Smart Powerr Corp. — Director's Dealing 2007

Nov 26, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CHINA RECYCLING ENERGY CORP (CREG)
CIK: 0000721693
Period of Report: 2007-11-16

Reporting Person: CAGP GENERAL PARTNER, L.P. (10% Owner)
Reporting Person: CARLYLE OFFSHORE PARTNERS II LTD (10% Owner)
Reporting Person: TCG HOLDINGS CAYMAN, L.P. (10% Owner)
Reporting Person: TC GROUP CAYMAN, L.P. (10% Owner)
Reporting Person: CAGP, LTD. (10% Owner)
Reporting Person: CARLYLE ASIA GROWTH PARTNERS III, L.P. (10% Owner)
Reporting Person: CAGP III CO-INVESTMENT, L.P. (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
10% SECURED CONVERTIBLE PROMISSORY NOTE	$1.23	2009-11-16	Common Stock (4065040)		Indirect

Footnotes

F1: See Exhibit 99.1.