <P align=justify>Total fee paid: </P></TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</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>[_] </TD>
    <TD align=left width="95%">
      <P align=justify>Fee paid previously with preliminary materials.
</P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD width="95%">
      <P align=justify></P></TD></TR>
  <TR vAlign=top>
    <TD align=left>[_] </TD>
    <TD align=left width="95%">
      <P align=justify>Check box if any part of the fee is offset as provided by
      Exchange Act Rule 0-11(a)(2) and identify the filing for which the
      offsetting fee was paid previously. Identify the previous filing by
      registration statement number, or the form or schedule and the date of its
      filing. </P></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 >&nbsp;</TD>
    <TD align=left width="5%">(1) </TD>
    <TD align=left width="90%">Amount Previously Paid: </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%">(2) </TD>
    <TD align=left width="90%">Form, Schedule or Registration Statement No.:
    </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%">(3) </TD>
    <TD align=left width="90%">Filing Party: </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%">(4) </TD>
    <TD align=left width="90%">Date Filed: </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="90%">&nbsp;</TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_2></A>
<P align=center>&nbsp;<img border="0" src="def14a1.jpg" width="423" height="59"></P>
<P align=center><B>NOTICE OF 2014 ANNUAL MEETING OF STOCKHOLDERS</B> <BR><B>To
Be Held On September 26, 2014</B><B> </B></P>
<P align=justify>To the Stockholders of CHINA BAK BATTERY, INC.: </P>
<P align=justify style="text-indent: 5%">You are cordially invited to attend the 2014 Annual Meeting of
Stockholders (the &#147;Annual Meeting&#148;) of China BAK Battery, Inc., a Nevada
corporation (the &#147;Company&#148;) on Friday, September 26, 2014, at 9:00 a.m., local
time, at BAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian
City, 116422, China.</P>
<P align=justify style="text-indent: 5%">We are now filing this proxy statement on Schedule 14A with the
SEC in order to provide the disclosures required by the rules and regulations of
the SEC in connection with the Annual Meeting, which will be held for the
following purposes: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify>To elect five (5) persons to the Board of Directors of
      the Company, each to serve until the next annual meeting of stockholders
      of the Company or until such person shall resign, be removed or otherwise
      leave office;</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%">2. </TD>
    <TD>
      <P align=justify>To ratify the appointment of Crowe Horwath (HK) CPA
      Limited as the Company&#146;s independent registered public accounting firm for
      the fiscal year ending September 30, 2014;</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%">3. </TD>
    <TD>
      <P align=justify>To have an advisory vote on executive compensation;
      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%">4. </TD>
    <TD>
      <P align=justify>To transact such other business as may properly come
      before the Annual Meeting or any adjournment or postponement
    thereof.</P></TD></TR></TABLE>
<P align=justify style="text-indent: 5%">Only stockholders of record at the close of business on August
4, 2014 (the &#147;Record Date&#148;) are entitled to notice and to vote at the Annual
Meeting and any adjournment or postponement thereof. </P>
<P align=justify style="text-indent: 5%">A Proxy Statement describing the matters to be considered at
the Annual Meeting is attached to this Notice. Our 2013 Annual Report is part of
the full set of our proxy materials, but it is not deemed to be part of the
Proxy Statement. </P>
<P align=justify style="text-indent: 5%"><B>It is important that your shares are represented at the
Annual Meeting. We urge you to review the attached Proxy Statement and, whether
or not you plan to attend the Annual Meeting in person, please vote your shares
promptly by casting your vote via the Internet or, if you receive a full set of
proxy materials by mail or request one be mailed to you, and prefer to mail your
proxy or voter instructions, please complete, sign, date, and return your proxy
or vote instruction form in the pre-addressed envelope provided, which requires
no additional postage if mailed in the United States. You may revoke your vote
by submitting a subsequent vote over the Internet or by mail before the Annual
Meeting, or by voting in person at the Annual Meeting.</B> </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_3></A>
<P align=justify style="text-indent: 5%">If you plan to attend the meeting, please notify us of your
intentions. This will assist us with meeting preparations. If your shares are
not registered in your own name and you would like to attend the Annual Meeting,
please follow the instructions contained in the Notice of Internet Availability
of Proxy Materials that is being mailed to you and any other information
forwarded to you by your broker, trust, bank, or other holder of record to
obtain a valid proxy from it. This will enable you to gain admission to the
Annual Meeting and vote in person. </P>
<P style="MARGIN-LEFT: 50%" align=justify>By Order of the Board of Directors,
<BR><U>/s/ Xiangqian
Li&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<BR></U>Secretary </P>
<P align=justify>August 8, 2014 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_4></A>
<P align=center><B>TABLE OF CONTENTS</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 bgColor=#eeeeee><B>PROXY STATEMENT</B> </TD>
    <TD vAlign=bottom align=right width="5%" bgColor=#eeeeee
      ><B>1</B><B></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>QUESTIONS AND ANSWERS ABOUT VOTING</B> </TD>
    <TD vAlign=bottom align=right width="5%" ><B>1</B><B></B>
  </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee><B>SECURITIES OWNERSHIP OF CERTAIN
      BENEFICIAL OWNERS AND MANAGEMENT AND RELATED</B> <B>STOCKHOLDER
      MATTERS</B> </TD>
    <TD vAlign=bottom align=right width="5%" bgColor=#eeeeee
      ><B>5</B><B></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>PROPOSAL NO. 1 ELECTION OF DIRECTORS</B> </TD>
    <TD vAlign=bottom align=right width="5%" ><B>7</B><B></B>
  </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee><B>REPORT OF THE AUDIT COMMITTEE</B> </TD>
    <TD vAlign=bottom align=right width="5%" bgColor=#eeeeee
      ><B>14</B><B></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013</B> </TD>
    <TD vAlign=bottom align=right width="5%" ><B>14</B><B></B>
  </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee><B>EXECUTIVE COMPENSATION</B> </TD>
    <TD vAlign=bottom align=right width="5%" bgColor=#eeeeee
      ><B>15</B><B></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>PROPOSAL NO. 2 &#150; RATIFICATION OF SELECTION OF
      INDEPENDENT AUDITORS</B> </TD>
    <TD vAlign=bottom align=right width="5%" ><B>19</B><B></B>
  </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee><B>PROPOSAL NO. 3 &#150; ADVISORY VOTE TO
      APPROVE EXECUTIVE COMPENSATION</B> </TD>
    <TD vAlign=bottom align=right width="5%" bgColor=#eeeeee
      ><B>21</B><B></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>OTHER INFORMATION</B> </TD>
    <TD vAlign=bottom align=right width="5%" ><B>22</B><B></B>
  </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee><B>GENERAL</B> </TD>
    <TD vAlign=bottom align=right width="5%" bgColor=#eeeeee
      ><B>22</B><B></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>STOCKHOLDER COMMUNICATIONS</B> </TD>
    <TD vAlign=bottom align=right width="5%" ><B>22</B><B></B>
  </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee><B>STOCKHOLDER PROPOSALS FOR THE 2015
      ANNUAL MEETING</B> </TD>
    <TD vAlign=bottom align=right width="5%" bgColor=#eeeeee
      ><B>22</B><B></B> </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>ANNUAL REPORT ON FORM 10-K</B> </TD>
    <TD vAlign=bottom align=right width="5%" ><B>22</B><B></B>
  </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_5></A><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=center><B>CHINA BAK BATTERY, INC.</B> </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>BAK Industrial Park, </TD></TR>
  <TR vAlign=top>
    <TD align=center>Meigui Street, Huayuankou Economic Zone, </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Dalian City, 116422, China </TD></TR>
  <TR>
    <TD align=center>-------------------------------</TD></TR>
  <TR vAlign=bottom>
    <TD align=center><B>PROXY STATEMENT</B> </TD></TR>
  <TR>
    <TD align=center
  >-------------------------------</TD></TR></TABLE>
<P align=justify style="text-indent: 5%">This Proxy Statement and the accompanying proxy are being
furnished with respect to the solicitation of proxies by the Board of Directors
of China BAK Battery, Inc., a Nevada corporation (the &#147;Company&#148; or &#147;we&#148;), for
the Company&#146;s 2014 Annual Meeting of Stockholders (the &#147;Annual Meeting&#148;). The
Annual Meeting is to be held at 9:00 a.m., local time, on Friday, September 26,
2014, and at any adjournment(s) or postponement(s) thereof, at the principal
executive offices of the Company, located at BAK Industrial Park, Meigui Street,
Huayuankou Economic Zone, Dalian City, 116422, China. </P>
<P align=justify style="text-indent: 5%">The approximate date on which the Proxy Statement and form of
proxy card are intended to be sent or made available to stockholders is on or
about August 8, 2014. </P>
<P align=justify style="text-indent: 5%">We are asking you to elect the five nominees identified in this
proxy statement as directors of the Company until the next annual meeting of
stockholders, to ratify our selection of Crowe Horwath (HK) CPA Limited as our
registered public accounting firm for our fiscal year ending September 30, 2014,
and to consider an advisory vote to approve executive compensation. </P>
<P align=justify style="text-indent: 5%">We will also transact such other business as may properly come
before the Annual Meeting or any adjournment thereof. </P>
<P align=center><B>QUESTIONS AND ANSWERS ABOUT VOTING </B></P>
<P align=justify><B>Why am I receiving these materials? </B></P>
<P align=justify style="text-indent: 5%">Our records indicate that you owned your shares of Company
common stock at the close of business on August 4, 2014 (the &#147;Record Date&#148;). You
have been sent this Proxy Statement and the enclosed proxy card because the
Company is soliciting your proxy to vote your shares of common stock at the
Annual Meeting on the proposals described in this Proxy Statement. </P>
<P align=justify><B>What am I voting on? </B></P>
<P align=justify style="text-indent: 5%">There are three matters scheduled for a vote: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">the election of the five nominees identified in this Proxy Statement as
  directors, each to serve until the next annual meeting of stockholders of the
  Company or until such person shall resign, be removed or otherwise leave
  office (&#147;Proposal 1&#148;);
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">the ratification of the appointment of Crowe Horwath (HK) CPA Limited as
  the Company&#146;s independent registered public accounting firm for the fiscal
  year ending September 30, 2014 (&#147;Proposal 2&#148;); and
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">an advisory vote to approve executive compensation (&#147;Proposal 3&#148;).
</LI></UL>
<P align=justify><B>Who is entitled to vote at the Annual Meeting? </B></P>
<P align=justify style="text-indent: 5%">All owners of our common stock as of the close of business on
the Record Date are entitled to vote their shares of common stock at the Annual
Meeting and any adjournment or postponement thereof. As of the Record Date, a
total of 12,619,597 shares of common stock are outstanding and eligible to vote
at the Annual Meeting. Each share of common stock is entitled to one vote on
each matter properly brought before the Annual Meeting. The enclosed proxy card
or voting instruction card shows the number of shares you are entitled to vote
at the Annual Meeting. </P>
<P align=justify style="text-indent: 5%"><I>Stockholder of Record: Shares Registered in Your Name
</I></P>
<P align=center>1 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_6></A>
<P align=justify style="text-indent: 5%">If on the Record Date your shares were registered directly in
your name with the Company, then you are a stockholder of record. As a
stockholder of record, you may vote in person at the Annual Meeting or vote by
proxy. Whether or not you plan to attend the Annual Meeting, to ensure your vote
is counted, we encourage you to vote either by Internet or by filling out and
returning the enclosed proxy card. </P>
<P align=justify style="text-indent: 5%"><I>Beneficial Owner: Shares Registered in the Name of a Broker
or Bank </I></P>
<P align=justify style="text-indent: 5%">If on the Record Date your shares were held in an account at a
brokerage firm, bank, dealer, or other similar organization, then you are the
beneficial owner of shares held in &#147;street name&#148; and these proxy materials are
being forwarded to you by that organization. The organization holding your
account is considered the stockholder of record for purposes of voting at the
Annual Meeting. As the beneficial owner, you have the right to direct your
broker or other agent on how to vote the shares in your account.</P>
<P align=justify><B>How do I vote? </B></P>
<P align=justify style="text-indent: 5%">Your shares may only be voted at the Annual Meeting if you are
present in person or are represented by proxy. Whether or not you plan to attend
the Annual Meeting, we encourage you to vote by proxy to ensure that your shares
will be represented. To vote by proxy, complete the enclosed proxy card and mail
it in the postage-paid envelope  provided, or you may vote by using the Internet
in accordance with the instructions provided on the enclosed proxy card. The
Internet voting procedures are designed to authenticate stockholders&#146;
identities, to allow stockholders to vote their shares and to confirm that their
instructions have been properly recorded. </P>
<P align=justify style="text-indent: 5%">You may revoke your proxy at any time before it is exercised by
timely submission of a written revocation to our Secretary, submission of a
properly executed later-dated proxy or by timely voting by ballot at the Annual
Meeting. Voting by proxy will in no way limit your right to vote at the Annual
Meeting if you later decide to attend in person. Attendance at the Annual
Meeting will not by itself constitute a revocation of your proxy &#150; you must vote
at the Annual Meeting. </P>
<P align=justify style="text-indent: 5%">If your shares are held in the name of a brokerage firm, bank,
dealer or other similar organization that holds your shares in &#147;street name,&#148;
you will receive instructions from that organization that you must follow in
order for your shares to be voted. </P>
<P align=justify style="text-indent: 5%">All shares that you are entitled to vote and that are
represented by a properly-completed proxy received prior to the Annual Meeting
and not revoked will be voted at the Annual Meeting in accordance with the
instructions on the proxy. If you properly deliver your proxy but fail to
indicate how your shares should be voted, the shares represented by your proxy
will be voted FOR Proposal 1, FOR Proposal 2, FOR Proposal 3 and in the
discretion of the persons named in the proxy as proxy appointees as to any other
matter that may properly come before the Annual Meeting. </P>
<P align=justify><B>Who may attend the Annual Meeting? </B></P>
<P align=justify style="text-indent: 5%">All stockholders that were stockholders of
the Company as of the
Record Date, or their authorized representatives, may attend the Annual Meeting.
Admission to the Annual Meeting will be on a first-come, first-served basis. If
your shares are held in the name of a brokerage firm, bank, dealer or other
similar organization that holds your shares in &#147;street name&#148; and you plan to
attend the Annual Meeting, you should bring proof of ownership to the Annual
Meeting, such as a current bank or brokerage account statement, to ensure your
admission. </P>
<P align=justify><B>How will votes be counted? </B></P>
<P align=justify style="text-indent: 5%">The Annual Meeting will be held if a quorum, consisting of
thirty-three and one-third percent (33-1/3%) of the outstanding shares of common
stock entitled to vote as of the Record Date, is represented in person or by
proxy. Abstentions and broker &#147;non-votes&#148; will be counted as present and
entitled to vote for purposes of determining a quorum. A broker &#147;non-vote&#148;
occurs when a nominee, such as a bank or broker, holding shares for a beneficial
owner, does not vote on a particular proposal because the nominee does not have
discretionary voting power with respect to that item and has not received
instructions from the beneficial owner. Under the rules of the New York Stock
Exchange (the &#147;NYSE&#148;), absent instructions from the beneficial owners, banks and
brokers who hold shares in street name for beneficial owners have the authority
to vote on routine corporate matters. The approval of the change of our
company&#146;s name and the ratification of the appointment of our independent
registered public accounting firm are considered to be routine matters, while
the election of directors and the advisory vote to approve executive
compensation are not. </P>
<P align=justify style="text-indent: 5%"><I>Proposal 1</I>. With respect to the nominees for director
listed under &#147;Proposal 1 &#150; Election of Directors,&#148; to be elected, each nominee
must receive at least a plurality of the votes cast at the Annual Meeting
(assuming a quorum is present) with respect to that nominee&#146;s election. A
&#147;plurality&#148; means that the individuals who receive the largest number of votes
are elected as directors up to the maximum number of directors to be chosen at
the election. In the election of directors, you may vote &#147;FOR,&#148; &#147;AGAINST&#148; or &#147;ABSTAIN&#148; with respect to each nominee. If you elect to abstain
in the election of directors, the abstention will not impact the election of
directors. In tabulating the voting results for the election of directors, only
&#147;FOR&#148; and &#147;AGAINST&#148; votes are counted. Broker &#147;non-votes&#148; will not be counted as
a vote cast with respect to a nominee and will therefore not affect the outcome
of the vote on Proposal 1.
</P>
<P align=center>2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_7></A>
<P align=justify style="text-indent: 5%"><I>Proposal 2</I>. With respect to Proposal 2 &#150; &#147;Ratification
of Selection of Independent Registered Public Accountant,&#148; the affirmative vote
of a majority of shares present in person or represented by proxy and entitled
to vote is required for approval of this item. You may vote &#147;FOR,&#148; &#147;AGAINST&#148; or
&#147;ABSTAIN&#148;. If you abstain from voting, it will have the same effect as a vote
against this item. Your broker (or another organization that holds your shares
for you) may exercise its discretionary authority to vote your shares in favor
of Proposal 2. </P>
<P align=justify style="text-indent: 5%"><I>Proposal 3</I>. With respect to Proposal 3 &#150; &#147;Advisory Vote
to Approve Executive Compensation,&#148; the affirmative vote of a majority of shares
present in person or represented by proxy and entitled to vote is required for
approval of this item. You may vote &#147;FOR,&#148; &#147;AGAINST&#148; or &#147;ABSTAIN&#148;. If you
abstain from voting, it will have the same effect as a vote against this item.
Your broker (or another organization that holds your shares for you) does not
have discretionary authority to vote your shares with regard to Proposal 3.
Therefore, if your shares are held in the name of a brokerage firm, bank, dealer
or similar organization that provides a proxy to us, and the organization has
not received your instructions as to how to vote your shares on this proposal,
your shares will be counted as if you had voted against Proposal 3. </P>
<P align=justify style="text-indent: 5%">Although the advisory vote on Proposal 3 is non-binding, as
provided by law, our Board will review the results of the vote and will take it
into account in making future decisions regarding executive compensation. </P>
<P align=justify><B>Why did I receive in the mail a Notice of Internet
Availability of Proxy Materials rather than a full set of proxy materials?
</B></P>
<P align=justify style="text-indent: 5%">Securities and Exchange Commission (&#147;SEC&#148;) rules allow
companies to provide stockholders with access to proxy materials over the
Internet rather than mailing the materials to stockholders. To conserve natural
resources and reduce costs, we are sending to many of our stockholders a Notice
of Internet Availability of Proxy Materials (the &#147;Notice&#148;). The Notice provides
instructions for accessing the proxy materials on the website referred to in the
Notice or for requesting printed copies of the proxy materials. The Notice also
provides instructions for requesting the delivery of the proxy materials for
future annual meetings in printed form by mail or electronically by email. </P>
<P align=justify><B>How are proxies being solicited and who will pay for the
solicitation of proxies? </B></P>
<P align=justify style="text-indent: 5%">We will bear the expense of the solicitation of proxies. In
addition to the solicitation of proxies by mail, solicitation may be made by our
directors, officers and employees by other means, including telephone, over the
Internet or in person. No special compensation will be paid to our directors,
officers or employees for the solicitation of proxies. To solicit proxies, we
will also request the assistance of banks, brokerage houses and other
custodians, nominees or fiduciaries, and, upon request, will reimburse these
organizations or individuals for their reasonable expenses in forwarding
soliciting materials to beneficial owners and in obtaining authorization for the
execution of proxies.</P>
<P align=justify><B>How are proxy materials delivered to households?</B></P>
<P align=justify style="text-indent: 5%">Only one copy of the Company&#146;s 2013 Annual Report, this Proxy
Statement, and/or Notice of Internet Availability of Proxy Materials, as
applicable, will be delivered to an address where two or more stockholders
reside with the same last name or whom otherwise reasonably appear to be members
of the same family based on the stockholders&#146; prior express or implied consent.
</P>
<P align=justify style="text-indent: 5%">We will deliver promptly upon written or oral request a
separate copy of the 2013 Annual Report, this Proxy Statement, and/or Notice of
Internet Availability of Proxy Materials, as applicable, upon such request. If
you share an address with at least one other stockholder, currently receive one
copy of our Annual Report, Proxy Statement, and/or Notice of Internet
Availability of Proxy Materials at your residence, and would like to receive a
separate copy of our Annual Report, Proxy Statement, and Notice of Internet
Availability of Proxy Materials for future stockholder meetings of the Company,
please follow the instructions for requesting materials indicated on the Notice
of Internet Availability of Proxy Materials sent to your residence and specify
this preference in your request. </P>
<P align=justify style="text-indent: 5%">If you share an address with at least one other stockholder and
currently receive multiple copies of our Annual Report, Proxy Statement, or
Notice of Internet Availability of Proxy Materials, and you would like to
receive a single copy of our Annual Report, Proxy Statement, or Notice of
Internet Availability of Proxy Materials, please follow the instructions for
requesting materials indicated on the Notice of Internet Availability of Proxy
Materials that is addressed to you and specify this preference in your
request.</P>
<P align=center>3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_8></A>
<P align=justify><B>Who can help answer my other questions and to whom should I
send a request for copies of certain material? </B></P>
<P align=justify>If you have more questions about voting, wish to obtain another
proxy card or wish to receive a copy of our Annual Report on Form 10-K for the
fiscal year ended September 30, 2013 without charge, you should contact: </P>
<P align=center>Corporate Secretary <BR>China BAK Battery, Inc.<BR>BAK
Industrial Park,<BR>Meigui Street, Huayuankou Economic Zone, <BR>Dalian City,
116422, China <BR>Telephone: 86-411-62510619; Fax: 86-411-62510628 <BR>E-mail:
ir@cbak.com.cn </P>
<DIV align=center>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="80%" border=1>

  <TR vAlign=bottom>
    <TD noWrap align=center><B>Important Notice Regarding the Availability of
      Proxy Materials for</B> <BR><B>the Annual Meeting to Be Held on September
      26, 2014</B> <BR><B>The Proxy Statement and the 2013 Annual Report to
      security holders are available at</B> <BR><B>www.shareholdervote.info</B>
    </TD></TR></TABLE></DIV>
<P align=center>4 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_9></A>
<P align=center><B>SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS </B></P>
<P align=justify><B>Securities Ownership of Certain Beneficial Owners and
Management</B></P>
<P align=justify style="text-indent: 5%">The following table sets forth information known to us with
respect to the beneficial ownership of our Common Stock as of the close of
business on August 4, 2014 (the &#147;Reference Date&#148;) for: (i) each person known by
us to beneficially own more than 5% of our voting securities, (ii) each named
executive officer, (iii) each of our directors and nominees, and (iv) all of our
executive officers and directors as a group:</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=center><B>Names of Management and Names</B></TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD noWrap align=center width="27%" colSpan=4><B>Amount and Nature of
    </B></TD>
    <TD align=left width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B>of Certain
      Beneficial Owners </B><SUP>(1) </SUP></TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="27%"
    colSpan=4><B>Beneficial Ownership </B><SUP>(1)</SUP></TD>
    <TD align=left width="2%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="12%"><B>Number </B><SUP>(2)</SUP></TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
    width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="12%"><STRONG>Percent </STRONG><SUP>(3)</SUP></TD>
    <TD align=left width="2%">&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 align=left bgColor=#e6efff>Xiangqian Li <SUP>(4) </SUP> </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,910,778 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>30.8% </TD>
    <TD align=left width="2%" bgColor=#e6efff>&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 align=left bgColor=#e6efff>Chunzhi Zhang <SUP>(5) </SUP></TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,500 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>* </TD>
    <TD align=left width="2%" bgColor=#e6efff>&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 align=left bgColor=#e6efff>Martha C. Agee </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>0 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>* </TD>
    <TD align=left width="2%" bgColor=#e6efff>&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 align=left bgColor=#e6efff>Jianjun He </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>0 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>* </TD>
    <TD align=left width="2%" bgColor=#e6efff>&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 align=left bgColor=#e6efff>Guosheng Wang </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>0 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>* </TD>
    <TD align=left width="2%" bgColor=#e6efff>&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 align=left bgColor=#e6efff>All executive officers and directors as a
      group (5 persons) </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,914,278 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>30.9% </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD></TR></TABLE><BR>
<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%">* </TD>
    <TD>
      <P align=justify>Denotes less than 1% of the outstanding shares of Common
      Stock.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">** </TD>
    <TD>
      <P align=justify>All information in and below this table gives retroactive
      effect to our one-for-five reverse stock split effected on October 26,
      2012.</P></TD></TR></TABLE><BR>
<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%">(1) </TD>
    <TD>
      <P align=justify>The number of shares beneficially owned is determined
      under Securities and Exchange Commission (&#147;SEC&#148;) rules, and the
      information is not necessarily indicative of beneficial ownership for any
      other purpose. Under those rules, beneficial ownership includes any shares
      as to which the individual has sole or shared voting power or investment
      power, and also any shares which the individual has the right to acquire
      within 60 days of the Reference Date, through the exercise or conversion
      of any stock option, convertible security, warrant or other right (a
      &#147;Presently Exercisable&#148; security). Including those shares in the table
      does not, however, constitute an admission that the named stockholder is a
      direct or indirect beneficial owner of those shares.</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>Unless otherwise indicated, each person or entity named
      in the table has sole voting power and investment power (or shares that
      power with that person&#146;s spouse) with respect to all shares of Common
      Stock listed as owned by that person or entity.</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>A total of 12,619,597 shares of Common Stock are
      considered to be outstanding on the Reference Date. For each beneficial
      owner above, any Presently Exercisable securities of such beneficial owner
      have been included in the denominator, pursuant to Rule 13d-3(d)(1) under
      the Securities Exchange Act of 1934, as amended, or the Exchange
    Act.</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>Including 100,000 restricted shares of the Common Stock
      granted under the Stock Option Plan on June 22, 2009, which restricted
      stock is subject to a five-year vesting schedule. It vests in twenty equal
      quarterly installments on the first day of each fiscal quarter beginning
      on October 1, 2009.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(5) </TD>
    <TD>
      <P align=justify>On June 25, 2007, Mr. Zhang was granted 1,000 shares of
      restricted Common Stock. On August 6, 2008, Mr. Zhang
was granted an additional 1,000 shares of restricted Common Stock
on the same terms as those governing the June 25, 2007 grant. On June 26, 2009,
Mr. Zhang was granted an additional 1,000 shares of restricted Common Stock, on
the same terms as those governing the June 25, 2007 and August 6, 2008 grants.
On July 1, 2010, Mr. Zhang was granted an additional 1,000 shares of restricted
Common Stock on the same terms as those governing the June 25, 2007, August 6,
2008, and June 26, 2009 grants. On January 19, 2011, Mr. Zhang waived the
receipt of 500 shares of the July 1, 2010 grant in consideration of an
additional quarterly payment by the Company of $6,250 on or about January 6,
2011 pursuant to the increase, effective January 1, 2011, of each of the
directors&#146; annual retainer fee under the Company&#146;s Stock Option Plan by $25,000
in lieu of each director&#146;s receipt of restricted shares under the Stock Option
Plan.</P></TD></TR></TABLE>
<P align=center>5 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_10></A>
<P align=justify><B>Changes in Control </B></P>
<P align=justify style="text-indent: 5%">There are no arrangements known to us, including any pledge by
any person of our securities, the operation of which may at a subsequent date
result in a change in control of the Company. </P>
<P align=center>6 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>

<P align=center><B>PROPOSAL NO. 1 ELECTION OF DIRECTORS </B></P>
<P align=justify style="text-indent: 5%">The Board is responsible for establishing broad corporate
policies and monitoring the overall performance of the Company. It selects the
Company&#146;s executive officers, delegates authority for the conduct of the
Company&#146;s day-to-day operations to those officers, and monitors their
performance. Members of the Board are kept informed of the Company&#146;s business by
participating in Board and Committee meetings, by reviewing analyses and
reports, and through discussions with the Chairman and other officers. </P>
<P align=justify style="text-indent: 5%">Effective December 8, 2006, Article V of our articles of
incorporation was amended so that the number of our directors shall be
determined in accordance with our Bylaws instead of in accordance with
provisions contained in our articles of incorporation. At the Annual Meeting,
five (5) directors will be elected, each to hold office until the next annual
meeting of stockholders or his or her earlier death or resignation or until his
or her successor, if any, is elected or appointed. The individuals who have been
nominated for election to the Board at the Annual Meeting are listed in the
table below. Each of the nominees is a current director of the Company. </P>
<P align=justify style="text-indent: 5%">If, as a result of circumstances not now known or foreseen, any
of the nominees is unavailable to serve as a nominee for the office of Director
at the time of the Annual Meeting, the holders of the proxies solicited by this
Proxy Statement may vote those proxies either (i) for the election of a
substitute nominee who will be duly designated by the proxy holders or by the
present Board or (ii) for the balance of the nominees, leaving a vacancy.
Alternatively, the size of the Board may be reduced accordingly. The Board has
no reason to believe that any of the nominees will be unwilling or unable to
serve, if elected as a Director. To be elected, each of the five nominees
proposed for election as directors at the Annual Meeting must receive at least a
plurality of the votes cast at the Annual Meeting. </P>
<P align=justify><B>Director Selection </B></P>
<P align=justify style="text-indent: 5%">There have been no material changes to the procedures by which
stockholders may recommend nominees to our board of directors since such
procedures were last disclosed. As provided in its Charter, the Nominating and
Corporate Governance Committee of the Company&#146;s Board is responsible for
identifying individuals qualified to become Board members and recommending to
the Board nominees for election as directors. The Nominating and Corporate
Governance Committee considers recommendations for director nominees, including
those submitted by the Company&#146;s stockholders, on the bases described below.
Stockholders may recommend nominees by writing to the Nominating and Corporate
Governance Committee c/o the Secretary at BAK Industrial Park, Meigui Street,
Huayuankou Economic Zone, Dalian City, 116422, China; via email at
IR@cbak.com.cn; or via fax at (86)411-62510628. Stockholder recommendations will
be promptly provided to the chairman of the Nominating and Corporate Governance
Committee. To be considered by the Nominating and Corporate Governance Committee
for inclusion in the proxy for the 2015 annual meeting, recommendations must be
received by the Secretary of the Company not later than the close of business on
December 31, 2014. </P>
<P align=justify style="text-indent: 5%">In identifying and evaluating nominees, the Nominating and
Corporate Governance Committee may consult with the other Board members,
management, consultants, and other individuals likely to possess an
understanding of the Company&#146;s business and knowledge of suitable candidates. In
making its recommendations, the Nominating and Corporate Governance Committee
assesses the requisite skills and qualifications of nominees and the composition
of the Board as a whole in the context of the Board's criteria and needs. In
evaluating the suitability of individual Board members, the Nominating and
Corporate Governance Committee may take into account many factors, including
general understanding of marketing, finance and other disciplines relevant to
the success of a publicly traded company in today&#146;s business environment;
understanding of the Company&#146;s business and technology; the international nature
of the Company&#146;s operations; educational and professional background; and
personal accomplishment. The Nominating and Corporate Governance Committee
evaluates each individual in the context of the Board as a whole, with the
objective of recommending a group that can best perpetuate the success of the
Company&#146;s business and represent stockholder interests through the exercise of
sound judgment, using its diversity of experience. The Nominating and Corporate
Governance Committee also ensures that a majority of nominees would be
&#147;independent directors&#148; as defined under the applicable rules of the SEC and The
NASDAQ Stock Market LLC (&#147;NASDAQ&#148;). For a description of the qualifications that
the Nominating and Corporate Governance Committee seeks in potential nominees,
please see &#147;Nominees &#150; Qualifications for All Directors&#148; below. </P>
<P align=justify style="text-indent: 5%">The names, the positions with the Company and the ages as of
the Record Date of the individuals who are our nominees for election as
directors are: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>Name </TD>
    <TD align=center width="1%"  >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="5%"
    >Age </TD>
    <TD align=center width="1%"  >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="38%">Position/s </TD>
    <TD align=center width="1%"  >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="24%">Director Since </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Xiangqian Li </TD>
    <TD align=center width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=center width="5%" bgColor=#e6efff >45 </TD>
    <TD align=center width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=left width="38%" bgColor=#e6efff>Chairman, President and Chief
      Executive Officer </TD>
    <TD align=left width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=left width="24%" bgColor=#e6efff>January 2005
</TD></TR>
  <TR vAlign=top>
    <TD align=left>Jianjun He </TD>
    <TD align=left width="1%"  >&nbsp;</TD>
    <TD align=center width="5%" >41 </TD>
    <TD align=left width="1%"  >&nbsp;</TD>
    <TD align=left width="40%" >Director </TD>
    <TD align=left width="1%"  >&nbsp;</TD>
    <TD align=left width="23%">November 2013 </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Chunzhi Zhang </TD>
    <TD align=left width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=center width="5%" bgColor=#e6efff >51 </TD>
    <TD align=left width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=left width="40%" bgColor=#e6efff >Director </TD>
    <TD align=left width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=left width="23%" bgColor=#e6efff>June 2007 </TD></TR>
  <TR vAlign=top>
    <TD align=left>Martha C. Agee </TD>
    <TD align=left width="1%"  >&nbsp;</TD>
    <TD align=center width="5%" >59 </TD>
    <TD align=left width="1%"  >&nbsp;</TD>
    <TD align=left width="40%" >Director </TD>
    <TD align=left width="1%"  >&nbsp;</TD>
    <TD align=left width="23%">November 2012 </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Guosheng Wang </TD>
    <TD align=left width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=center width="5%" bgColor=#e6efff >42 </TD>
    <TD align=left width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=left width="40%" bgColor=#e6efff >Director </TD>
    <TD align=left width="1%"  bgColor=#e6efff
    >&nbsp;</TD>
    <TD align=left width="23%" bgColor=#e6efff>August  2014
</TD></TR></TABLE>
<P align=center>7 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=-->
<P align=justify><B>Director Qualifications</B></P>
<P align=justify><B><I>Qualifications, Attributes, Skills and Experience to be
Represented on the Board as a Whole</I></B> </P>
<P align=justify style="text-indent: 5%">In its assessment of each potential candidate, including those
recommended by stockholders, the Nominating and Corporate Governance Committee
considers the nominee&#146;s judgment, integrity, experience, independence,
understanding of the Company&#146;s business or other related industries and such
other factors the Nominating and Corporate Governance Committee determines are
pertinent in light of the current needs of the Board. The Nominating and
Corporate Governance Committee also takes into account the ability of a Director
to devote the time and effort necessary to fulfill his or her responsibilities
to the Company. </P>
<P align=justify style="text-indent: 5%">The Board and the Nominating and Corporate Governance Committee
require that each Director be a recognized person of high integrity with a
proven record of success in his or her field. Each Director must demonstrate
innovative thinking, familiarity with and respect for corporate governance
requirements and practices, an appreciation of multiple cultures and a
commitment to sustainability and to dealing responsibly with social issues. In
addition to the qualifications required of all Directors, the Board assesses
intangible qualities including the individual&#146;s ability to ask difficult
questions and, simultaneously, to work collegially. </P>
<P align=justify style="text-indent: 5%">The Board has identified particular qualifications, attributes,
skills and experience that are important to be represented on the Board as a
whole, in light of the Company&#146;s current needs and business priorities. The
Company&#146;s services are performed in various countries and in significant areas
of future growth located outside of the United States. Accordingly, the Board
believes that international experience or specific knowledge of key geographic
growth areas and diversity of professional experiences should be represented on
the Board. In addition, the Company&#146;s business is multifaceted and involves
complex financial transactions. Therefore, the Board believes that the Board
should include some Directors with a high level of financial literacy and some
Directors who possess relevant business experience as a Chief Executive Officer
or President. Our business involves complex technologies in a highly specialized
industry. Therefore, the Board believes that extensive knowledge of the
Company&#146;s business and industry should be represented on the Board.</P>
<P align=justify style="text-indent: 5%">The Board and the Nominating and Corporate Governance Committee
do not have a specific diversity policy, but consider diversity of race,
ethnicity, gender, age, cultural background and professional experiences in
evaluating candidates for Board membership. Diversity is important because a
variety of points of view contribute to a more effective decision-making
process.</P>
<P align=justify><B><I>Biographical Information and Summary of Qualifications of
2013 Nominees for Director</I></B><B> </B></P>
<P align=justify style="text-indent: 5%"><B><I>Xiangqian Li</I></B> has served as the chairman of
our board, our president and chief executive officer since January 20, 2005. He
has been a director of BAK International Limited, or BAK International, our Hong
Kong incorporated subsidiary, since November 2004. Mr. Li is the founder and has
served as the chairman of the board of Shenzhen BAK Battery Co., Ltd., or
Shenzhen BAK, or Shenzhen BAK, our indirect wholly owned subsidiary, since its
inception in August 2001, and served as Shenzhen BAK&#146;s general manager since
December 2003. From June 2001 to June 2003, Mr. Li was the chairman of Huaran
Technology Co., Ltd., a PRC-incorporated company engaged in the car audio
business. Mr. Li received a bachelor&#146;s degree in thermal energy and power
engineering from the Lanzhou Railway Institute, China and a doctorate degree in
quantitative economics from Jilin University in China. </P>
<P align=justify style="text-indent: 5%"><U>Director Qualifications</U>: Mr. Li has extensive senior
management experience in the industry in which we operate, having served as our
Chief Executive Officer and Chairman since January 2005 and as the Chief
Executive Officer or Chairman of various other companies since 2001.</P>
<P align=justify style="text-indent: 5%"><B><I>Jianjun He </I></B>has served as our director since
November 4, 2013. Mr. He has more than 15 years experience in accounting and
finance and is an associate member of the Chinese Institute of Certificate
Public Accounts. Mr. He has been the Managing Director of Jilin Cybernaut Lvke
Investment and Management Co., Ltd., an investment consulting firm in China,
since January 1, 2013. From June 30, 2009 to December 31, 2012, Mr. He served as
the Chief Financial Officer of THT Heat Transfer Technology, Inc. (Nasdaq: THTI)
(&#147;THT Heat&#148;), a provider of heat exchangers and heat exchange solutions in
China. Mr. He was the Chief Financial Officer of Siping City Juyuan Hanyang
Plate Heat Exchanger Co. Ltd, a wholly owned subsidiary of THT Heat from 2007 to
December 2012. From 1999 to 2007, Mr. He worked as senior financial officer in
Jilin Grain Group, a state-owned enterprise engaged in the grain processing and trading business. Mr. He
graduated from Changchun Taxation College in 1995 with a Bachelor&#146;s degree in
Auditing and obtained a Master&#146;s degree from Jilin University in 2005. </P>
<P align=center>8 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_13></A>
<P align=justify style="text-indent: 5%"><U>Director Qualifications</U>: Mr. He has a rich knowledge in
accounting and corporate finance. He also has more than three years&#146; experience
acting as CFO of a Nasdaq listed company.</P>
<P align=justify style="text-indent: 5%"><B><I>Chunzhi Zhang</I></B> has served as our director since
June 25, 2007. Since mid-2005, Mr. Zhang has served as General Manager of
AASTOCKS.com, Ltd., Shenzhen Branch, a software integration and one-stop system
solutions provider for financial markets in China. From 2003 through mid-2005,
Mr. Zhang served as General Manager of Shenzhen Sharemax Management Co., Ltd,
where he was involved in both private equity business and asset management. From
1998 through 2003, Mr. Zhang served as General Manager of Haixing Security
Brokerage Co., Ltd, Shenzhen Branch, involved in securities trading and asset
management. Prior to joining Haixing Security Brokerage, from 1985 to 1996, Mr.
Zhang served as senior Management in Hong Kong for China Resources Holding Co.,
Ltd., a China central government-owned enterprise. Mr. Zhang received his
bachelor degree in Economy from Jilin University in 1985 and MBA degree from
University of Wales in the United Kingdom. Mr. Zhang is also a distinguished
finance lecturer at the Graduate School in Shenzhen of Tsinghua University. </P>
<P align=justify style="text-indent: 5%"><U>Director Qualifications</U>: Mr. Zhang, Chair of the
Compensation Committee, is experienced in securities analysis and investment.
Mr. Zhang has accumulated this experience in managerial positions in firms in
the securities industry since 1998.</P>
<P align=justify style="text-indent: 5%"><B><I>Martha C. Agee </I></B>has served as our director since
November 15, 2012. Since 1997, Ms. Agee has been a senior lecturer of business
law at Hankamer School of Business of Baylor University where she teaches
courses in the Legal Environment of Business, International Business Law, and
Healthcare Law &amp; Ethics for graduate and undergraduate students. Prior to
that, Ms. Agee practiced law from 1988 to 1996. Ms. Agee obtained her bachelor&#146;s
degree in Accounting in 1976 and Juris Doctorate degree in 1988 from Baylor
University. </P>
<P align=justify style="text-indent: 5%"><U>Director Qualifications</U>: Ms. Agee, Chair of the Audit
Committee, was previously Certified Public Accountant, worked as Chief
Accountant for political sub-division for five and a half years and worked as
Supervisor of Accounting for large retail chain with the responsibilities
included hiring, training, and supervision of accounting staff; preparation and
analysis of 17 monthly financial statements and quarterly consolidated financial
statements; budgeting, and internal auditing.</P>
<P align=justify style="text-indent: 5%"><B><I>Guosheng Wang </I></B>has served as our director since
August 1, 2014. Since June 2014, Mr. Wang has been in charge of the construction
of facilities of the Company&#146;s subsidiary, Dalian BAK Power Battery Co., Ltd
(&#147;Dalian BAK&#148;) and the relocation of assets and equipment of BAK International
(Tianjin) Limited (&#147;BAK Tianjin&#148;) to Dalian BAK. Prior to that, Mr. Wang served
as vice president of operations of BAK Tianjin since May 2013, where he was
managing the Quality Department, Purchase Department, Equipment Department and
HR Department. From May 2010 to May 2013, Mr. Wang served as manager of
Equipment Department of BAK Tianjin. From March 2008 to May 2010, he served as
Director of No. 1 Manufacture Department of BAK Tianjin. Mr. Wang began his
career working as an engineer at Harbin Railway Transportation Equipment Co.,
Ltd in 1994. Mr. Wang obtained his bachelor&#146;s degree in mechanical manufacturing
engineering and equipment from Lanzhou Jiaotong University in July 1994. </P>
<P align=justify style="text-indent: 5%"><U>Director Qualifications</U>: Having served with the Company
since 2003, Mr. Wang brings to the Board extensive experience in all aspects of
our business and industry and strong management and technical skills.</P>
<P align=justify style="text-indent: 5%">Each director holds office until the earlier of his or her
death, resignation, removal from office by the stockholders, or his or her
respective successor is duly elected and qualified. There are no arrangements or
understandings between any of our nominees or directors and any other person
pursuant to which any of our nominees or directors have been selected for their
respective positions. No nominee or director is related to any executive officer
or any other nominee or director.<B> </B></P>
<P align=justify style="text-indent: 5%">No director of the Company is a party adverse to the Company or
any of its subsidiaries or has a material interest adverse to the Company or any
of its subsidiaries. There are no family relationships among our directors or
officers.</P>
<P align=justify style="text-indent: 5%">Other than as described above, no director has held any
directorship during the past five years with any other public company. </P>
<P align=justify style="text-indent: 5%">For information as to the shares of the Common Stock held by
each nominee, see &#147;Securities Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters &#150; Securities Ownership of Certain
Beneficial Owners and Management.&#148; </P>
<P align=center>9 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_14></A>
<P align=justify><B>Involvement in Certain Legal Proceedings</B></P>
<P align=justify style="text-indent: 5%">None of our directors or executive officers has, during the
past ten years: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">been convicted in a criminal proceeding or been subject to a pending
  criminal proceeding (excluding traffic violations and other minor offences);
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">had any bankruptcy petition filed by or against the business or property
  of the person, or of any partnership, corporation or business association of
  which he was a general partner or executive officer, either at the time of the
  bankruptcy filing or within two years prior to that time;
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">been subject to any order, judgment, or decree, not subsequently reversed,
  suspended or vacated, of any court of competent jurisdiction or federal or
  state authority, permanently or temporarily enjoining, barring, suspending or
  otherwise limiting, his involvement in any type of business, securities,
  futures, commodities, investment, banking, savings and loan, or insurance
  activities, or to be associated with persons engaged in any such activity;
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">been found by a court of competent jurisdiction in a civil action or by
  the Securities and Exchange Commission or the Commodity Futures Trading
  Commission to have violated a federal or state securities or commodities law,
  and the judgment has not been reversed, suspended, or vacated;
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">been the subject of, or a party to, any federal or state judicial or
  administrative order, judgment, decree, or finding, not subsequently reversed,
  suspended or vacated (not including any settlement of a civil proceeding among
  private litigants), relating to an alleged violation of any federal or state
  securities or commodities law or regulation, any law or regulation respecting
  financial institutions or insurance companies including, but not limited to, a
  temporary or permanent injunction, order of disgorgement or restitution, civil
  money penalty or temporary or permanent cease-and-desist order, or removal or
  prohibition order, or any law or regulation prohibiting mail or wire fraud or
  fraud in connection with any business entity; or
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">been the subject of, or a party to, any sanction or order, not
  subsequently reversed, suspended or vacated, of any self- regulatory
  organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C.
  78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the
  Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange,
  association, entity or organization that has disciplinary authority over its
  members or persons associated with a member. </LI></UL>
<P align=justify><B>Director Independence</B> </P>
<P align=justify style="text-indent: 5%">Our Board has determined that each of our non-employee
directors, Mr. Zhang, Ms. Agee and Mr. He, is an &#147;independent director&#148; as
defined by the applicable rules of the SEC and NASDAQ. Each of our non-employee
directors serves on the Board&#146;s committees, and therefore all of the members of
our board committees are independent as defined under the NASDAQ listing
standards and by the SEC. There were and are no transactions, relationships or
arrangements not otherwise disclosed in this Proxy Statement that were
considered by the Board of Directors under the applicable independence
definitions in determining that each of these directors is independent. </P>
<P align=justify><B>Governance Structure </B></P>
<P align=justify style="text-indent: 5%">Currently, our Chief Executive Officer is also our Chairman.
The Board of Directors believes that, at this time, having a combined Chief
Executive Officer and Chairman is the appropriate leadership structure for the
Company. In making this determination, the Board of Directors considered, among
other matters, Mr. Li&#146;s experience and tenure of having been Chairman and Chief
Executive Officer since 2005, and felt that his experience, knowledge, and
personality allowed him to serve ably as both Chairman and Chief Executive
Officer. Among the benefits of a combined Chief Executive Officer/Chairman
considered by the Board of Directors is that such structure promotes clearer
leadership and direction for our Company and allows for a single, focused chain
of command to execute our strategic initiatives and business plans. </P>
<P align=justify><B>The Board&#146;s Role in Risk Oversight</B></P>
<P align=justify style="text-indent: 5%">The Board oversees that the assets of the Company are properly
safeguarded, that the appropriate financial and other controls are maintained,
and that the Company&#146;s business is conducted wisely and in compliance with
applicable laws and regulations and proper governance. Included in these
responsibilities is the Board of Directors&#146; oversight of the various risks
facing the Company. In this regard, the Board seeks to understand and oversee
critical business risks. The Board does not view risk in isolation. Risks are
considered in virtually every business decision and as part of the Company&#146;s
business strategy. The Board recognizes that it is neither possible nor prudent to eliminate
all risk. Indeed, purposeful and appropriate risk-taking is essential for the
Company to be competitive on a global basis and to achieve its objectives. </P>
<P align=center>10 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_15></A>
<P align=justify style="text-indent: 5%">While the Board oversees risk management, Company management is
charged with managing risk. The Company has robust internal processes and a
strong internal control environment to identify and manage risks and to
communicate with the Board. The Board and the Audit Committee monitor and
evaluate the effectiveness of the internal controls and the risk management
program at least annually. Management communicates routinely with the Board,
Board Committees and individual Directors on the significant risks identified
and how they are being managed. Directors are free to, and indeed often do,
communicate directly with senior management. </P>
<P align=justify style="text-indent: 5%">The Board implements its risk oversight function both as a
whole and through Committees. Much of the work is delegated to various
Committees, which meet regularly and report back to the full Board. All
Committees play significant roles in carrying out the risk oversight function.
In particular: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">The Audit Committee oversees risks related to the Company&#146;s financial
  statements, the financial reporting process, accounting and legal matters. The
  Audit Committee oversees the internal audit function. The Audit Committee
  members meet separately with representatives of the Company&#146;s independent
  auditing firm; and
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">The Compensation Committee evaluates the risks and rewards associated with
  the Company&#146;s compensation philosophy and programs. The Compensation Committee
  reviews and approves compensation programs with features that mitigate risk
  without diminishing the incentive nature of the compensation. Management
  discusses with the Compensation Committee the procedures that have been put in
  place to identify and mitigate potential risks in compensation.
  <LI>
  <p style="margin-left: 5%; margin-bottom: 12">The Nominating and Corporate Governance Committee evaluates risk
  associated with management decisions and strategic direction and reports
  concerns to the full Board. In addition, this committee evaluates the
  performance of independent directors and makes suggestions to the full Board
  concerning director qualifications and number of independent directors. The
  committee also oversees the Company&#146;s ethics programs, including the Code of
  Business Ethics and Conduct. </LI></UL>
<P align=justify><B>Required Vote </B></P>
<P align=justify style="text-indent: 5%">To be elected, each nominee for director must receive at least
a plurality of the votes cast at the Annual Meeting (assuming a quorum is
present) with respect to that nominee&#146;s election. Abstentions and broker
&#147;non-votes&#148; will not be counted as a vote cast with respect to a nominee. </P>
<P align=justify><B>Recommendation of the Board </B></P>
<P align=justify style="text-indent: 5%">The Board of Directors recommends a vote FOR the election of
the nominees set forth in Proposal 1. </P>
<P align=center><B>COMMITTEES OF THE BOARD OF DIRECTORS</B> </P>
<P align=justify><B>Committees and Meetings</B> </P>
<P align=justify style="text-indent: 5%">Our Board currently has three standing Committees which,
pursuant to delegated authority, perform various duties on behalf of and report
to the Board: (i) Audit Committee, (ii) Compensation Committee and (iii)
Nominating and Corporate Governance Committee. Each of the three standing
Committees is comprised entirely of independent directors as that term is
defined under the NASDAQ listing standards applicable to each of these
committees. From time to time, the Board may establish other committees. </P>
<P align=justify style="text-indent: 5%">During the fiscal year ended September 30, 2013, the Board held
a total of eight meetings. Each director attended 100% of the total number of
meetings of the Board and 100% of the meetings of all Committees on which he or
she served. We do not have a policy requiring Board members to attend the annual
meeting of our stockholders. Two members of the Board attended our 2013 annual
meeting of stockholders. </P>
<P align=justify style="text-indent: 5%">Each of the Charters of our Audit, Compensation and Nominating
and Corporate Governance Committees contains a definition for determining
whether members of the respective Committee are independent for purposes of that
committee. Current copies of these Charters are posted on our Internet website
at www.bak.com.cn. </P>
<P align=justify><B>Audit Committee</B> </P>
<P align=center>11 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_16></A>
<P align=justify style="text-indent: 5%">During the fiscal year ended September 30, 2013, our Audit
Committee consisted of, Charlene Spoede Budd (resigned on February 27, 2013),
Jonathan Christopher Paugh (resigned on October 3, 2013), Chunzhi Zhang and
Martha Agee. Pursuant to the determination of our Board of Directors, Dr. Budd
served as the chair of the Audit Committee and as our Audit Committee financial
expert as that term is defined by the applicable SEC rules before her
resignation. Each director who has served or is serving on our Audit Committee
was or is &#147;independent&#148; as that term is defined under the NASDAQ listing
standards for Audit Committee members at all times during their service on such
Committee. </P>
<P align=justify style="text-indent: 5%">The Audit Committee, which was established in accordance with
Section 3(a)(58)(A) of the Exchange Act, oversees our accounting and financial
reporting processes and the audits of the financial statements of our company.
During the fiscal year ended September 30, 2013, the Audit Committee held six
meetings, in compliance with its Charter. The Audit Committee is responsible
for, among other things:</P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-left: 5%">selecting our independent auditors and pre-approving all auditing and
  non-auditing services permitted to be performed by our independent auditors;
  <LI>
  <p style="margin-left: 5%">reviewing with our independent auditors any audit problems or difficulties
  and management&#146;s response;
  <LI>
  <p style="margin-left: 5%">reviewing and approving certain proposed related-party transactions, as
  defined in Item 404 of SEC Regulation S- K;
  <LI>
  <p style="margin-left: 5%">discussing the annual audited financial statements with management and our
  independent auditors;
  <LI>
  <p style="margin-left: 5%">reviewing major issues as to the adequacy of our internal controls and any
  special audit steps adopted in light of significant internal control
  deficiencies;
  <LI>
  <p style="margin-left: 5%">annually reviewing and reassessing the adequacy of our Audit Committee
  Charter;
  <LI>
  <p style="margin-left: 5%">such other matters that are specifically delegated to our Audit Committee
  by our Board from time to time;
  <LI>
  <p style="margin-left: 5%">meeting separately and periodically with management and our internal and
  independent auditors; and
  <LI>
  <p style="margin-left: 5%">reporting regularly to the full Board. </LI></UL>
<P align=justify><B>Compensation Committee</B> </P>
<P align=justify style="text-indent: 5%">During the fiscal year ended September 30, 2013, our
Compensation Committee consisted of Charlene Spoede Budd (resigned on February
27, 2013), Jonathan Christopher Paugh (resigned on October 3, 2013), Chunzhi
Zhang and Martha Agee, with Mr. Zhang as chair of the Compensation Committee.
Each director who has served or is serving on our Compensation Committee was or
is &#147;independent&#148; as that term is defined under the NASDAQ listing standards at
all times during their service on such Committee. The Compensation Committee has
a charter, which is available on our website at www.cbak.com.cn. </P>
<P align=justify style="text-indent: 5%">Our Compensation Committee assists the Board in reviewing and
approving the compensation structure of our directors and executive officers,
including all forms of compensation to be provided to our directors and
executive officers. Our Chief Executive Officer may not be present at any
Committee meeting during which his compensation is deliberated. The Compensation
Committee is permitted to delegate its authority in accordance with Nevada law
unless prohibited by the Company&#146;s Bylaws or the Compensation Committee Charter.
The Compensation Committee held one meeting during the fiscal year ended
September 30, 2013. </P>
<P align=justify style="text-indent: 5%">The Compensation Committee is responsible for, among other
things:</P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-left: 5%">determining the compensation package for our executive officers (other
  than our Chief Executive Officer);
  <LI>
  <p style="margin-left: 5%">reviewing and making recommendations to the Board with respect to the
  compensation of our directors and Chief Executive Officer;
  <LI>
  <p style="margin-left: 5%">reviewing and approving corporate goals and objectives relevant to the
  compensation of our Chief Executive Officer;
  <LI>
  <p style="margin-left: 5%">evaluating the performance of our Chief Executive Officer in light of
  those goals and objectives, and recommending the compensation level of our
  chief executive officer based on this evaluation;
  <LI>
  <p style="margin-left: 5%">reviewing periodically and making recommendations to the Board regarding
  any long-term incentive compensation or equity plans, programs or similar
  arrangements; and
  <LI>
  <p style="margin-left: 5%">reviewing and approving any employment agreements, retirement agreements,
  severance arrangements, change-in- control arrangements or special or
  supplemental employee benefits and any material amendments to the foregoing,
  applicable to executive officers, including the Chief Executive Officer.
</LI></UL>
<P align=justify style="text-indent: 5%">The Compensation Committee may delegate all or a portion of its
duties and responsibilities to a subcommittee of the Committee. The Compensation
Committee also has the authority and sole discretion to retain compensation
consultants as it deems necessary. </P>
<P align=center>12 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_17></A>
<P align=justify style="text-indent: 5%">The Chief Executive Officer makes recommendations concerning
the performance and compensation of the Company&#146;s other executive officers. The
Committee oversees these recommendations and makes final determinations as to
the other executive officers&#146; compensation. </P>
<P align=justify><B>Nominating and Corporate Governance Committee</B> </P>
<P align=justify style="text-indent: 5%">During the fiscal year ended September 30, 2013, our Nominating
and Corporate Governance Committee consisted of Charlene Spoede Budd (resigned
on February 27, 2013), Jonathan Christopher Paugh (resigned on October 3, 2013),
Chunzhi Zhang and Martha Agee. Ms. Agee served as chair of this Committee until
August 6, 2013. Each director who has served or is serving on our Nominating and
Corporate Governance Committee was or is &#147;independent&#148; as that term is defined
under the NASDAQ listing standards at all times during their service on such
Committee. </P>
<P align=justify style="text-indent: 5%">The Nominating and Corporate Governance Committee assists the
Board in identifying individuals qualified to become our directors and in
determining the composition of the Board and its committees. The Nominating and
Corporate Governance Committee held three meetings during the fiscal year ended
September 30, 2013, in compliance with its Charter. The Nominating and Corporate
Governance Committee is responsible for, among other things:</P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-left: 5%">identifying and recommending to the Board nominees for election or
  re-election to the Board, or for appointment to fill any vacancy;
  <LI>
  <p style="margin-left: 5%">reviewing annually with the Board the current composition of the Board in
  light of the characteristics of independence, business experience, and
  specific areas of expertise;
  <LI>
  <p style="margin-left: 5%">identifying and recommending to the Board the directors to serve as
  members of the Board&#146;s committees;
  <LI>
  <p style="margin-left: 5%">evaluating risk associated with management decisions and strategic
  direction and reporting concerns to the full Board;
  <LI>
  <p style="margin-left: 5%">evaluating the performance of independent directors and making suggestions
  to the full Board concerning director qualifications and number of independent
  directors; and
  <LI>
  <p style="margin-left: 5%">monitoring compliance with our Code of Business Ethics and Conduct.
</LI></UL>
<P align=justify><B>Code of Business Ethics and Conduct</B> </P>
<P align=justify style="text-indent: 5%">We have adopted a Code of Business Ethics and Conduct relating
to the conduct of our business by our employees, officers and directors. We
intend to maintain the highest standards of ethical business practices and
compliance with all laws and regulations applicable to our business, including
those relating to doing business outside the United States. During the fiscal
year ended September 30, 2013, there were no amendments to or waivers of our
Code of Business Ethics and Conduct. If we effect an amendment to, or waiver
from, a provision of our Code of Business Ethics and Conduct, we intend to
satisfy our disclosure requirements by posting a description of such amendment
or waiver on our Internet website at www.bak.com.cn or via a current report on
Form 8-K. A current copy of our Code of Business Ethics and Conduct is posted on
our Internet website at www.cbak.com.cn. </P>
<P align=center>13 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_18></A>
<P align=center><B>REPORT OF THE AUDIT COMMITTEE <BR></B><B>FOR THE FISCAL YEAR
ENDED SEPTEMBER 30, 2013 </B></P>
<P align=justify style="text-indent: 5%">The Audit Committee of the Board is comprised of three
non-employee Directors, each of whom has been determined by the Board to be
&#147;independent&#148; under the meaning of Rule 10A-3(b)(1) under the Exchange Act. Dr.
Budd, the chair of the Audit Committee, is an &#147;audit committee financial expert&#148;
within the meaning of Item 407(d)(5)(ii) of SEC Regulation S-K. The Audit
Committee assists the Board&#146;s oversight of the integrity of the Company&#146;s
financial reports, compliance with legal and regulatory requirements, the
qualifications and independence of the Company&#146;s independent registered public
accounting firm, the audit process, and internal controls. The Audit Committee
operates pursuant to a written Charter adopted by the Board. The Audit Committee
is responsible for overseeing the corporate accounting and financial reporting
practices, recommending the selection of the Company&#146;s registered public
accounting firm, reviewing the extent of non-audit services to be performed by
the auditors, and reviewing the disclosures made in the Company&#146;s periodic
financial reports. The Audit Committee also reviews and recommends to the Board
that the audited financial statements be included in the Company&#146;s Annual Report
on Form 10-K. </P>
<P align=justify style="text-indent: 5%">During fiscal year 2013, the Audit Committee (1) reviewed and
discussed the audited financial statements for the fiscal year ended September
30, 2013, with Company management; (2) discussed with the independent auditors
the matters required to be discussed by Statement on Auditing Standards No. 61,
as amended (AICPA, <I>Professional Standards</I> , Vol. 1. AU section 380), as
adopted by the PCAOB in Rule 3200T; and (3) received the written disclosures and
the letters from the independent accountants required by applicable requirements
of the PCAOB regarding the independent accountants&#146; communications with the
Audit Committee concerning independence, and has discussed with the independent
accountants their independence. </P>
<P align=justify style="text-indent: 5%">Based on the review and discussions referred to above, the
Audit Committee had recommended to the Board of Directors that the audited
financial statements be included in the Company&#146;s Annual Report on Form 10-K for
the fiscal year ended September 30, 2013 for filing with the SEC. </P>
<P align=justify><U>/s/ The Audit
Committee&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;&nbsp;
&nbsp;<BR></U>Martha C. Agee, Chair <BR>Chunzhi Zhang <BR>Jianjun He </P>
<P align=center>14 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_19></A>
<P align=center><B>EXECUTIVE COMPENSATION </B></P>
<P align=justify><B>Summary Compensation Table</B> </P>
<P align=justify style="text-indent: 5%">The following table sets forth information concerning all
compensation awarded to, earned by or paid to the following persons for services
rendered in all capacities during fiscal years 2013 and 2012: Xiangqian Li, our
Chief Executive Officer, President and Chairman, and Kenneth G. Broom, our
former Chief Operating Officer who resigned on January 31, 2013. No other
executive officers received total compensation in excess of $100,000 in either
fiscal year. </P>
<DIV>
<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; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=center width="8%">&nbsp; </TD>
    <TD align=center width="2%" >&nbsp;</TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD align=center width="8%">&nbsp; </TD>
    <TD align=center width="2%" >&nbsp;</TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD align=center width="8%">Stock </TD>
    <TD align=center width="2%" >&nbsp;</TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD align=center width="8%">Option </TD>
    <TD align=center width="2%" >&nbsp;</TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD align=center width="8%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=center width="8%">&nbsp; </TD>
    <TD align=center width="2%" >&nbsp;</TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD align=center width="8%">Salary </TD>
    <TD align=center width="2%" >&nbsp;</TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD align=center width="8%">Awards </TD>
    <TD align=center width="2%" >&nbsp;</TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD align=center width="8%">Awards </TD>
    <TD align=center width="2%" >&nbsp;</TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD align=center width="8%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Name and Principal
      Position </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="8%">Year
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%">($)<SUP>(1)</SUP></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%">($)<SUP>(2)</SUP></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="8%">($)<SUP>(2)</SUP></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="8%">Total
      ($) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgcolor="#E6EFFF">Xiangqian Li, President, Chief Executive Officer </TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=center width="8%" bgcolor="#E6EFFF">2013 </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=right width="8%" bgcolor="#E6EFFF">38,776 </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=right width="8%" bgcolor="#E6EFFF">- </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=right width="8%" bgcolor="#E6EFFF"><B>-</B> </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=right width="8%" bgcolor="#E6EFFF">38,776 </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgcolor="#E6EFFF">&nbsp; </TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=center width="8%" bgcolor="#E6EFFF">2012 </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=right width="8%" bgcolor="#E6EFFF">37,957 </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=right width="8%" bgcolor="#E6EFFF">- </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=right width="8%" bgcolor="#E6EFFF"><B>-</B> </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=left width="1%" bgcolor="#E6EFFF" >&nbsp;</TD>
    <TD align=right width="8%" bgcolor="#E6EFFF">37,957 </TD>
    <TD align=left width="2%" bgcolor="#E6EFFF" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Kenneth G. Broom, former Chief Operating Officer </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=center width="8%">2013 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">83,333 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%"><B>-</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%"><B>-</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">83,333 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=center width="8%">2012 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">249,990 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%"><B>-</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%"><B>-</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">249,990 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR></TABLE></DIV>
<P align=justify>(1) The amounts reported in this table have been converted from
RMB to U.S. dollars based on the average conversion rate between the U.S. dollar
and RMB for the applicable fiscal year, or $1.00 to RMB 6.1894 (fiscal year 2013
exchange rate), $1.00 to RMB 6.3374 (fiscal year 2012 exchange rate), except
with respect to the salary payments to Mr. Broom, which payments were in U.S.
dollars.</P>
<P align=justify>(2) The amounts represented in the stock and option awards
columns reflect the compensation expense recognized by the Company determined
pursuant to SFAS No. 168 &#147;The FASB Accounting Standards Codification<SUP>TM
</SUP>and the Hierarchy of Generally Accepted Accounting Principles, a
replacement of FASB Statement No. 162&#148; (&#147;SFAS No. 168&#148;), as superseded by The
FASB Accounting Standards Codification<SUP>TM </SUP>(&#147;ASC&#148;), now included in ASC
Topic 718 (&#147;ASC 718&#148;), and no forfeitures are assumed. The assumptions used to
calculate the value of option and restricted stock awards are set forth under
Note 17 of the Notes to Consolidated Financial Statements of this annual report.
</P>
<P align=justify><B>Summary of Employment Agreements</B></P>
<P align=justify style="text-indent: 5%">The base salary shown in the Summary Compensation Table is
described in each named executive officer&#146;s respective employment agreement. The
material terms of those employment agreements are summarized below.</P>
<P align=justify style="text-indent: 5%">With the exception of Mr. Broom, the named executive officers
entered into the Company&#146;s standard employment agreement. On December 20, 2006,
Shenzhen BAK entered into a non-standard employment agreement with Mr. Broom in
connection with his employment in Canada as Executive Vice President for BAK
Canada Ltd. Mr. Broom&#146;s employment agreement entitles him to a grant of 100,000
stock options, an allowance for monthly car expenses, and the cost of legal
representation and indemnification for damages in the event Mr. Broom&#146;s prior
employer files any claims or demands against him relating to his employment with
the Company. In the event the Company terminates Mr. Broom&#146;s employment without
cause prior to the expiration of the minimum two-year term of the agreement, he
is entitled to a lump sum payment or salary continuation equal to the amount he
would have received had no termination occurred. Neither the Company nor Mr.
Broom has incurred any legal costs or damages relating to Mr. Broom&#146;s former
employment. The compensation terms of Mr. Broom&#146;s agreement have not changed
since his appointment as Chief Operating Officer of the Company.</P>
<P align=justify><I>Material Terms of Standard Employment Agreement.</I></P>
<P align=justify style="text-indent: 5%">We entered into employment agreements with three-year initial
terms with our named executive officers with standard employment agreements. We
entered into the employment agreement with Mr. Li on June 30, 2012. Each of our
standard employment agreements is automatically extended by a year at the
expiration of the initial term and at the expiration of every one-year
extension, until terminated in accordance with the termination provisions of the
agreements, which are described below.</P>
<P align=justify style="text-indent: 5%">Our standard employment agreement permits us to terminate the
executive&#146;s employment for cause, at any time, without notice or remuneration,
for certain acts of the executive, including but not limited to a conviction or
plea of guilty to a felony, negligence or dishonesty to our detriment and
failure to perform agreed duties after a reasonable opportunity to cure the
failure. An executive may terminate his employment upon one month&#146;s written
notice if there is a material reduction in his authority, duties and
responsibilities or if there is a material reduction in his annual salary before
the next annual salary review. Furthermore, we may terminate the executive&#146;s
employment at any time without cause by giving one month&#146;s advance written
notice to the executive officer. If we terminate the executive&#146;s employment
without cause, the executive will be entitled to a termination payment of up to
three months of his or her then base salary, approximately $2,530 to $9,489,
depending on the length of such executive&#146;s employment with us. Specifically, the executive will receive
salary continuation for: (i) one month following a termination effective prior
to the first anniversary of the effective date of the employment agreement; (ii)
two months following a termination effective prior to the second anniversary of
the effective date; and (iii) three months following a termination effective
prior to or any time after the third anniversary of the effective date. The
employment agreements provide that the executive will not participate in any
severance plan, policy, or program of the Company.</P>
<P align=center>15 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_20></A>
<P align=justify style="text-indent: 5%">Our standard employment agreement contains customary
non-competition, confidentiality, and non-disclosure covenants. Each executive
officer has agreed to hold, both during and after the employment agreement
expires or is earlier terminated, in strict confidence and not to use, except as
required in the performance of his duties in connection with the employment, any
confidential information, technical data, trade secrets and know-how of our
company or the confidential information of any third party, including our
affiliated entities and our subsidiaries, received by us. The executive officers
have also agreed to disclose in confidence to us all inventions, designs and
trade secrets which they conceive, develop or reduce to practice and to assign
all right, title and interest in them to us. In addition, each executive officer
has agreed to be bound by non-competition restrictions set forth in his or her
employment agreement. Specifically, each executive officer has agreed not to,
while employed by us and for a period of one year following the termination or
expiration of the employment agreement,</P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <p style="margin-left: 5%">approach our clients, customers or contacts or other persons or entities,
  and not to interfere with the business relationship between us and such
  persons and/or entities;
  <LI>
  <p style="margin-left: 5%">assume employment with or provide services as a director for any of our
  competitors, or engage in any business which is in direct or indirect
  competition with our business; or
  <LI>
  <p style="margin-left: 5%">solicit the services of any of our employees. </LI></UL>
<P align=justify><B>Outstanding Equity Awards at Fiscal Year-End 2013</B> </P>
<P align=justify style="text-indent: 5%">The following table sets forth the equity awards outstanding at
September 30, 2013 for each of the named executive officers. </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="8%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="19%"
    colSpan=4>Option Awards </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="8%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="19%"
    colSpan=4>Stock Awards </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%"></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%"></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%"></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Market </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Number of </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Number of </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Number of </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Value of </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Securities </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Securities </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%"></TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Shares or </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Shares or </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Underlying </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Underlying </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Option </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Units of </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Units of </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Unexercised </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Unexercised </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Exercise </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Option </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Stock That </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Stock That </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Options (#) </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Options (#) </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Price </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Expiration </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Have Not </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="8%">Have Not </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Name </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="8%">Exercisable </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="8%">Unexercisable </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="8%">($) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="8%">Date </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="8%">Vested (#) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="8%">Vested ($) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Xiangqian Li <SUP>(1)</SUP> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff>20,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="8%" bgColor=#e6efff>46,400 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Kenneth G. Broom <SUP>(2)</SUP> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="8%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="8%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR></TABLE></DIV>
<P align=justify>*All information in and below this table gives retroactive
effect to our one-for-five reverse stock split effected on October 26, 2012.</P>
<P align=justify>(1) Mr. Li was granted an option to purchase 216,000 shares of
our common stock on May 29, 2008 under the Stock Option Plan. The option is
subject to a three-year vesting schedule, with the first 1/12 vesting on the
last day of the full fiscal quarter following the date of grant (September 30,
2008), and the remaining 11/12 vesting in eleven equal installments on the last
day of each following fiscal quarter. The exercise price is $20.9. The option
expires on May 28, 2013. Mr. Li was also granted 100,000 restricted shares of
the Company&#146;s common stock, par value $0.001, under the Stock Option Plan. The
restricted stock is subject to a five-year vesting schedule. It vests in twenty
equal quarterly installments on the first day of each fiscal quarter beginning
on October 1, 2009.</P>
<P align=justify>(2) On June 25, 2007, Mr. Broom was granted an option to
purchase 20,000 shares of Common Stock at a price of $16.34 per share. The
option vests over four years. On January 28, 2008, Mr. Broom was granted an
option to purchase 8,000 shares of Common Stock at a price of $21.5 per share.
All of Mr. Broom&#146;s options were terminated and cancelled upon Mr. Broom&#146;s
resignation from the Company on January 31, 2013.</P>
<P align=justify><B>Compensation of Directors </B></P>
<P align=justify style="text-indent: 5%">Under our Compensation Plan for Non-Employee Directors, or the
Directors Plan, each eligible non-employee director of the Company may receive
an annual retainer fee. Pursuant to the Directors Plan, the annual retainer fee
under the Directors Plan is subject to adjustments determined by our Board from time to
time. Each independent director is also eligible to be granted 5,000 restricted
shares of our common stock for serving as a director.</P>
<P align=center>16 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_21></A>
<P align=justify style="text-indent: 5%">In December 2010, our Board of Directors unanimously approved a
change in the annual retainer fee for independent directors in accordance with
the Directors Plan. Effective January 1, 2011, our independent directors will be
paid an annual retainer fee of $45,000. As was previously our policy, the chair
of the Audit Committee will continue to receive an additional $5,000 in
recognition of the added responsibility of this position. In connection with
this change, the Board unanimously determined that the independent directors
will no longer receive an annual issuance of restricted shares under the
Directors Plan. Each of the independent directors has waived all rights to such
annual issuances, including with respect to 2,500 of the shares that were to be
issued to each of the independent directors during calendar year 2011 in
connection with their grants on July 1, 2010. </P>
<P align=justify style="text-indent: 5%">Effective October 1, 2012, our independent directors will be
paid an annual retainer fee of $61,000. The chair of the Audit Committee will
receive an additional $9,000 in recognition of the added responsibility of this
position.</P>
<P align=justify style="text-indent: 5%">In June 2013, due to the current financial situation of the
Company, the independent directors agreed to reduce their annual retainer fee to
$20,000, effective from the quarter ended June 30, 2013. </P>
<P align=justify style="text-indent: 5%">The following table sets forth the total compensation earned by
our non-employee directors during our fiscal year ended September 30, 2013:</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; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%">Fees Earned or </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%">&nbsp; </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Name </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%">Paid in Cash </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%">Stock Awards </TD>
    <TD noWrap align=center width="2%" >&nbsp;</TD>
    <TD noWrap align=center width="1%" >&nbsp;</TD>
    <TD noWrap align=center width="10%">Total ($) </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">($) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">($) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center
      width="10%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Charlene Spoede Budd (resigned on February
      27, 2013) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>35,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>35,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Chunzhi Zhang </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">40,500 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">40,500 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Martha C. Agee </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>40,500 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="10%" bgColor=#e6efff>40,500 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Jonathan Christopher Paugh (appointed on August 6, 2013 and
      resigned on October 3, 2013) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="10%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR></TABLE>
<P align=justify style="text-indent: 5%">We do not maintain a medical, dental or retirement benefits
plan for the directors.</P>
<P align=justify style="text-indent: 5%">During fiscal year ended September 30, 2013, we did not
compensate, and will not compensate, our non-independent directors for serving
as our directors, although they are entitled to reimbursements for reasonable
expenses incurred in connection with attending our board meetings.</P>
<P align=justify style="text-indent: 5%">The directors may determine remuneration to be paid to the
directors with interested members of the Board refraining from voting. The
Compensation Committee will assist the directors in reviewing and approving the
compensation structure for the directors.</P>
<P align=center><B>SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</B>
</P>
<P align=justify style="text-indent: 5%">Under U.S. securities laws, directors, certain executive
officers and persons beneficially owning more than 10% of our Common Stock must
report their initial ownership of the Common Stock, and any changes in that
ownership, to the SEC. The SEC has designated specific due dates for these
reports. Based solely on our review of copies of such reports filed with the SEC
and written representations of our directors and executive offers, we believe
that all persons subject to reporting filed the required reports on time in
fiscal year 2013. </P>
<P align=center><B>CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</B> </P>
<P align=justify style="text-indent: 5%">We have several outstanding credit facilities and lines of
credit primarily from (i) Agricultural Bank of China, (ii) Bank of China, (iii)
Bank of Dalian, (iv) Ping An Bank and (v) China CITIC Bank, the proceeds of
which were used primarily to fund the operations of our manufacturing facilities
located at the BAK Industrial Park in Shenzhen and Tianjin and for general
working capital requirements. As of September 30, 2013, we had short-term bank
loans of $151.4 million, and bills payable of $41.4 million. The short-term
loans bore interest rates ranging from 4.4% to 15.0% per annum, and had maturity
dates ranging from two to six months. The loans are guaranteed by BAK
International, BAK Tianjin, Shenzhen BAK, Tianjin BAK New Energy Research Institute Co., Ltd (&#147;Tianjin New Energy&#148;), common shareholder
and director of the Company, Mr. Xiangqian Li, our CEO, and Ms. Xiaoqiu Yu, the
wife of our CEO, who did not receive and are not entitled to receive any
consideration for acting as a guarantor. We are not independently obligated to
indemnify any of those guarantors for any amounts paid by them pursuant to any
guarantee. </P>
<P align=center>17 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_22></A>
<P align=justify style="text-indent: 5%">On December 28, 2011, Shenzhen BAK entered into a loan
agreement with Shenzhen BAK Haoze Investment Co., Ltd. (&#147;Shenzhen Haoze&#148;), under
which Shenzhen Haoze extended a loan in an amount RMB1,750,000 ($278,410) to
Shenzhen BAK as working capital, which loan is non-interest bearing and
unsecured. The loan matures on December 27, 2013. Shenzhen Haoze is a company
established in China and mainly engages in the business of industry investment
and investment consultation. Approximately 96 percent of equity interest in
Shenzhen Haoze is currently owned by Mr. Xiangqian Li. As of September 30, 2013,
Shenzhen BAK had paid off the above loan. </P>
<P align=justify style="text-indent: 5%">On July 2, 2012, Shenzhen BAK entered into a loan agreement
with Tianjin BAK New Energy Research Institute Co., Ltd. (&#147;Tianjin New Energy&#148;),
under which Tianjin New Energy extended a loan in an amount of RMB10,000,000
($1,590,913) to Shenzhen BAK as working capital, which loan is non-interest
bearing and unsecured. The loan matures on July 11, 2014. As of September 30,
2013, Shenzhen BAK had paid off the rest of the above loans. Approximately 59
percent of equity interest in Tianjin New Energy is currently owned by Mr. Li.
Tianjin New Energy is a company established in China and mainly engages in the
business of researching, developing and selling new energy related materials. It
is not engaged in the business that competes with the Company and did not have
any transactions with the Company except for the guarantee relationship between
them and short-term advances explained herewith. </P>
<P align=justify style="text-indent: 5%">On March 24, 2011, Shenzhen BAK entered into a guarantee
agreement with Jilin Province Trust &amp; Investment Co., Ltd. (&#147;Jilin Trust
&amp; Investment&#148;), under which Shenzhen BAK agreed to guarantee a loan of
Tianjin New Energy, in a total amount of RMB 50,700,000 (approximately $8.1
million) that it borrowed from Jilin Trust &amp; Investment. In addition, Mr. Li
and his wife entered into a guarantee agreement with Jilin Trust &amp;
Investment under which they pledged all of their personal assets to Jilin Trust
&amp; Investment to provide unlimited liability guarantees for the loan. As of
September 30, 2013, Tianjin New Energy has paid off the above loans and the
guarantee upon the loan had been terminated accordingly. </P>
<P align=justify style="text-indent: 5%">On July 2, 2012, Shenzhen BAK also entered into a guarantee
agreement with Bank of Dalian, under which Shenzhen BAK agreed to guarantee a
loan of Tianjin New Energy in a total amount of RMB20,000,000 (approximately
$3.2 million) that it borrowed from Bank of Dalian. In addition, Mr. Li entered
into a guarantee agreement with Bank of Dalian and assumed joint and several
liabilities to guarantee the loan. </P>
<P align=justify style="text-indent: 5%">On October 15, 2012, Shenzhen BAK also entered into guarantee
agreements with Bank of Dalian, under which Shenzhen BAK agreed to guarantee the
banking facilities of Tianjin New Energy in a total amount of RMB10,000,000
(approximately $1.6 million) that it borrowed from Bank of Dalian. In addition,
Mr. Li, and Ms. Yu entered into a guarantee agreement with Bank of Dalian and
assumes joint and several liabilities to guarantee the loan. </P>
<P align=justify style="text-indent: 5%">On July 11, 2013, Shenzhen BAK executed a new guarantee
agreement with Bank of Dalian with the same terms and conditions to guarantee
the above loans of RMB30 million (approximately $4.9 million) for a period from
July 11, 2013 to July 10, 2016. This new guarantee agreement supersedes the
above two guarantee agreements. </P>
<P align=justify style="text-indent: 5%">On October 15, 2012, Shenzhen BAK entered into a loan agreement
with Tianjin New Energy, under which Tianjin New Energy extended a loan in an
amount of RMB8,600,000 ($1,368,185) to Shenzhen BAK as working capital, which
loan is non-interest bearing, unsecured and repayable on demand. As of October
15, 2012, the total amount of non-interest loans between Shenzhen BAK and
Tianjin New Energy was RMB11,838,794 ($1,899,891). As of September 30, 2013,
Shenzhen BAK had paid off this loan. </P>
<P align=justify style="text-indent: 5%">As of September 30, 2013, Shenzhen BAK and Tianjin BAK advanced
to Tianjin New Energy an aggregate amount of $885,052, which was interest-free,
unsecured and repayable on demand. </P>
<P align=justify style="text-indent: 5%">Shenzhen BAK believes that Tianjin New Energy owns sufficient
assets, including buildings measuring 24,000 square meters and land use rights
over a parcel of land of 233,450 square meters, to repay the above RMB
30,000,000 loans to Bank of Dalian without incurring Shenzhen BAK&#146;s guarantor
liability. </P>
<P align=justify><B>Promoters and Certain Control Persons </B></P>
<P align=justify style="text-indent: 5%">We did not have any promoters at any time during the past five
fiscal years. </P>
<P align=center>18 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_23></A>
<P align=center><B>PROPOSAL NO. 2 &#150; RATIFICATION OF SELECTION OF INDEPENDENT
AUDITORS </B></P>
<P align=justify style="text-indent: 5%">The consolidated balance sheets of the Company as of September
30, 2012, and the related consolidated statements of operations and
comprehensive loss, shareholders&#146; equity, and cash flows for the year ended
September 30, 2012, were audited by PKF, Certified Public Accountants, Hong
Kong, China, a member firm of PKF International Limited network of legally
independent firms (&#147;PKF&#148;). As the Company disclosed in the Current Report on
Form 8-K, filed with the SEC on January 8, 2013, PKF resigned as the Company&#146;s
the independent registered public accounting firm on January 2, 2013. On January
16, 2013, the Audit Committee appointed Crowe Horwath (HK) CPA Limited (&#147;Crowe
Horwath&#148;) as the Company&#146;s independent registered public accounting firm for the
fiscal year ending September 30, 2013. Crowe Horwath served as our company&#146;s
independent registered public accountants for fiscal year 2013 and reported on
our company&#146;s consolidated financial statements for that year. </P>
<P align=justify style="text-indent: 5%">The Audit Committee has selected Crowe Horwath to serve as the
Company&#146;s independent auditors for the fiscal year ending September 30, 2014. We
are asking our stockholders to ratify our company&#146;s selection of Crowe Horwath
as our independent registered public accountants at the Annual Meeting. Although
ratification is not required by our amended and restated bylaws or otherwise,
the Board is submitting the selection of Crowe Horwath to our stockholders for
ratification as a matter of good corporate practice. If the selection is not
ratified, the Audit Committee will consider whether it is appropriate to select
another registered public accounting firm. Even if the selection is ratified,
the Audit Committee in its discretion may select a different registered public
accounting firm at any time during the year if it determines that such a change
would be in the best interests of our company and our stockholders. </P>
<P align=justify style="text-indent: 5%">One or more representatives of Crowe Horwath are expected to be
present at the Annual Meeting. They will have an opportunity to make a statement
and will be available to respond to appropriate questions. </P>
<P align=justify><B>Independent Registered Public Accounting Firm&#146;s Fees and
Services </B></P>
<P align=justify><B><I>Audit Fees </I></B></P>
<P align=justify style="text-indent: 5%">PKF has billed us $234,500 and $143,000, in the aggregate, for
the fiscal years ended September 30, 2012 and 2013, respectively for
professional services rendered to audit our annual financial statements, and to
review the interim financial statements included in our quarterly reports on
Form 10-Q filed during fiscal year 2012.</P>
<P align=justify style="text-indent: 5%">Crowe Horwath has billed us nil and $102,000 in the aggregate
for the fiscal years ended September 30, 2012 and 2013, respectively for
professional services rendered for the audit of our fiscal year 2013 annual
financial statements, including reviews of the interim financial statements
included in our quarterly reports on Form 10-Q and assistance with the
Securities Act of 1933 filings.</P>
<P align=justify><B><I>Audit-Related Fee</I></B><I>s </I></P>
<P align=justify style="text-indent: 5%">PKF billed us $11,128 and nil, in the aggregate, for providing
consent related to our annual report on Form 10-K filed during the fiscal years
ended September 30, 2012 and 2013, respectively. We did not engage Crowe Horwath
to provide assurance or related services during the last two fiscal years. </P>
<P align=justify><B><I>Tax Fees</I></B></P>
<P align=justify style="text-indent: 5%">We did not engage our principal accountants to provide tax
compliance, tax advice or tax planning services during the last two fiscal
years. </P>
<P align=justify><B><I>All Other Fees</I></B></P>
<P align=justify style="text-indent: 5%">We did not engage our principal accountants to render services
to us during the last two fiscal years, other than as reported above. </P>
<P align=justify><B>Pre-Approval Policies and Procedures</B></P>
<P align=justify style="text-indent: 5%">All auditing services and permitted non-audit services
(including the fees and terms thereof) to be performed for the Company by our
independent auditor must be approved by the Audit Committee in advance, except
non-audit services (other than review and attestation services) if such services
fall within exceptions established by the SEC. The Audit Committee will
pre-approve any permissible non-audit services to be provided by the Company&#146;s
independent auditors on behalf of the Company that do not fall within any exception to the pre-approval
requirements established by the SEC. The Audit Committee may delegate to one or
more members the authority to pre-approve permissible non-audit services, but
any such delegate or delegates must present their pre-approval decisions to the
Audit Committee at its next meeting. All of our accountants&#146; services described
above were pre-approved by the Audit Committee or by one or more members under
the delegate authority described above.</P>
<P align=center>19 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_24></A>
<P align=justify><B>Required Vote </B></P>
<P align=justify style="text-indent: 5%">Ratification of Crowe Horwath as our company&#146;s independent
registered public accountant for the fiscal year ending September 30, 2014
requires the affirmative vote of a majority of the shares of the common stock
present in person or represented by proxy and entitled to vote on the matter
(assuming a quorum is present). Abstentions will have the same effect as a vote
against the proposal, and broker &#147;non-votes&#148; may be voted at the discretion of
the broker holding the shares. </P>
<P align=justify><B>Recommendation of the Board </B></P>
<P align=justify style="text-indent: 5%">The Board of Directors recommends a vote FOR ratification of
the selection of Crowe Horwath as the Company&#146;s independent registered public
accounting firm for the fiscal year ending September 30, 2014. </P>
<P align=center>20 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_25></A>
<P align=center><B>PROPOSAL NO. 3 &#150; ADVISORY VOTE TO APPROVE EXECUTIVE
COMPENSATION </B></P>
<P align=justify style="text-indent: 5%">The Dodd-Frank Wall Street Reform and Consumer Protection Act
of 2010 enables our stockholders to vote to approve, on an advisory
(non-binding) basis, the compensation of our named executive officers as
disclosed in this Proxy Statement pursuant to Item 402 of Regulation S-K. </P>
<P align=justify style="text-indent: 5%">Our executive compensation programs are designed to attract,
motivate, and retain our named executive officers, who are critical to our
success. Under these programs, our named executive officers are rewarded for the
achievement of specific annual, long-term and strategic goals, business unit
goals, corporate goals, and the realization of increased stockholder value. </P>
<P align=justify style="text-indent: 5%">Our Compensation Committee continually reviews the compensation
programs for our named executive officers to ensure they achieve the desired
goals of aligning our executive compensation structure with our stockholders&#146;
interests and current market practices. We are asking our stockholders to
indicate their support for our named executive officer compensation as described
in this Proxy Statement. This proposal, commonly known as a &#147;say-on-pay&#148;
proposal, gives our stockholders the opportunity to express their views on our
named executive officers&#146; compensation. This vote is not intended to address any
specific item of compensation, but rather the overall compensation of our named
executive officers and the philosophy, policies and practices described in this
Proxy Statement. At our 2011 annual meeting of stockholders, we solicited an
advisory vote of our stockholders to approve the compensation of our named
executive officers and to determine how frequently the Company should conduct
such advisory votes. A majority of the votes cast at the 2011 annual meeting of
stockholders voted in favor of approval of the compensation of our named
executive officers and having an advisory vote on executive compensation every
three years. Consistent with the majority of stockholder votes cast, we are
conducting our advisory vote on executive compensation at this Meeting. </P>
<P align=justify style="text-indent: 5%">The say-on-pay vote is advisory, and therefore not binding on
the Company, the Compensation Committee or our Board. Our Board and our
Compensation Committee value the opinions of our stockholders and to the extent
there is any significant vote against the approval the named executive officer
compensation as disclosed in this Proxy Statement, they will consider our
stockholders&#146; concerns and the Compensation Committee will evaluate whether any
actions are necessary to address those concerns. </P>
<P align=justify><B>Vote Required </B></P>
<P align=justify style="text-indent: 5%">Approval of the above resolution requires the affirmative vote
of a majority of the shares of the common stock present in person or represented
by proxy and entitled to vote on the matter (assuming a quorum is present).
Abstentions will have the same effect as a vote against the proposal, and broker
&#147;non-votes&#148; may not be voted at the discretion of the broker holding the shares.
</P>
<P align=justify><B>Recommendation of the Board</B> </P>
<P align=justify style="text-indent: 5%">The Board of Directors recommends a vote FOR the approval of
the compensation of our named executive officers, as disclosed in this Proxy
Statement pursuant to the compensation disclosure rules of the SEC. </P>
<P align=center>21 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_26></A>
<P align=center><B>OTHER INFORMATION </B></P>
<P align=justify style="text-indent: 5%">The Report of the Audit Committee set forth in this Proxy
Statement shall not be deemed to be &#147;soliciting material&#148; or to be &#147;filed&#148; with
the SEC or subject to Regulation 14A or 14C under the Exchange Act or to the
liabilities of Section 18 of the Exchange Act. In addition, it shall not be
deemed incorporated by reference by any statement that incorporates this Proxy
Statement by reference into any filing under the Securities Act or the Exchange
Act, except to the extent that we specifically incorporate this information by
reference. </P>
<P align=center><B>GENERAL </B></P>
<P align=justify style="text-indent: 5%">At the date of this Proxy Statement, management is not aware of
any matters to be presented for action at the Annual Meeting other than those
described above. However, if any other matters should come before the Annual
Meeting, it is the intention of the persons named in the accompanying proxy to
vote such proxy in accordance with their best judgment on such matters. </P>
<P align=center><B>STOCKHOLDER COMMUNICATIONS </B></P>
<P align=justify style="text-indent: 5%">The Company has a process for stockholders who wish to
communicate with the Board. Stockholders who wish to communicate with the Board
may write to it at the Company&#146;s address given above. These communications will
be reviewed by one or more employees of the Company designated by the Board, who
will determine whether they should be presented to the Board. The purpose of
this screening is to allow the Board to avoid having to consider irrelevant or
inappropriate communications. </P>
<P align=center><B>STOCKHOLDER PROPOSALS FOR THE 2015 ANNUAL MEETING </B></P>
<P align=justify style="text-indent: 5%">If you wish to have a proposal included in our proxy statement
for next year&#146;s annual meeting in accordance with Rule 14a-8 under the Exchange
Act, your proposal must be received by the Secretary of the Company at BAK
Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian City, 116422,
China, no later than December 31, 2014. A proposal which is received after the
applicable date or which otherwise fails to meet the requirements for
stockholder proposals established by the SEC will not be included. The
submission of a stockholder proposal does not guarantee that it will be included
in the proxy statement. </P>
<P align=center><B>ANNUAL REPORT ON FORM 10-K </B></P>
<P align=justify style="text-indent: 5%"><B>We will provide without charge to each person solicited by
this Proxy Statement, on the written request of such person, a copy of our
Annual Report on Form 10-K with any amendments, including the financial
statements and financial statement schedules, as filed with the SEC for our most
recent fiscal year. Such written requests should be directed to the Secretary of
the Company, at our address listed on the top of page one of this Proxy
Statement.</B> A copy of our Annual Report on Form 10-K, with any amendments, is
also made available on our website at <U>www.cbak.com.cn</U> after it is filed
with the SEC. </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>August 8, 2014 </TD>
    <TD align=left width="50%">By Order of the Board of Directors </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%">/s/
      Xiangqian Li </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">Secretary </TD></TR></TABLE>
<P align=center>22 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_27></A>
<P align=center><B>CHINA BAK BATTERY, INC.</B> <BR><B>ANNUAL MEETING OF
STOCKHOLDERS</B> <BR><B>TO BE HELD ON SEPTEMBER 26, 2014</B> </P>
<DIV align=center>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=5 width="40%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    noWrap align=center><B>Annual Meeting Proxy Card</B>
</TD></TR></TABLE></DIV>
<P align=justify style="text-indent: 5%">The undersigned stockholder of CHINA BAK BATTERY, INC., a
Nevada corporation (the &#147;Company&#148;), acknowledges receipt of the Notice of Annual
Meeting of Stockholders and Proxy Statement, dated August 8, 2014, and hereby
constitutes and appoints Mr. Xiangqian Li, the Company&#146;s Chairman, President,
Chief Executive Officer and Secretary, and Mr. Jian Lin, the Company&#146;s Interim
Chief Technical Officer, or either of them acting singly in the absence of the
other, with full power of substitution in either of them, the proxies of the
undersigned to vote with the same force and effect as the undersigned all shares
of the Company&#146;s Common Stock which the undersigned is entitled to vote at the
2014 Annual Meeting of Stockholders to be held on September 26, 2014, and at any
adjournment or adjournments thereof, hereby revoking any proxy or proxies
heretofore given and ratifying and confirming all that said proxies may do or
cause to be done by virtue thereof with respect to the following matters: </P>
<P align=justify style="text-indent: 5%">The undersigned hereby instructs said proxies or their
substitutes: </P>
<P align=justify><B>The Board of Directors recommends that you vote FOR the
following:</B> </P>
<P align=justify>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elect as Directors the nominees listed below: </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left>01&nbsp;&nbsp; Xiangqian Li </TD>
    <TD noWrap align=center width="25%"><B>FOR [_]</B></TD>
    <TD noWrap align=center width="25%"><B>AGAINST&nbsp;[_]</B></TD>
    <TD noWrap align=center width="25%"><B>ABSTAIN&nbsp;[_]</B></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>02&nbsp;&nbsp; Chunzhi Zhang </TD>
    <TD noWrap align=center width="25%"><B>FOR&nbsp;[_]</B></TD>
    <TD noWrap align=center width="25%"><B>AGAINST&nbsp;[_]</B></TD>
    <TD noWrap align=center width="25%"><B>ABSTAIN&nbsp;[_]</B></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>03&nbsp;&nbsp; Martha C. Agee </TD>
    <TD noWrap align=center width="25%"><B>FOR&nbsp;[_]</B></TD>
    <TD noWrap align=center width="25%"><B>AGAINST&nbsp;[_]</B></TD>
    <TD noWrap align=center width="25%"><B>ABSTAIN&nbsp;[_]</B></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>04&nbsp;&nbsp; Jianjun He </TD>
    <TD noWrap align=center width="25%"><B>FOR&nbsp;[_]</B></TD>
    <TD noWrap align=center width="25%"><B>AGAINST&nbsp;[_]</B></TD>
    <TD noWrap align=center width="25%"><B>ABSTAIN&nbsp;[_]</B></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>05&nbsp;&nbsp; Guosheng Wang </TD>
    <TD noWrap align=center width="25%"><B>FOR&nbsp;[_]</B></TD>
    <TD noWrap align=center width="25%"><B>AGAINST&nbsp;[_]</B></TD>
    <TD noWrap align=center
width="25%"><B>ABSTAIN&nbsp;[_]</B></TD></TR></TABLE></DIV>
<P align=justify><B>The Board of Directors recommends that you vote FOR the
following:</B> </P>
<P align=justify>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratify the selection of Crowe Horwath as the Company&#146;s
independent registered public accounting firm for fiscal year 2014. </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=center><B>FOR&nbsp;[_]</B></TD>
    <TD align=center width="33%"><B>AGAINST&nbsp;[_]</B></TD>
    <TD align=center width="33%"><B>ABSTAIN&nbsp;[_]</B></TD></TR></TABLE>
<P align=justify><B>The Board of Directors recommends that you vote FOR the
following:</B> </P>
<P align=justify>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Approve the compensation of the Company&#146;s named executive
officers as disclosed in the Proxy Statement.</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=center><B>FOR [_]</B></TD>
    <TD align=center width="33%"><B>AGAINST&nbsp;[_]</B></TD>
    <TD align=center width="33%"><B>ABSTAIN&nbsp;[_]</B></TD></TR></TABLE>
<P align=justify><B>NOTE</B>: In their discretion, the proxies are authorized to
vote upon such other business as may properly come before the Annual Meeting,
and any adjournment or adjournments thereof. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_28></A>
<P align=justify><B>IF THIS PROXY IS PROPERLY EXECUTED, THE SHARES OF COMMON
STOCK COVERED HEREBY WILL BE VOTED AS SPECIFIED HEREIN. IF NO SPECIFICATION IS
MADE, SUCH SHARES WILL BE VOTED &#147;FOR&#148; PROPOSALS 1, 2 AND 3 AS THE PROXIES DEEM
ADVISABLE ON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE ANNUAL
MEETING.</B></P>
<P align=justify>I (we) acknowledge receipt of the Notice of Annual Meeting of
Stockholders, the Proxy Statement dated August 8, 2014, and the 2013 Annual
Report, and ratify all that the proxies, or either of them, or their substitutes
may lawfully do or cause to be done by virtue hereof and revoke all former
proxies. </P>
<P align=justify><B>If you are voting by mail, please sign, date and mail this
proxy immediately in the enclosed envelope. You are also permitted and
encouraged to vote online by following the instructions on the Notice of
Internet Availability of Proxy Materials that was separately mailed to you.</B>
</P>
<DIV align=right>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=top>
    <TD align=left>Name </TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Name (if joint) </TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid">&nbsp; </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>Date _____________, 2014 </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>
      <P align=justify>Please sign your name exactly as it appears hereon. When
      signing as attorney, executor, administrator, trustee or guardian, please
      give your full title as it appears hereon. When signing as joint tenants,
      all parties in the joint tenancy must sign. When a proxy is given by a
      corporation, it should be signed by an authorized officer and the
      corporate seal affixed. No postage is required if returned in the enclosed
      envelope, if mailed in the United States.
</P></TD></TR></TABLE></DIV><BR>
<HR align=center width="100%" color=black noShade SIZE=5>

</BODY>

</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>def14a1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 def14a1.jpg
M_]C_X``02D9)1@`!``$`2`!(``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`#L!IP,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/?Z`"@#.U77=,T...34KM+9)#M4L#R?PJX4Y5':*,YU(T]9
M.QE_\+`\*_\`09A_[Y;_``K;ZK6_E,OK5'N3V_C3P[=1S/;ZI%((5WN%!R%]
M<8R1ZXZ5$J%2+LT4L13>S*__``L'PI_T&8O^^6_PJ_JM;^4GZU1[A_PL'PI_
MT&8?^^6_PH^JUOY0^M4?YB6V\<>&[RX2WMM3269SA41')/Z5,L/4@KR14<13
MD[19T&16!N8-WXU\.6-W+:W.JQ13Q-M="&RI].E;QP]22ND82Q%*+LV0_P#"
MP/"O_09A_)O\*KZK6_E)^M4>YKZ;K.G:Q;^?IUW'<1@X)0]/J.HK&<)0=I(V
MA4C-7BR]TJ"S,U3Q!I.B-$NI7L=L9<[`_?'7^=:0I3J?"C.=6%/XF&E^(=)U
MEY$TV^CN&C`+!.P-$Z4Z?Q*PH585/A9H22)#$TCG:B`L3Z`5FNQHW97.?MO'
MGAF\NHK6WU5))I7"(@1LDGH.E;O#54N9HP6)I-V3-VYNH+.W>XN)5BAC&6=S
M@`5BDV[(WE)15V<\/B'X4)P-8C)]!&_^%;_5:W8Y_K5':YTJ.)$5USAAD9&#
M^5<^QTCJ`"@`H`3-`"T`%`!0`4`%`!0`F:`#-`"T`%`"9Q0`M`!0`4`&<4`%
M`!0`F><4`+TH`*`"@`SB@!,B@!:`"@!,T`+0`F:`%H`*`"@#QWXUWH-UI5B#
MRBO*P^I`'\C7JY?'>1Y.82U2/*:]6QYA9T^^ETW4(+R$X>)@WL1W!]B.*B<>
M:-F5"7+*YTNNQ^'-*U>6V729Y4(61'%SC*LH8<8XZURTG-QW.FHH1=K&<MWX
M>9@JZ)<EB<`"Z//Z5;YTM9$+V=[6/9?!'@RRT51J1L6M[V5-H1I?,V*<'T'-
M>3B*\JCY;GJX>A&&MCLSA5))P!7*=;T/EC6KW^T=<O[T'B>=Y!]"Q(KZ6E%1
M@D?-5'>;91Q[8JU)7T)LTCLOA=>R6GCNSC4D)<*\3@=QMR/U`KDQL%*DY'7A
M)M54CZ%/2O!/=/GSXHZP=4\8S0J?W5D/)7'KU;]3C\*][!4^6G=]3PL94YJE
MET-WX*'_`(FNJC_IBG\S6&/^%&V7_$ST_P`4W(L_"NJSDXV6LF/KM('ZUYM%
M<U1(]&N^6FV>!_#^W^T>.])C`^[+O_[Y4G^E>YBGRTF>+AES54=;\5_%R7DH
MT"QE#0Q'-R1W<=%_#O7)@J%O?D=6,KW]R)!\+/!RZE<_VY?Q9M8'_<+G[S@]
M?H*K&8BRY(BPF'N^>6Q[:!BO(/7%H`*`.=U?QEIVC:I_9T\-W+<>6)=L$._Y
M2<9X^E=%/#SG'F6QSU,1&G+E>YR=GXW@3QOJ-R\.I-:/;1B.$0,2K=R5[=.M
M=,L,_9**M>YRQQ"55MIV.NT3Q?IVNZA+8VL=S'/%'YC+-%LP,@?UKEJ8>=*/
M,]CKIXB-27*MSH#6!N>;0:U?3?VC<76I:L%CU&>VBCL+9)`JH1C/RD]Z]!TX
MJR26R>IYRJ2U;;W:T&P^)(YWD2'5O$LCQMM<+91G8?0_)Q3=*V\8_>)5;[2E
M]QT7A.]O9=5URRNKR6Y2TEC6)IE4,`R9.<`>M<]>,5&+2M<Z*$I.4HMWL=-(
M2(7(ZA3BN='2]CE?AWK%_KGA5;W49_.G:9UW;0O`QZ5TXJG&G4Y8G-A:DJE/
MFD1>#K^18O$LE]>2/%::I/&'FD)$<:XXYZ"C$05X<JW2%AY:3YGLV=?'(LL:
MNC!D8`@CN*Y;6.M/JBCK5[?V%FLNG:<;^8N`8A($PO<Y-73C&3M)V,ZDI15X
MJYPOC+Q!XA?PI>B;P[-IZ?(?M*WBL4^<8X`S[?C7;0I4E45I7^1Q5ZM3V;O&
MWS-JW\1>)5MH@/"$K#8,-]M3GCKTK%TJ5_C_``-E5JV^#\3J[226:R@EGA\F
M9T#/'G.QB.1GVKFDDG9'5%MI-E#7=?M/#]M#-=K,XFE$*+"FYBQ!(&/PK2G2
ME4;2,ZM6-))R./U#QN&\5:.T5KJL=J$F\V$VS*9#@;<+WQ^E=4</^[EJK^IR
M3Q/[R-D[:]#H],\9:?JFKII:07D%TT9D"7$)CRH[\USSH2A'GTL=$,1&<N17
MN=%6!T'*>))=9DU"(^'+^![JSYN+&3&'5NA/<?Y_'II*"7[Q:/J<M5S<OW;U
M70Y_Q/XLN;W0=9A2-K*73KZ*!I8YOOY8Y[#'`K>C049Q>]TS"M7<H26UF=EI
M?B?2-8OI;+3KQ;B6%-S[0<`9QUKDG1G!<TE8ZX5H3?+%[&S61L<GXYU6_M+2
MRT[1I=NK7TX6$`=%'+$^W3\ZZL-"+;E/9'+B9RBE&&[*GC35-1\/OX?OUN6^
MR)<B*]P``X(')_`-58>$*G-'KT)Q$Y4^65].IVRL&`((((R"*X]CL0CL$4L>
M`!DT!L>52>*-*DN99/\`A.;^-'<LJ)#@*">GW:]-49I)>S1Y;K0;O[1C6U^T
MFBF2P\;ZC+=")WC1HP`Q52<?=]J?LVFN:FK"]I%KW:CN=MX$O[G4_!FG7EY*
M9;B0/N=NIP[#^0KCQ,5"JU'8[<-)RI)LZ.N<Z`H`2@#P#XLW/G^.98\\001Q
M_IN_]FKW,#&U*YX>-E>I;L</7:<1);P/<W,<$2EG=L``9K.K45.#DS6C2=6H
MH+J=GJ^H:Q=ZK,VDR,MC$B1Q[G5?E50N>3WQ^M>5AZ]&:L]SUL5@J]%WZ'=>
M`/#NL`G4M>D+`C$,!P1_O''Z5&(J1V@+#TI;S/1L8KA.\SM>N19>']1N<X\J
MVD<?@IK2FKS2,ZKY8-GS7X>AAN/$6FQ7#JD+7">8S'`"YY_2OH:SM3=CYZE9
MU%<]1^*FJ:,_AJ&TM);:6Y>96'E$$JH!R>*\W!QG[2[V/1QDH>SM'<YCX3:7
M-=>+X[T1GR+1&8OCC<1M`_4G\*Z<;/EI\O<PP=.]2_8]G\2:J-#\/7VH\;H(
MR4!Z%N@'YD5Y%*'/-1/7JSY(.1\TI!<ZB+^_?+^4OFS.?5F`'YEJ^A34+1/G
M6G.\CT+X*G&M:F/^F"G_`,>KAS#X4=V7_$SL?BO??8_`\T8.&N94B'Y[C^BU
MQX.-ZJ\CLQDK4CQ?P[K)T&\GOXQ_I*V[)`?[KMQG\`6KV*U/VD5$\BE4]F[C
M_#.@W'BOQ"EB)2I?,DLIY(7N?KS^M*M45"%T.E3=:=CZ3T^P@TVPAL[5`D,*
MA5`]J^?E)R=V?00BH+E1:J2@H`*`/-]7U8Z/\5Y)Q8S7F[2PGEPC)'[S.?T_
M6O0A3Y\.E>VIY\Y\F(;M?0I6?BIX_'6I7O\`8=ZQEM8T\D)\RX/4^QJW0_<J
M/,MR%6M6<N5[(O>$M2_M/XFZU<&UEM6:TC'E2C##&VLZT.2A%7OJ70ESXB3M
M;0]'K@/0.`\+P:G/8ZVNF7D=K(-:N2S21;\CCC%=M9Q3CS*^B.&BIM2Y';WF
M86@W&JZ?KFM!M52$/J1CF?[+O#/Z_P"R#TK>HH2A'3IW,*;G"<M>O8[#PQ_R
M-GBS_KYB_P#18KDK?PX'71_B3_KH=3+_`*A_]T_RKG6YTO8\J^&OA>*^T2TU
M5K^ZC:&Y+"%'Q&=K`\CWKTL96<9N%EL>9@Z*E!2N]R70O#!\1:GX@^U7\R:=
M'K%P'M(SM$IR#EC^5*I6]E&-EK9:CI4?:RE=Z7>AZ;;016L$<$"".*-=JJO0
M`=J\YMMW9Z22BK(=,/W+_P"Z:%N#V/%-)@T!M&M(/$,6K_VA-OWH`^'PQ(P,
M\X&*]B;J<S=.UCQH*GRI5+W-/2%T^3Q=X>F\/C4GLV>7SWG#%.%PO)XZ[JRJ
M<RIS52US6GRNK!T[VU/7.U>6>J</\27,5KH3K<+;,NJ1$3,,B/Y6^8CVKLPB
MUEIT.+&:*.MM3F-0U*Z;Q5H\K>+K25T2;;<"W4+#D#@COFNB,$J<ER=CFG-^
MTC[_`'+FB7,ES\5[-Y=6BU-AI[#SHHP@49;Y<#\_QJ:B4<,[1MJ73;>)5W?0
M]3KS3TSA?&>FZ;%K&EWBM-!J=W,;:-K9MK-N4C>?7:2#79AYSY91Z+4XL1""
ME%[-Z'G]UHEO!9>)))I)+BXM-2BA661B2P+<DCH2:[XU&W"VET<#II1FWT9W
MOAI]/F^(FJOI2(+2*R2(^6FU5<-R/K7#5YE0CS;W.ZCRNO+EVL=X>`:XCN.(
MM;.[TR_U3Q7XGEC#VZM';1H?ECCSV]SP*[)2C)1I4OF<48R@W5J_(;HO^E^#
MX[7Q9=J9-6=O)BE^\H8_*![C((],BBI[M6]%?"%/6E:J]R_X/T;6]":ZL;^^
M%UIT6!:$CY\=\GV]*BO4IU+2BK/J70IU*=XR=UT.JQQ@BN8ZC@+>+5M2\2:W
M96-S9VMO8RHJ*]HK'#+GK7<W"%.,I)N_F<*4YSE&+22\B!3?+>^)=-U"2VG-
MGII='BMUCP65O2G[MH2CU9/O)SC+HC;^&O\`R3_2O]V3_P!&-66+_C2-L)_!
MB=97*=0C?=-`')WFOWFIZD^F:(H&SB2Z(RJ>N*Y)593ER0/0CAX4H>TK?<>#
MZ]<R:AXAO)/,:=FE*A^[@<`_D*^HPT5AZ"YGL?*8F7UK$-TX[]"-=+95!FF2
M'/8GFN5YFKVIQ;1W1RAI)U9J)N>'K6#3[FY>7S'NFMV-H\6,AOXL9[[<XJ88
MSZU[J5K;A7R^6!M)N]]F&A)IEU<-#;M=;_E*QS;65_F`QQ]:Y\QAR04U:_D=
M64S=2<H2;<;=3Z*10J!5``'8=JYB]A_:@#C?BA=FT\!WH5MK3,D0^A89_0&N
MK"1O51R8N7+29\]I&SG"*6/<`9KWG;J>$D^@,CQMAU*GT(Q0K=`=UN>^?"Z^
MTZ[\+".QMEMY(7VS*#DEL#YL^_\`2O#QD91J>\SV\'*+AHC$^,FL^596>CQ2
M8:5O.E4?W1PN?QS^5;8"G>3F^ACCZEDH(YNPTHV7P=U?4'7#WTT07_=608_7
M-=$I\V)4>QSQARX=R[EWX+G_`(GVHC_IV'_H0J,PTBB\O^)FS\:KC;I.EVV?
MOS,^/]U<?^S5EEZ]YLVQ[M%(\9KV#R#M/A9<_9_'EHN<":.2,_\`?.?Z5Q8V
M-Z39UX.7+5/H0=*\$]X6F`4`%`%;[!:B^-\($%T4\LRX^;;G.,T^9VY>A/*K
M\UM3G+""=?B7J\[0N(&LXE60C@D'I^M=$FO8176YSQ35>3Z6.D2RMH[N2[2%
M%N)``\@'S,!ZG\*Y[NUNAT\J3N3GBD,\GM[/6(KC5(AH5[/$VHSRI)%.8@0S
M#MWZ5Z;E3:B^9;+H>6HS3DN5[L(](OHFE:/PI?J96WN1>GYF]33]I'^=?<')
M)?8?WG1^`K:]@O-<FO+&6T,LL6U)6W'`3'7O7-B7%J*B[G1AE).3DK'8W)<6
MDQC7>X0[5]3C@5RK?4ZWMH>8_#W1/$#:;;PW<LFGZ=:SF01`8>=LY.?]G@5Z
M.*J4N9N.K9YN%IU.6TM$B73=7UCPSJ.O0+X=NKM;G4IKB.1"`"">/Y4I4X58
MQ?/:R0X5)TI27*W=MG9^$AJP\.6K:T^Z^8;GR,$#L#[XKDK<G.^38[*'/R+G
MW+6MZG)I&FO=Q64MX4('E1?>^M13ASRM>Q52;A&Z5SF--LM6\1:RFNZK:?8H
M;:!TLK8G+!G&&9OPXKIE*%*/LXN]WJSFC&=27M)*UEHCG-&UGQ+H?@^'0[+P
M[="_A+!)R`4YD+'CZ$BMZE.E4J<[EIV,*=2K3I^SC'4]6M3*;2$S@+,4!<#H
M&QS^M>:[7T/35[:E35=%L=92W2^B\U+>43(I/&X`CGUZFJA4E3ORD3IQG92.
M-\5:-!IFO:-?VGA\7=I$)EGBA0=2!M)_6NRA4<H2BY69R5J:A.,HQNBK#)+/
MK=I-HWA6;3[TE8VN)``B1;LMD>I&13:M!J<[KL3%MS3A"S/2Q7GGHG(WFE7N
MI?$BSN[B$KIVFV[/"V<AY&X/TQ_2NJ,XPH-+=G+*G*5=2>R.8N-.U6UU7Q!;
MS^&KC4+*^O!<1M$X7H21_.NE3@XP:E9I6.9PG&4DX73=S:THZ]J'B"V=='?0
M[&)GEN<D9N"V../?FL)^SA!KFYG^1M#VDII\O*OS.\/2N,[3A?&MCK^K:I9V
M-G81W6E*HEF21]JR."<*Q]!P<5V8>5.$7)NS.+$1J3DHQ6A0\3Z)XKUW3HI)
MK6QMY;%O/A\ER6!`S@?7`_*KHU*-.6C>IG6IUJD=4M#N=$NKJ\T:TN+VW-O=
M/&#)&?X6[UQU$HR:CL=U-N4$Y;FA4%G(R>`;&[UW4M3O9I9/M;(52-RFS`P>
MG7/%=7UF48*,>AR_58N;D^IDZOH*>$;;4KK3+6ZO1J</V4PJVXQ94X;)Y(S_
M`#K6G5=9I2=K:F4Z7L4W!7OH=!X"LKC3O!6F6MU$8ID5BR-U&78C]#6&)DI5
M9-&^&BX4DF=)7.=!C>++N6Q\,7T\+%9`H4$=LL!_6L<0W&FVCKP4%4KQBRII
M=M%H7@UI8P-PMFG=O5MN<T\-344B,;5E4J2?W'S_``V@L2EQ<,P<_=1.M=]7
M%_6;TJ6RW.;#X!8-*M6W>R1:6TMY5:YFBD51R2[<G\*X)8FK3M1IM'I0P5"L
MG7JQ=O-C+&[EFUZQF6,K!;S*V`.B@C/Z"O1A&C@Z3<G>3/)K2Q&85HP@K1CL
M;9;6X9K:[L=-C:5#O#QQ`*>>.*RH0^LRYZNRV1IB*BP4/94=9/=GN6C7YU+2
M;>Z>(PR.H+QGJC=Q652/))HBG+GC<T.U2:'EWQHOQ%H^GZ>#\TTQD/T48_FW
MZ5Z.`C>;D>;CY6BHF)\'+*&;4M3N9U1ECB5!O`QEB3_[+6N/E9)(QP,$VVR#
MXOR6/]N6,-FL0D2$F3R\=SP#CZ'\ZK`J7*VR<;R\R439^"L+QVNL7+'$3-&H
M^H#$_P`Q668/WDD;8#1-G`^-=<77_%=W?1$F`8CB_P!U>/U.3^-=V&I^SII'
M#B*G/-LSY-<U.72ETQ[R0V2XQ#GY1@Y_G6JI04N:VIG[27+R]#N_@N<>(=0'
M_3K_`.S"N#,/@1W9?\;#XSWGF:_I]GGB&W,GXLW_`-B*>7JT6PQ[]Y(S_"/@
M>35/#NIZQ<Q906T@M`3]YP#\WYC%5B,1RS4$10H<T')G*Z!?'3/$.GWH.T0S
MHS'VSS^F:ZJT>:FT<M)\LT?4RG(S7S>Q](MA:!A0`4`9FIZ[9:5)##.[-/,<
M1PQ+N=OH!5PIRDKHSG4C#1B0:Y9W#31IYHGA3?)"R$.H]Q0Z<E8%4B]"G:^,
M=*O=)N-4MVF>SM\^9((C@8&3^5:2H3C)0>Y$:\)1<UL,E\:Z/#H\6JR/,MC*
MVU)3$<$\_P"!H6'FY<BW!XB"CS]"74O%>EZ1;6MS?/+##<_ZMFC/Z^E*%"<V
MU'H.=>$$G+J7[G5;:U>T5M[?:WV1,B[@3C/7Z`G\*S4&[^1;FE;S+$MU#;RP
M12R!7G<I&"?O'!./R!I)-[="FTFD^I-VI#,*[\5Z98ZG)ITOG_:DC\THL1/R
M^OTK:-&4H\RV,76C&7*]S0TS5;+6+,7=C.LL))&1V/H?2LYPE3=I%PG&:O$D
MMKZWN;BY@AD#26SA)0/X20#_`"-#BXI-]1J2;:70S[_Q-IVFZO;Z9<&47=QC
MRE$9._)[&KC1E*+DMD1*M&,E%[EF75K>+5(M.9)3/("5VH2,#J<_C4*#<>8I
MS2ER]1NLZW9:!9_:[]G2#.TNJY`/O54Z<JCM$52I&FKR(;#Q/IFH7BV<,S)<
M,@D2.52I93W&>M.5&<%=[$QK0D[+<T+F^@M)K:*60*]S)Y<8]6VEL?D#6:BW
M>W0T<E&R?4BU+4[?2XHI+@.?-D$:+&A8EB">@^AIQBY;"E-0W,B'QOH\YG$9
MN&^SOY<I$)^1LXP?2M7AYJQDL1!W\AU]XUTC36D^TO,BI,8"_E':7'4`_A1'
M#U);!+$0AN/G\7Z9:VUS<SBXCCMBHE+0D;-W3/UI*A.320W7A%-OH36OB2QN
MKJVMXTN%>Y!,1>(J&`&[K]!2=&44V^@XUHR:2(&\8:6E]<V9%Q]HM@&F00G*
M`C()]N:?L)V4NC%[>%W'L7&\0:>-$.L1S^;9!=QDC&[`[\5/LY<W)U+]I'DY
M^@66O66H:.=5M3(]J`2&"<D#KQ0Z4HRY'N*-6,H\ZV+<%['<:>EY&DGE.F]0
M5PQ'TJ'&SL6I75S$@\<:-<:7/J<+S/9P-MDE$1PI_P`D?G6WU>:DH]3%8B#B
MY+8N_P#"2:=_8::PDC263XPR+DC)QR.W-1[*2GR=2_:QY.?H2ZCKEEI<$4ET
MY5I2`D07,C$]@O6B%.4W9#G4C!:A9ZU:WMU]E42Q7(0R>5-&48+D#./QI.FX
MJX1J*3L:0%0:"T`9?B+3GU70+NRB($DBC;GU!!'\JRK0YX.)T8:K[&K&;Z'F
M=WKVLV&BW.@WD6S=$80S`AE!'Z\5P4\14H/EE$]JI@J&*?/3E:YQMTYAB)DN
M`N.-PCYKHPL54J7C'\3'&S=&G^\GMY&5!JTL"%"OFKG(W=:]NKE4:K4E[K/G
M*&=U*"=-KF1TVAF(Z=<ZCJDT=C;2HT-L60G>Y&"P`[*/U(K&.7PIS5O>:*J9
MM5JP:MRHH_8-&``'BQP!T_=/7JIR6T#Q7RMW<CN/ASJFF:7J$FFKK_VPWA'E
MQM&PPX]SZC^0KBQ4)27-RV.S"5(Q?+<]6[5YQZ9X3\8;LS>+H;<'Y;>V48]"
M22?TQ7LX"-H-GBXZ5ZB1P<-U<6P(@GDB!Z['(S^5=[@GNCA4FMA88KB^NDBB
M5Y[B5@JJ,EF/:DW&"N]!I2D]#VJ:`^`/A3+$2/MLRD-_UT?@_D/Y5XR;Q&(\
MCUVOJ]"W4\U\#^%AXKUI[621HK>*,R2.HYZX`_7]*]+$5_8PTW/.P]'VTK,Z
M#QO\/+'POH(O[>[EE<RK'M8`#G/^%<^'Q4JD^5G1B,*J4;H=\&&`\3WR$\FT
M)'X.O^-&8?`AX#XV9?Q4G\[QY=*#Q%'&G_CN?ZUI@E:B98QWJGKW@*W$/@/2
M8R.&AW8_WB3_`%KR\2[UI,]3#Q_<I'SI?0&UU&YM\8,4K)^1Q7O1?-!'A27+
M-GU)H]Q]KT6QN,Y\V!'_`#4&OFYJTFCZ.F[P3+M26%`"&@#S?PL\TGQ9\1?V
MAD7*(1;ANT6X8(_#;^9KT*UEAH<NQYU"_P!9GS'H$L4/F/,%7SO**DCJ5_\`
MUUP)L[VEN>3>$Q>?\*DUKRC"(-MQNW9W?<&<5ZM;E^LQ^1Y='F^K2MYC=7_Y
M(5I6/^>J_P#H;TZ?^]LFI_N:.^U+3;;5['2+"[0-#-&RGCI^Z/(]ZX(3<'*2
M_K4[YP4XQB_ZT.4T*?4]$\3:=X3U)6>""X:2RG(^_&(Y./U_#I7554*E-UH_
M/\#FI.=.HJ,OE^)-\1%NKJ`ZK8K<++H\RF)U4[#C[YS['`_X":G"-1]R74>+
M4I>]'[)WFC:G%K&CVFH0,"D\8;CL>X_`Y%<52/)-Q?0[H34X*2.,OA=-\77%
MDT2S_P!E?*902OW^^*ZX./U;7:YQS4OK/N[V(_`-Y'IVC:\K0NVH6UV_VA%Y
M$DA.`$QZD8HQ,7*4>S0862C"7=,AT=G\,?$7[-))*+76XMY,RE?WXZXS[D_]
M]"JJ?O:%UO'\B:?[FO;I+\Q/'AN5^(7ALV2H;H(_E!_NEN<9IX:WL)WV%B;^
MWAR[FYX%UR+4X)[6[C\K7+=B+M''S$YZCV]NU88FDX-27PO8WPU123B_B6Y#
M\5_^1#N/^NL?_H55@OXR%C?X+.>D<V7C'PG<ZP-T4EM'%9M!QM;@?.._WA6^
M]*:AWU.>_+5@Y]M"_P"/C?7,;:M:K*AT6X62#"$I)C'F,3['`_X"?6HPO*O<
M?VOZ1>*YFN=?9_IG;:)J,.N:+8ZFBC$R"0#^ZV,$?@<BN.I!TYN)VTYJI!21
MQWP[17UOQBK`%3?D$'O\SUUXK2-/T./"+WZGJ)\6(DBT#3%C4*#J*L<#N58D
MT8'XWZ!CE:"]37^)"*/`6K,``Q6,$XZXD6LL)_&B:XM?N9$WAYKN.TADU,0K
M"(;<6K*3CE2O?^+YL?C4U;7M'SN52O:\O*QR=WJ&IZ7\0O%MWIEE'=O';PET
M9B"%\M>1ZX]*ZHQA*C34G;<Y7*<*U1Q5]$=%\.=/L;?P3"MM/]JBN29)=PX#
M$`,N/;&*Y\7*3K:JQOA(Q5%6UN<_X6LY=,\5ZMX,=MUAO%VIW<[./D_'*Y^A
M]:WK24Z<:W78QHQ<*DJ/3<]1``4`#``KSCTCR_X61)-X#NXI4#QOJ05E89!&
M(N*]'&MJLFNW^9YN"5Z+3[_Y%74;6Z\#ZC/ID:,^AZJZ^2>ODR9'RU<'&NE+
M[42)QEAVX_99IQLS?'*5;K[J6?\`HP;I]U<X_'?66GU33N:_\Q>O8]"D6!)1
M</M5D0C<>,*<$_R%<*OLCO=MV21R)+&KQL&1AD,#P12VT&G?8=0`4`9^IZ+8
M:Q`(;V`2("".2#^8YI612E)?"[&-)\.O#,O^LT_=]9&_QK2G-TG>)G57ME:;
MN1_\*T\*?]`L?]_&_P`:Z/KE7N<WU2EV+E_X(T#4EMUNK(,ENGEQ(&*A![`&
MLX8BI#9ERP].6C12_P"%9^%/^@8/^_C?XUI];J]R/J=+L26_P[\-6ES%<6]@
M8YHF#HRR-E2.AZTI8JI)6;''"TXNZ1U..*Y3J.5UGX>Z)KNJ2ZA>B9IY,`[7
MP.!BNFGB9TX\L3EGA83ES,H_\*F\,?\`/.?_`+^?_6J_KE7N1]2IFQHG@K0_
M#\@EL;0";_GJYW-_]:LJE>I4T;-J>'A3=TB?Q#X8L?$UO%!?M+Y43;@J-@$^
MI_SWJ:565)WB.K1C55F1>'?!^E>%VG;3D<-.`&+MGIG_`!IU:TJOQ"I4(TMB
MUKWAZR\1V"V5^',*N'PAQR`?\:FG4=-WB54I*HK,H:!X'T?PU?/>:>DBRO&8
MR6;/!(/]!5U:\ZJM(BEAX4G=%34_AOH.K:C/?W:SM/,VYB'Q50Q52$>5$SPL
M)RYF=-8V46G:?;V4`(A@C$:`^@&!6$I.3NSHC%15D<I=_"_P[>WL]U*DPEGD
M:1MKX&2<G^==$<74@K)G-+"4Y.YU6G6$6EZ?!8VY;R8$")N.3@=*YY2<G=G3
M&*BK(M5)04`%`&;>:%8WMZEZ\9CO(UVK/&VUP/3W'UK2-245R]#.5*,GS=2:
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MK)1Y.@G1BY<_4(?#.EVL0CM8#`OF^<=CG+/G(+$G)Y]:'6FW=ZB5&"5HZ#M5
M\/:=K,]K->Q,\EJVZ%@Q4H>#GCZ"E"K*FFH]1SI1FTWT&WGAO3K_`%.WU&X1
MVN[;'E/O(V?04XU91BXK9A*E&4E)[H8OA;2X]<DUB.)X[Z3[TB.1N^HZ=A1[
M:?)R=!>QBI\ZW+.KZ+9:[9_8]00R6^<E`Q`)[=*4*DJ;O'<JI3C45I;$$?AC
M28YX)S;>9-;J%A>1BQC`Z8R<#ZTW5G:UQ*C!.]M2Q_8]K_9<NG-O:VE5E8,V
M20W7GWR:GG?-S=2E32CR]`TG1;/1+'['8(T=ODD(6)VYZXSTISJ2J/FD*G3C
M37+$BTSP[I^CW5S<64;1R7+;YB7)WMR<G\S1.K*:2?04*48-N/476=`T_7HH
MHM0B,L<3[T4,1AO7BBG4E3=XCJ4HU%:0_4M%M-6T\V-Z'DMVQN3<1NP01G'T
MI0J.$N:.X3IQG'E>PR/0+*,VV#,5MB#$K2DJN!@<=\4_:RU\Q>RBK>0EMX>L
M+35+C4HD;[7<@+,[,3O`X`(_"AU9.*B]D"I1C)R6[':3H&GZ&)ETZ(P1S/O:
M,,2N?4#M1.K*I;F"%*-/X1D7AS3X-:?5T1Q?2+M:3>>5XXQT["FZLG#DZ`J4
M5/G6YJ.F]&3)`(QD=:R-3&L/"FEZ79O:6*200/()2BR'[PQS^@_*MI5I3=Y&
M,:$8*T2]?:5::C:+;7D?FQJRL-W4,.A^M9QG*#NBY0C-69%?Z%8:C<17,\.+
MF+_5SH2KK]".W/2G&I*"LMA2IQD[L)-#LY[.>UN/,F2=#'(9'))4]1[?A0IM
M--=`=.+33ZEC3["WTNP@LK52D$"A$4G.!2E)RES/<J,5"*BBU4E!0`4`%`!0
M`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%
L`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`?_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
