Exhibit 1
JOINT FILING AGREEMENT
The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1). Each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
In accordance with Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of such a statement on Schedule 13D with respect to the common stock beneficially owned by each of them, of China Recycling Energy Corporation, a Nevada corporation. This Joint Filing Agreement shall be included as an Exhibit to such Schedule 13D.
IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the 11th day of September, 2012.
| CARLYLE GROUP MANAGEMENT L.L.C. | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Chairman | |
| THE CARLYLE GROUP L.P. | ||
| By: | Carlyle Group Management L.L.C., its general partner | |
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Chairman | |
| CARLYLE HOLDINGS II GP L.L.C. | ||
| By: The Carlyle Group L.P., its managing member | ||
| By: Carlyle Group Management L.L.C., its general partner | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Chairman | |
| CARLYLE HOLDINGS II L.P. | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Chairman | |
| TC GROUP CAYMAN INVESTMENT HOLDINGS, L.P. | ||
| By: Carlyle Holdings II L.P., its general partner | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Chairman | |
| TC GROUP CAYMAN INVESTMENT HOLDINGS SUB L.P. | ||
| By: TC Group Cayman Investment Holdings, L.P., its general partner | ||
| By: Carlyle Holdings II L.P., its general partner | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Chairman | |
| CAGP LTD. | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Director | |
| CAGP GENERAL PARTNER, L.P. | ||
| by: CAGP Ltd., its general partner | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Director | |
| CARLYLE ASIA GROWTH PARTNERS III, L.P. | ||
| by: CAGP General Partner, L.P., its general partner | ||
| by: CAGP Ltd., its general partner | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Director | |
| CAGP III CO-INVESTMENT, L.P. | ||
| by: CAGP General Partner, L.P., its general partner | ||
| by: CAGP Ltd., its general partner | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Director | |
| DBD CAYMAN HOLDINGS, LTD. | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Ordinary Member | |
| DBD CAYMAN, LTD. | ||
| By: DBD Cayman Holdings, Ltd., its sole shareholder | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Ordinary Member | |
| TCG HOLDINGS CAYMAN II, L.P. | ||
| By: DBD Cayman, Ltd., its general partner | ||
| By: DBD Cayman Holdings, Ltd., its sole shareholder | ||
| By: | /s/ Norma Kuntz, attorney-in-fact | |
| Name: | Daniel D’Aniello | |
| Title: | Ordinary Member | |
