Washington, D.C. 20549




Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): January 28, 2013


China Energy Recovery, Inc.

(Exact name of registrant as specified in its charter)

(State or other jurisdiction
of incorporation)
File Number)
(IRS Employer
Identification No.)



Building#26, No. 1388 Zhangdong Road

Zhangjiang Hi-tech Park

Shanghai, China
(Address of principal executive offices)

(Zip Code)


Registrant’s telephone number, including area code (86) 021 2028-1866


(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 (see General Instructions A.2. below):


oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 1.01 — Entry into a Material Definitive Agreement



On January 28, 2013, Shanghai Hai Lu Kun Lun Hi-tech Engineering Co., Ltd. (“Shanghai Engineering”), a consolidated variable interest entity of China Energy Recovery, Inc. (“CER”), entered into a one-year comprehensive credit facility with China Merchants Bank, Shanghai branch. The facility is for RMB 20,000,000 (approximately $3,174,603) and can be used for working capital or similar purposes. This facility is collateralized by a building located in Shanghai, which is owned by Mr. Qinghuan Wu., CER’s Chief Executive Officer, and guaranteed by CER Energy Recovery (Shanghai) Co., Ltd. and CER Energy Recovery (Yangzhou) Co., Ltd., which are both wholly-owned subsidiaries of CER, and also guaranteed by Mr. Qinghuan Wu. The interest rate will be finalized when we draw down the money, which would be about 15%-20% above the People’s Bank of China one year interest rate, which is 6% annually.






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 hereunto duly authorized.



  China Energy Recovery, Inc.  
Date: January 29, 2013 By:   /s/ Qinghuan Wu  
    Qinghuan Wu  
    Chief Executive Officer