Smart Powerr Corp. — Director's Dealing 2010

Aug 25, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHINA RECYCLING ENERGY CORP (CREG)
CIK: 0000721693
Period of Report: 2010-08-13

Reporting Person: Ku Guohua (Director, CEO & Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-13	Stock Option (right to buy)	$3.05	A	1460000	Acquired	2015-08-12	Common stock (1460000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.001 par value per share	18866295	Direct

Footnotes

F1: The options shall vest and become exercisable as follows: (i) 1/3 (one third) of the total number of shares subject to the
options shall vest and become exercisable if the Corporation meets its minimum revenue and earnings goals in the
Corporation's guidance for 2010 as delivered in its earnings releases and/or conference calls in the first quarter of 2010,
such vesting to occur immediately upon completion of the annual audit confirming the financial results for 2010; (ii) an
additional 1/3 (one third) of the total number of shares subject to the options shall vest and become exercisable if the
Corporation meets certain financial goals of 2011 which will be set out and decided by the Compensation Committee, such
vesting to occur immediately upon Compensation Committee's determination that the Corporation has met such goals for 2011;

F2: and (iii) the remaining 1/3 (one third) of the total number of shares subject to the options shall vest and become
exercisable if the Corporation meets certain financial goals of 2012 which will be set out and decided by the Compensation
Committee, such vesting to occur immediately upon Compensation Committee's determination that the Corporation has met such
goals for 2012.