<SEC-DOCUMENT>0001213900-20-010878.txt : 20200504
<SEC-HEADER>0001213900-20-010878.hdr.sgml : 20200504
<ACCEPTANCE-DATETIME>20200504125204
ACCESSION NUMBER:		0001213900-20-010878
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200429
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200504
DATE AS OF CHANGE:		20200504

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
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34625
		FILM NUMBER:		20843772

	BUSINESS ADDRESS:	
		STREET 1:		4/F, TOWER C, RONG CHENG YUN GU BUILDING
		STREET 2:		KEJI 3RD ROAD, YANTA DISTRICT
		CITY:			XI'AN CITY, SHAANXI PROVINCE
		STATE:			F4
		ZIP:			710075
		BUSINESS PHONE:		86-29-8765-1097

	MAIL ADDRESS:	
		STREET 1:		4/F, TOWER C, RONG CHENG YUN GU BUILDING
		STREET 2:		KEJI 3RD ROAD, YANTA DISTRICT
		CITY:			XI'AN CITY, SHAANXI PROVINCE
		STATE:			F4
		ZIP:			710075

	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>ea121336-8k_chinarecycling.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</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"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0 auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<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>FORM 8-K</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>CURRENT REPORT</B></P>

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

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Date of Report (Date of earliest event reported): April 29,
2020</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: center"><B><U>CHINA RECYCLING ENERGY CORPORATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&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="border-bottom: Black 1.5pt solid; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Nevada</FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">001-34625</FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">90-0093373</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of incorporation)</P></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission File Number)</P></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: top; width: 49%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">4/F,
        Tower C</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Rong Cheng Yun Gu Building</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Keji 3<SUP>rd</SUP> Road, Yanta District</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Xi&rsquo;an City, Shaanix Providence, China</P></TD>
    <TD STYLE="vertical-align: top; width: 2%; padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; width: 49%; text-align: center">710075</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Registrant&rsquo;s telephone number, including area code: <U>(86-29)
8765-1097&#9;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&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="border-bottom: Black 1.5pt solid; width: 100%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">N/A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Former name or former address, if changed since last report)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<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">Securities registered pursuant to Section
12(b) of the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&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="vertical-align: bottom; border-bottom: Black 1.5pt solid; width: 32%; text-align: center"><FONT STYLE="font-size: 10pt">Title of each class</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.5pt; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; width: 32%; text-align: center"><FONT STYLE="font-size: 10pt">Trading Symbol(s)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.5pt; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; width: 32%; text-align: center"><FONT STYLE="font-size: 10pt">Name of each exchange on which registered</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Common Stock, par value $0.001 per share</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">CREG</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Nasdaq Stock Market</FONT></TD></TR>
</TABLE>
<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">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</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 0pt 2.5in; text-align: right; text-indent: 0.5in">Emerging growth
company <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></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">If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

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


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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; text-align: justify"><B><BR>
Section 7 &ndash; Regulation FD</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-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><B>Item
7.01 Regulation FD Disclosure.</B></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 4, 2020, China Recycling Energy Corporation (the &quot;Company&quot;)
issued a press release with respect to the letter received on April 29, 2020 from the Listing Qualifications Department of the
Nasdaq Stock Market Inc. (the &ldquo;Nasdaq&rdquo;). The text of the press release is furnished as Exhibit 99.1 and incorporated
herein by reference.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information in this Item 7.01 of this Current Report, including
Exhibit 99.1 attached hereto, is being furnished and shall not be deemed &ldquo;filed&rdquo; for the purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), nor shall it be deemed incorporated by reference
in any of the Company&rsquo;s filings under the Securities Act, or the Exchange Act, whether made before or after the date hereof,
except as shall be expressly set forth by specific reference to this Form 8-K in such filing.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This filing includes &ldquo;forward-looking statements.&rdquo;
All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements.
Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks
and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable,
the Company can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks
and uncertainties that affect the Company&rsquo;s operations, financial performance, and other factors as discussed in the Company&rsquo;s
filings with the Securities and Exchange Commission (&ldquo;SEC&rdquo;). Among the factors that could cause results to differ materially
are those risks discussed in the periodic reports the Company files with the SEC. You are urged to carefully review and consider
the cautionary statements and other disclosures made in those filings, specifically those under the heading &ldquo;Risk Factors.&rdquo;
The Company does not undertake any duty to update any forward-looking statement except as required by law.</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"><B>Section 8 - Other Events</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"><B>Item 8.01 Other Events.</B></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April 29, 2020, the Company received a letter from Nasdaq
confirming that the Company regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq
Listing Rules. For ten consecutive business days, beginning from April 15, 2020 to April 28, 2020, the closing bid price of the
Company&rsquo;s common stock has been at $1.00 per share or greater, and therefore the Company has regained compliance with the
minimum bid price requirement.</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"></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 9.01. Financial Statements and
Exhibits</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">(d) Exhibits</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; text-align: justify">Exhibits<BR>
Number</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid">Description</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 8%; text-align: justify">99.1</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 91%; text-align: justify"><A HREF="ea121336ex99-1_china.htm">Press Release</A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</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-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SIGNATURES</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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
thereunto 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>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>CHINA RECYCLING ENERGY CORPORATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-size: 10pt">Date: May 4, 2020</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Yongjiang Shi</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Yongjiang Shi</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief Financial Officer</P></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">3</P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea121336ex99-1_china.htm
<DESCRIPTION>PRESS RELEASE
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>China Recycling Energy Corporation Regains
Compliance with NASDAQ Minimum Bid Requirement</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-align: justify">XI&rsquo;AN, China, May 4, 2020
(GLOBE NEWSWIRE) -- China Recycling Energy Corporation (Nasdaq: CREG) (&ldquo;CREG&rdquo; or the &ldquo;Company&rdquo;), an industrial
waste-to-energy solution provider in China, today announced that based on a notification letter recently received from the Listing
Qualifications Department of the Nasdaq Stock Market Inc. (the &ldquo;Nasdaq&rdquo;), the Company has regained compliance with
the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">According to the notification letter, the
staff of Nasdaq determined that for the 10 consecutive business days, beginning from April 15, 2020 to April 28, 2020, the closing
bid price of the Company&rsquo;s common stock has been at $1.00 per share or greater, and the Company has regained compliance with
the minimum bid price requirement. Accordingly, the matter is now closed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>About China
Recycling Energy Corp.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&#20851;&#20110;&#20013;&#22269;&#24490;&#29615;&#33021;&#28304;&#26377;&#38480;&#20844;&#21496;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">China Recycling
Energy Corporation (Nasdaq: CREG) (&ldquo;CREG&rdquo; or &ldquo;the Company&rdquo;) is based in Xi&rsquo;an, China and provides environmentally
friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China.
Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for
outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize
resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1 percent of total energy consumption
and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs
as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial
energy recovery in China.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>Safe Harbor
Statement</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&#23433;&#20840;&#28207;&#22768;&#26126;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">This press release
may contain certain &ldquo;forward-looking statements&rdquo; relating to the business of CREG and its subsidiary companies. All statements,
other than statements of historical fact included herein are &ldquo;forward-looking statements.&rdquo; These forward-looking statements
are often identified by the use of forward-looking terminology such as &ldquo;believes,&rdquo; &ldquo;expects&rdquo; or similar expressions,
involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking
statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect.
Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
The Company&rsquo;s actual results could differ materially from those anticipated in these forward-looking statements as a result of
a variety of factors, including, but not limited to, the risks and uncertainties associated with market conditions and the satisfaction
of customary closing conditions relating to the registered direct offering and those discussed in the Company&rsquo;s annual and periodic
reports that are filed with the Securities and Exchange Commission and available on its website at&nbsp;http://www.sec.gov. All
forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety
by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking
statements.</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"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#26032;&#38395;&#31295;&#21487;&#33021;&#21253;&#21547;&#19982;</FONT>CREG<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21450;&#20854;&#23376;&#20844;&#21496;&#19994;&#21153;&#26377;&#20851;&#30340;&#26576;&#20123;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21069;&#30651;&#24615;&#22768;&#26126;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#38500;&#26412;&#26032;&#38395;&#31295;&#21253;&#25324;&#30340;&#21382;&#21490;&#20107;&#23454;&#38472;&#36848;&#22806;&#65292;&#25152;&#26377;&#38472;&#36848;&#22343;&#20026;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21069;&#30651;&#24615;&#38472;&#36848;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#36825;&#20123;&#21069;&#30651;&#24615;&#38472;&#36848;&#36890;&#24120;&#36890;&#36807;&#20351;&#29992;&#21069;&#30651;&#24615;&#26415;&#35821;&#26469;&#35782;&#21035;&#65292;&#20363;&#22914;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30456;&#20449;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26399;&#26395;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#31867;&#20284;&#34920;&#36848;&#65292;&#28041;&#21450;&#24050;&#30693;&#21644;&#26410;&#30693;&#30340;&#39118;&#38505;&#21644;&#19981;&#30830;&#23450;&#24615;&#12290;&#23613;&#31649;&#20844;&#21496;&#35748;&#20026;&#36825;&#20123;&#21069;&#30651;&#24615;&#38472;&#36848;&#20013;&#21453;&#26144;&#30340;&#39044;&#26399;&#26159;&#21512;&#29702;&#30340;&#65292;&#20294;&#23427;&#20204;&#30830;&#23454;&#21253;&#21547;&#20551;&#35774;&#12289;&#39118;&#38505;&#21644;&#19981;&#30830;&#23450;&#24615;&#65292;&#36825;&#20123;&#39044;&#26399;&#21487;&#33021;&#34987;&#35777;&#26126;&#26159;&#19981;&#27491;&#30830;&#30340;&#12290;&#25237;&#36164;&#32773;&#19981;&#24212;&#36807;&#20998;&#20381;&#36182;&#36825;&#20123;&#21069;&#30651;&#24615;&#38472;&#36848;&#65292;&#36825;&#20123;&#21069;&#30651;&#24615;&#38472;&#36848;&#20165;&#22312;&#26412;&#26032;&#38395;&#31295;&#21457;&#24067;&#20043;&#26085;&#25165;&#21457;&#34920;&#12290;&#20844;&#21496;&#30340;&#23454;&#38469;&#19994;&#32489;&#21487;&#33021;&#19982;&#36825;&#20123;&#21069;&#30651;&#24615;&#38472;&#36848;&#20013;&#30340;&#39044;&#26399;&#20135;&#29983;&#37325;&#22823;&#24046;&#24322;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#19982;&#24066;&#22330;&#29366;&#20917;&#26377;&#20851;&#30340;&#39118;&#38505;&#21644;&#19981;&#30830;&#23450;&#24615;&#12289;&#19982;&#27880;&#20876;&#30452;&#25509;&#21457;&#34892;&#26377;&#20851;&#30340;&#24815;&#20363;&#25104;&#20132;&#26465;&#20214;&#30340;&#28385;&#36275;&#65292;&#20197;&#21450;&#22312;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#22791;&#26696;&#30340;&#20844;&#21496;&#24180;&#24230;&#21644;&#23450;&#26399;&#25253;&#21578;&#20013;&#35752;&#35770;&#30340;&#39118;&#38505;&#21644;&#19981;&#30830;&#23450;&#24615;&#65292;&#21487;&#22312;&#20854;&#32593;&#31449;</FONT>http://www.sec.gov<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19978;&#25214;&#21040;&#12290;&#21463;&#36825;&#20123;&#22240;&#32032;&#30340;&#24433;&#21709;&#65292;&#25152;&#26377;&#23646;&#20110;&#20844;&#21496;&#25110;&#20195;&#34920;&#20844;&#21496;&#34892;&#20107;&#30340;&#21069;&#30651;&#24615;&#38472;&#36848;&#22343;&#20855;&#26377;&#23436;&#25972;&#30340;&#26126;&#30830;&#36164;&#26684;&#12290;&#38500;&#35777;&#21048;&#27861;&#35268;&#23450;&#22806;&#65292;&#20844;&#21496;&#19981;&#25215;&#25285;&#26356;&#26032;&#36825;&#20123;&#21069;&#30651;&#24615;&#38472;&#36848;&#30340;&#36131;&#20219;&#12290;</FONT></P>



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