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<SEC-DOCUMENT>0001010549-08-000175.txt : 20080312
<SEC-HEADER>0001010549-08-000175.hdr.sgml : 20080312
<ACCEPTANCE-DATETIME>20080312161721
ACCESSION NUMBER:		0001010549-08-000175
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080312
ITEM INFORMATION:		Changes in Registrant.s Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080312
DATE AS OF CHANGE:		20080312

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA RECYCLING ENERGY CORP
		CENTRAL INDEX KEY:			0000721693
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				900093373
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12536
		FILM NUMBER:		08683764

	BUSINESS ADDRESS:	
		STREET 1:		429 GUANGDONG ROAD
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200001
		BUSINESS PHONE:		86-21 6336-8686

	MAIL ADDRESS:	
		STREET 1:		429 GUANGDONG ROAD
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHINA DIGITAL WIRELESS INC
		DATE OF NAME CHANGE:	20040810

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BOULDER ACQUISITIONS  INC
		DATE OF NAME CHANGE:	20020430

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BOULDER BREWING CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>creg031208form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>

<head>
<title>China Recycling Energy Corporation: Form 8-K</title>
</head>

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<body>

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<b><font size="5">UNITED STATES <br>
SECURITIES AND EXCHANGE COMMISSION <br>
</font><font size="2">Washington, DC 20549 <br>
</font>____________________</b></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="5">FORM 8-K</font></b><b><br>
____________________</b></p>


<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="2">CURRENT REPORT </font></b></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="2">Pursuant to Section&nbsp;13 or 15(d) of The Securities Exchange Act
of 1934 </font></b></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="2">Date of Report (Date of earliest event reported): <br>
March 12, 2008</font></b></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="5">CHINA RECYCLING ENERGY CORPORATION <br>
</font><font size="2">(Exact name of registrant as specified in its charter)
</font></b></p>
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    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <b>Nevada</b></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    <p style="font-size: 7.5pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <b>000-12536</b></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    <p style="font-size: 7.5pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <b>90-0093373</b></td>
  </tr>
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <font size="2">(State or other jurisdiction of incorporation)</font></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    <p style="font-size: 7.5pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <font size="2">(Commission File Number)</font></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    <p style="font-size: 7.5pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <font size="2">(IRS Employer Identification No.)</font></td>
  </tr>
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    </td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    </td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    </td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    </td>
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    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="30%" height="15">
    <font FACE="Times New Roman" SIZE="2"><b>0000721693</b></font><font FACE="Times New Roman" LANG="JA" SIZE="2">
    </font></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="5%" height="15">
    </td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="30%" height="15">
    <font FACE="Times New Roman" SIZE="2"><b>4911-Eletric Services</b></font><font FACE="Times New Roman" LANG="JA" SIZE="2">
    </font></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="5%" height="15">
    </td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="30%" height="15">
    <font FACE="Times New Roman" SIZE="2"><b>06628887</b></font><font FACE="Times New Roman" LANG="JA" SIZE="2">
    </font></td>
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    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="30%" height="15">
    <font FACE="Times New Roman" size="2">(Central Index Key)</font><font FACE="Times New Roman" LANG="JA" size="2">
    </font></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="5%" height="15">
    </td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="30%" height="15">
    <font FACE="Times New Roman" size="2">(Standard Industrial Classification)</font><font FACE="Times New Roman" LANG="JA" size="2">
    </font></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="5%" height="15">
    </td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="center" width="30%" height="15">
    <font FACE="Times New Roman" size="2">(Film Number.)</font><font FACE="Times New Roman" LANG="JA" size="2">
    </font></td>
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  </table>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b>429 Guangdong Road<br>
Shanghai 200001<br>
People's Republic of China<br>
</b><font size="2">&nbsp;(Address of principal executive offices, including zip code)
</font></p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b>(86-21) 6336-8686 <br>
</b><font size="2">(Registrant's telephone number, including area code) </font>
</p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b>Not Applicable <br>
</b><font size="2">(Former name or former address, if changed since last report.)
</font></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="justify">
<font size="2">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 (see General Instruction A.2. below): </font>
</p>
<font lang="JA" face="Wingdings 2" size="3">
<p>&#163;</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font>
<font lang="JA" face="Sim Sun" size="3"></p>
</font><font lang="JA" face="Wingdings" size="3">
<p><font lang="JA" face="Wingdings 2" size="3">&#163;</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman" size="2">Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font>
<font lang="JA" face="Sim Sun" size="3"></p>
</font><font lang="JA" face="Wingdings" size="3">
<p><font lang="JA" face="Wingdings 2" size="3">&#163;</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman" size="2">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) </font><font lang="JA" face="Sim Sun" size="3"></p>
</font><font lang="JA" face="Wingdings" size="3">
<p><font lang="JA" face="Wingdings 2" size="3">&#163;</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman" size="2">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) </font></p>
<hr color="#000000" SIZE="5"><p style='page-break-before:always'><font FACE="Times New Roman" SIZE="2"><b>
<p dir="ltr">Item 4.01 Change in Registrant's Certifying Accountant </p>
</b>
<p dir="ltr" align="justify">(a) Previous independent registered public
accounting firm </p>
<p dir="ltr" align="justify">On March 12, 2008, Zhong Yi (Hong Kong) C.P.A.
Company Limited (&quot;Zhong Yi&quot;) resigned as the certifying accounting firm for the
Company and its subsidiaries effective immediately. Zhong Yi 's audit report of
the Company's consolidated financial statements for the fiscal year ended
December 31, 2006 and for the interim period of 2007 did not contain any adverse
opinion or a disclaimer of opinion, or was qualified or modified as to
uncertainty, audit scope or accounting principles At no time during the period
that Zhong Yi was the Company's certifying accountant were there any
disagreements with the Company on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures,
which disagreements, if not resolved to the satisfaction of Zhong Yi, would have
caused Zhong Yi to make reference to the subject matter of such disagreements in
connection with its report on the Company's financial statements. In addition,
no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K,
occurred during the Company's most recent fiscal years and the subsequent
interim period through the date of Zhong Yi 's resignation. The Company provided
Zhong Yi with a copy of this Current Report on Form 8-K prior to its filing with
the Securities and Exchange Commission and requested that Zhong Yi furnish a
letter addressed to the Commission stating whether or not Zhong Yi agrees with
the statements noted above. A copy of Zhong Yi 's letter responding to that
request, dated March 12, 2008, is attached as Exhibit 16.1 to this Current
Report on Form 8-K. </p>
<p dir="ltr" align="justify">(b) New independent registered public accounting
firm </p>
<p dir="ltr" align="justify">Effective March 12, 2008 the Company's board of
directors approved the selection of Goldman Parks Kurland Mohidin-GPKM, LLP (&quot;GPKM&quot;)
as its independent registered public accounting firm. During the Company's most
recent fiscal years and the interim period through the date of this report,
neither the Company nor anyone on its behalf has consulted with GPKM regarding
any of the matters referenced in Item 304(a)(2) of Regulation S-K. </p>
<p dir="ltr" align="justify"><b>Item 9.01 Financial Statements and Exhibits </b>
</p>
</font>
<p><font size="2">(d) Exhibits </font></p>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="AutoNumber1" dir="ltr">
  <tr>
    <td width="1%" colspan="2" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" dir="ltr">
    <p dir="ltr"><b><font size="2">Exhibit No. </font></b></td>
    <td width="1%" style="border-style: none; border-width: medium" dir="ltr">
    <p dir="ltr">&nbsp;</td>
    <td width="98%" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" dir="ltr">
    <p dir="ltr"><b><font size="2">Description </font></b></td>
  </tr>
  <tr>
    <td width="1%" style="border-top-style: solid; border-top-width: 1" dir="ltr">
    <p style="margin-left: 35pt" dir="ltr">&nbsp;</td>
    <td width="0%" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" dir="ltr">
    <p style="margin-left: 35pt" dir="ltr">&nbsp;</td>
    <td width="1%" style="border-style: none; border-width: medium" dir="ltr">
    <p style="margin-left: 30pt" dir="ltr">&nbsp;</td>
    <td width="98%" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" dir="ltr">
    <p dir="ltr">&nbsp;</td>
  </tr>
  <tr>
    <td width="1%" valign="top" colspan="2" style="border-right-style: none; border-right-width: medium" dir="ltr" bgcolor="#E9F1F8">
    <p dir="ltr"><font size="2">
    <a href="creg031208exh161.htm" style="text-decoration: none">16.1 </a>
    </font></td>
    <td width="1%" valign="top" style="border-style: none; border-width: medium" dir="ltr" bgcolor="#E9F1F8">
    <p dir="ltr">&nbsp;</td>
    <td width="98%" valign="top" style="border-left-style: none; border-left-width: medium" dir="ltr" bgcolor="#E9F1F8">
    <p dir="ltr"><font size="2">
    <a href="creg031208exh161.htm" style="text-decoration: none">Letter from
    Zhong Yi (Hong Kong) C.P.A. Company Limited to the Securities and Exchange
    Commission Dated on March 12, 2008. </a></font></td>
  </tr>
</table>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt" dir="ltr">
<br>
&nbsp;</p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt" align="center">
<b>SIGNATURES </b></p>
<p style="font-size: 10pt; color: #000000; text-indent: 24.5pt; line-height: 12pt; margin-left: 0pt; margin-top: 7.5pt; margin-bottom: 0pt; padding: 0pt">
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. </p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt">
&nbsp;</p>
<table style="border-collapse: collapse; margin-left: 0pt" borderColor="#111111" cellSpacing="0" cellPadding="0" width="100%">
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin: 0pt; padding: 0pt" align="center">
    China Recycling Energy Corporation</td>
  </tr>
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    &nbsp;</td>
  </tr>
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin: 0pt; padding: 0pt">
    Date: March 12, 2008</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; border-bottom: 0.75pt solid #000000; margin-left: 0pt; margin-right: 0pt; margin-top: 4.15pt; margin-bottom: 0.65pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; padding-bottom: 3pt" align="center">
    /s/Guangyu Wu</td>
  </tr>
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin: 0pt; padding: 0pt" align="center">
    Guangyu Wu</p>
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin-left: 0pt; margin-right: 0pt; margin-top: 0pt; margin-bottom: 0.65pt; padding: 0pt" align="center">
    Chief Executive Officer</td>
  </tr>
</table>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt">
&nbsp;</p>
<p style="font-size: 12pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt">
&nbsp;</p>
<hr color="#000000" SIZE="5"><p style='page-break-before:always'>

<p style="color: #000000" align="center"><b><font size="2">EXHIBIT INDEX</font></b></p>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="AutoNumber2">
  <tr>
    <td width="1%" colspan="2" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1">
    <b><font size="2">Exhibit No. </font></b></td>
    <td width="1%" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="98%" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1">
    <b><font size="2">Description </font></b></td>
  </tr>
  <tr>
    <td width="1%" style="border-top-style: solid; border-top-width: 1">
    <p style="margin-left: 35pt">&nbsp;</td>
    <td width="0%" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1">
    <p style="margin-left: 35pt">&nbsp;</td>
    <td width="1%" style="border-style: none; border-width: medium">
    <p style="margin-left: 30pt">&nbsp;</td>
    <td width="98%" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1">&nbsp;</td>
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    16.1 </a></font></td>
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    Letter from Zhong Yi (Hong Kong) C.P.A. Company Limited to the Securities
    and Exchange Commission Dated on March 12, 2008. </a></font></td>
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<TYPE>EX-16.1
<SEQUENCE>2
<FILENAME>creg031208exh161.htm
<DESCRIPTION>EXHIBIT 16.1
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<title>China Recycling Energy Corporation: Exhibit 16.1</title>
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<p align="center">Letter Head of Zhong Yi (Hong Kong) C.P.A. Company Limited </p>
<p align="justify">March 12, 2008 </p>
<p align="justify">Securities and Exchange Commission <br>
100 F Street, NE <br>
Washington, D.C. 20549 </p>
<p align="justify">RE: China Recycling Energy Corporation </p>
<p align="justify">Dear Commissioners: </p>
<p align="justify">We have read the statements included in the Form 8-K of China
Recycling Energy Corporation dated March 12, 2008, to be filed with the
Securities and Exchange Commission and are in agreement with the statements
contained in Item 4.01 insofar as they relate to the dismissal of our firm as
the registrant's independent registered public accounting firm and our audit for
the year ended December 31, 2006, and the review for interim period ended March
31, 2007, June 30, 2007 and September 30, 2007. We had no disagreement with
China Recycling Energy Corporation for the interim period up to March 12, 2008.
</p>
<p align="justify">Very truly yours, </p>
<p align="justify"><u>/s/ Zhong Yi (Hong Kong) C.P.A. Company Limited&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
</u>Zhong Yi (Hong Kong) C.P.A. Company Limited </p>
<p align="justify">Hong Kong, China </p>
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