X0303 4/A 2010-06-22 2010-06-24 0 0001327364 Shengkai Innovations, Inc. valv 0001436231 CHEN WANG SHENGKAI INNOVATIONS, INC. NO.27 WANG GANG RD. JINNAN ECON.DEV.AREA TIANJIN F4 300350 CHINA 1 1 1 0 Chief Executive Officer Common Stock 2009-08-05 4 C 0 10400000 30 A 17400000 I Through Long Sunny Limited Options to purchase common stock 8.13 2010-06-22 4 A 0 150000 0 A 2011-06-22 2015-06-22 Common stock 150000 150000 D Option to purchase common stock 8.13 2010-06-22 4 A 0 100125 0 A 2011-06-22 2015-06-22 Common stock 100125 250125 I By Spouse The Reporting Person is the sole shareholder of Long Sunny Limited, a majority shareholder of Shengkai Innovations, Inc. (the "Company") that owns 17,400,000 shares of the Company's common stock. The Reporting Person's beneficial ownership is based upon his 100% interest in Long Sunny Limited. This option (the "Option") was issued pursuant to the Company's 2010 Incentive Stock Plan and the Nonstatutory Stock Option Agreement dated as of June 22, 2010 and amendment dated September 22, 2010 thereto (collectively, the "Agreement"). The Option shall become exercisable during the term of the Reporting Person's employment in three equal annual installments of 50,000 shares each, the first installment to be exercisable on the first anniversary of the date of grant, and each subsequent installment on every anniversary thereof. The Reporting Person is the husband of Ms. Guo Wei, who is a director of the Company and holds an option to purchase 100,125 shares of the Company's common stock. Accordingly, the option to purchase 100,125 shares of common stock is indirectly beneficially attributed to the Reporting Person. /s/ Jessica S.Yuan, Attorney-at-Law 2010-09-24