CREG [CHINA RECYCLING ENERGY] 10-K/A: EXPLANATORY NOTE
[EXPLANATORY NOTE] [21.1 Subsidiaries of China Recycling Energy Corporation Subsidiary Name Jurisdiction of Incorporation Percentage Owned Sifang Holdings Co., Ltd. Cayman Islands 100 % Shanghai Yinghua Financial Leasing Co., LTD People’s Republic of China 100 % Shanghai TCH Energy Technology Co., Lt]