UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of the earliest event reported): ~~November~~December 2217, ~~2011~~2012

CHISEN ELECTRIC CORPORATION

(Exact name of registrant as specified in charter)

Nevada	333-128532	20-2190950
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

No. 1188, Taihu Avenue, Changxing Economic Development Zone, Changxing, Zhejiang Province,

The People’s Republic of China

N/A

(Address of principal executive offices)

(Zip code)

Registrant's telephone number, including area code: (86) 572-6267666

Not Applicable

(Former name or former address, if changed since last report)

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:

o¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 31.~~03 Material~~01 ~~Modification~~Entry Into toA ~~Rights~~Material ofDefinitive ~~Security Holders~~Agreement.

On ~~November~~December 2217, ~~2011~~2012 (the “Effective Date”), Chisen Electric ~~Corporation~~Jiangsu Co., aLtd. ~~Nevada corporation~~ (~~the~~ “~~Company~~Borrower”), ~~has~~a ~~effected~~company aorganized ~~forward~~under ~~split~~the laws of ~~its~~The People’s ~~common~~Republic ~~stock,~~of ~~par~~China ~~value~~and ~~$0.001~~a ~~per~~98%-owned ~~share~~subsidiary ~~(“Common~~of ~~Stock”)~~Zhejiang ~~and~~Chisen ~~the~~Electric ~~proportional~~Co., ~~increase~~Ltd. in(“ZCEC”), a ~~its~~company ~~authorized~~organized ~~shares~~under ofthe ~~Common~~laws ~~Stock~~of atThe aPeople’s ~~split~~Republic ~~ratio~~ of ~~10-for-1. As~~China and a ~~result~~wholly-owned subsidiary of ~~this~~Fast ~~corporate~~More ~~action~~Limited (“Fast More”), ~~the~~a ~~total~~Hong ~~number~~Kong ofcompany ~~issued~~ and ~~outstanding~~the ~~shares~~wholly-owned subsidiary of ~~Common~~Chisen ~~Stock~~Electric ~~increased from 50~~Corporation,~~000,000~~ toa ~~500,000,000,~~Nevada ~~and~~corporation (the “Registrant”) ~~Company’s~~executed ~~authorized~~an ~~shares~~entrusted ofloan ~~Common~~agreement ~~Stock~~(the ~~simultaneously~~“Loan ~~increased~~Agreement”) ~~from~~with ~~100,000,000~~Chaowei toPower Holdings 1Limited,~~000,000,000~~ ~~shares. Shares~~a ofcompany ~~Common~~incorporated ~~Stock~~in ~~are~~the ~~payable~~Cayman ~~pursuant~~Islands towith limited liability (the ~~10-for-1~~“Lender”) ~~forward~~and ~~stock~~CITIC Trust ~~split~~Co., ~~upon~~Ltd. ~~surrender~~(the of“Lending ~~old~~Agent”) ~~certificates~~pursuant to which the ~~Company’s~~Lender ~~transfer~~shall ~~agent,~~loan ~~Interwest~~to ~~Transfer~~Chisen ~~Co.,~~Jiangsu ~~Inc.,~~RMB200 ~~1981~~million at ~~East~~an ~~Murray~~interest ~~Holladay~~rate ~~Road,~~of ~~Suite~~8% ~~100,~~per ~~P.O.~~annum ~~Box~~for ~~17136,~~a ~~Salt~~term ~~Lake~~of ~~City,~~three ~~Utah~~years ~~84117,~~(until ~~telephone~~December ~~(801~~16, 2015) ~~272-9294,~~for ~~facsimile~~general ~~(801)~~working ~~277-3147~~capital purposes.

~~There~~Interest ~~has~~is ~~been~~payable noby ~~adjustment to~~ the ~~par~~Borrower ~~value~~quarterly or ofupon ~~the~~early ~~Common~~repayment ~~Stock~~of ~~and no changes have been made to~~ the ~~Company’s~~loan. ~~preferred~~Borrower ~~stock~~shall asrepay anot ~~result~~less ofthan ~~this~~25%, ~~corporate~~50% ~~action~~and ~~(as~~75% of the ~~Effective~~outstanding ~~Date,~~principal under the loan ~~Company~~on ~~had~~or nobefore ~~shares~~the expiration of ~~preferred~~the ~~stock~~27th, ~~issued~~30th orand ~~outstanding). The~~33rd ~~Company’s~~months ~~Board~~from ofthe ~~Directors~~Effective ~~approved~~Date, ~~this~~with ~~corporate~~balance ~~action~~repayable ~~however~~in ~~shareholder~~full ~~approval~~upon expiration ~~was~~of ~~not~~the ~~required pursuant to Sections 78~~loan.~~207~~ ~~and~~After ~~78.209~~release of the ~~Nevada~~first ~~Revised~~installment ~~Statutes~~of ~~(“NRS”). In~~the ~~accordance~~loan ~~with~~to the ~~NRS~~Borrower, the ~~Company~~Borrower ~~filed~~can, aby ~~“Certificate~~advance ofwritten notice, ~~Change~~repay ~~Pursuant~~all toor ~~Section~~part ~~78.209”~~of ~~with~~ the ~~Nevada~~loan. ~~Secretary~~Borrower ofand ~~State~~ZCEC ~~which~~shall ~~became~~assume ~~effective~~joint ~~after~~and ~~the~~several ~~Financial~~obligations ~~Industry~~regarding ~~Regulatory~~the ~~Authority~~repayment ~~announced~~ of the ~~effectiveness~~principal and interest of the ~~corporate action~~loan. ~~Please~~ ~~note~~Upon ~~that~~receipt asof ainterest ~~result~~or ofprincipal, the ~~forward~~Lending ~~stock~~Agent ~~split,~~shall onpay the ~~Effective~~same ~~Date~~amount ato ~~“D”~~the Lender ~~will~~within betwo ~~appended~~business todays ~~the~~after ~~Company’s~~deduction ~~stock~~of ~~symbol~~an ~~for~~agreed 20fee ~~business~~to ~~days~~be ~~(including~~charged by the ~~Effective~~Lending ~~Date)~~Agent.

~~Item~~In ~~5.03 Amendment~~addition to ~~Articles~~the joint and several repayment obligations assumed by the Borrower and ZCEC, the full repayment of ~~Incorporation~~the orloan, ~~Bylaws;~~the ~~Change~~interest and the relevant expenses shall be secured by: (a) a pledge of 98% equity interest in ~~Fiscal~~the ~~Year~~Borrower by ZCEC for a term commencing from the date of approval of such pledge by the competent governmental authority up to the expiration of the limitation period for action by the Lending Agent under the Loan Agreement and a joint payment agreement (together with the Loan Agreement, the “Transaction Documents”), (b) a pledge of 100% equity interest in ZCEC by Fast

~~Please~~More ~~see~~for ~~Item~~a ~~3.03~~term ~~above.~~commencing from the date of approval of such pledge by the competent governmental authority up to the expiration of the limitation period for action by the Lending Agent under the Transaction Documents, (c) floating charges over the current and future inventory of each of the Borrower and ZCEC for a term commencing from the approval of such floating charges by the competent governmental authority up to the expiration of the limitation period for action by the Lending Agent under the Transaction Documents, (d) chattel charges over all the machinery and equipment of each

of the Borrower and ZCEC for a term commencing from the approval of such chattel charges by the competent governmental authority up to the expiration of the limitation period for

action by the Lending Agent under the Transaction Documents and (e) personal guarantee by Mr. Xu Kecheng, the Chairman of the Board, President, Chief Executive Officer and a stockholder of the Registrant, for a term of two years from the expiration of the Transaction Documents. The Lending Agent shall charge a handling fee of RMB2 million per annum which shall be paid by the Lender upon the expiration of each year.

The Borrower has also agreed that, during the term of the Loan Agreement: (a) it shall not increase its registered capital or total investment in any form unless agreed by the Lender in writing, except for investment into the Borrower made by the Lender; (b) it shall accept investment proposals from the Lender; (c) the Lender shall have the right to appoint one director to the board of directors of the Borrower; and (d) it shall amend its articles of association to confirm the director appointment by the Lender. English translated versions of the Transaction Documents will be filed by the Registrant by amendment to this report.

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Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.	Item	Location
Exhibit 3.1	Certificate of Change Pursuant to Section 78.209, filed with the Nevada Secretary of State	Provided herewith
Exhibit 10.1	Entrusted Loan Agreement, dated December 17, 2012, by and among Chaowei Power Holdings Limited, CITIC Trust Co., Ltd. and Chisen Electric Jiangsu Co., Ltd. and all material related documents thereto	To be filed by amendment

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 28, 2011	CHISEN ELECTRIC CORPORATION
Date: December 18, 2012	CHISEN ELECTRIC CORPORATION
	By:	/s/ Xu Kecheng
	Name:	Xu Kecheng
	Its:	Chief Executive Officer

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