Item 8.01 Other Events

In its Current Report on Form 8-K dated May 5, 2009, China Recycling Energy Corporation (the "Company") announced the engagement of Deloitte Touche Tohmatsu CPA Ltd. ("Deloitte") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2009, replacing Goldman Parks Kurland Mohidin, LLP ("GPKM") in that role. Because of the time required to transition from GPKM to Deloitte and in order to ensure the timely filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2009, the Company has delayed its engagement of Deloitte and will continue to use GPKM through the filing of its Form 10-Q for the period ended June 30, 2009. The Company intends to continue its engagement with Deloitte upon the completion of the transition from GPKM to Deloitte during the third quarter of 2009.

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