China Recycling Energy Corporation Announces Results of 2014 Annual Meeting of Stockholders - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

China Recycling Energy Corporation Announces Results of 2014 Annual Meeting of Stockholders

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SOURCE China Recycling Energy Corp.

XI'AN, China, June 19, 2014 /PRNewwire-FirstCall/ -- China Recycling Energy Corp. (NASDAQ: CREG or "the Company"), a leading industrial waste-to-energy solution provider in China, today announced that all stockholders resolutions proposed at the Company's 2014 annual meeting of stockholders held on June 19, 2014 local time were duly passed. Specifically, the stockholders endorsed the following resolutions:

  1. The election of five directors, Messrs. Guohua Ku, Yulong Ding, Geyun Wang, Chungui Shi, and Albert McLelland, each to serve until the 2015 Annual Meeting of Stockholders;
  2. The ratification of the appointment of Goldman Kurland Mohidin, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014;
  3. The approval of an amendment to the Company's Articles of Incorporation to increase the total number of our authorized shares of common stock, par value $0.001 per share, from 100,000,000 shares to 200,000,000 shares;
  4. The approval of a Nonstatutory Stock Option Agreement with the Company's director, Mr. Chungui Shi;
  5. The conduct of an advisory vote on the compensation of the Company's named executive officers.

About China Recycling Energy Corp.

China Recycling Energy Corp. (NASDAQ: CREG or "the Company") is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories, and coke plants in China. Byproducts include 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 recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1 percent of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial energy recovery in China. For more information about CREG, please visit http://www.creg-cn.com.

For more information, please contact:

Mr. David Chong, Chief Financial Officer
China Recycling Energy Corp.
Tel: +86-1370-1813139; +65-9721 6163
Email: chongscd@creg-cn.com

Christensen

Mr. Rene Vanguestaine (China and US)
Chairman and CEO
Tel: +86 135 2160 9333
Email: rvanguestaine@christensenIR.com

Mr. Christian Arnell (China)
Vice President
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

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