Exhibit 10.53 Translation
Party A: Shenzhen BAK Battery Co.,Ltd Party B: Xiangqian Li Gender: Male Age: 36 ID
Number:62010568080367 Place of ID issued: Ji Lin Province
This agreement is signed by and between Party A and Party B through fairly and freewill negotiation. Both parties
agree the following articles:
1. This agreement shall become effective since both parties signed and shall become mature on August 3, 2006.
(This agreement with a term of 3 years; 0 Month test run period)
2. Party A agrees to employ Party B as an employee of Shenzhen BAK Battery Co.,Ltd and will arrange work
position for Party B according to the specific work requirement.
3. During the employ agreement period, Party A shall pay salary to Party A according to the company's principle;
shall pay social security pension for Party A and provide other welfares.
4. During the employ agreement period, Party A maintains the right to adjust Party B's position according to
work requirements, under such situation, Party B shall obey Party A's arrangement.
5. During the employ agreement period, Party B shall:
1) Obey the PRC's laws and rules; obey the company's rules and principles.
2) Obey what the company assigned and be full of responsible to the work; Insist fairness when at work, don't
earn interest for self through work; be professional and honest; learning hard and work hard to keep improving
6. Party B has the right to dismiss its employees when the following situation happens:
1) When the operation situation changed materially and caused some employees' positions unwanted, through
rearrangement still unwanted;
2) Party A lack of ability to carry out his/her work and didn't work hard to improve, through education and
training still didn't competent for his/her work;
3) Party A didn't obey this agreement articles during this contract term;
4) Violate company's principles and rules; or harm company and other employee's interests.
7. Work discipline:
1) Party A shall