Smart Powerr Corp. — Director's Dealing 2014

Sep 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHINA RECYCLING ENERGY CORP (CREG)
CIK: 0000721693
Period of Report: 2014-09-24

Reporting Person: CAGP, LTD. (10% Owner)
Reporting Person: TC Group Cayman Investment Holdings, L.P. (10% Owner)
Reporting Person: TC Group Cayman Investment Holdings Sub L.P. (10% Owner)
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 Group Management L.L.C. (10% Owner)
Reporting Person: Carlyle Group L.P. (10% Owner)
Reporting Person: Carlyle Holdings II GP L.L.C. (10% Owner)
Reporting Person: Carlyle Holdings II L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-24	Common Stock $0.001 par value	S	897193	$1.5255	Disposed	9406944	Indirect
2014-09-25	Common Stock $0.001 par value	S	15854	$1.50	Disposed	9391090	Indirect

Footnotes

F1: The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $1.50 to $1.585. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price for this transaction.

F2: Following the consummation of the transactions reported herein, Carlyle Asia Growth Partners III, L.P. and CAGP III Co-Investment, L.P. are the record holders of 8,991,154 and 399,936 shares, respectively, of Common Stock of China Recycling Energy Corporation. Carlyle Group Management L.L.C. is the general partner of The Carlyle Group L.P. which is a publicly traded entity listed on NASDAQ. The Carlyle Group L.P. is the managing member of Carlyle Holdings II GP L.L.C., which is the general partner of Carlyle Holdings II L.P., which is the general partner of TC Group Cayman Investment Holdings, L.P., which is the general partner of TC Group Cayman Investment Holdings Sub L.P., which is the sole shareholder of CAGP, Ltd., which is the general partner of CAGP General Partner, L.P., which is the general partner of each of Carlyle Asia Growth Partners III, L.P. and CAGP III Co-Investment, L.P.