[Highpower International, Inc. Reports First Quarter 2012 Financial Results New York, USA & Shenzhen, China – May 11, 2012 – Highpower International, Inc. (NasdaqGM: HPJ) , a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and First Quarter 2012 Highlights · Breakeven EPS for the first quarter of 2012 · Sustained growth in lithium battery segment – lithium battery net] []
[- FORM 10 (Mark One) [X] For the quarterly period ended: March 31, 2012 [ ] For the transition period from ______________to ______________ CHINA BAK BATTERY, INC. Nevada 88-0442833 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) BAK Industrial Park No. 1 BAK Street Kuichong Town, Longgang District Shenzhen 518119 Peoples Republic of China (86-755) 6188-6818,] [CERTIFICATIONS I, Xiangqian Li, certify that: 1. I have reviewed this quarterly report on Form 10-Q of China BAK Battery, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements] [CERTIFICATIONS I, Ke Marcus Cui, certify that: 1. I have reviewed this quarterly report on Form 10-Q of China BAK Battery, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such] [2. Information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company. th] [2. Information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company. th (Principal Financial Officer)] [Comprehensive Credit Facility Agreement of Maximum Amount (Credit Facility Agreement) Entered into by and between Shenzhen BAK Battery Co., Ltd (the Company) and Shenzhen Nanshan Branch, China Everbright Bank (the Creditor) Dated November 11, 2011 Main articles: Contract number: ZH7824201111; Maximum amount of credit facilities to be provided: RMB 80 million, including RMB 40 million for bank acceptance] [Summary of Guaranty Contract of Maximum Amount ( the Contract) Entered into by and between BAK International Limited (the Guarantor) and Shenzhen Nanshan Branch, China Everbright Bank (the Creditor) Dated November 11, 2011 Main contents: Guaranty Contract number: GB7824201111-1; Bak International Limited undertakes to assume joint and several liabilities for Shenzhen BAK Battery Co., Ltd (the Obligor)s indebtedness] [Summary of Guaranty Contract of Maximum Amount ( the Contract) Entered into by and between BAK International (Tianjin) Limited (the Guarantor) and Shenzhen Nanshan Branch, China Everbright Bank (the Creditor) Dated November 11, 2011 Main contents: Guaranty Contract number: GB7824201111-2; Bak International (Tianjin) Limited undertakes to assume joint and several liabilities for Shenzhen BAK Battery Co., Ltd (the] [Summary of Guaranty Contract of Maximum Amount ( the Contract) Entered into by and between Xiangqian Li(the Guarantor) and Shenzhen Nanshan Branch, China Everbright Bank (the Creditor) Dated December 14, 2011 Main contents: Guaranty Contract number: GB7824201111-3; Xiangqian Li undertakes to assume joint and several liabilities for Shenzhen BAK Battery Co., Ltd (the Obligor)s indebtedness towards China Everbright] [China Development Bank Contract No.:4403236012009020660 Applicant Shenzhen BAK Battery Co., Ltd Currency RMB Amount 21,600,000.00 Loan Term 72 months Usage Constructing BAK Battery R&D Centre Annual rate 7.4025% Loan Account of 1044300028 Deposit Account of 44301560040217970000 Stamp of Applicant Stamp of China The above loan has been transferred to the applicants account.] [Summary of Loan Agreement Entered into by and between BAK International (Tianjin) Limited (the Company) and Tianjin Branch, China Construction Bank (the Creditor) Dated January 16, 2012 Main articles: Contract number: 12302012001; Loan principal: RMB 47 million; Loan Term: January 16, 2012 to January 15, 2013; Fixed interest rate: Interest rate of loan shall be 105%] [Summary of Guaranty Contract of Maximum Amount ( the Contract) Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Guarantor) and Tianjin Branch, China Construction Bank (the Creditor) on January 16, 2012 Main contents: Guaranty Contract number: 12302012001; Shenzhen BAK Battery Co., Ltd undertakes to assume joint and several liabilities for BAK International (Tianjin) Limited (the] [Summary of Mortgage Contract of Maximum Amount ( the Contract) Entered into by and between BAK International (Tianjin) Limited (the Mortgager) and Tianjin Branch, China Construction Bank (the Creditor) Dated January 16, 2012 Main contents: Contract number In order to guarantee the indebtedness of BAK International (Tianjin) Limited (the Obligor) towards the Creditor under the Guaranty Agreement of] [Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated January 10, 2012 Main contents Contract number: 81010120120000034; Loan principal: RMB 7.5 million; Loan term: from January 10, 2012 to January 9, 2013; Fixed interest rate: Interest rate of] [Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated January 10, 2012 Main contents Contract number: 81010120120000039; Loan principal: RMB 42.5 million; Loan term: from January 10, 2012 to January 9, 2013; Fixed interest rate: Interest rate of] [Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated January 10, 2012 Main contents Contract number: 81010120120000035; Loan principal: RMB 15 million; Loan term: from January 10, 2012 to January 9, 2013; Fixed interest rate: Interest rate of] [Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated January 12, 2012 Main contents Contract number: 81010120120000048; Loan principal: RMB 50 million; Loan term: from January 12, 2012 to January 11, 2013; Fixed interest rate: Interest rate of] [Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated March 27, 2012 Main contents Contract number: 81010120120000258; Loan principal: RMB 30 million; Loan term: from March 27, 2012 to March 26, 2013; Fixed interest rate: Interest rate of] [Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated March 28, 2012 Main contents Contract number: 81010120120000261; Loan principal: RMB 50 million; Loan term: from March 28, 2012 to March 14, 2013; Fixed interest rate: Interest rate of] [Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated March 29, 2012 Main contents Contract number: 81010120120000268; Loan principal: RMB 50 million; Loan term: from March 29, 2012 to February 27, 2013; Fixed interest rate: Interest rate of] [Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated March 31, 2012 Main contents Contract number: 81010120120000280; Loan principal: RMB 50 million; Loan term: from March 31, 2012 to October 24, 2013; Fixed interest rate: Interest rate of] [Summary of Mortgage Contract of Maximum Amount ( the Contract) Entered into by and between Shenzhen BAK Battery, Co., Ltd (the Mortgager) and Shenzhen Eastern Branch, Agricultural Bank of China (the Creditor) Dated February 29, 2012 Main contents: Contract number In order to guarantee the indebtedness of Shenzhen BAK Battery Co., Ltd. (the Obligor) towards the Creditor under]
[PRESS RELEASE China BAK Reports Second Quarter Fiscal Year 2012 Financial Results Shenzhen, China May 7, 2012 Second Quarter Fiscal Year 2012 Highlights Revenue from high-power lithium-ion battery cells reached a record $2.3 million, an increase of 197.3% year-over-year In March 2012, China BAKs polymer cells passed ZTE Corporations certification process and will supply polymer cells to be used]
[PRESS RELEASE China BAK Reports Second Quarter Fiscal Year 2012 Financial Results Shenzhen, China May 7, 2012 Second Quarter Fiscal Year 2012 Highlights Revenue from high-power lithium-ion battery cells reached a record $2.3 million, an increase of 197.3% year-over-year In March 2012, China BAKs polymer cells passed ZTE Corporations certification process and will supply polymer cells to be used]
[] [Independent Registered Public Accounting Firm’s Consent We consent to the incorporation by reference in the Registration Statement of Highpower International, Inc. and subsidiaries (the “Company”) on Form S-8 (File No.333-157443) and the Registration Statement on Form S-3 (File No. 333-168473) of our report dated March 30, 2012, with respect to our audit of the consolidated financial statements of the Company] [I, Dang Yu Pan, certify that: 1. I have reviewed this annual report on Form 10-K/A of Highpower International, Inc.; and 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements] [I, Henry Sun, certify that: 1. I have reviewed this annual report on Form 10-K/A of Highpower International, Inc.; and 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were]
[] [Independent Registered Public Accounting Firm’s Consent We consent to the incorporation by reference in the Registration Statement of Highpower International, Inc. and subsidiaries (the “Company”) on Form S-8 (File No.333-157443) and the Registration Statement on Form S-3 (File No. 333-168473) of our report dated March 30, 2012, with respect to our audit of the consolidated financial statements of the Company] [I, Dang Yu Pan, certify that: 1. I have reviewed this annual report on Form 10-K/A of Highpower International, Inc.; and 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements] [I, Henry Sun, certify that: 1. I have reviewed this annual report on Form 10-K/A of Highpower International, Inc.; and 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were]
[Explanatory Note TABLE OF CONTENTS HIGHPOWER INTERNATIONAL, INC. TABLE OF CONTENTS TO ANNUAL REPORT ON FORM 10-K For the Fiscal Year Ended December 31, 2011 PART I ITEM 1. BUSINESS 1 ITEM 1A. RISK FACTORS 12 ITEM 1B. UNRESOLVED STAFF COMMENTS 31 ITEM 2. PROPERTIES] [I, Dang Yu Pan, certify that: 1. I have reviewed this annual report on Form 10-K/A of Highpower International, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were] [I, Henry Sun, certify that: 1. I have reviewed this annual report on Form 10-K/A of Highpower International, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made,] [(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Dang Yu Pan Chairman of the Board and Chief Executive Officer April 9, 2012 Henry Sun Chief Financial Officer (Principal Financial and Accounting Officer) April 9, 2012]
[TABLE OF CONTENTS HIGHPOWER INTERNATIONAL, INC. TABLE OF CONTENTS TO ANNUAL REPORT ON FORM 10-K For the Fiscal Year Ended December 31, 2011 PART I ITEM 1. BUSINESS 1 ITEM 1A. RISK FACTORS 12 ITEM 1B. UNRESOLVED STAFF COMMENTS 31 ITEM 2. PROPERTIES 31 ITEM 3. LEGAL PROCEEDINGS 32 ITEM 4. MINE SAFETY DISCLOSURES 32 PART II 33 ITEM 5.] [Comprehensive line of credit contract Contract No: shenfaxinzhou20111208001 Party A: SHENZHEN DEVELOPMENT BANK CO., LTD. Shenzhen Xinzhou Sub-branch Add: Zhongchengtianyi Building, Xinzhou Road, Futian District, Shenzhen, Guangdong, China Tel: 23480048 Fax: 23480054 Head: Nannan Fu Position: President Party B: SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD. Add: Building A2, Luoshan Industrial Zone, Shanxia, Pinghu, Shenzhen, Guangdong, China Tel: 26300469 Fax: 89686819 Legal] [The Maximum Amount Guarantee Contract Contract No.: 201112080012-1 Party A st Add: 1 Tel: 23480048 Fax: 23480054 Head: Nannan Fu Position: President Party B : Type of certificate Shenzhen Highpower CO., LTD In order to perform the contract (hereinafter referred to as the principal contract) between Party A and Article 1 201112080012-1 RMB ONE HUNDRED MILLION ONLY (RMB 100,000,000.00) Under] [The Maximum Amount Guarantee Contract Contract No.: 20111208001-2 Party A: Shenzhen Development Bank Co., Ltd. Shenzhen Xinzhou Sub-Branch st Add: 1 Tel: 23480048 Fax: 23480054 Head: Nannan Fu Position: President Party B (guarantor): Springpower Technology (Shenzhen) Co., Ltd Add: Building A2, Luoshan Industrial Zone, Shanxia, Pinghu, Shenzhen, Guangdong, China Tel: 89686236 Fax: 89686819 Legal Representative: Dangyu Pan Zip code: 518111] [Consent of Independent Registered Public Accounting Firm Permitting Highpower International, Inc. to Use and Attach our Audit Report in any filings required by the SEC We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (File No. 333-157443) and the Registration Statement on Form S-3 (File No. 333-168473) of Highpower International, Inc. of our report]
[TABLE OF CONTENTS HIGHPOWER INTERNATIONAL, INC. TABLE OF CONTENTS TO ANNUAL REPORT ON FORM 10-K For the Fiscal Year Ended December 31, 2011 PART I ITEM 1. BUSINESS 1 ITEM 1A. RISK FACTORS 12 ITEM 1B. UNRESOLVED STAFF COMMENTS 31 ITEM 2. PROPERTIES 31 ITEM 3. LEGAL PROCEEDINGS 32 ITEM 4. MINE SAFETY DISCLOSURES 32 PART II 33 ITEM 5.] [Comprehensive line of credit contract Contract No: shenfaxinzhou20111208001 Party A: SHENZHEN DEVELOPMENT BANK CO., LTD. Shenzhen Xinzhou Sub-branch Add: Zhongchengtianyi Building, Xinzhou Road, Futian District, Shenzhen, Guangdong, China Tel: 23480048 Fax: 23480054 Head: Nannan Fu Position: President Party B: SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD. Add: Building A2, Luoshan Industrial Zone, Shanxia, Pinghu, Shenzhen, Guangdong, China Tel: 26300469 Fax: 89686819 Legal] [The Maximum Amount Guarantee Contract Contract No.: 201112080012-1 Party A st Add: 1 Tel: 23480048 Fax: 23480054 Head: Nannan Fu Position: President Party B : Type of certificate Shenzhen Highpower CO., LTD In order to perform the contract (hereinafter referred to as the principal contract) between Party A and Article 1 201112080012-1 RMB ONE HUNDRED MILLION ONLY (RMB 100,000,000.00) Under] [The Maximum Amount Guarantee Contract Contract No.: 20111208001-2 Party A: Shenzhen Development Bank Co., Ltd. Shenzhen Xinzhou Sub-Branch st Add: 1 Tel: 23480048 Fax: 23480054 Head: Nannan Fu Position: President Party B (guarantor): Springpower Technology (Shenzhen) Co., Ltd Add: Building A2, Luoshan Industrial Zone, Shanxia, Pinghu, Shenzhen, Guangdong, China Tel: 89686236 Fax: 89686819 Legal Representative: Dangyu Pan Zip code: 518111] [Consent of Independent Registered Public Accounting Firm Permitting Highpower International, Inc. to Use and Attach our Audit Report in any filings required by the SEC We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (File No. 333-157443) and the Registration Statement on Form S-3 (File No. 333-168473) of Highpower International, Inc. of our report]
[Highpower International, Inc. Reports Fourth Quarter and Full Year 2011 Financial Results New York, USA & Shenzhen, China – March 26, 2012 – Highpower International, Inc. (NasdaqGM: HPJ) , a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and Fiscal Year 2011 Highlights · Net sales of $110.6 million for fiscal year 2011, an increase of 6% over fiscal year] []
