Smart Powerr Corp. — Director's Dealing 2008

Aug 22, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHINA RECYCLING ENERGY CORP (CREG)
CIK: 0000721693
Period of Report: 2007-11-13

Reporting Person: Wu Zhigang (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-13	Employee Stock Option	$1.23	A	70000	Acquired	2012-11-13	Common Stock (70000)	Direct

Footnotes

F1: 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.