Current Report Filing (8-k)
May 14 2020 - 3:13PM
Edgar (US Regulatory)
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): May 14, 2020
CHINA
RECYCLING ENERGY CORPORATION
(Exact
name of registrant as specified in charter)
Nevada
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001-34625
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90-0093373
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(State
or other jurisdiction
of
incorporation)
|
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(Commission
File
Number)
|
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(IRS
Employer
Identification
No.)
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4/F,
Tower C
Rong
Cheng Yun Gu Building
Keji
3rd Road, Yanta District
Xi’an
City, Shaanix Providence, China
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|
710075
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(Address
of principal executive offices)
|
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(Zip
Code)
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Registrant’s
telephone number, including area code: (86-29) 8765-1097
N/A
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(Former
name or former 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:
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common Stock, par value $0.001 per share
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CREG
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Nasdaq Stock Market
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events.
On
March 25, 2020, pursuant to Section 36 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the
Securities and Exchange Commission (the “SEC”) issued Release No. 34-88465 (the “Order”) that superseded
the Release No. 34-88318 (the “Original Order”), issued by the SEC on March 4, 2020. The Order modified exemptions
to registrants subject to the reporting and proxy delivery requirements of the Exchange Act Section 13(a) or 15(d) that have filings
due on or before July 1, 2020 due to circumstances related to the coronavirus disease 2019 (COVID-19).
China
Recycling Energy Corporation (the “Company”) is furnishing this Current Report on Form 8-K to indicate its reliance
on the Order in connection with the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2020, originally
due on May 15, 2020.
We
have experienced significant disruptions to our business and operations due to circumstances related to COVID-19. The preparation
of the Company’s Quarterly Report, including the financial statements, has been delayed by government-imposed quarantines,
office closings and travel restrictions The Company’s headquarters and operations are located in the City of Xi’an,
Shaan Xi Province, China. Due to the ongoing outbreak of the COVID-19, which was first reported in December 2019 in Wuhan, China,
the Chinese government initiated travel restrictions and mandatory quarantines to control the spread of COVID-19 within China.
The World Health Organization has declared the outbreak to constitute a “Public Health Emergency of International Concern.”
This contagious disease outbreak continues to spread to additional countries and is disrupting supply chains and affecting production
and sales across a range of industries as a result of quarantines, facility closures, and travel and logistics restrictions in
connection with the outbreak. While the related financial impact and duration cannot be reasonably estimated at this time, the
Company expects this matter to negatively impact its operating results and cash flows.
As
a result of the outbreak of COVID-19, the Company’s books and records are not easily accessible, resulting in delays in
the preparation and review of the Company’s unaudited condensed consolidated financial statements for the Quarterly Report
on Form 10-Q to be completed in a timely manner and to file the Quarterly Report on Form 10-Q by May 15, 2020.
The Company
expects to file its Quarterly Report on Form 10-Q within 45 days after May 15, 2020 as provided
by the Order.
SIGNATURES
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 thereunto duly authorized.
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CHINA
RECYCLING ENERGY CORPORATION
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Date:
May 14, 2020
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By:
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/s/
Yongjiang Shi
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Yongjiang
Shi
Chief Financial Officer
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