[EXCHANGE AGREEMENT Agreement Lender Borrower This Exchange Agreement (this “ Original Note Purchase Agreement Transaction Documents A. Borrower previously sold and issued to Lender that certain Promissory Note dated July 24, 2019 in the original principal amount of $1,395,000.00 (the “ Partitioned N]

[Nevada 001-32898 86-0442833 (State or other jurisdiction (Commission File No.) (IRS Employer BAK Industrial Park, Meigui Street Huayuankou Economic Zone Dalian, China, 116450 (86)(411)-3918-5985 (Former name or former address, if changed since last report) Title of each class Trading Symbol(s) Name ]

[CBAK ENERGY TECHNOLOGY, INC. Annual Report on Form 10-K TABLE OF CONTENTS PART I Item 1. Business 1 Item 1A. Risk Factors 10 Item 1B. Unresolved Staff Comments 28 Item 2. Properties 28 Item 3. Legal Proceedings 29 Item 4. Mine Safety Disclosures 29] [LIST OF SUBSIDIARIES Jurisdiction of Name of Subs]

[EXCHANGE AGREEMENT Agreement Lender Borrower This Exchange Agreement (this “ Original Note Purchase Agreement Transaction Documents A. Partitioned Note B. Note Exchange Common Stock Exchange Shares C. D. E. F. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which ]