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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-K/A(Amendment No. 1)

(Mark One)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: September 30, 2014

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to _____________

Commission File No. 001-32898

CHINA BAK BATTERY, INC.(Exact Name of Registrant as Specified in Its Charter)

|Nevada                                                             | 88-0442833                          
|------------------------------------------------------------------ | ------------------------------------
|(State or Other Jurisdiction of Incorporation
    or Organization) | (I.R.S. Employer Identification No.)

BAK Industrial Park, Meigui Street Huayuankou Economic
Zone Dalian, China, 116422 Peoples Republic of China(Address of Principal Executive Offices)

(86)(411)6251-0619(Registrants telephone
number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

|Title of each class                      | Name of each exchange on which
      registered             
|---------------------------------------- | ------------------------------------------------------------
|Common Stock, par value $0.001 per share | The NASDAQ Stock Market LLC (The NASDAQ
      Global Market)

Securities registered pursuant to Section 12(g) of the Exchange
Act: None

Indicate by check mark if the registrant is a well-known
seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes [   ]    No [X]

Indicate by check mark if the registrant is not required to
file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes [   ]    No [X]

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

Yes [X]    No [   ]

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files)

Yes [X]    No [   ]

Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrants knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. [X]

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of large accelerated filer,
accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act.

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|Large Accelerated Filer [   ]                                                   | Accelerated Filer [   ]      
|------------------------------------------------------------------------------- | -----------------------------
|Non-Accelerated Filer [   ] (Do not check if a smaller
      reporting company) | Smaller reporting company [X]

Indicate by check mark whether registrant is a shell company
(as defined in Rule 12b-2 of the Act) Yes [   ]    No [X]

As of March 31, 2014 (the last business day of the registrants
most recently completed second fiscal quarter), the aggregate market value of
the shares of the registrants common stock held by non-affiliates (based upon
the closing sale price of such shares as reported on The NASDAQ Global Market)
was approximately $26.1 million. Shares of the registrants common stock held by
each executive officer and director and by each person who owns 10% or more of
the outstanding common stock have been excluded from the calculation in that
such persons may be deemed to be affiliates of the registrant. This
determination of affiliate status is not necessarily a conclusive determination
for other purposes.

There were a total of 12,619,597 shares of the registrants
common stock outstanding as of January 9, 2014.

DOCUMENTS INCORPORATED BY REFERENCE

None.

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|CHINA BAK BATTERY, INC.         
|--------------------------------
|                                
|Annual Report
      on Form 10-K

TABLE OF CONTENTS

|EXPLANATORY
      NOTE | 1             
|---------------------- | --------------
|PART
      III         | 2             
|                       | ITEM
      10.
|                       | ITEM
      11.
|                       | ITEM
      12.
|                       | ITEM
      13.
|                       | ITEM
      14.
|PART
      IV          | 13            
|                       | ITEM
      15.

i

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EXPLANATORY NOTE

This Amendment No.1 on Form 10-K/A (this Amendment) amends the Annual Report on Form 10-K of China BAK Battery, Inc.
(the Company) for the year ended September 30, 2014, as filed with the
Securities and Exchange Commission on January 13, 2015 (the Original Form
10-K). This Amendment is being filed solely for the purpose of disclosing
information required in Part III of the Original Form 10-K that the Company will
not be incorporating by reference to a definitive proxy statement by the
required deadline. No other parts or disclosures from the Original Form 10-K are
included in this Amendment other than Part III and Part IV below, and except as
required to reflect the matters set forth in such included disclosure, this
Amendment does not reflect events or developments that have occurred after the
date of the Original Form 10-K and does not modify or update disclosures
presented in the Original Form 10-K in any way.

Among other things, forward-looking statements made in the
Original Form 10-K have not been revised to reflect events, results, or
developments that have occurred or facts that have become known to us after the
date of the Original Form 10-K (other than as discussed above), and such
forward-looking statements should be read in their historical context.
Accordingly, this Amendment should be read in conjunction with our filings made
with the Securities and Exchange Commission subsequent to the filing of the
Original Form 10-K.

1

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PART III

|ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE
      GOVERNANCE.
|-------- | -------------------------------------------------------------

Directors and Executive Officers

The following sets forth the name and position of each of our
current executive officers and directors.

|NAME           | AGE | POSITION                                               
|-------------- | --- | -------------------------------------------------------
|Xiangqian Li   | 46  | Chairman of the Board and Chief
      Executive Officer
|Chunzhi Zhang  | 52  | Director                                               
|Martha C. Agee | 59  | Director                                               
|Jianjun He     | 42  | Director                                               
|Guosheng Wang  | 42  | Director                                               
|Jian Lin       | 37  | Interim Chief Technology Officer                       
|Wenwu Wang     | 33  | Interim Chief Financial Officer                        

Xiangqian Lihas served as the Chairman of our
Board, our President and Chief Executive Officer since January 20, 2005. He has
been a director of BAK International, our former Hong Kong subsidiary since
November 2004. Mr. Li is the founder and served as the Chairman of the Board of
Shenzhen BAK, our former wholly owned subsidiary, since its inception in August
2001, and served as Shenzhen BAKs General Manager from December 2003 to July
2013. Pursuant to a memorandum of understanding with the buyer of our disposed
former subsidiaries dated August 20, 2014, Mr. Li remains as a director of BAK
International, Shenzhen BAK, BAK Battery and BAK International until Shenzhen
BAKs full settlement of its existing bank loans of $63.1 million maturing in
various periods through March 2015. During this period, Mr. Li should not
participate in any operational and managerial decision making of these entities.
From June 2001 to June 2003, Mr. Li was the chairman of Huaran Technology Co.,
Ltd., a PRC-incorporated company engaged in the car audio business. Mr. Li
received a bachelors degree in thermal energy and power engineering from the
Lanzhou Railway Institute, China and a doctorate degree in quantitative
economics from Jilin University in China.

Chunzhi Zhanghas served as our director since
June 25, 2007. Since mid-2005, Mr. Zhang has served as General Manager of
AASTOCKS.com, Ltd., Shenzhen Branch, a software integration and one-stop system
solutions provider for financial markets in China. From 2003 through mid-2005,
Mr. Zhang served as General Manager of Shenzhen Sharemax Management Co., Ltd,
where he was involved in both private equity business and asset management. From
1998 through 2003, Mr. Zhang served as General Manager of Haixing Security
Brokerage Co., Ltd, Shenzhen Branch, involved in securities trading and asset
management. Prior to joining Haixing Security Brokerage, from 1985 to 1996, Mr.
Zhang served as senior management in Hong Kong for China Resources Holding Co.,
Ltd., a China central government-owned enterprise. Mr. Zhang received his
bachelor degree in Economy from Jilin University in 1985 and MBA degree from
University of Wales in the United Kingdom. Mr. Zhang is also a distinguished
finance lecturer at the Graduate School in Shenzhen of Tsinghua University.

Martha C. Ageehas served as our director since
November 15, 2012 and Chair of the Audit Committee since August 6, 2013. Since
1997, Ms. Agee has been a senior lecturer of business law at Hankamer School of
Business of Baylor University where she teaches courses in the Legal Environment
of Business, International Business Law, and Healthcare Law & Ethics for
graduate and undergraduate students. Prior to that, Ms. Agee practiced law from
1988 to 1996. Ms. Agee obtained her bachelors degree in Accounting in 1976 and
Juris Doctorate degree in 1988 from Baylor University.

Jianjun Hehas served as our director since
November 4, 2013. Mr. He has more than 15-year experience in accounting and
finance and is an associate member of the Chinese Institute of Certificate
Public Accounts. Mr. He has been the Managing Director of Jilin Cybernaut Lvke
Investment and Management Co., Ltd., an investment consulting firm in China,
since January 1, 2013. From June 30, 2009 to December 31, 2012, Mr. He served as
the Chief Financial Officer of THT Heat Transfer Technology, Inc. (Nasdaq: THTI)
(THT Heat), a provider of heat exchangers and heat exchange solutions in
China. Mr. He was the Chief Financial Officer of Siping City Juyuan Hanyang
Plate Heat Exchanger Co. Ltd, a wholly owned subsidiary of THT Heat from 2007 to
December 2012. From 1999 to 2007, Mr. He worked as senior financial officer in
Jilin Grain Group, a state-owned enterprise engaged in the grain processing and
trading business. Mr. He graduated from Changchun Taxation College in 1995 with
a Bachelors degree in Auditing and obtained a Masters degree from Jilin
University in 2005.

2

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Guosheng Wang has served as our director since
August 1, 2014. Since June 2014, Mr. Wang has been in charge of the construction
of facilities of the Companys subsidiary, Dalian BAK Power and the relocation
of assets and equipment of BAK Tianjin to Dalian BAK Power. Prior to that, Mr.
Wang served as vice president of operations of BAK Tianjin since May 2013, where
he was managing the Quality Department, Purchase Department, Equipment
Department and HR Department. From May 2010 to May 2013, Mr. Wang served as
manager of Equipment Department of BAK Tianjin. From March 2008 to May 2010, he
served as Director of No. 1 Manufacture Department of BAK Tianjin. Mr. Wang
began his career working as an engineer at Harbin Railway Transportation
Equipment Co., Ltd in 1994. Mr. Wang obtained his bachelors degree in
mechanical manufacturing engineering and equipment from Lanzhou Jiaotong
University in July 1994.

Jian Lin has served as our Interim Chief
Technical Officer since April 17, 2014. He served as Vice Director of R&D
Centre of Shenzhen BAK from March 2012 to April, 2014, where he was responsible
for the overall R&D activities of Shenzhen BAK. From October 2009 to
February 2012, he worked for Postdoctoral R&D Station of Shenzhen BAK, which
was co-established by Shenzhen BAK and Xiamen University, where he focused on
the research of high performance liquid electrolytes for Li-ion battery. From
August 2008 to September 2009, he worked as R&D scientist for U.S. Brady
(Beijing) R&D Center. Dr. Lin has extensive knowledge of lithium-ion battery
technologies and holds three patents relating to lithium-ion technology. Dr. Lin
received a doctorate degree in polymer science and engineering from Case Western
Reserve University, where he focused on novel lithium salts and polymer
electrolyte membranes/separators for lithium batteries.

Wenwu Wang has served as our Interim Chief
Financial Officer since August 28, 2014. He has served as the financial
controller of Dalian BAK Power since April 2014, and served as the vice
financial manager of Shenzhen BAK from August 2013 to June 2014. Mr. Wang has
been our consolidation and financial reporting manager since September 2012.
From November 2010 to September 2012, he served as the financial manager of BAK
India. From October 2008 to November 2010, Mr. Wang was account receivable
supervisor of Shenzhen BAK and consolidation and financial reporting assistant
of the Company. Mr. Wang received a bachelors degree in Accounting from
Southwest University in China.

There are no agreements or understandings for any of our
executive officers or director to resign at the request of another person and no
officer or director is acting on behalf of nor will any of them act at the
direction of any other person.

Directors are elected until their successors are duly elected
and qualified.

Director Qualifications

Directors are responsible for overseeing the Companys business
consistent with their fiduciary duty to shareholders. This significant
responsibility requires highly-skilled individuals with various qualities,
attributes and professional experience. The Board believes that there are
general requirements for service on the Companys Board of Directors that are
applicable to all directors and that there are other skills and experience that
should be represented on the Board as a whole but not necessarily by each
director. The Board and the Nominating and Corporate Governance Committee of the
Board consider the qualifications of directors and director candidates
individually and in the broader context of the Boards overall composition and
the Companys current and future needs.

Qualifications for All Directors

In identifying and evaluating nominees, the Nominating and
Corporate Governance Committee may consult with the other Board members,
management, consultants, and other individuals likely to possess an
understanding of the Companys business and knowledge of suitable candidates. In
making its recommendations, the Nominating and Corporate Governance Committee
assesses the requisite skills and qualifications of nominees and the composition
of the Board as a whole in the context of the Board's criteria and needs. In
evaluating the suitability of individual Board members, the Nominating and
Corporate Governance Committee may take into account many factors, including
general understanding of marketing, finance and other disciplines relevant to
the success of a publicly traded company in todays business environment;
understanding of the Companys business and technology; the international nature
of the Companys operations; educational and professional background; and
personal accomplishment. The Nominating and Corporate Governance Committee
evaluates each individual in the context of the Board as a whole, with the
objective of recommending a group that can best perpetuate the success of the
Companys business and represent stockholder interests through the exercise of
sound judgment, using its diversity of experience. The Nominating and Corporate
Governance Committee also ensures that a majority of nominees would be independent directors as
defined under the applicable rules of the SEC and The NASDAQ Stock Market
LLC.

3

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Qualifications, Attributes, Skills and Experience to be
Represented on the Board as a Whole

In its assessment of each potential candidate, including those
recommended by stockholders, the Nominating and Corporate Governance Committee
considers the nominees judgment, integrity, experience, independence,
understanding of the Companys business or other related industries and such
other factors the Nominating and Corporate Governance Committee determines are
pertinent in light of the current needs of the Board. The Nominating and
Corporate Governance Committee also takes into account the ability of a Director
to devote the time and effort necessary to fulfill his or her responsibilities
to the Company.

The Board and the Nominating and Corporate Governance Committee
require that each Director be a recognized person of high integrity with a
proven record of success in his or her field. Each Director must demonstrate
innovative thinking, familiarity with and respect for corporate governance
requirements and practices, an appreciation of multiple cultures and a
commitment to sustainability and to dealing responsibly with social issues. In
addition to the qualifications required of all Directors, the Board assesses
intangible qualities including the individuals ability to ask difficult
questions and, simultaneously, to work collegially.

The Board has identified particular qualifications, attributes,
skills and experience that are important to be represented on the Board as a
whole, in light of the Companys current needs and business priorities. The
Companys services are performed in various countries and in significant areas
of future growth located outside of the United States. Accordingly, the Board
believes that international experience or specific knowledge of key geographic
growth areas and diversity of professional experiences should be represented on
the Board. In addition, the Companys business is multifaceted and involves
complex financial transactions. Therefore, the Board believes that the Board
should include some Directors with a high level of financial literacy and some
Directors who possess relevant business experience as a Chief Executive Officer
or President. Our business involves complex technologies in a highly specialized
industry. Therefore, the Board believes that extensive knowledge of the
Companys business and industry should be represented on the Board.

The Board and the Nominating and Corporate Governance Committee
do not have a specific diversity policy, but consider diversity of race,
ethnicity, gender, age, cultural background and professional experiences in
evaluating candidates for Board membership. Diversity is important because a
variety of points of view contribute to a more effective decision-making
process.

Summary of Qualifications of Directors

Set forth below is a narrative disclosure that summarizes some
of the specific qualifications, attributes, skills and experiences of our
directors. For more detailed information, please refer to the biographical
information for each director set forth above.

Mr. Li, has extensive senior management experience in
the industry in which we operate, having served as our Chief Executive Officer
and Chairman since January 2005 and as the Chief Executive Officer or Chairman
of various other companies since 2001.

Mr. Zhang, Chair of the Compensation Committee, is
experienced in securities analysis and investment. Mr. Zhang has accumulated
this experience in managerial positions in firms in the securities industry
since 1998. Mr. Zhang received his bachelor degree in Economy from Jilin
University in 1985.

Ms. Agee, Chair of the Audit Committee, was previously
Certified Public Accountant, worked as Chief Accountant for political
sub-division for five and a half years and worked as Supervisor of Accounting
for large retail chain with the responsibilities included hiring, training, and
supervision of accounting staff; preparation and analysis of 17 monthly
financial statements and quarterly consolidated financial statements; budgeting,
and internal auditing.

Mr. He, Chair of the Nominating and Corporate Governance
Committee, has more than 15-year experience in accounting and finance and is an
associate member of the Chinese Institute of Certificate Public Accounts.

4

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Mr. Wang, has served with the Company since 2003 and
brings to the Board extensive experience in all aspects of our business and
industry and strong management and technical skills.

Family Relationships

There are no family relationships among our directors or
officers.

Involvement in Certain Legal Proceedings

To the best of our knowledge, none of our directors or
executive officers has, during the past ten years:

- been convicted in a criminal proceeding or been subject to a pending
  criminal proceeding (excluding traffic violations and other minor offences);
- had any bankruptcy petition filed by or against the business or property
  of the person, or of any partnership, corporation or business association of
  which he was a general partner or executive officer, either at the time of the
  bankruptcy filing or within two years prior to that time;
- been subject to any order, judgment, or decree, not subsequently reversed,
  suspended or vacated, of any court of competent jurisdiction or federal or
  state authority, permanently or temporarily enjoining, barring, suspending or
  otherwise limiting, his involvement in any type of business, securities,
  futures, commodities, investment, banking, savings and loan, or insurance
  activities, or to be associated with persons engaged in any such activity;
- been found by a court of competent jurisdiction in a civil action or by
  the Securities and Exchange Commission or the Commodity Futures Trading
  Commission to have violated a federal or state securities or commodities law,
  and the judgment has not been reversed, suspended, or vacated;
- been the subject of, or a party to, any federal or state judicial or
  administrative order, judgment, decree, or finding, not subsequently reversed,
  suspended or vacated (not including any settlement of a civil proceeding among
  private litigants), relating to an alleged violation of any federal or state
  securities or commodities law or regulation, any law or regulation respecting
  financial institutions or insurance companies including, but not limited to, a
  temporary or permanent injunction, order of disgorgement or restitution, civil
  money penalty or temporary or permanent cease-and-desist order, or removal or
  prohibition order, or any law or regulation prohibiting mail or wire fraud or
  fraud in connection with any business entity; or
- been the subject of, or a party to, any sanction or order, not
  subsequently reversed, suspended or vacated, of any self- regulatory
  organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C.
  78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the
  Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange,
  association, entity or organization that has disciplinary authority over its
  members or persons associated with a member.

Board Composition and Committees

Our board of directors is comprised of Xiangqian Li, Chunzhi
Zhang, Martha C. Agee, Jianjun He and Guosheng Wang.

Chunzhi Zhang, Martha Agee and Jianjun He each serves on our
board of directors as an independent director as defined by as defined by Rule
5605(a)(2) of the NASDAQ Listing Rules. Our board of directors has determined
that Martha Agee possesses the accounting or related financial management
experience that qualifies her as financially sophisticated within the meaning of
Rule 5605(c)(2)(A) of the NASDAQ Listing Rule and that she is an audit
committee financial expert as defined by the rules and regulations of the SEC.

Our board of directors currently has three standing committees
which perform various duties on behalf of and report to the board of directors:
(i) audit committee, (ii) compensation committee and (iii) nominating and
corporate governance committee. Each of the three standing committees is
comprised entirely of independent directors. From time to time, the board of
directors may establish other committees.

5

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Audit Committee

Our Audit Committee consists of three members: Martha C. Agee,
Chunzhi Zhang and Jianjun He. Pursuant to the determination of our Board of
Directors, Ms. Agee serves as the chair of the Audit Committee and as our Audit
Committee financial expert as that term is defined by the applicable SEC rules.
Each director who has served or is serving on our Audit Committee was or is
independent as that term is defined under the NASDAQ listing rules for Audit
Committee members at all times during their service on such Committee.

The Audit Committee oversees our accounting and financial
reporting processes and the audits of the financial statements of our Company.
The Audit Committee is responsible for, among other things:

- the appointment, compensation, retention and oversight of the work of the
  independent auditor;
- reviewing and pre-approving all auditing services and permissible non-audit
  services (including the fees and terms thereof) to be performed by the
  independent auditor;
- reviewing and approving all proposed related-party transactions;
- discussing the interim and annual financial statements with management and
  our independent auditors;
- reviewing and discussing with management and the independent auditor (a)
  the adequacy and effectiveness of the Companys internal controls, (b) the
  Companys internal audit procedures, and (c) the adequacy and effectiveness of
  the Companys disclosure controls and procedures, and management reports
  thereon;
- reviewing reported violations of the Companys code of conduct and business
  ethics; and
- reviewing and discussing with management and the independent auditor
  various topics and events that may have significant financial impact on the
  Company or that are the subject of discussions between management and the
  independent auditors.

Compensation Committee

Our Compensation Committee consists of three members: Martha C.
Agee, Chunzhi Zhang and Jianjun He, with Mr. Zhang serving as chair. Each
director who has served or is serving on our Compensation Committee was or is
independent as that term is defined under the NASDAQ listing rules at all
times during their service on such Committee.

The purpose of our Compensation Committee discharge the
responsibilities of the Companys Board of Directors relating to compensation of
the Companys executives, to produce an annual report on executive compensation
for inclusion in the Companys proxy statement, if required, and to oversee and
advise the Board on the adoption of policies that govern the Companys
compensation programs, including stock and benefit plans. Our chief executive
officer may not be present at any Compensation Committee meeting during which
his compensation is deliberated. The Compensation Committee is responsible for,
among other things:

- reviewing and approving the compensation structure for corporate officers
  at the level of corporate vice president and above;
- overseeing an evaluation of the performance of the Companys executive
  officers and approve the annual compensation, including salary, bonus,
  incentive and equity compensation, for the executive officers;
- reviewing and approving chief executive officer goals and objectives,
  evaluate chief executive officer performance in light of these corporate
  objectives, and set chief executive officer compensation consistent with
  Company philosophy;
- making recommendations to the Board regarding the compensation of board
  members;
- reviewing and making recommendations concerning long-term incentive
  compensation plans, including the use of equity-based plans. Except as
  otherwise delegated by the Board of Directors, the Compensation Committee will
  act on behalf of the Board of Directors as the Committee established to
  administer equity-based and employee benefit plans, and as such will discharge
  any responsibilities imposed on the Compensation Committee under those plans,
  including making and authorizing grants, in accordance with the terms of those
  plans.

6

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Nominating and Corporate Governance Committee

Our Nominating and Corporate Governance Committee consists of
three members: Martha C. Agee, Chunzhi Zhang and Jianjun He, with Mr. He serving
as chair. Each director who has served or is serving on our Nominating and
Corporate Governance Committee was or is independent as that term is defined
under the NASDAQ listing standards at all times during their service on such
Committee.

The purpose of the Nominating and Corporate Governance
Committee is to determine the slate of director nominees for election to the
Companys Board of Directors, to identify and recommend candidates to fill
vacancies occurring between annual shareholder meetings, and to review the
Companys policies and programs that relate to matters of corporate
responsibility, including public issues of significance to the Company and its
members. The Nominating and Corporate Governance Committee is responsible for,
among other things:

- annually presenting to the Board a list of individuals recommended for
  nomination for election to the Board at the annual meeting of stockholders,
  and for appointment to the committees of the Board;
- annually reviewing the composition of each committee and present
  recommendations for committee memberships to the Board as needed; and
- annually evaluating and reporting to the Board of Directors on the
  performance and effectiveness of the Board of Directors to facilitate the
  directors fulfillment of their responsibilities in a manner that serves the
  interests of the Companys shareholders.

Code of Business Ethics and Conduct

We have adopted a Code of Business Ethics and Conduct relating
to the conduct of our business by our employees, officers and directors. We
intend to maintain the highest standards of ethical business practices and
compliance with all laws and regulations applicable to our business, including
those relating to doing business outside the United States. During the fiscal
year ended September 30, 2014, there were no amendments to or waivers of our
Code of Business Ethics and Conduct. If we effect an amendment to, or waiver
from, a provision of our Code of Business Ethics and Conduct, we intend to
satisfy our disclosure requirements by posting a description of such amendment
or waiver on our Internet website at www.cbak.com.cn or via a current report on
Form 8-K.

Section 16(A) Beneficial Ownership Reporting Compliance

Under U.S. securities laws, directors, certain executive
officers and persons beneficially owning more than 10% of our Common Stock must
report their initial ownership of the Common Stock, and any changes in that
ownership, to the SEC. The SEC has designated specific due dates for these
reports. Based solely on our review of copies of such reports filed with the SEC
and written representations of our directors and executive offers, we believe
that all persons subject to reporting filed the required reports on time in
fiscal year 2014.

|ITEM 11. | EXECUTIVE COMPENSATION.
|-------- | -----------------------

Summary Compensation Table

The following table sets forth information concerning all
compensation awarded to, earned by or paid to Xiangqian Li, our Chief Executive
Officer for services rendered in all capacities during fiscal years 2014 and
2013. No other executive officers received total compensation in excess of
$100,000 in either fiscal year.

|                                                       |  |      |  |  |               |  |  | Stock  |  |  |               |  |  |                 | 
|------------------------------------------------------ |  | ---- |  |  | ------------- |  |  | ------ |  |  | ------------- |  |  | --------------- | 
|                                                       |  |      |  |  |               |  |  | Awards |  |  | Option        |  |  |                 | 
|Name and Principal Position                            |  | Year |  |  | Salary ($)(1) |  |  | ($)(2) |  |  | Awards ($)(2) |  |  | Total
      ($) | 
|Xiangqian Li, President, Chief Executive
      Officer |  | 2014 |  |  | 39,044        |  |  | -      |  |  | -             |  |  | 39,044          | 
|                                                       |  | 2013 |  |  | 38,776        |  |  | -      |  |  | -             |  |  | 38,776          | 

(1) The amounts reported in this table have been converted from
RMB to U.S. dollars based on the average conversion rate between the U.S. dollar
and RMB for the applicable fiscal year, or $1.00 to RMB 6.1469 (fiscal year 2014
exchange rate), $1.00 to RMB 6.1894 (fiscal year 2013 exchange rate).

7

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(2) The amounts represented in the stock and option awards
columns reflect the compensation expense recognized by the Company determined
pursuant to SFAS No. 168 The FASB Accounting Standards CodificationTMand the Hierarchy of Generally Accepted Accounting Principles, a
replacement of FASB Statement No. 162 (SFAS No. 168), as superseded by The
FASB Accounting Standards CodificationTM(ASC), now included in ASC
Topic 718 (ASC 718), and no forfeitures are assumed. The assumptions used to
calculate the value of option and restricted stock awards are set forth under
Note 16 of the Notes to Consolidated Financial Statements of this annual
report.

Summary of Employment Agreements

The base salary shown in the Summary Compensation Table is
described in each named executive officers respective employment agreement. The
material terms of those employment agreements are summarized below.

We entered into employment agreements with three-year initial
terms with our named executive officers with standard employment agreements. We
entered into the employment agreements with Mr. Li and Mr. Wenwu Wang on June
30, 2012 and August 28, 2014, respectively. Each of our standard employment
agreements is automatically extended by a year at the expiration of the initial
term and at the expiration of every one-year extension, until terminated in
accordance with the termination provisions of the agreements, which are
described below.

Our standard employment agreement permits us to terminate the
executives employment for cause, at any time, without notice or remuneration,
for certain acts of the executive, including but not limited to a conviction or
plea of guilty to a felony, negligence or dishonesty to our detriment and
failure to perform agreed duties after a reasonable opportunity to cure the
failure. An executive may terminate his employment upon one months written
notice if there is a material reduction in his authority, duties and
responsibilities or if there is a material reduction in his annual salary before
the next annual salary review. Furthermore, we may terminate the executives
employment at any time without cause by giving one months advance written
notice to the executive officer. If we terminate the executives employment
without cause, the executive will be entitled to a termination payment of up to
three months of his or her then base salary, depending on the length of such
executives employment with us. Specifically, the executive will receive salary
continuation for: (i) one month following a termination effective prior to the
first anniversary of the effective date of the employment agreement; (ii) two
months following a termination effective prior to the second anniversary of the
effective date; and (iii) three months following a termination effective prior
to or any time after the third anniversary of the effective date. The employment
agreements provide that the executive will not participate in any severance
plan, policy, or program of the Company.

Our standard employment agreement contains customary
non-competition, confidentiality, and non-disclosure covenants. Each executive
officer has agreed to hold, both during and after the employment agreement
expires or is earlier terminated, in strict confidence and not to use, except as
required in the performance of his duties in connection with the employment, any
confidential information, technical data, trade secrets and know-how of our
company or the confidential information of any third party, including our
affiliated entities and our subsidiaries, received by us. The executive officers
have also agreed to disclose in confidence to us all inventions, designs and
trade secrets which they conceive, develop or reduce to practice and to assign
all right, title and interest in them to us. In addition, each executive officer
has agreed to be bound by non-competition restrictions set forth in his or her
employment agreement. Specifically, each executive officer has agreed not to,
while employed by us and for a period of one year following the termination or
expiration of the employment agreement,

- approach our clients, customers or contacts or other persons or entities,
  and not to interfere with the business relationship between us and such
  persons and/or entities;
- assume employment with or provide services as a director for any of our
  competitors, or engage in any business which is in direct or indirect
  competition with our business; or
- solicit the services of any of our employees.

Outstanding Equity Awards at Fiscal Year-End 2014

There were no equity awards outstanding as of September 30,
2014 that were granted to our named executive officers. Our Chief Executive
Officer, Mr. Li was granted an option to purchase 216,000 shares of our common
stock on May 29, 2008 under the Stock Option Plan. The option is subject to a
three-year vesting schedule, with the first 1/12 vesting on the last day of the
full fiscal quarter following the date of grant (September 30, 2008), and the
remaining 11/12 vesting in eleven equal installments on the last day of each
following fiscal quarter. The exercise price is $20.9. The option expired on May
28, 2013. Mr. Li was also granted 100,000 restricted shares of the Companys
common stock, par value $0.001, under the Stock Option Plan. The restricted stock is subject to a
five-year vesting schedule. All of the restricted stock has been vested in
twenty equal quarterly installments on the first day of each fiscal quarter
beginning on October 1, 2009.

8

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Compensation of Directors

Under our Compensation Plan for Non-Employee Directors, or the
Directors Plan, each eligible non-employee director of the Company may receive
an annual retainer fee. Pursuant to the Directors Plan, the annual retainer fee
under the Directors Plan is subject to adjustments determined by our Board from
time to time. Each independent director is also eligible to be granted 5,000
restricted shares of our common stock for serving as a director.

In December 2010, our Board of Directors unanimously approved a
change in the annual retainer fee for independent directors in accordance with
the Directors Plan. Effective January 1, 2011, our independent directors will be
paid an annual retainer fee of $45,000. As was previously our policy, the chair
of the Audit Committee will continue to receive an additional $5,000 in
recognition of the added responsibility of this position. In connection with
this change, the Board unanimously determined that the independent directors
will no longer receive an annual issuance of restricted shares under the
Directors Plan. Each of the independent directors has waived all rights to such
annual issuances, including with respect to 2,500 of the shares that were to be
issued to each of the independent directors during calendar year 2011 in
connection with their grants on July 1, 2010.

Effective October 1, 2012, each of our independent directors
will be paid an annual retainer fee of $61,000. The chair of the Audit Committee
will receive an additional $9,000 in recognition of the added responsibility of
this position.

In June 2013, due to the financial situation of the Company,
each of the independent directors agreed to reduce their annual retainer fee to
$20,000, effective from the quarter ended June 30, 2013.

The following table sets forth the total compensation earned by
our non-employee directors during our fiscal year ended September 30, 2014:

|               |  | Fees Earned or         |  |  |                  |  |  |           | 
|-------------- |  | ---------------------- |  |  | ---------------- |  |  | --------- | 
|Name           |  | Paid
      in Cash ($) |  |  | Stock Awards ($) |  |  | Total ($) | 
|Chunzhi Zhang  |  | 20,000                 |  |  | -                |  |  | 20,000    | 
|Martha C. Agee |  | 20,000                 |  |  | -                |  |  | 20,000    | 
|Jianjun He     |  | 20,000                 |  |  | -                |  |  | 20,000    | 

We do not maintain a medical, dental or retirement benefits
plan for the directors.

We have not compensated, and will not compensate, our
non-independent directors, Mr. Xiangqian Li and Mr. Guosheng Wang, for serving
as our directors, although they are entitled to reimbursements for reasonable
expenses incurred in connection with attending our board meetings.

The directors may determine remuneration to be paid to the
directors with interested members of the Board refraining from voting. The
Compensation Committee will assist the directors in reviewing and approving the
compensation structure for the directors.

|ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
      OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.
|-------- | -----------------------------------------------------------------------------------------------------

Securities Ownership of Certain Beneficial Owners and
Management

The following table sets forth information known to us with
respect to the beneficial ownership of our Common Stock as of the close of
business on January 26, 2015 (the Reference Date) for: (i) each person known
by us to beneficially own more than 5% of our voting securities, (ii) each named
executive officer, (iii) each of our directors and nominees, and (iv) all of our
executive officers and directors as a group:

9

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|Names of Management and Names and Addresses                                                                                                                             |  | Amount and Nature of    | 
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------- | 
|of Certain
      Beneficial Owners(1)                                                                                                                                   |  | Beneficial Ownership(1) | 
|                                                                                                                                                                        |  |                         | 
|                                                                                                                                                                        |  | Number(2)               | 
|Xiangqian Li (4)c/o China
      BAK Battery, Inc. BAK Industrial Park Meigui Street,
      Huayuankou Economic Zone Dalian City, Liaoning Province,
      China, 116422 |  | 3,910,778               | 
|                                                                                                                                                                        |  |                         | 
|Guosheng Wang                                                                                                                                                           |  | -                       | 
|                                                                                                                                                                        |  |                         | 
|Chunzhi Zhang (5)                                                                                                                                                       |  | 3,500                   | 
|                                                                                                                                                                        |  |                         | 
|Martha C. Agee                                                                                                                                                          |  | -                       | 
|                                                                                                                                                                        |  |                         | 
|Jianjun He                                                                                                                                                              |  | -                       | 
|                                                                                                                                                                        |  |                         | 
|All executive officers and directors as a
      group (5 persons)                                                                                                       |  | 3,914,278               | 

|*   | Denotes less than 1% of the outstanding shares of Common
      Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|**  | All information in and below this table gives
      retroactive effect to our one-for-five reverse stock split effected on
      October 26, 2012.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|(1) | The number of shares beneficially owned is determined
      under Securities and Exchange Commission (SEC) rules, and the
      information is not necessarily indicative of beneficial ownership for any
      other purpose. Under those rules, beneficial ownership includes any shares
      as to which the individual has sole or shared voting power or investment
      power, and also any shares which the individual has the right to acquire
      within 60 days of the Reference Date, through the exercise or conversion
      of any stock option, convertible security, warrant or other right (a
      Presently Exercisable security). Including those shares in the table
      does not, however, constitute an admission that the named stockholder is a
      direct or indirect beneficial owner of those shares.                                                                                                                                                                                                                                                                                                                
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|(2) | Unless otherwise indicated, each person or entity named
      in the table has sole voting power and investment power (or shares that
      power with that persons spouse) with respect to all shares of Common
      Stock listed as owned by that person or entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|(3) | A total of 12,619,597 shares of Common Stock are
      considered to be outstanding on the Reference Date. For each beneficial
      owner above, any Presently Exercisable securities of such beneficial owner
      have been included in the denominator, pursuant to Rule 13d-3(d)(1) under
      the Securities Exchange Act of 1934, as amended, or the Exchange
    Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|(4) | Including 100,000 restricted shares of the Common Stock
      granted under the Stock Option Plan on June 22, 2009, which restricted
      stock is subject to a five-year vesting schedule. It vests in twenty equal
      quarterly installments on the first day of each fiscal quarter beginning
      on October 1, 2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|(5) | On June 25, 2007, Mr. Zhang was granted 1,000 shares of
      restricted Common Stock. On August 6, 2008, Mr. Zhang was granted an
      additional 1,000 shares of restricted Common Stock on the same terms as
      those governing the June 25, 2007 grant. On June 26, 2009, Mr. Zhang was
      granted an additional 1,000 shares of restricted Common Stock, on the same
      terms as those governing the June 25, 2007 and August 6, 2008 grants. On
      July 1, 2010, Mr. Zhang was granted an additional 1,000 shares of
      restricted Common Stock on the same terms as those governing the June 25,
      2007, August 6, 2008, and June 26, 2009 grants. On January 19, 2011, Mr.
      Zhang waived the receipt of 500 shares of the July 1, 2010 grant in
      consideration of an additional quarterly payment by the Company of $6,250
      on or about January 6, 2011 pursuant to the increase, effective January 1,
      2011, of each of the directors annual retainer fee under the Companys
      Stock Option Plan by $25,000 in lieu of each directors receipt of
      restricted shares under the Stock Option Plan.

10

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Changes in Control

There are no arrangements known to us, including any pledge by
  any person of our securities, the operation of which may at a subsequent date
  result in a change in control of the Company.

Securities Authorized for Issuance Under Equity Compensation
Plans

The following table sets forth certain information about the
securities authorized for issuance under our Stock Option Plan and our
Compensation Plan for Non-Employee Directors as of September 30, 2014. Options
exercisable for all of the securities shown in column (a) below were granted
under our Stock Option Plan.

|                                                                 |  |                      |  |   |                   |  |  | Number of securities            |    
|---------------------------------------------------------------- |  | -------------------- |  | - | ----------------- |  |  | ------------------------------- | ---
|                                                                 |  | Number of securities |  |   | Weighted-average  |  |  | remaining available for future  |    
|                                                                 |  | to be issued upon    |  |   | exercise price of |  |  | issuance under equity           |    
|                                                                 |  | exercise of          |  |   | outstanding       |  |  | compensation plans              |    
|                                                                 |  | outstanding options, |  |   | options, warrants |  |  | (excluding securities reflected |    
|                                                                 |  | warrants and rights  |  |   | and rights        |  |  | in column (a))                  |    
|                                                                 |  | (a)                  |  |   | (b)               |  |  | (c)                             |    
|Equity compensation plans approved by
      security holders     |  | 4,200                |  | $ | 14.05             |  |  | 222,401                         | (1)
|                                                                 |  |                      |  |   |                   |  |  |                                 |    
|Equity compensation plans not approved by
      security holders |  | -                    |  |   | -                 |  |  | -                               |    
|                                                                 |  |                      |  |   |                   |  |  |                                 |    
|Total                                                            |  | 4,200                |  | $ | 14.05             |  |  | 222,401                         | (1)

*All information in and below this table gives retroactive
effect to our one-for-five reverse stock split effected on October 26, 2012.

(1) Includes 86,500 shares of restricted stock that were
available for future issuance under our Compensation Plan for Non-Employee
Directors and 135,901 shares of restricted stock that were available for future
issuance under our Stock Option Plan, as of September 30, 2014.

|ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED
      TRANSACTIONS, AND DIRECTOR INDEPENDENCE.
|-------- | --------------------------------------------------------------------------------

Transactions with Related Persons

We have a one-year term outstanding short-term bank loan of
$4.9 million from Bank of Dandong bearing a fixed interest rate at 7.8% per
annum. The loan is guaranteed by Shenzhen BAK Battery Co., Ltd (Shenzhen BAK),
our former subsidiary and Mr. Xiangqian Li, our CEO. Mr. Li did not receive and
is not entitled to receive any consideration for the above-referenced
guarantees. We are not independently obligated to indemnify any of those
guarantors for any amounts paid by them pursuant to any guarantee.

After the foreclosure of BAK International Limited and its
subsidiaries effective on June 30, 2014, our former subsidiaries owed us a sum
of $17,844,674. As of September 30, 2014, our former subsidiaries had:

| | (i)   | repaid $876,240 in cash to us;                                                                    
| | ----- | --------------------------------------------------------------------------------------------------
| | (ii)  | passed us title to property, plant and equipment with a
      total carrying amount of $4,268,397;
| | (iii) | provided us inventories with a total carrying amount of
      $3,299,456; and                     
| | (iv)  | paid $558,577 to our subcontractors on our
  behalf.                                              

As of September 30, 2014, our former subsidiaries, Shenzhen BAK
and BAK International (Tianjin) Ltd. (BAK Tianjin) owed us aggregate amount of
$9,117,445 which were interest-free, unsecured and repayable on demand.

As of September 30, 2014, we obtained an advance from Tianjin
BAK New Energy Research Institute Co., Ltd, a related party under the common
control of Mr. Xiangqian Li, our CEO, of $651,657 which was interest-free,
unsecured and repayable on demand.

11

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Promoters and Certain Control Persons

We did not have any promoters at any time during the past five
fiscal years.

Director Independence

Chunzhi Zhang, Martha C. Agee and Jianjun He each serves on our
board of directors as an independent director as defined by Rule 5605(a)(2) of
the NASDAQ Listing Rule.

|ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES.
|-------- | ---------------------------------------

Independent Registered Public Accounting Firms Fees and
Services

Audit Fees

Crowe Horwath (HK) CPA Limited (Crowe Horwath) has billed us
$102,000 and $392,000 in the aggregate for the fiscal years ended September 30,
2013 and 2014, respectively for professional services rendered for the audit of
our fiscal years 2013 and 2014 annual financial statements, including reviews of
the interim financial statements included in our quarterly reports on Form 10-Q
and assistance with the Securities Act filings.

PKF billed us $143,000 in the aggregate for the fiscal year
ended September 30, 2013 for professional services rendered to audit our annual
financial statements, and to review the interim financial statements included in
our quarterly reports on Form 10-Q with the Securities Act filings.

Audit-Related Fees

We did not engage Crowe Horwath to provide assurance or related
services during the last two fiscal years.

Tax Fees

We did not engage our principal accountants to provide tax
compliance, tax advice or tax planning services during the last two fiscal
years.

All Other Fees

We did not engage our principal accountants to render services
to us during the last two fiscal years, other than as reported above.

Pre-Approval Policies and Procedures

All auditing services and permitted non-audit services
(including the fees and terms thereof) to be performed for the Company by our
independent auditor must be approved by the Audit Committee in advance, except
non-audit services (other than review and attestation services) if such services
fall within exceptions established by the SEC. The Audit Committee will
pre-approve any permissible non-audit services to be provided by the Companys
independent auditors on behalf of the Company that do not fall within any
exception to the pre-approval requirements established by the SEC. The Audit
Committee may delegate to one or more members the authority to pre-approve
permissible non-audit services, but any such delegate or delegates must present
their pre-approval decisions to the Audit Committee at its next meeting. All of
our accountants services described above were pre-approved by the Audit
Committee or by one or more members under the delegate authority described
above.

12

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PART IV

|ITEM 15. | EXHIBITS, FINANCIAL STATEMENT SCHEDULES.
|-------- | ----------------------------------------

Exhibit List

The list of exhibits in the Exhibit Index to this Report is
incorporated herein by reference.

13

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 27, 2015

| | CHINA BAK BATTERY, INC.
| | -----------------------
| |                        
| | By:                    
| |                        
| |                        
| |                        
| | By:                    
| |                        
| |                        

In accordance with the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.

|Signature          |  | Title                                        |  | Date            
|------------------ |  | -------------------------------------------- |  | ----------------
|                   |  |                                              |  |                 
|/s/ Xiangqian Li   |  | Chairman, Chief Executive Officer (Principal |  | January 27, 2015
|Xiangqian Li       |  | Executive Officer)                           |  |                 
|                   |  |                                              |  |                 
|/s/ Wenwu Wang     |  | Interim Chief Financial Officer (Principal   |  | January 27, 2015
|Wenwu Wang         |  | Financial and Accounting Officer)            |  |                 
|                   |  |                                              |  |                 
|/s/ Guosheng Wang  |  | Director                                     |  | January 27, 2015
|Guosheng Wang      |  |                                              |  |                 
|                   |  |                                              |  |                 
|/s/ Chunzhi Zhang  |  | Director                                     |  | January 27, 2015
|Chunzhi Zhang      |  |                                              |  |                 
|                   |  |                                              |  |                 
|/s/ Martha C. Agee |  | Director                                     |  | January 27, 2015
|Martha C. Agee     |  |                                              |  |                 
|                   |  |                                              |  |                 
|/s/ Jianjun He     |  | Director                                     |  | January 27, 2015
|Jianjun He         |  |                                              |  |                 

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EXHIBIT INDEX

|Exhibit No. | Description                                                                                                      
|----------- | -----------------------------------------------------------------------------------------------------------------
|31.1*       | Certifications of Chief
      Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of
      2002  
|31.2*       | Certifications of Interim Chief Financial
      Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|32.1*       | Certifications of Chief
      Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002  
|32.2*       | Certifications of Interim Chief Financial
  Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002    

* Filed herewith

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