X0306 4 2014-09-05 0 0000721693 CHINA RECYCLING ENERGY CORP CREG 0001419253 CAGP, LTD. C/O INTERTRUST CORPORATE SERVICES (CAYMAN) LIMITED, 190 ELGIN AVENUE GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 CAYMAN ISLANDS 0 0 1 0 0001475444 TC Group Cayman Investment Holdings, L.P. C/O INTERTRUST CORPORATE SERVICES (CAYMAN) LIMITED, 190 ELGIN AVENUE GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 CAYMAN ISLANDS 0 0 1 0 0001548636 TC Group Cayman Investment Holdings Sub L.P. C/O INTERTRUST CORPORATE SERVICES (CAYMAN) LIMITED, 190 ELGIN AVENUE GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 CAYMAN ISLANDS 0 0 1 0 0001419252 CAGP GENERAL PARTNER, L.P. C/O INTERTRUST CORPORATE SERVICES (CAYMAN) LIMITED, 190 ELGIN AVENUE GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 CAYMAN ISLANDS 0 0 1 0 0001419251 CARLYLE ASIA GROWTH PARTNERS III, L.P. C/O INTERTRUST CORPORATE SERVICES (CAYMAN) LIMITED, 190 ELGIN AVENUE GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 CAYMAN ISLANDS 0 0 1 0 0001419258 CAGP III CO-INVESTMENT, L.P. C/O INTERTRUST CORPORATE SERVICES (CAYMAN) LIMITED, 190 ELGIN AVENUE GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 CAYMAN ISLANDS 0 0 1 0 0001548624 Carlyle Group Management L.L.C. C/O THE CARLYLE GROUP 1001 PENNSYLVANIA AVE. NW, SUITE 220S WASHINGTON DC 20004 0 0 1 0 0001527166 Carlyle Group L.P. C/O THE CARLYLE GROUP 1001 PENNSYLVANIA AVE. NW, SUITE 220S WASHINGTON DC 20004 0 0 1 0 0001548629 Carlyle Holdings II GP L.L.C. C/O THE CARLYLE GROUP 1001 PENNSYLVANIA AVE. NW, SUITE 220S WASHINGTON DC 20004 0 0 1 0 0001548630 Carlyle Holdings II L.P. C/O THE CARLYLE GROUP 1001 PENNSYLVANIA AVE. NW, SUITE 220S WASHINGTON DC 20004 0 0 1 0 Common Stock $0.001 par value 2014-09-05 4 S 0 18027 1.50 D 10629758 I See footnote Common Stock $0.001 par value 2014-09-08 4 S 0 77577 1.5081 D 10552181 I See footnote The price shown is the weighted average prices of the shares sold in this transaction. The price range for this transaction is $1.50 to $1.51. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price for this transaction. Following the consummation of the transactions reported herein, Carlyle Asia Growth Partners III, L.P. and CAGP III Co-Investment, L.P. are the record holders of 10,102,784 and 449,397 shares, respectively, of Common Stock of China Recycling Energy Corporation. Carlyle Group Management L.L.C. is the general partner of The Carlyle Group L.P. which is a publicly traded entity listed on NASDAQ. The Carlyle Group L.P. is the managing member of Carlyle Holdings II GP L.L.C., which is the general partner of Carlyle Holdings II L.P., which is the general partner of TC Group Cayman Investment Holdings, L.P., which is the general partner of TC Group Cayman Investment Holdings Sub L.P., which is the sole shareholder of CAGP, Ltd., which is the general partner of CAGP General Partner, L.P., which is the general partner of each of Carlyle Asia Growth Partners III, L.P. and CAGP III Co-Investment, L.P. CAGP LTD. By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 CARLYLE GROUP MANAGEMENT L.L.C By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 THE CARLYLE GROUP L.P By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 CARLYLE HOLDING II GP L.L.C By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 CARLYLE HOLDINGS II L.P By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 TC GROUP CAYMAN INVESTMENT HOLDINGS , L.P. By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 TC GROUP CAYMAN INVESTMENT HOLDINGS SUB L.P. By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 CAGP GENERAL PARTNER, L.P. By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 CARLYLE ASIA GROWTH PARTNERS III, L.P. By: /s/Norma Kuntz, attorney-in-fact 2014-09-09 CAGP III Co-INVESTMENT, L.P. By: /s/Norma Kuntz, attorney-in-fact 2014-09-09