China BAK Announces Management Changes

SHENZHEN, China, Nov. 30, 2010 /PRNewswire-Asia/ -- China BAK Battery, Inc. ("China BAK", the "Company", or "we") (Nasdaq: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that on September 30, 2010, Mr. Jun Zou, the Company's Chief Financial Officer ("CFO") formally notified the Company of his decision to resign from such office for personal reasons. On November 29, 2010, the Board of Directors of the Company resolved to approve Mr. Zou's resignation and appointed Mr. Marcus Cui as the Company's interim CFO. Mr. Zou's resignation and Mr. Cui's appointment will be effective as of December 10, 2010.

Until a replacement is named, all accounting and finance functions will report directly to the Company's interim CFO, Mr. Cui, who is also the Company's director of investor relations since September 2010. The Company has immediately begun a search for a suitable replacement for Mr. Zou.

"I have enjoyed working with China BAK and it has been a rewarding experience, both professionally and personally. I wish success for China BAK in the future," said Mr. Zou.

"During Mr. Zou's tenure, China BAK implemented a turnaround strategy which is gaining strength and we will continue to deliver progressive improvement in our operations. In addition, he was instrumental in strengthening our financial systems and processes and enhancing our communication with the investment community and financial media. We thank him for all his contributions and wish him the best of luck in his future endeavors," said Mr. Xiangqian Li, China BAK's Chairman and Chief Executive Officer. "Mr. Cui has served as the finance director of our indirectly wholly-owned subsidiary BAK International (Tianjin) Ltd. since December 2009 and we have every confidence in his ability to lead our finance team during this transition period."

About China BAK Battery Inc.

China BAK Battery, Inc. (Nasdaq: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers and portable consumer electronics such as digital media devices, portable media players, portable audio players, portable gaming devices, and PDAs. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet and have been recently expanded to support the production of larger batteries for various types of vehicles. For more information regarding China BAK Battery, Inc., please visit

Safe Harbor Statement

This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of China BAK Battery, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to: risks related to China BAK's business and risks related to operating in China. Please refer to China BAK's Annual Report on Form 10-K for the fiscal year ended September 30, 2010, as well as China BAK's Quarterly Reports on Form 10-Q that have been filed since the date of such annual report, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. China BAK's actual results could differ materially from those contained in the forward-looking statements. China BAK undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

For more information, please contact:

Mr. Jun Zou

China BAK Battery, Inc.

Chief Financial Officer

Tel: + 86 ( 755 ) 8977-0 598


Mr. Marcus Cui

China BAK Battery, Inc.

Investor Relations Offic er

Tel: + 86 ( 755 ) 8977-0093


Ms. Elaine Ketchmere

CCG Investor Relations


Tel : +1-310-954-1345  


SOURCE China BAK Battery, Inc.

For further information: Mr. Jun Zou, Chief Financial Officer, +86-755-8977-0598,; or Mr. Marcus Cui, Investor Relations Officer, +86-755-8977-0093,, both for China BAK Battery, Inc.; or Ms. Elaine Ketchmere, +1-310-954-1345,, for CCG Investor Relations.