On August 8, 2012, Ke Marcus Cui, Chief Financial Officer, Treasurer and Secretary of China BAK Battery, Inc. to resign from such offices for personal reasons, with immediate effect. The company intends to appoint a new Chief Financial Officer, Treasurer and Secretary as soon as practicable. During the interim period, Xiangqian Li, the President, Chairman and Chief Executive Officer of the company, will serve as principal executive officer, principal financial officer and principal accounting officer of the company.