EXHIBIT 10.10


Summary of Comprehensive  Credit  Facilities  Agreement of Maximum Amount by and
between  Shenzhen BAK Battery Co., Ltd. (the  "Company") and Longgang  Division,
Shenzhen Branch, Agricultural Bank of China ("Agricultural Bank of China") dated
as of April 5, 2004.

         The contract  number for this  agreement is Shenzhen  Longgang  Nongyin
Shouzi No.  200402370001.  The contract  term is April 5, 2004 to April 5, 2005,
and the amount of credit to be  extended  by  Agricultural  Bank of China is RMB
200,000,000  Yuan.  Remedies  in the  event of breach of  contract  include  the
adjustment of the credit  amount,  the  suspension of credit,  the imposition of
punitive interest and overdue interest, an increase of guarantee deposit and the
call back of principal and interest before maturity. The agreement also provides
that the Company cannot make a distribution to its shareholders  before the loan
is paid in full.  It also provides that the Company must grant a mortgage to the
Agricultural  Bank of China  upon  obtaining  a  certificate  of  title  for Bak
Industrial Park.