中國循環能源公布管理層股票購買計劃

China RecyclingEnergy Corporation Announces Management Share Purchase Plan

XI'AN,China,January26, 2015 -- China Recycling Energy Corp. (NASDAQ: CREG;"CREG" or "the Company"), a leading industrialwaste-to-energy solution provider inChina, today announced that membersof its senior management team, including its Chairman and CEO Mr. Guohua Ku andother senior management members, intend to use theirpersonal funds to purchase shares of the Company up to an aggregate of US$3 millionin the open marketwithin 12 monthsfrom January26, 2015,pursuant and subject to the restrictions of, and consistent with, applicablelaws and regulations as well as the Company's insider trading policy.

Mr.Guohua Ku, Chairman and CEO of CREG commented, “Thisshare purchase plan demonstrates our management team's strong confidence in thelong-term prospects of the Company and reflects our commitment to continue toexecute our proven strategy and deliver long-term shareholder value. Interestincome on sales-type leases, the sustainable recurring revenue stream for theCompany, maintained its solid growth momentum in the past quarter and we expectto build on this in 2015 and beyond. "

AboutChinaRecycling Energy Corp.

China Recycling Energy Corp. (NASDAQ: CREG or "the Company")is based in Xi'an,Chinaand provides environmentally friendly waste-to-energy technologies to recycleindustrial byproducts for steel mills, cement factories and coke plants inChina.Byproducts include heat, steam, pressure, and exhaust to generate large amountsof lower-cost electricity and reduce the need for outside electrical sources.The Chinese government has adopted policies to encourage the use of recyclingtechnologies to optimize resource allocation and reduce pollution. Currently,recycled energy represents only an estimated 1 percent of total energyconsumption and this renewable energy resource is viewed as a growth market dueto intensified environmental concerns and rising energy costs as the Chineseeconomy continues to expand. The management and engineering teams have over 20years of experience in industrial energy recovery inChina. For more information aboutCREG, please visit .

Safe Harbor Statement

This press release may contain certain "forward-lookingstatements" relating to the business of China Recycling Energy Corp. andits subsidiary companies. All statements, other than statements of historicalfact included herein are "forward-looking statements." Theseforward-looking statements are often identified by the use of forward-lookingterminology such as "believes," "expects" or similarexpressions, involve known and unknown risks and uncertainties. Although theCompany believes that the expectations reflected in these forward-lookingstatements are reasonable, they do involve assumptions, risks anduncertainties, and these expectations may prove to be incorrect. Investorsshould not place undue reliance on these forward-looking statements, whichspeak only as of the date of this press release. The Company's actual resultscould differ materially from those anticipated in these forward-lookingstatements as a result of a variety of factors, including those discussed inthe Company's periodic reports that are filed with the Securities and ExchangeCommission and available on its website at http://www.sec.gov.All forward-looking statements attributable to the Company or persons acting onits behalf are expressly qualified in their entirety by these factors. Otherthan as required under the securities laws, the Company does not assume a dutyto update these forward-looking statements.

For more information, please contact:

Mr. David Chong, Chief FinancialOfficer
ChinaRecycling Energy Corp.
Tel: +86-1370-1813139; +65-9721 6163

Email: chongscd@creg-cn.com

Christensen

Ms. Xiaoyan Su (China)

Vice President

Tel: +86-10-5900-1548

Email: xsu@christensenir.com

Mr. Christian Arnell (China)

Vice President

Phone: +86-10-5900-1548

E-mail: carnell@christensenir.com