Smart Powerr Corp. — Director's Dealing 2008

Apr 30, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHINA RECYCLING ENERGY CORP (CREG)
CIK: 0000721693
Period of Report: 2008-04-29

Reporting Person: CAGP GENERAL PARTNER, L.P. (10% Owner)
Reporting Person: CARLYLE ASIA GROWTH PARTNERS III, L.P. (10% Owner)
Reporting Person: CAGP III CO-INVESTMENT, 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)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-29	Common Stock, par value $0.001 per share	C	7785415	$1.23	Acquired	7785415	Indirect
2008-04-29	Common Stock, par value $0.001 per share	C	346331	$1.23	Acquired	346331	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-29	5% Secured Convertible Promissory Note	$1.23	C		Disposed	2009-11-16	Common Stock par value $0.001 per share (4065040)	Indirect
2008-04-29	5% Secured Convertible Promissory Note	$	P		Acquired	2011-04-29	Common Stock par value $0.001 per share ()	Indirect
2008-04-29	Option to Purchase 5% Secured Convertible Promissory Note	$	J	0	Acquired		Common Stock par value $0.001 per share ()	Indirect

Footnotes

F1: See Exhibit 99.1.