CONFIDENTIAL TREATMENT REQUESTED BY HIGHPOWER INTERNATIONAL, INC.

Exhibit 10.1(a)

Confidential Portions of this Exhibit marked as [***] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.

Supplementary Agreement (I)
to Capital Increase Agreement of Yipeng Energy Technology Co. Ltd.

Party A (Current Investor): Huizhou Highpower Technology Co. Ltd.

Address: Xinhu Industrial Development Area, Ma’an Town, Huicheng District, Huizhou City, Guangdong Province

Legal Representative: Pan Dangyu

Party B (Founding Team): (the following members are hereinafter referred to collectively as “Party B”)

Name: Shenzhen Jinpenglong Traffic Technology Co. Ltd.

Address: East 6H18, 6/F, Shenhua Technology Industrial Park, Meihua Road, Futian District, Shenzhen

Legal Representative: Xx Xxxx

Organization Code Certificate No.: 69712844-1

Name: Xx Xxxx

Address: No. 25, 2nd Door, Xxxx. 00, Xx. X0, Xxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx

Name: Shu Jianqin

Address: Fangjiaju Street, Fangjiaju Villiage, Yingshan County, Hubei Province

Party C (Investors): (the following members are hereinafter referred to collectively as “Party C”)

Name: Beijing Defengjie Fuhua Venture Investment Fund Management Center (limited partnership)

Address: Xxxx 00, 0/X, Xxxx. 00, Xx. 00, Xxxxxx Xxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx

Unified Social Credit Code: 91110108318078553P

Name: Qu Jingdong

Address: Xx. 000, 0xx Xxxx, Xxxx. 00, Xxxxxxx Digital Park, An’ning Zhuang, Haidian District, Beijing

Name: Xxxx Xxxxxx

Address: Zhongguancun South Street, Haidian District, Beijing

Party D: Huizhou Yipeng Energy Technology Co. Ltd. (“Party D” or “the Target Company”)

Address: (Workshop Building B1) Xx. 0, Xxxxxxx Xxxx, Xx’an Town, Huicheng District, Huizhou

Legal Representative: Xx Xxxx

Party A, Party B, Party C and Party D are hereinafter referred to collectively as “the Parties” and individually as “one Party”.

This Agreement is made and entered into amongst the foregoing Parties in Huizhou June 30, 2016.

Whereas: The Parties made and entered into the “Capital Increase Agreement of Yipeng Energy Technology Co. Ltd.” (hereinafter referred to as the Capital Increase Agreement) on June 30, under which Party A shall increase capital investment to Party D, and Party B and Party C are Party D’s shareholders.

IN WITNESS WHEREOF, the Parties agree as follows:

Article 1: Whereas Beijing Defengjie Fuhua Venture Investment Fund Management Center (limited partnership) (hereinafter referred to as Defengjie) and Qu Jingdong provide relevant financial consultancy service for the Parties in this capital increase, the Parties agree to make payment in cash or donate shares to Defengjie and Qu Jingdong in proportion to their respective shareholdings. Within ten (10) working days as of the date of signature of this Agreement, Party A shall pay Defengjie or the agency designated by Defengjie RMB125,000.00 (in words: One Hundred and Twenty-Five Thousand Yuan Only); Shenzhen Jinpenglong Traffic Technology Co. Ltd. shall donate its 0.434% equity held in Party D to Qu Jingdong; Xx Xxxx shall donate his 0.119% equity held in Party D to Qu Jingdong; Shu Jianqin shall donate his 0.206% equity held in Party D to Qu Jingdong; and Yangli shall donate his 0.055% equity held in Party D to Qu Jingdong.

Article 2: The shareholding proportions of Party D’s shareholders at the industrial and commercial change shall be subject to the shareholding proportions after donation as indicated in the following table.

Shareholder structure before and after donation:

	Before					After
Shareholder	Amount of capital contribution		Ratio			Amount of capital contribution		Ratio			Payment in cash		Equity donated

Huizhou Highpower Technology Co. Ltd.		121,125,000		50	%		121,250,000		50	%		-125,000

Shenzhen Jinpenglong Traffic Technology Co. Ltd.		51,000,000		21.053	%		50,000,000		20.619	%			-0.434	%

Xx Xxxx		14,025,000		5.789	%		13,750,000		5.67	%			-0.119	%

Shu Jianqin		24,225,000		10	%		23,750,000		9.794	%			-0.206	%

Beijing Defengjie Fuhua Venture Investment Fund Management Center (limited partnership)		12,750,000		5.263	%		15,000,000		6.185	%

Qu Jingdong		12,750,000		5.263	%		12,500,000		6.077	%			+0.814	%

Xxxx Xxxxxx		6,375,000		2.632	%		6,250,000		2.577	%			-0.055	%

Total		242,250,000		100	%		242,500,000		100	%			0

Article 3: The Parties agree to, in the next three years, commonly push forward Party D’s listed transactions in domestic securities market or seek for acquiring Party D by a company including but not limited to a listed company of main board.

Article 4: Liability for breach of contract.

(1) If Party A fails to make payment to Beijing Defengjie Fuhua Venture Investment Fund Management Center (limited partnership) pursuant to Article 3 herein, Party A shall pay Beijing Defengjie Fuhua Venture Investment Fund Management Center (limited partnership) 3‰ of the total amount payable as late fee per day. If such delay exceeds thirty days, Party A shall also pay 30% of the total amount payable as penalty;

(2) If one Party breaks this Agreement (“the defaulting party” and causes losses to the other party (“the observant party”), the defaulting party shall make full compensation for all the losses caused to the observant party.

Article 5: Provisions on restricting horizontal competition.

Whereas [***] is a BMS supplier of Party D and some shareholder of Party D is a shareholder of [***], to avoid competition with Party D after [***] carries out PACK business in the future, Party D promises to sign a non-competition agreement in the name of Party D with [***] and, agreed in the agreement, [***] shall not carry out PACK business in the future and not sell its BMS to Party D’s competitor [***] and [***].

Where needed in the future, Party D may purchase [***] at a reasonable price, which is a second consideration. The Parties agree that the reasonable estimate of [***] will not be higher than [***] by [***], and Party D may purchase [***] equity of [***] at a price not exceeding the estimated value.

Article 6: Allocation and depreciation of the equipment Party A invests Party D.

Party A and Party D agree that the depreciation expenses of the power equipment Party A invests Party D shall be calculated according to ten years.

Article 7: In case of any discrepancy between a document and/or an agreement signed by the Parties and this Agreement prior to signature of this Agreement, this Agreement shall prevail. The Parties have the obligation to amend the document and/or agreement signed to ensure consistency with this Agreement. In case of matters concerned in an agreement signed by the Parties and provided herein, this Agreement shall prevail. All clauses in conflict with the stipulations of this Agreement shall be invalid.

Article 8: All aspects of this Agreement shall be governed by laws of the People’s Republic of China.

Article 9: A dispute arising from the execution of this Agreement may be submitted by one Party to Huizhou Arbitration Committee for arbitration according to the current effective arbitration rules of the Committee. Arbitration shall be made in Chinese in Huizhou. The arbitral award shall be final and binding upon the Parties.

Article 10: This Agreement is made out in eight originals for the Parties hereto each holding one, which shall be equally authentic.

Article 11: This Agreement shall be established and come into force as of the date of signature of the Parties.

(The remainder of this page is intentionally left blank.)

Party A: Huizhou Highpower Technology Co. Ltd. (Seal)

Legal Representative/Authorized Representative: (Signature): /s/ Pan Dangyu

Party B: (the following members are hereinafter referred to collectively as “Party B”)

Name: Shenzhen Jinpenglong Traffic Technology Co. Ltd. (Seal)

Legal Representative/Authorized Representative: (Signature): /s/ Xx Xxxx

Name: Xx Xxxx Signature: /s/ Xx Xxxx

Name: Shu Jianqin Signature: /s/ Shu Jianqin

Party C: (the following members are hereinafter referred to collectively as “Party C”)

Name: Beijing Defengjie Fuhua Venture Investment Fund Management Center (limited partnership) (Seal)

Legal Representative/Authorized Representative: (Signature): /s/ Qu Jingdong

Name: Qu Jingdong Signature: /s/ Qu Jingdong

Name: Xxxx Xxxxxx Signature: /s/ Xxxx Xxxxxx

Party D: Huizhou Yipeng Energy Technology Co. Ltd. (Seal)

Legal Representative/Authorized Representative: (Signature): /s/ Xx Xxxx

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CONFIDENTIAL TREATMENT REQUESTED BY HIGHPOWER INTERNATIONAL, INC.

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