中國循環能源公布10:1股票並股

ChinaRecycling Energy Corporation Announces 1-for-10 Reverse Stock Split

XI'AN, China, May 25, 2016 /PRNewswire/ --China Recycling Energy Corporation. (CREG) ("CREG" or "theCompany"), a leading industrial waste-to-energy solution provider inChina, today announced  that its Board ofDirectors unanimously approved a reverse stock split of its common stock at aratio of 1-for-10, with anticipated trading on the split adjusted basis onNASDAQ commencing at the open of the stock market on May 26, 2016.

The purpose of the reverse split is toraise the per share trading price of the Company's common stock to regaincompliance with the minimum $1.00 continued listing requirement for the listingof its common stock on The NASDAQ Capital Market.  In order to maintain the Company's listing onNASDAQ, the Company's common stock must have a closing bid price of $1.00 ormore for a minimum of 10 consecutive trading days by June 13, 2016.  

As a result of the reverse stock split, thenumber of the Company's authorized shares of common stock will be decreasedfrom 200,000,000 shares to 20,000,000 shares and its outstanding common stockwill be decreased from approximately 83 million to 8.3 million shares. Upon theeffective date of the reverse stock split, every ten (10) shares of theCompany's common stock outstanding automatically combine into one (1) new shareof common stock. The Company will round up to the next full share of theCompany's shares of common stock any fractional shares that result from thereverse stock split and no fractional shares will be issued in connection withthe reverse stock split and no cash or other consideration will be paid inconnection with any fractional shares that would otherwise have resulted fromthe reverse stock split.

There can be no assurance that followingthe reverse split, the Company's common stock will remain above the $1.00 pershare minimum for the requisite period as of June 13, 2016 to regain listingcompliance.

About China Recycling Energy Corp.

China Recycling Energy Corp. (CREG)("CREG" or "the Company") is based in Xi'an, China andprovides 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 largeamounts of lower-cost electricity and reduce the need for outside electricalsources. The Chinese government has adopted policies to encourage the use ofrecycling technologies to optimize resource allocation and reduce pollution.Currently, recycled energy represents only an estimated 1 percent of totalenergy consumption and this renewable energy resource is viewed as a growthmarket due to intensified environmental concerns and rising energy costs as theChinese economy continues to expand. The management and engineering teams haveover 20 years of experience in industrial energy recovery in China. For moreinformation about CREG, please visit http://creg-cn.investorroom.com.

Safe Harbor Statement

This press release may contain certain"forward-looking statements" relating to the business of ChinaRecycling Energy Corp. and its subsidiary companies. All statements, other thanstatements of historical fact included herein are "forward-lookingstatements." These forward-looking statements are often identified by theuse of forward-looking terminology such as "believes,""expects" or similar expressions, involve known and unknown risks anduncertainties. Although the Company believes that the expectations reflected inthese forward-looking statements are reasonable, they do involve assumptions,risks and uncertainties, and these expectations may prove to be incorrect.Investors should not place undue reliance on these forward-looking statements,which speak only as of the date of this press release. The Company's actualresults could 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. Allforward-looking statements attributable to the Company or persons acting on itsbehalf are expressly qualified in their entirety by these factors. Other thanas required under the securities laws, the Company does not assume a duty toupdate these forward-looking statements.

For more information, please contact:

Mr. Jackie Shi, Chief Financial Officer

China Recycling Energy Corp.

Tel: +86- 139 9287 0723

Email: shi723910@163.com /shi723@creg-cn.com