Joint Operation Agreement
of the Large Scale Group Furnaces Low Temperature Smoke-Steam Residual
Heat Comprehensive Usage Project (“Power Station Project”)
Party A: Inner Mongolia Erdos Metallurgy Co., Ltd.
Legal Representative: Linxiang Wang
Registered Address: Dian Ye Building, Chessboard Well Industrial Park, Etuoke Banner, City of Erdos, Inner
Number of Registered Business License: 1527042000704
Mailing Address: same as registered address
Contact Phone Number: 04776470618
Postal Code: 016064
Party B: Xi’an TCH Energy Technology Co., Ltd.
Legal Representative: Guohua Ku
Registered Address: No. 86 Gaoxin Road, Gaoxin District, Xi’an City, Shan Xi Province, P.R.China
Number of Registered Business License: 610100400001292
Mailing Address: Suite 909, Tower B, Chang An International Building, No. 88 Nan Guan Zheng Jie, Xi’an City,
Shan Xi Province, P.R.China
Contact Phone Number: 029-8765-1096
Postal Code: 710068
In view of:
1. Party A is located in Chessboard Well Industrial Park, Etuoke Banner, City of Erdos, Inner Mongolia. It is
the largest ferroalloy production enterprise in P.R.China. Party A is planning to remould its existing
submerged arc furnaces to recovery and reuse waste heat.
2. China Recycling Energy Corporation is a listed company with its common stock being traded on the
NASD’s Over-the-Counter Bulletin Board (ticker symbol “CREG”), with current capitalization of US$200
million. Party B is a Chinese subsidiary controlled by CREG and is in charge of the investment and
operation of CREG’s projects in China. Party B’s registered capital is RMB80 million. Its major business is
to invest, construct, and operate energy recycling projects and new energy projects in China. Party B has
successfully completed several projects in the areas of TRT and residual heat power generation.
Article 1: Project Name and Location
Article 2: Joint Operation Methods