Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported):
July
29, 2008
CHINA
RECYCLING ENERGY CORPORATION
(Exact
name of registrant as specified in its charter)
Nevada
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000-12536
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90-0093373
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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0000721693
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4911-Electric
Services
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06628887
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(Central
Index Key)
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(Standard
Industrial Classification)
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(Film
Number.)
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Suite
909, Tower B
Chang
An
International Building
No.
88 Nan Guan Zheng Jie
Xi
An City, Shan Xi Province
China
710068
People’s
Republic of China
(Address
of principal executive offices, including zip code)
(86-29)
8769-1097
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report.)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On
July
29, 2008, China Recycling Energy Corporation (the “Company”) received the
resignation of Mingda Rong, Chief Financial Officer, effective immediately.
Mr.
Rong also resigned as a member of the Company’s Board of Directors.
On
August
4, 2008, the Board of Directors approved the appointment of Xinyu Peng, age
40,
as Chief Financial Officer of the Company to replace Mr. Rong, effective August
4, 2008. Prior to joining the Company, Mr. Peng served as Vice President of
Tavistock Group Asia from January 2008 to July 2008. From November 2006 to
July
2008, Mr. Peng served as Chief Financial Officer and Director of MOD3 Cabinets
& Home LLC. From July 2003 to July 2008, he served as Chief Financial
Officer of Creative Hospitality Concepts LLC. In connection with his appointment
as Chief Financial Officer, the Company entered into an employment agreement
with Mr. Peng. The employment agreement provides that Mr. Peng will receive
compensation in the amount of $11,666 per month. The term of the employment
agreement is for two years.
A
press
release announcing Mr. Peng’s appointment as Chief Financial Officer is
attached as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item
9.01. Financial
Statements and Exhibits.
(d) The
following exhibit is filed with this report.
Exhibit
No.
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Description
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99.1
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Press
release dated August 4, 2008
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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China
Recycling Energy Corporation
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Date:
August 4, 2008
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/s/
Guangyu Wu
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Guangyu
Wu
Chief
Executive Officer
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EXHIBIT
INDEX
Exhibit
Number
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Description
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99.1
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Press
release dated August 4, 2008
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