Company overview: China Recycling Energy Group OTCBB: CREG'OB "CREG" or "the Company" is based in Xi

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Stock Symbol CREG (OTC BB) Recent Stock
Price 1.25 (as of 8/25/2008) Shares
Outstanding 36.4M Market Capitalization
45M Fiscal Year End December 31 52-wk
Trading Range 0.26-3.05 2007 EPS
(diluted) 0.05
China Recycling Energy Corp. 429 Guangdong
Road Shanghai, P.R. China 200001
  http//www.creg-cn.com
Company overview China Recycling Energy Group
(OTCBB CREG.OB) ("CREG" or "the Company") is
based in Xi'an, China and it provides
environmentally friendly Waste-to-Energy (WTE)
technologies Customers Steel mills, cement
factories and power plants in China What is
Waste-to-Energy? WTE processes industrial waste
such as heat, steam, pressure, and exhaust to
generate large amounts of lower-cost electricity
and reduce the need for outside electrical
sources. The Chinese government has adopted
policies to encourage the use of WTE technologies
to optimize resource-allocation and cut
pollution. Currently, recycled energy represents
only an estimated 0.1 of total energy
consumption (same percentage as the solar source)
and this renewable energy source is viewed as a
growth market due to intensified environmental
concerns and rising energy costs Industry
experience The management and engineering teams
have over 20 years of experience in industrial
energy-recovery in China 4 service programs 1)
TRT -- uses high-pressured gas emitted from blast
furnaces in steel mills 2) CHPG -- waste heat
from cement rotary kilns 3) WGPG -- coal gangue
or residuals from coking factories and 4) CCPP
-- unburned gas in steel mills or coking
factories Competition A leading position in a
market with high entry barriers defined by
technology, experience and investment
capital Growth strategy Expand product
offerings, manage cost structure, grow
international sales and selectively pursue
strategic acquisitions Guidance 2008 Sales
18.5 million net 5 million 2009 - 35
million net 18 million (2009 results assume 40
million capital raise)
FINANCIAL HIGHLIGHTS

• SERVICING THE INDUSTRIAL SECTOR IN CHINA
• Chinas industrial output means more waste

EXPERIENCED MANAGEMENT TEAM Mr. Guohua Ku,
Founder, CTO More than 20 years of experience in
TRT technology, design, RD rmer official of
Shaanxi Blower Group, the dominant TRT equipment
manufacturer in China has been engaged in
long-term research of the recoverable energy
industry such as TRT, power generation by waste
heat, power generation by natural gas and is
influential in the industry MBA of Northwest
University (China) Mr. Wu Guang Yu, CEO Previous
work experience with large financial institutions
such as China Construction Bank and SEG Trust
experienced in investment management, business
planning and business administration certified
economist. Mr. Zhang Gaozuo, Senior Engineer
Advisor Former Senior Manager of Service Industry
Department of Shanghai Electric Group wwns two
technology patents relating to cement heat power
generation previous work experience with Alstrom
and government institute highly respected and
very influential in the power industry. Mr. Xinyu
Peng, CFO Formerly vice president for investment
and financing at private equity firm Tavistock
Group (Asia). Also held CFO positions at Mod3
Cabinets Home LLC, and at Creative Hospitality
Concepts LLC. Previous experience includes asset
management at Bank of China. MBA from Univ. of
Miami in Florida, bachelors from Fudan
University in Shanghai.
ALT. ENERGY COST COMPARISONS
INVESTOR CONTACTS Mr. Zhigang Wu
Mr. Valentine DingChina
Recycling Energy Gruop Grayling
Global Email wuzhigang2008_at_126.com
Phone [phone] Email vding_at_hfgcg.com
This fact sheet may contain certain
"forward-looking statements" relating to the
business of China Recycling Energy Group and its
subsidiary companies. All statements, other than
statements of historical fact included herein are
"forward-looking statements," including
statements regarding the ability of the Company
to achieve its commercial objectives, and any
other statements of non-historical information.
These forward looking statements are often
identified by the use of forward-looking
terminology such as "believes, expects" or
similar expressions. Although the Company
believes that the expectations reflected in these
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 fact sheet. The
Company's actual results could differ materially
from those anticipated in these forward-looking
statements as a result of a variety of factors,
including those discussed in the Company's
periodic reports that are filed with the
Securities and Exchange Commission and available
on its website ( http//www.sec.gov ). All
forward-looking statements attributable to the
Company or persons acting on its behalf are
expressly qualified in their entirety by these
factors. Other than as required under the
securities laws, the Company does not assume a
duty to update these forward-looking
statements.   This fact sheet is a summary
document and is not purported to be complete and
it should be read with other Company reports or
documents, such as those filed with the SEC.
Readers should conduct their own due diligence
into the Companys operations, strategies,
markets, financial needs, management expertise,
etc. The distribution of this fact sheet is not
a solicitation to buy or sell securities.