UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 11, 2005
ADVANCED BATTERY TECHNOLOGIES, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-13337 22-2497491
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(State of Incorporation) (Commission File (IRS Employer
Number) Identification No.)
136-14 Northern Blvd., Suite 8E, Flushing, NY 11354
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(Address of Principal Executive Offices)
(718) 359-6866
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Registrant's Telephone Number
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
[ ] Written communication pursuant to Rule 425 under the Securities Act
(17 CFR 230.425).
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12).
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)).
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)).
Item 2.01 Completion of Acquisition of Assets
On September 11, 2005 Advanced Battery's subsidiary, ZQ Power-Tech,
agreed with its Chairman, Zhiguo Fu, to rescind the transaction dated May
31, 2005 in which ZQ Power-Tech issued 18% of its capital stock to Mr. Fu in
exchange for a patent. Mr. Fu is returning the shares to ZQ Power-Tech. As
a result, Advanced Battery Technologies will own 70% of the capital stock of
ZQ Power-Tech, as it did before the May 31 transaction.
Mr. Fu has agreed to contribute the patent to the capital of ZQ Power-
Tech without compensation. The patent was appraised on May 25, 2005 at a
value of $2,216,987. The patent provides ZQ Power-Tech with a core
technology that distinguishes its batteries from those of its competitors.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ADVANCED BATTERY TECHNOLOGIES, INC.
Dated: September 12, 2005 By: /s/ Zhiguo Fu
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Zhiguo Fu
Chief Executive Officer