China Recycling Energy Corporation Schedules First Quarter 2015 Earnings Release on Thursday, May14, 2015

Earnings Conference Call to Be Held on Friday, May 15, 2015 at 5:00AM (U.S.Pacific Time) / 8:00AM (U.S.Eastern Time) / 8:00PM (BeijingTime)

XI'AN, China, May 7, 2015 -- China Recycling Energy Corp. (NASDAQ: CREG or "the Company"), a leading industrialwaste-to-energy solution provider inChina, today announced that it will release its financial results for the first quarterended March 31, 2015 after the US markets close on Thursday, May 14, 2015. The earnings release will be available on the investor relations page ofits website at http://creg-cn.com/en.

Following the earnings announcement, the Company willhost a conference call on Friday, May 15, 2015 at 8:00 am (Eastern) / 5:00 am(Pacific) / 8:00 pm (Beijing) to discuss its first quarter 2015 financialresults and recent business activities. Mr. GuohuaKu, Chief Executive Officer, and Mr. David Chong, Chief Financial Officer, willbe hosting the call.

The conference call may be accessed by calling:

International: +1-412-902-4272

US Toll Free: 1-888-346-8982

China Toll Free: 4001-201203

Conference Reference: China Recycling Energy Corp. conference call

A telephone replay will be available shortly after the call until May 22,2015 by dialing the following numbers:

International: +1-412-317-0088

US Toll Free: 1-877-344-7529

Replay Access Code: 10065520

AboutChinaRecycling Energy Corp.

China Recycling EnergyCorp. (NASDAQ: CREG or "the Company") is based in Xi'an,Chinaand providesenvironmentally friendly waste-to-energy technologies to recycle industrialbyproducts 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 http://www.creg-cn.com.

For more information, pleasecontact:

Mr. David Chong, ChiefFinancial Officer
ChinaRecycling Energy Corp.
Tel: +86-1370 1813 139; +65-9721 6163

Email: chongscd@creg-cn.com

Christensen

Ms. Xiaoyan Su(China)

Vice President

Tel: +86-10-5900 3429

Email: xsu@christensenir.com

Mr. Christian Arnell (China)

Vice President

Phone: +86-10-5900 1548

E-mail: carnell@christensenir.com