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Exhibit 99.2

Summary of Loan Agreement Entered into by and between Shenzhen BAK 
Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch, Agricultural

Bank of China (the Creditor) dated December 22, 2010

Main contents

| | Contract number: 81010120100000600;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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| | Loan principal: RMB 75 million;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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| | Loan term: from December 22, 2010 to December 21, 2011;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
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| | Floating interest rate: Interest rate of loan shall be 95% of the benchmark rate announced by the Peoples Bank of China, and be adjusted every 3 months;                                                                                                                                                                                                                                                                                                                                                                                                                                            
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| | Purpose of the loan is to repay loans for the Company;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
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| | Advanced repayment of loan needs to be approved by the Creditor;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | Breach of contract penalties: correct the breach of contract in time limit; suspension of loan unprovided; release loan agreement, demand prepayment of loan principal and interest before maturity; imposition of punitive interest
incurred due to delayed loan; imposition of punitive interest for embezzlement of loan; imposition of plural interest for unpaid interest; withdraw from any accounts of the Company the loan principal, interest and other fees; compensation for the
Creditors expenses incurred due to demanding the loan principal and interest in case of litigation, etc.

Headlines of the articles omitted:

- Loan arrangement
- Interest clearing of the loan
- Payment of the loan
- Rights and obligation of the Creditor
- Rights and obligations of the Company
- Interest penalty of loan
- Guarantee of the loan agreement
- Disputation settlement
- Validity
- Text
- Notification

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