China Recycling Energy Corp. announced that Mr. David Chong has resigned as the company's Chief Financial Officer and Secretary, effective May 16, 2015. The company's Board of Directors has appointed Mr. Jackie Shi, the company's Vice President in charge of finance, as the new CFO and Secretary, effective May 16, 2015.

Mr. Chong will continue to advise the company as a consultant for Investor Relations, Public Relations and Overseas Fund Raising. Mr. Shi has been serving as the Assistant CFO & Vice President in charge of finance for the company since January 2015. Before that, he worked as the Director of Investor Relations for Xilan Natural Gas Group from 2005 to 2014.

He worked as Deputy Financial Manager for a four-star hotel in Sydney, Australia from 2003 to 2004, and as an assistant to the CEO of Shaanxi Qinjing Industrial and Commercial Company from 1998 to 2000.