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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>UNITED
STATES<BR>
securities and exchange commission<BR>
Washington, D.C. 20549</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported): July 24, 2012</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: black"><B>CHINA RECYCLING
ENERGY CORPORATION<BR>
</B></FONT><FONT STYLE="font-size: 10pt">(Exact Name Of Registrant As Specified In Charter)</FONT></P>

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    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center; padding-bottom: 1pt">Nevada</TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center; padding-bottom: 1pt">000-12536</TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center; padding-bottom: 1pt">90-0093373</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(State of Incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File No.)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(I.R.S. Employer<BR> Identification No.)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>12/F, Tower A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chang An International Building</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>No. 88 Nan Guan Zheng Jie</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Xi An City, Shaanxi Province</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>China 710068</B><FONT STYLE="color: black"><BR>
</FONT>(Address of principal executive offices, including zip code)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(86-29) 8769-1097<BR>
</B>(Registrant&rsquo;s telephone number, including area code)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable<BR>
</B>(Former name or address, if changed since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2 below):</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 1.01 Entry into a Material Definitive
Agreement.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 24, 2012, China
Recycling Energy Corporation (the &ldquo;<U>Company</U>&rdquo;), Great Essential Investment, Ltd., Carlyle Asia Growth Partners
III, L.P., and CAGP III Co-Investment, L.P. entered into an amendment (the &ldquo;<U>Amendment</U>&rdquo;), effective as of June
28, 2012, to the Convertible Promissory Note Transfer Agreement, dated April 28, 2012 (the &ldquo;<U>Agreement</U>&rdquo;), the
terms of which are described in, and a copy of which is attached as an exhibit to, the Company&rsquo;s Quarterly Report on Form
10-Q for the quarter-ended March 31, 2012. The Amendment, amongst other things, extended the termination date of the Agreement
from June 30, 2012 to August 30, 2012, and extended the maturity date of the 8% Secured Promissory Note, in the principal amount
of $3,000,000, from July 28, 2012 to September 26, 2012.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing is only
a brief description of the material terms of the Amendment and does not purport to be complete. The Amendment will be filed as
an exhibit to the Company&rsquo;s Quarterly Report on Form 10-Q for the quarter-ended June 30, 2012.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>SIGNATURE</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 53%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 47%; font-weight: bold">China Recycling Energy Corporation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD>(Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">Dated: July 27, 2012</TD>
    <TD STYLE="text-decoration: none; border-bottom: Black 1pt solid">/s/ David Chong</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD>David Chong</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD>Chief Financial Officer and Secretary</TD></TR>
</TABLE>


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[{"type": "8-K", "sequence": "1", "filename": "v319651_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 11771}]
{"company-data": {"conformed-name": "CHINA RECYCLING ENERGY CORP", "cik": "0000721693", "assigned-sic": "7389", "irs-number": "900093373", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34625", "film-number": "12989271"}, "business-address": {"street1": "12TH FLOOR, TOWER A, CHANG AN INTL BLDG", "street2": "NO. 88 NAN GUAN ZHENG XIE", "city": "XI AN CITY, SHAN XI PROVINCE", "state": "F4", "zip": "710068", "phone": "86-29-8765-1097"}, "mail-address": {"street1": "12TH FLOOR, TOWER A, CHANG AN INTL BLDG", "street2": "NO. 88 NAN GUAN ZHENG XIE", "city": "XI AN CITY, SHAN XI PROVINCE", "state": "F4", "zip": "710068"}, "former-company": [{"former-conformed-name": "CHINA DIGITAL WIRELESS INC", "date-changed": "20040810"}, {"former-conformed-name": "BOULDER ACQUISITIONS  INC", "date-changed": "20020430"}, {"former-conformed-name": "BOULDER BREWING CO", "date-changed": "19920703"}]}
UNITED
STATES
securities and exchange commission
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): July 24, 2012
CHINA RECYCLING
ENERGY CORPORATION
(Exact Name Of Registrant As Specified In Charter)
Nevada
000-12536
90-0093373
(State of Incorporation)
(Commission File No.)
(I.R.S. Employer
Identification No.)
12/F, Tower A
Chang An International Building
No. 88 Nan Guan Zheng Jie
Xi An City, Shaanxi Province
China 710068
(Address of principal executive offices, including zip code)
(86-29) 8769-1097
(Registrant's telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2 below):
¨
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive
Agreement.
On July 24, 2012, China
Recycling Energy Corporation (the "
Company
"), Great Essential Investment, Ltd., Carlyle Asia Growth Partners
III, L.P., and CAGP III Co-Investment, L.P. entered into an amendment (the "
Amendment
"), effective as of June
28, 2012, to the Convertible Promissory Note Transfer Agreement, dated April 28, 2012 (the "
Agreement
"), the
terms of which are described in, and a copy of which is attached as an exhibit to, the Company's Quarterly Report on Form
10-Q for the quarter-ended March 31, 2012. The Amendment, amongst other things, extended the termination date of the Agreement
from June 30, 2012 to August 30, 2012, and extended the maturity date of the 8% Secured Promissory Note, in the principal amount
of $3,000,000, from July 28, 2012 to September 26, 2012.
The foregoing is only
a brief description of the material terms of the Amendment and does not purport to be complete. The Amendment will be filed as
an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter-ended June 30, 2012.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
China Recycling Energy Corporation
(Registrant)
Dated: July 27, 2012
/s/ David Chong
David Chong
Chief Financial Officer and Secretary