SEC Company Response from CBAK Energy Technology, Inc. (CBAT) (CIK 0001117171) (CBAT) — Jul 21, 2005
CBAK Energy Technology, Inc. (CBAT) (CIK 0001117171)
Date: July 21, 2005 · CIK: 0001117171 · Accession: 0001010549-05-000513
AI Filing Summary & Sentiment
Referenced dates: February 14, 2005
Letter
July 21, 2005 United States Securities and Exchange Commission 450 Fifth Street, NW Washington, D.C. 20549 Attn: Meagan Caldwell, Staff Accountant
Re: Supplemental Response to the Staff's Verbal Inquiry Concerning Comment 35 of the Staff's Letter of Comment Dated February 14, 2005 (the "Letter of Comments")
Dear Ms. Caldwell:
We are writing to you on behalf of China BAK Battery, Inc. f.k.a. Medina Coffee, Inc. (the "Company") for the purpose of providing the Staff the Company's response to the Staff's additional query related to the matters referenced in Comment 35 of the Letter of Comments. The Company supplementally provides herewith information related to the restructuring transaction involving Shenzhen BAK Battery Co., Ltd., organized under the laws of the People's Republic of China ("Shenzhen BAK"), and BAK International, Ltd., organized under the laws of Hong Kong ("BAK Hong Kong"), that was deemed effective as of November 6, 2004 (the "Reorganization"). In connection therewith, the Staff is advised as follows:
I. Ownership of Shenzhen BAK prior to the Reorganization.
Below please find a table listing the shareholders of Shenzhen BAK immediately prior to the Reorganization and their respective percentage ownership interest in the Company.
Shenzhen BAK Original Shareholders List ----------------------------------------------------------------- No. Shareholders Name Percent ----------------- ------------------------- --------------------- 1 Li xiangqian 68.0000% ----------------- ------------------------- --------------------- 2 Zhou baicheng 0.2500% ----------------- ------------------------- --------------------- 3 Wang jinghui 12.0000% ----------------- ------------------------- --------------------- 4 Li yunfei 4.5000% ----------------- ------------------------- --------------------- 5 Han yongbin 1.5000% ----------------- ------------------------- --------------------- 6 Li jimin 1.1000% ----------------- ------------------------- ---------------------
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United States Securities and Exchange Commission July 21, 2005 Page 2
----------------- ------------------------- --------------------- 7 Zhang shuquan 1.0000% ----------------- ------------------------- --------------------- 8 Zou yanlong 0.4000% ----------------- ------------------------- --------------------- 9 Huang jiajun 0.4000% ----------------- ------------------------- --------------------- 10 Yang xinrong 0.2500% ----------------- ------------------------- --------------------- 11 Li fenghua 8.0000% ----------------- ------------------------- --------------------- 12 Li shumin 1.0000% ----------------- ------------------------- --------------------- 13 Zhao guanghai 0.7500% ----------------- ------------------------- --------------------- 14 Zhu qiuju 0.3500% ----------------- ------------------------- --------------------- 15 Dai yu 0.2500% ----------------- ------------------------- --------------------- 16 Zhang qun 0.2500% ----------------- ------------------------- --------------------- Total 100.0000% ------------------------------------------- ---------------------
II. Ownership of BAK Hong Kong immediately prior to the Reorganization.
Below please find a table listing the shareholders of BAK Hong Kong immediately prior to the Reorganization and their respective ownership interests.
----------------- ------------------------- --------------------- -------------- No. Shareholders Name Shares Percent ----------------- ------------------------- --------------------- -------------- 1 Li xiangqian 21,233,437 68% ----------------- ------------------------- --------------------- -------------- 2 Zhou baicheng 9,992,205 32% ----------------- ------------------------- --------------------- -------------- Total 31,225,642 100% ------------------------------------------- --------------------- --------------
III. Shareholders of BAK Hong Kong immediately following the Reorganization.
Below please find a table listing the shareholders of BAK Hong Kong immediately following the Reorganization. The table also includes the number of shares held by and the respective ownership percentage of the listed individuals. The Staff is advised that except for an approximately 3.4% variance in ownership interests, the ownership of BAK Hong Kong upon the consummation of the Reorganization is identical to that of Shenzhen BAK immediately prior to the Reorganization.
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United States Securities and Exchange Commission July 21, 2005 Page 3
BAK Hong Kong Shareholders List ----------------- ------------------------- --------------------- -------------- No. Shareholders Name Shares Percent ----------------- ------------------------- --------------------- -------------- 1 Li xiangqian 21,233,437 68.0000% ----------------- ------------------------- --------------------- -------------- 2 Li fenghua 2,498,051 8.0000% ----------------- ------------------------- --------------------- -------------- 3 Li yunfei 1,405,154 4.5000% ----------------- ------------------------- --------------------- -------------- 4 Li jimin 343,482 1.1000% ----------------- ------------------------- --------------------- -------------- 5 Zou yanlong 124,903 0.4000% ----------------- ------------------------- --------------------- -------------- 6 Li shumin 312,256 1.0000% ----------------- ------------------------- --------------------- -------------- 7 Huang jiajun 124,903 0.4000% ----------------- ------------------------- --------------------- -------------- 8 Zhou baicheng 124,903 0.4000% ----------------- ------------------------- --------------------- -------------- 9 Wang jinghui 3,600,036 11.5291% ----------------- ------------------------- --------------------- -------------- 10 Han yongbin 312,256 1.0000% ----------------- ------------------------- --------------------- -------------- 11 Zhang shuquan 132,709 0.4250% ----------------- ------------------------- --------------------- -------------- 12 Zhang xuechun 379,673 1.2159% ----------------- ------------------------- --------------------- -------------- 13 Mao huanyu 249,805 0.8000% ----------------- ------------------------- --------------------- -------------- 14 Wang xiaohui 224,825 0.7200% ----------------- ------------------------- --------------------- -------------- 15 Zhang yuxin 74,942 0.2400% ----------------- ------------------------- --------------------- -------------- 16 Li feng 67,135 0.2150% ----------------- ------------------------- --------------------- -------------- 17 Shao ge 9,368 0.0300% ----------------- ------------------------- --------------------- -------------- 18 Lin yunqing 7,806 0.0250% ----------------- ------------------------- --------------------- -------------- Total 31,225,642 100.0000% ------------------------------------------- --------------------- --------------
IV. Shareholder list for Medina Coffee, Inc. immediately prior to the consummation of the stock exchange transaction between Medina Coffee, Inc. and BAK Hong Kong on January 20, 2005.
Attached as Exhibit A hereto, please find a shareholders list for Medina Coffee, Inc. dated January 19, 2005 detailing all shareholders of record immediately preceding the closing of the stock exchange transaction between Medina Coffee, Inc. and BAK Hong Kong.
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United States Securities and Exchange Commission July 21, 2005 Page 4
V. Ownership of Medina Coffee, Inc. immediately subsequent to the consummation of the stock exchange transaction between Medina Coffee, Inc. and BAK Hong Kong on January 20, 2005.
Attached as Exhibit B hereto, please find a shareholders list for Medina Coffee, Inc. dated January 21, 2005 detailing all shareholders of record immediately following the closing of the stock exchange transaction between Medina Coffee, Inc. and BAK Hong Kong.
Please do not hesitate to contact the undersigned with any additional comments or questions the Staff may have regarding the matters addressed above.
The Staff's continued cooperation in this matter is greatly appreciated.
Very truly yours,
/s/ George L. Diamond
Show Raw Text
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<TEXT>
George L. Diamond
(214) 953-6119 (Direct Dial)
(214) 661-6618 (Direct Fax)
gdiamond@jw.com
July 21, 2005
United States Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549
Attn: Meagan Caldwell, Staff Accountant
Re: Supplemental Response to the Staff's Verbal Inquiry Concerning
Comment 35 of the Staff's Letter of Comment Dated February 14,
2005 (the "Letter of Comments")
Dear Ms. Caldwell:
We are writing to you on behalf of China BAK Battery, Inc. f.k.a.
Medina Coffee, Inc. (the "Company") for the purpose of providing the Staff the
Company's response to the Staff's additional query related to the matters
referenced in Comment 35 of the Letter of Comments. The Company supplementally
provides herewith information related to the restructuring transaction involving
Shenzhen BAK Battery Co., Ltd., organized under the laws of the People's
Republic of China ("Shenzhen BAK"), and BAK International, Ltd., organized under
the laws of Hong Kong ("BAK Hong Kong"), that was deemed effective as of
November 6, 2004 (the "Reorganization"). In connection therewith, the Staff is
advised as follows:
I. Ownership of Shenzhen BAK prior to the Reorganization.
Below please find a table listing the shareholders of Shenzhen BAK
immediately prior to the Reorganization and their respective percentage
ownership interest in the Company.
Shenzhen BAK Original Shareholders List
-----------------------------------------------------------------
No. Shareholders Name Percent
----------------- ------------------------- ---------------------
1 Li xiangqian 68.0000%
----------------- ------------------------- ---------------------
2 Zhou baicheng 0.2500%
----------------- ------------------------- ---------------------
3 Wang jinghui 12.0000%
----------------- ------------------------- ---------------------
4 Li yunfei 4.5000%
----------------- ------------------------- ---------------------
5 Han yongbin 1.5000%
----------------- ------------------------- ---------------------
6 Li jimin 1.1000%
----------------- ------------------------- ---------------------
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United States Securities and Exchange Commission
July 21, 2005
Page 2
----------------- ------------------------- ---------------------
7 Zhang shuquan 1.0000%
----------------- ------------------------- ---------------------
8 Zou yanlong 0.4000%
----------------- ------------------------- ---------------------
9 Huang jiajun 0.4000%
----------------- ------------------------- ---------------------
10 Yang xinrong 0.2500%
----------------- ------------------------- ---------------------
11 Li fenghua 8.0000%
----------------- ------------------------- ---------------------
12 Li shumin 1.0000%
----------------- ------------------------- ---------------------
13 Zhao guanghai 0.7500%
----------------- ------------------------- ---------------------
14 Zhu qiuju 0.3500%
----------------- ------------------------- ---------------------
15 Dai yu 0.2500%
----------------- ------------------------- ---------------------
16 Zhang qun 0.2500%
----------------- ------------------------- ---------------------
Total 100.0000%
------------------------------------------- ---------------------
II. Ownership of BAK Hong Kong immediately prior to the Reorganization.
Below please find a table listing the shareholders of BAK Hong Kong
immediately prior to the Reorganization and their respective ownership
interests.
----------------- ------------------------- --------------------- --------------
No. Shareholders Name Shares Percent
----------------- ------------------------- --------------------- --------------
1 Li xiangqian 21,233,437 68%
----------------- ------------------------- --------------------- --------------
2 Zhou baicheng 9,992,205 32%
----------------- ------------------------- --------------------- --------------
Total 31,225,642 100%
------------------------------------------- --------------------- --------------
III. Shareholders of BAK Hong Kong immediately following the Reorganization.
Below please find a table listing the shareholders of BAK Hong Kong
immediately following the Reorganization. The table also includes the
number of shares held by and the respective ownership percentage of the
listed individuals. The Staff is advised that except for an
approximately 3.4% variance in ownership interests, the ownership of
BAK Hong Kong upon the consummation of the Reorganization is identical
to that of Shenzhen BAK immediately prior to the Reorganization.
<PAGE>
United States Securities and Exchange Commission
July 21, 2005
Page 3
BAK Hong Kong Shareholders List
----------------- ------------------------- --------------------- --------------
No. Shareholders Name Shares Percent
----------------- ------------------------- --------------------- --------------
1 Li xiangqian 21,233,437 68.0000%
----------------- ------------------------- --------------------- --------------
2 Li fenghua 2,498,051 8.0000%
----------------- ------------------------- --------------------- --------------
3 Li yunfei 1,405,154 4.5000%
----------------- ------------------------- --------------------- --------------
4 Li jimin 343,482 1.1000%
----------------- ------------------------- --------------------- --------------
5 Zou yanlong 124,903 0.4000%
----------------- ------------------------- --------------------- --------------
6 Li shumin 312,256 1.0000%
----------------- ------------------------- --------------------- --------------
7 Huang jiajun 124,903 0.4000%
----------------- ------------------------- --------------------- --------------
8 Zhou baicheng 124,903 0.4000%
----------------- ------------------------- --------------------- --------------
9 Wang jinghui 3,600,036 11.5291%
----------------- ------------------------- --------------------- --------------
10 Han yongbin 312,256 1.0000%
----------------- ------------------------- --------------------- --------------
11 Zhang shuquan 132,709 0.4250%
----------------- ------------------------- --------------------- --------------
12 Zhang xuechun 379,673 1.2159%
----------------- ------------------------- --------------------- --------------
13 Mao huanyu 249,805 0.8000%
----------------- ------------------------- --------------------- --------------
14 Wang xiaohui 224,825 0.7200%
----------------- ------------------------- --------------------- --------------
15 Zhang yuxin 74,942 0.2400%
----------------- ------------------------- --------------------- --------------
16 Li feng 67,135 0.2150%
----------------- ------------------------- --------------------- --------------
17 Shao ge 9,368 0.0300%
----------------- ------------------------- --------------------- --------------
18 Lin yunqing 7,806 0.0250%
----------------- ------------------------- --------------------- --------------
Total 31,225,642 100.0000%
------------------------------------------- --------------------- --------------
IV. Shareholder list for Medina Coffee, Inc. immediately prior to the
consummation of the stock exchange transaction between Medina Coffee,
Inc. and BAK Hong Kong on January 20, 2005.
Attached as Exhibit A hereto, please find a shareholders list for
Medina Coffee, Inc. dated January 19, 2005 detailing all shareholders
of record immediately preceding the closing of the stock exchange
transaction between Medina Coffee, Inc. and BAK Hong Kong.
<PAGE>
United States Securities and Exchange Commission
July 21, 2005
Page 4
V. Ownership of Medina Coffee, Inc. immediately subsequent to the
consummation of the stock exchange transaction between Medina Coffee,
Inc. and BAK Hong Kong on January 20, 2005.
Attached as Exhibit B hereto, please find a shareholders list for
Medina Coffee, Inc. dated January 21, 2005 detailing all shareholders
of record immediately following the closing of the stock exchange
transaction between Medina Coffee, Inc. and BAK Hong Kong.
Please do not hesitate to contact the undersigned with any additional
comments or questions the Staff may have regarding the matters addressed above.
The Staff's continued cooperation in this matter is greatly
appreciated.
Very truly yours,
/s/ George L. Diamond
George L. Diamond
GLD:aj
cc. Yongbin Han
Gerry Goldberg
Nick Bottini
Matt McMurphy
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<TABLE>
<CAPTION>
EXHIBIT A
Shareholder Listing for Cutoff Date of 1/19/2005
ACCOUNT
NUMBER SHAREHOLDER NAME ADDRESS 1 ADDRESS 2 CITY STATE ZIP CODE SHARES
<S> <C> <C> <C> <C> <C> <C> <C>
1001 DIANE E. BORDER 11400 NE 132ND ST. #T-106 KIRKLAND WA 98034 1000
1002 MARSHALL BRUMER 16583 SE 48TH COURT BELLEVUE WA 98006 1000
1003 CEDE & CO PO BOX 20 BOWLING GREEN STATION NEW YORK NY 10004 36500
1004 SUREYYA M CILIV 406 DETWILLER LANE BELLEVUE WA 98004 1000
1008 KAREN FELSTEIN 16223 SE 45TH ST. ISSAQUAH WA 98027 1000
1009 HALTER FINANCIAL GROUP, INC. 2591 DALLAS PARKWAY STE. 102 FRISCO TX 75034 587754
1010 ROBIN HODGSON 14012 SE 45TH COURT BELLEVUE WA 98006 1000
1011 CERI HOWES 12438 SE 25TH PLACE BELLEVUE WA 98005 500
1012 RICK HOWES 12438 SE 25TH PLACE BELLEVUE WA 98005 1000
1013 THOMAS HOWES 12438 SE. 25TH PLACE BELLEVUE WA 98005 500
1014 GEORGE KANALOS 16436 SE. 149TH ST. RENTON WA 98059 1000
1020 HARRY MILLER 401 DETWILLER LANE BELLEVUE WA 98004 414204
1022 DON NATAROS 42734 SE 168TH PLACE N BEND WA 98045 2000
1023 DEBRA PETERSON 12260 CHAMPIONSHIP CIR MUKILTEO WA 98275 1000
1025 LAUREN PAGE RIKER 21808 SE 28TH ST. SAMMAMISH WA 98075 1000
1026 PATRICIA SAFERITE 255 NORTH FOREST ST. #506 BELLINGHAM WA 98225 1000
1031 LISA L WOOLVERTON 10509 NE 187TH STREET BOTHELL WA 98001 1000
1034 KEVIN HALTER JR 22 STONEBRIAR WAY FRISCO TX 75034 100000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT B
Shareholder Listing for Cutoff Date of 1/21/2005
ACCOUNT
NUMBER SHAREHOLDER ADDRESS CITY STATE ZIP CODE SHARES
<S> <C> <C> <C> <C> <C> <C>
1001 DIANE E. BORDER 11400 NE 132ND ST.
#T-106 KIRKLAND WA 98034 1000
1002 MARSHALL BRUMER 16583 SE 48TH COURT BELLEVUE WA 98006 1000
1003 CEDE & CO PO BOX 20
BOWLING GREEN STATION NEW YORK NY 10004 38500
1004 SUREYYA M CILIV 406 DETWILLER LANE BELLEVUE WA 98004 1000
1008 KAREN FELSTEIN 16223 SE 45TH ST. ISSAQUAH WA 98027 1000
1009 HALTER FINANCIAL GROUP, 2591 DALLAS PARKWAY
INC. STE. 102 FRISCO TX 75034 87754
1010 ROBIN HODGSON 14012 SE 45TH COURT BELLEVUE WA 98006 1000
1011 CERI HOWES 12438 SE 25TH PLACE BELLEVUE WA 98005 500
1012 RICK HOWES 12438 SE 25TH PLACE BELLEVUE WA 98005 1000
1013 THOMAS HOWES 12438 SE. 25TH PLACE BELLEVUE WA 98005 500
1020 HARRY MILLER 401 DETWILLER LANE BELLEVUE WA 98004