CBAK Energy Technology, Inc. — Director's Dealing 2007

Apr 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHINA BAK BATTERY INC (CBAK)
CIK: 0001117171
Period of Report: 2006-12-21

Reporting Person: Li Xiangqian (Director, CEO, President and Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-21	Common Stock	J	1089775	—	Disposed	20143662	Direct

Footnotes

F1: Mr. Li is a party to an Escrow Agreement related to a share issuance by China BAK Battery, Inc. (the "Corporation") in
January 2005, pursuant to which he placed certain shares of his common stock into escrow for the benefit of the investors in
that issuance. As of December 21, 2006, 1,089,775 of such shares remained in escrow. Pursuant to the Escrow Agreement, In
the event the Corporation failed to satisfy certain "performance thresholds" for 2006, such escrowed shares would be
released to the investors. As further described in the Corporation's Annual Report on Form 10-K for the fiscal year ended
September 30, 2006, the Corporation failed to satisfy such performance thresholds for 2006 and, as required under the Escrow
Agreement, the 1,089,775 shares remaining in the escrow were released to the investors on December 21, 2006.