Smart Powerr Corp. — Director's Dealing 2008

Sep 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHINA RECYCLING ENERGY CORP (CREG)
CIK: 0000721693
Period of Report: 2008-06-25

Reporting Person: Zhu Xiaogang (Principal Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-25	Employee Stock Option	$1.23	D	200000	Disposed	2012-11-13	Common Stock (200000)	Direct

Footnotes

F1: The options were canceled by mutual agreement of the reporting person and China Recycling Energy Corporation.

F2: The options vest as to 15% on the sixth anniversary of the grant date, 15% on the first anniversary of the grant date, 50% on
the second anniversary of the grant date and the remaining 20% on the third anniversary of the grant date.