China Recycling Energy Corp (CREG)

[petermic]

CREG worth 25 cents per share in August, according to the company itself.

On August 23, 2007, one of our major shareholders, Guohua Ku ("Selling
Shareholder" or "Seller") executed and consummated a share purchase agreement
("Agreement") with Mr. Hanqiao Zheng ("Purchaser), a citizen of the People's
Republic of China. Under the terms of this Agreement, Guohua Ku sold 8,160,863
shares of CREG's common stocks ("CREG shares") he owned to Hanqiao Zheng for a
total price of US $ 2,040,215 (US$ 0.25 per share representing the fair market
price of the CREG common stocks).