EXHIBIT 10.14


Summary of Comprehensive Credit Facilities Agreement by and between Shenzhen BAK
Battery Co., Ltd. (the "Company") and Longgang Division,  Shenzhen Branch, China
Minsheng Bank ("China Minsheng Bank") dated as of January 14, 2004.

         The  contract  number  for this  agreement  is Year 2003 Shen  Longgang
Zong'e Zi NO.010. The contract term is January 14, 2004 to January 14, 2005, and
the amount of credit to be extended  by China  Minsheng  Bank is RMB  30,000,000
Yuan.  Under the agreement  China  Minsheng Bank is entitled to adjust or cancel
the credit and demand  immediate  payment of the loan if the Company's  business
operations  deteriorate  severely,  the Company  loses its business  reputation,
there is a dispute  between the Company and third party  creditors or there is a
major adjustment of the state monetary policy.