China Recycling Energy Corporation, formerly China Digital Wireless, Inc., is engaged in providing value-added information services, cellular phone distribution and advertising services through its Chinese operating subsidiaries. During the year ended December 31, 2006, it was also engaged in recycling energy business, providing energy saving and recycling products and services. The Company conducts its business primarily through its wholly owned subsidiary, Sifang Holdings and its wholly owned subsidiary TCH Data Technology Co. Ltd (TCH). In February 2006, The Company entered into an agreement to acquire 95% equity interest in Shanghai Kena Energy Saving Electric Co., Ltd (Kena). On March 8, 2007, the Company changed its name from China Digital Wireless, Inc. to China Recycling Energy Corporation. On May 10, 2007, the Company approved and announced that it completely ceased and discontinued its information services, cellular phone distribution and advertising services businesses.

Reverse Merger Filing