Annual Financial Report

China CDM Exchange Centre Limited

Final results for the year ended 31 December 2015

The Company operates within the framework of the Clean Development Mechanism (“CDM”) of the Kyoto Protocol, established under the auspices of the United Nations Framework Convention on Climate Change. The Protocol commits countries to reducing their emissions of Green House Gasses (“GHGs”) by pre-determined amounts or compensates for maintained or higher GHGs emissions via emissions trading.

Based upon the on-going CDM contracts and the new attempt in the China Certified Emission Reduction (“CCER”) Market in 2015, the Company gained the revenue of GBP ?1,004,199.04 in 2015.

There was a significant progress in the Europe CER Market in 2015 and the CER Price has an increase comparing with that in 2014. At the same time, to go with the strategy in CCER Market, the Company still dedicated itself to work at the relevant methodology and develop the new CCER projects.

I would like to extend my sincere thanks to the management and staff of the Company for performing the tasks with zeal, vision and dedication and as well as to our partners for their effective and efficient cooperation.

Outlook for 2016

In 2016, the company will develop the business focusing on the following areas:

1. To maintain the current advantages in the global carbon market;
2. To extend the new business in the China Energy Markets;
3. To strengthen management regulation, improve company’s management level and enroll high-quality talents.

……………………………

Mr. Kang Zheng

Chairman

Enquiries:

China CDM Exchange Centre Limited [e-mail]	[phone]end_of_the_skype_highlighting
ISDX Advisor: Alfred Henry Corporate Finance Ltd www.alfredhenry.com Jon Isaacs/Nick Michaels	020 7251 3762

The Directors accept responsibility for this announcement.

CHINA CDM EXCHANGE CENTRE LIMITED

INCOME STATEMENTS

	Notes	1/1/2015-12/31/2015		1/1/2014-12/31/2014
		RMB	GBP	RMB	GBP
Revenue	3	9,547,322.00	1,004,199.04	9,790,400.00	1,000,822.91
Cost of sales		(7,574,043.80)	(796,647.22)	(7,655,952.35)	(782,629.16)
Gross profit		1,973,278.20	207,551.82	2,134,447.65	218,193.75
		?	?
Selling expense		?	?
Administration expenses		(1,880,418.69)	(197,784.75)	(1,951,048.33)	(199,445.77)
		?	?
Profit from operations	4	92,859.51	9,767.07	183,399.32	18,747.98
		?	?
Foreign exchange gains		(31,647.89)	(3,328.76)	96,254.21	9,839.58
		?	?
Profit before income tax		61,211.62	6,438.31	279,653.53	28,587.56

The accompanying notes form an integral part of these financial statements. 

Average exchange rate:?2015?RMB/GBP?9.5074; ?2014?RMB/GBP?9.7824;

                                                                         CHINA CDM EXCHANGE CENTRE LIMITED

BALANCE SHEETS

	Note	12/31/2015		12/31/2014
		RMB	GBP	RMB	GBP
Non-current assets
Property Plant and Equipment	5	83,734.55	8,707.93	88,708.13	9,294.94
Long term investment	6	372,042,500.00	38,690,346.20	372,042,500.00	38,983,046.41
Intangible assets	7	?	?
Total non-current assets		372,126,234.55	38,699,054.13	372,131,208.13	38,992,341.35
Current Assets		?	?
Trade receivable	8	55,914,527.82	5,814,799.22	61,312,611.22	6,424,406.81
Other receivables		?	?
Cash and cash equivalents	9	15,142,850.51	1,574,772.04	9,678,581.91	1,014,133.08
Financial assets at fair value through profit or loss		?	?
Total current assets		71,057,378.33	7,389,571.26	70,991,193.13	7,438,539.89
Total assets		443,183,612.88	46,088,625.39	443,122,401.26	46,430,881.24
Current Liabilities		?	?
Other payables		?	?
Total current liabilities		?	?
Capital and Reserves		?	?
Share capital	10	221,999,000.00	15,020,515.41	221,999,000.00	15,020,515.41
Capital surplus		1,064,345.56	109,974.13	1,064,345.56	109,974.13
Public product of surplus		49,336,357.17	3,383,675.49	49,336,357.17	3,383,675.49
Undistributed profit		170,783,910.15	15,565,079.58	170,722,698.53	15,558,641.27
Foreign currency translation difference		?	12,009,380.78		12,358,074.94
Total shareholder’s equity		443,183,612.88	46,088,625.39	443,122,401.26	46,430,881.24
Total liabilities and shareholder’s equity		443,183,612.88	46,088,625.39	443,122,401.26	46,430,881.24

The accompanying notes form an integral part of these financial statements.                      

Exchange rate:?31 Dec., 2015?RMB/GBP?9.6159; ?31 Dec., 2014?RMB/GBP?9.5437;                      

CHINA CDM EXCHANGE CENTRE LIMITED

CASHFLOW STATEMENTS

	Note	1/1/2015-12/31/2015		1/1/2014-12/31/2014
		RMB	GBP	RMB	GBP
Cashflows from operating activities
Cashflows from operating operations:	11	5,495,916.49	578,067.24	3,277,432.73	335,033.61
Net cash generated from operating activities		?	?
Cashflows from investing activities		?	?
Cash payment for investment		?	?
Other investment		?	?
Net cash used in investing activities	12	?	?	(14,573.00)	(1,489.72)
Cashflows from financing activities		?	?
Proceeds from issuance of ordinary shares		?	?
Net cash used in financing activities		?	?
Gains on foreign transactions		(31,647.89)	(3,328.76)	96,254.21	9,839.53
Net (decrease)/increase in cash and bank balance		5,464,268.60	574,738.48	3,359,113.94	343,383.42
Cash and bank balance at the beginning of year		9,678,581.91	1,018,005.12	6,319,467.97	646,003.84
Cash and bank balance at the end of year		15,142,850.51	1,592,743.60	9,678,581.91	989,387.26

   The accompanying notes form an integral part of these financial statements.                      

Average exchange rate: ?2015?RMB/GBP?9.5074; ?2014?RMB/GBP?9.7824;

Details of the adjusted earnings per share are set out below:

	2015	2014	2013
Basic EPS (GBP)	0.0001	0.0002	0.0002
Earnings attributable to ordinary shareholders (GBP)	6,438.31	28,587.56	21,651.58
Weighted average number of shares	117,000,000	117,000,000	117,000,000