<SEC-DOCUMENT>0001144204-12-023901.txt : 20120426
<SEC-HEADER>0001144204-12-023901.hdr.sgml : 20120426
<ACCEPTANCE-DATETIME>20120426102047
ACCESSION NUMBER:		0001144204-12-023901
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110628
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
FILED AS OF DATE:		20120426
DATE AS OF CHANGE:		20120426

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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34625
		FILM NUMBER:		12781873

	BUSINESS ADDRESS:	
		STREET 1:		12TH FLOOR, TOWER A, CHANG AN INTL BLDG
		STREET 2:		NO. 88 NAN GUAN ZHENG XIE
		CITY:			XI AN CITY, SHAN XI PROVINCE
		STATE:			F4
		ZIP:			710068
		BUSINESS PHONE:		86-29-8765-1097

	MAIL ADDRESS:	
		STREET 1:		12TH FLOOR, TOWER A, CHANG AN INTL BLDG
		STREET 2:		NO. 88 NAN GUAN ZHENG XIE
		CITY:			XI AN CITY, SHAN XI PROVINCE
		STATE:			F4
		ZIP:			710068

	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/A
<SEQUENCE>1
<FILENAME>v310694_8ka.htm
<DESCRIPTION>8-K/A
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT><B><FONT STYLE="font-size: 18pt"><BR>
</FONT><FONT STYLE="font-size: 10pt">Washington, DC 20549</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 8-K/A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Amendment No. 2)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of The Securities Exchange Act of 1934<BR>
Date of Report (Date of earliest event reported):</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>June 28, 2011</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>CHINA RECYCLING
ENERGY CORPORATION</B></FONT><B><FONT STYLE="font-size: 18pt"><BR>
</FONT><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 5%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; font-weight: bold; text-align: center">000-12536</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; font-weight: bold; text-align: center">90-0093373</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">(IRS Employer Identification No.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">12/F, Tower A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Chang An International Building</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">No. 88 Nan Guan Zheng Jie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Xi An City, Shan Xi Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">China 710068<BR>
<FONT STYLE="color: black"><B>&nbsp;(Address of principal executive offices, including zip code)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(86-29) 8769-1097<BR>
<FONT STYLE="color: black"><B>(Registrant&rsquo;s telephone number, including area code)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Not Applicable<BR>
<B>(Former name or former address, if changed since last report.)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 3%; font-family: Wingdings 2; padding: 0; text-indent: 0">&pound;</TD>
    <TD STYLE="width: 97%; padding: 0; text-indent: 0">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings 2; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings 2; padding: 0; text-indent: 0">&pound;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings 2; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings 2; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings 2; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings 2; padding: 0; text-indent: 0">&pound;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Explanatory Note</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">China Recycling
Energy Corporation (the &ldquo;Company&rdquo;) is filing this Amendment No.&nbsp;2 (this &ldquo;Amendment&rdquo;) to amend
its Current Report on Form 8-K, initially filed with the Securities and Exchange Commission on July 11, 2011, and amended in
connection with correcting certain typographical errors on July 13, 2011 (together, the &ldquo;Original 8-K&rdquo;). The
purpose of this Amendment is to remove from the Original 8-K Item 2.01 (&ldquo;Completion of Acquisition or Disposition of
Assets&rdquo;), which was voluntarily  included in the Original 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">The Company re-evaluated
the transaction described under Item 1.01 (&ldquo;Entry into a Material Definitive Agreement&rdquo;), and incorporated by reference
under Item&nbsp;2.01 of the Original 8-K, and determined that the amount of assets involved in the transaction was not &ldquo;significant&rdquo;
as defined under Item 2.01 and under Regulation S-X and therefore the transaction does not need to be reported under Item&nbsp;2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">This Amendment reports
events as of the filing date of the Original 8-K and does not reflect events that may have occurred subsequent to the original
filing date, and except as described above, no other changes have been made to the Original 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 1.01 Entry into a Material Definitive
Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 28, 2011, Xi&rsquo;an
TCH Energy Technology Co., Ltd&nbsp;&nbsp;(&ldquo;Xi&rsquo;an TCH&rdquo;), a wholly owned subsidiary of China Recycling Energy
Corporation (the &ldquo;Company&rdquo;) entered into a Financial Leasing Agreement (the &ldquo;Leasing Agreement&rdquo;) with Cinda
Financial Leasing Co., Ltd. (the &ldquo;Cinda Financial&rdquo;), an affiliate of China Cinda (HK) Asset Management Co., Ltd. (the
&ldquo;Cinda HK&rdquo;) which holds certain convertible notes of the Company and has appointed an executive director of Cinda HK
to the Board of the Directors of the Company according to a Notes Purchase Agreement between Xi&rsquo;an TCH and Cinda HK on August
18, 2010, disclosed in the Form 8-K filed on August 20, 2010.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under Leasing Agreement,
Xi&rsquo;an TCH transfers its ownership of a set of 7MW steam turbine waste heat power generation system and four furnaces and
its ancillary apparatus (the &ldquo;Assets&rdquo;) to Cinda Financial for a consideration of RMB 42.50 million (approximately US$6.64
million), and Cinda Financial in turn leases the Assets to Xi&rsquo;an TCH for a term of 5 years with an overall leasing fee of
RMB 51.54 million (approximately US$8.05 million) based upon the transfer cost and the benchmark interest rate for five year loans
by People&rsquo;s Bank of China (&ldquo;PBOC&rdquo;) (presently 6.65% per annum) plus 15% of that rate (which at present rate will
result in an interest rate of 7.6475%).&nbsp;&nbsp;The interest rate will increase if the five year benchmark interest rate of
PBOC increases but will remain the same if the benchmark rate decreases in the future.&nbsp;&nbsp;Xi&rsquo;an TCH shall make pro
rata quarterly payments to Cinda Financial for the leasing fees. Upon the completion of the leasing term and full payment of all
leasing fees and other fees, Xi&rsquo;an TCH can pay RMB4,250 (approximately US$664) to acquire the ownership of the Assets as
is at the end of the lease.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition to the
leasing fees, Xi&rsquo;an TCH shall pay a one time non-refundable leasing service charge of RMB2,550,000 (approximately US$398,438)
and a refundable security deposit of RMB 2,125,000 (US$332,031) to Cinda Financial.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon its execution
of the Leasing Agreement, Cinda Financial has paid entire transfer price of RMB 42.50 million to Xi&rsquo;an TCH and Xi&rsquo;an
TCH has transferred the ownership of the Assets to the Cinda Financial. The Assets have been in the possession of and used by Xi&rsquo;an
TCH and will continue to be possessed and used by Xi&rsquo;an TCH under Leasing Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Xi&rsquo;an TCH also
entered into a Pledge Agreement with Cinda Financial and uses its electricity fee income to guarantee its obligations under Leasing
Agreement and Mr. Guohua Ku, the Chairman and CEO of the Company provides his personal guarantee for Xi&rsquo;an TCH to implement
its obligations under Leasing Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 2.03 Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">See Item 1.01 above, which is incorporated
herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 53%; padding-right: 0; padding-left: 0; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 47%; padding-right: 0; padding-left: 0; font-weight: bold">China Recycling Energy Corporation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">Dated: April 26, 2012</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><U>/s/ <FONT STYLE="color: black">David Chong&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="color: black">David Chong<BR>
</FONT>Chief Financial Officer and Secretary </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

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