Citadel Equity Fund Ltd. c/o Citadel Investment Group (Hong Kong) Limited Chater House, 18th Floor
Citadel
Equity Fund Ltd.
c/o
Citadel Investment Group (Hong Kong) Limited
Xxxxxx
Xxxxx, 00xx Xxxxx
0
Xxxxxxxxx Xxxx
Xxxxxxx,
Xxxx Xxxx
March
19,2007
Harbin
Electric, Inc.
No.
9 Ha
Ping Xi Lu Ji Zong Qu
Xxxxxx
Xxx Xx Xx
Xxxxxx
150060 China
Xx.
Xxxx
Tianfu
c/o
Harbin Electric, Inc.
No.
9 Ha
Ping Xi Lu Ji Zong Qu
Xxxxxx
Xxx Xx Xx
Xxxxxx
150060 China
Re: Notice
of Termination of the Voting Agreement
Reference
is made to the Voting Agreement, dated August 30, 2006 (the "Voting Agreement"),
by and among Harbin Electric, Inc. (the "Company"), Citadel Equity Fund Ltd.
and
Xx. Xxxx Tianfu.
We
hereby
notify you that, pursuant to Section 3.1 of the Voting Agreement, the
Voting
Agreement shall be terminated effectively immediately upon receipt of this
letter by you. We confirm and notify that all of Citadel's Nominees (as defined
in the Voting Agreement) have resigned
from the Company's board of directors on or prior to the date of this
letter.
[Signature
Page to Follow]
Very
truly yours,
CITADEL
EQUITY FUND LTD.
|
By:
|
Citadel
Limited Partnership, its Portfolio
Manager
|
|
By:
|
Citadel
Investment Group, L.L.C., its Genital
Partner
|
By:
/s/ Xxxxxx Xxxx
Name:
Xxxxxx Xxxx
Title:
Authorized Signatory
Acknowledged
and Agreed:
HARBIN
ELECTRIC, INC.
By:
/s/ Yang Tianfu
Name:
Title:
___________________________________
Xx.
Xxxx
Tianfu
