0001144204-11-035023.txt : 20110610 0001144204-11-035023.hdr.sgml : 20110610 20110610092931 ACCESSION NUMBER: 0001144204-11-035023 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110610 DATE AS OF CHANGE: 20110610 GROUP MEMBERS: ABAX ARHAT FUND GROUP MEMBERS: ABAX CLAREMONT LTD. GROUP MEMBERS: ABAX GLOBAL CAPITAL GROUP MEMBERS: ABAX GLOBAL CAPITAL (HONG KONG) LIMITED GROUP MEMBERS: ABAX GLOBAL OPPORTUNITIES FUND GROUP MEMBERS: ABAX LOTUS LTD. GROUP MEMBERS: ABAX NAI XIN A LTD. GROUP MEMBERS: ABAX UPLAND FUND LLC GROUP MEMBERS: HERO WAVE INVESTMENTS LIMITED GROUP MEMBERS: TECH FULL ELECTRIC COMPANY LIMITED GROUP MEMBERS: XIANG DONG YANG FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Yang Tianfu CENTRAL INDEX KEY: 0001315890 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: NO.9 HA PING XI LU HA PING LU JI ZHONG STREET 2: HARBIN KAI FA QU CITY: HARBIN STATE: F4 ZIP: 150001 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Harbin Electric, Inc CENTRAL INDEX KEY: 0001266719 STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621] IRS NUMBER: 980403396 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80112 FILM NUMBER: 11904505 BUSINESS ADDRESS: STREET 1: NO. 9, HA PING XI LU STREET 2: HA PING LU JI ZHONG QU HARBIN KAI FA QU CITY: HARBIN STATE: F4 ZIP: 150001 BUSINESS PHONE: 86 45182621768 MAIL ADDRESS: STREET 1: NO. 9, HA PING XI LU STREET 2: HA PING LU JI ZHONG QU HARBIN KAI FA QU CITY: HARBIN STATE: F4 ZIP: 150001 FORMER COMPANY: FORMER CONFORMED NAME: TORCH EXECUTIVE SERVICES LTD DATE OF NAME CHANGE: 20031009 SC 13D/A 1 v225560_sc13da.htm Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
 
(Amendment No. 2 )*

Harbin Electric, Inc.
(Name of Company)
 
Common Stock, par value $.00001
(Title of Class of Securities)
 
41145W 10 9
(CUSIP Number)
 
Tianfu Yang
Hero Wave Investments Limited
Xi Yuan 17-5, Wan Cheng Hua Fu,
Wan Liu Xi Lu, Hai Dian Qu,
Beijing, China 100089
+(86) 451 8611 6757
 
Donald Yang
Abax Global Capital (Hong Kong) Limited
Two International Finance Centre
Suite 6708, 8 Finance Street, Central
Hong Kong
+(852) 3602 1800
 
With copies to:
Michael V. Gisser
Peter X. Huang
Skadden, Arps, Slate, Meagher & Flom LLP
30th Floor, China World Office 2
No. 1, Jianguomenwai Avenue
Beijing 100004
China
(8610) 6535-5599
 
 
 
 
 
 
Mark J. Lehmkuhler
Davis Polk & Wardwell LLP
c/o 18th Floor, The Hong Kong Club Building
3A Chater Road, Central, Hong Kong
(+852) 2533 3300
 
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
 
June 10, 2011
(Date of Event Which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
 
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
2
 
 
CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Tianfu Yang
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): N/A
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) x
(b) o         
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
BK, OO
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
People's Republic of China
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
7,000,000
8.
SHARED VOTING POWER
2,633,354
9.
SOLE DISPOSITIVE POWER
7,000,000
10.
SHARED DISPOSITIVE POWER
12,695,384
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,695,384
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.72%
14.
TYPE OF REPORTING PERSON
IN

 
3
 

CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Hero Wave Investments Limited
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):  N/A1
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o        
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
BK, OO
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
the British Virgin Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
2,633,354
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
2,633,354
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,633,354
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
x (See Item 5)
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48%
14.
TYPE OF REPORTING PERSON
CO
 
1 Hero Wave Investments Limited is incorporated in the British Virgin Islands and does not have an I.R.S. Identification Number.
 
 
4
 
 
CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Tech Full Electric Company Limited
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):  N/A2
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o        
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
BK, OO
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
the Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
0
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
12,695,384
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,695,384
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.72%
14.
TYPE OF REPORTING PERSON
CO

2 Tech Full Electric Company Limited is incorporated in the Cayman Islands and does not have an I.R.S. Identification Number.
 
 
5
 

CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Abax Lotus Ltd.
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o        
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO, AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,225,553 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,225,553 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,225,553 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
x
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9%
14.
TYPE OF REPORTING PERSON
CO

 
6
 
 
CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Abax Nai Xin A Ltd.
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO, AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
466,467 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
466,467 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,467 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
x  (See Item 5)
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5% (See Item 5)
14.
TYPE OF REPORTING PERSON
CO

 
7
 

CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Abax Global Opportunities Fund
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO, AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,692,020 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,692,020 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,692,020 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o  (See Item 5)
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4% (See Item 5)
14.
TYPE OF REPORTING PERSON
CO

 
8
 
 
CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Abax Upland Fund LLC
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO, AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,692,020 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,692,020 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,692,020 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o  (See Item 5)
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4% (See Item 5)
14.
TYPE OF REPORTING PERSON
CO

 
9
 

CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Abax Arhat Fund
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO, AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,692,020 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,692,020 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,692,020 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o  (See Item 5)
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4% (See Item 5)
14.
TYPE OF REPORTING PERSON
CO

 
10
 

CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Abax Claremont Ltd.
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO, AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,692,020 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,692,020 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,692,020 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o  (See Item 5)
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4% (See Item 5)
14.
TYPE OF REPORTING PERSON
CO

 
11
 

CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Abax Global Capital
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) x
(b) o
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO, AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,692,020 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,692,020 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,692,020 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o  (See Item 5)
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4% (See Item 5)
14.
TYPE OF REPORTING PERSON
CO

 
12
 

CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Abax Global Capital (Hong Kong) Limited
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) x
(b) o
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO, AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong, SAR
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,692,020 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,692,020 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,692,020 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4% (See Item 5)
14.
TYPE OF REPORTING PERSON
CO
 
 
13
 
 
CUSIP No.
41145W 10 9

1.
NAME OF REPORTING PERSON:  Xiang Dong Yang
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  x
(b)  o
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
OO
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,692,020 (See Item 5)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,692,020 (See Item 5)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,692,020 (See Item 5)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4% (See Item 5)
14.
TYPE OF REPORTING PERSON
IN

 
14
 
 
Introductory Note
 
This Amendment No. 2 is filed jointly by Tianfu Yang (“Mr. Tianfu Yang”), Hero Wave Investments Limited (“Hero”), Tech Full Electric Company Limited (“Tech Full”), Abax Lotus Ltd. (“Abax Lotus”), Abax Nai Xin A Ltd. (“Abax Nai Xin”), Abax Global Opportunities Fund (“Global Fund”), Abax Upland Fund LLC (“Upland”), Abax Arhat Fund (“Arhat”), Abax Claremont Ltd. (“Upland Managing Member”), Abax Global Capital (“AGC”), Abax Global Capital (Hong Kong) Limited (“Abax HK”), and Xiang Dong Yang (“Mr. Xiang Dong Yang”, collectively with Abax Lotus, Global Fund, Upland, Arhat, Upland Managing Member, AGC, AGC Asia 3, Abax HK and Abax Nai Xin, the “Abax Parties”).   Mr. Tianfu Yang, Hero, Tech Full and the Abax Parties are collectively referred to herein as the “Reporting Persons”.  This Amendment No. 2 amends and supplements the schedule, as amended and supplemented to date, with respect to Harbin Electric, Inc. (the “Company”) filed by the Reporting Persons with  the Securities and Exchange Commission (the “SEC”) on Schedule 13D (as amended and supplemented, the “Schedule 13D”).  Except as provided herein, this Amendment No. 2 does not modify any of the information previously reported on the Schedule 13D.

Item 4.
Purpose of Transaction

 
Item 4 of the Schedule 13D is hereby supplemented by adding the following at the end thereof:

 
On June 10, 2011, Mr. Tianfu Yang and AGC, on behalf of themselves, submitted a letter (the “Reaffirmation Letter”) reaffirming their proposal set forth in the letter to the Company’s board of directors dated April 19, 2011 and submitting to the Company’s board of directors an executed copy of the facility agreement between Tech Full and China Development Bank Corporation Hong Kong Branch, pursuant to which CDB has agreed to provide a $400 million term loan facility to fund the proposed merger.

 
The foregoing summary of certain provisions of the Reaffirmation Letter is not intended to be complete.  Except as indicated above, none of the Reporting Persons have any plans or proposals that relate to or would result in any other action specified in clauses (a) through (j) of Item 4 on Schedule 13D.

Item 6.
Contracts, Arrangements, Understandings, or Relationships with respect to Securities of the Company.

 
Item 6 of the Schedule 13D is hereby supplemented by adding the following at the end thereof:

 
For a brief description of the principal terms of the Reaffirmation Letter, please refer to Items 4.
 
 
 
 
 
15
 
 
SIGNATURE

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 
Dated:           June 10, 2011

 
TIANFU YANG
  
       
 
 /s/ Tianfu Yang  
  Name: Tianfu Yang  
       
       

 
HERO WAVE INVESTMENTS LIMITED
  
       
 
By:
/s/ Tianfu Yang  
 
Name: Tianfu Yang
  
 
Title: Director
  
       

 
TECH FULL ELECTRIC COMPANY LIMITED
  
       
 
 /s/ Tianfu Yang  
 
Name: Tianfu Yang
  
 
Title: Director
  
       

 
ABAX LOTUS LTD.
  
       
 
By:
/s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang
  
 
Title: Director
  
       
 
ABAX NAI XIN A LTD.
  
       
 
By:
/s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang
  
 
Title: Director
  
       
 
ABAX GLOBAL OPPORTUNITIES FUND
  
       
 
By:
/s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang
  
 
Title: Director
  
       
 
 
 
 
 

 
 
ABAX UPLAND FUND, LLC
  
       
  By: 
ABAX CLAREMONT LTD. in
its capacity as Managing Member
  
       
 
By:
/s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang
  
 
Title: Director
  
       
 
ABAX ARHAT FUND
  
       
 
By:
/s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang
  
 
Title: Director
  
       
 
ABAX CLAREMONT LTD.
  
       
 
By:
/s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang
  
 
Title: Director
  
       
 
ABAX GLOBAL CAPITAL
  
       
 
By:
/s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang
  
 
Title: Director
  
       
 
ABAX GLOBAL CAPITAL (HONG KONG) LIMITED
  
       
 
By:
/s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang
  
 
Title: Director
  
       
 
XIANG DONG YANG
  
       
 
 /s/ Xiang Dong Yang  
 
Name: Xiang Dong Yang