Half-yearly Report

4 September 2008

              China CDM Exchange Centre ("CCEC" or "the Company)               

               Interim Results for six months ended 30 June 2008               

                             Chairman's Statement                              

I am pleased to announce a good set of results for the six months ended 30 June
2008.

Highlights include:

  * Profit after tax of GBP829,000   
  * 25 new contracts signed in 2008, with total contracted tonnes of 16 million
    to 2012   
  * Currently 83 contracts in portfolio, with contracted tonnes of 113 million
    to 2012   
  * GBP10 million of new capital raised in the period
   
Financial and operating overview

CCEC is a provider of brokerage, advisory and research services relating to
carbon credits. Incorporated in Jersey, with operations in China, CCEC is
estimated to be the largest source of carbon credits. The Company works with
businesses and projects that have the capacity to generate carbon credits, and
assists the project owner in securing, identifying buyers for, and selling on,
those carbon credits.

In the six months to 30 June 2008 the Company achieved profits after tax of
GBP828,567 (2007 GBP931,518) on revenue of GBP980,191 (GBP1,027,161), a slight
reduction on 2007 as we adjusted our internal approval process, with contracts
signed only after the completion of on site due diligence, which resulted in a
delay of some, and abandoning of other, small projects.

Since the beginning of the year, 25 new contracts have been signed exclusively
by Beijing Changjiang River International Holding ("CRIH"), the alliance of
CCEC, totalling an estimated 16 million tonnes of carbon credits which CCEC
will advise on up to 2012. This brings the total number of contracts to 83,
with total contracted tonnes of 113 million to 2012.

To date, the Designated National Authority of the Chinese Government has issued
Letters of Approval under the Clean Development Mechanism for 15 renewable
energy projects being developed by China CDM's clients, totalling 17.33 million
tonnes of carbon credits to 2012. Three further projects, representing 5.5
million tonnes of carbon credits to 2012, were also recently validated.

Earlier this year we raised an additional GBP10 million of capital via the
issue of new shares to provide capital to expand the business. Together with
the GBP5 million raised at the end of last year, it puts us in a strong
position to win new projects.

Outlook

The new projects are in a range of industries, including forestry, waste heat
recovery, large and medium-sized hydropower projects, , diversifying the
Company's customer base and range of operations as we continue to expand the
business.

Through cooperation with key energy companies in China, we expect to continue
to have access to high quality CDM resources in hydropower, wind power, natural
gas, biomass and other clean energy generation sectors, and maintain our
leading position in Asia's CDM industry.

Zheng Kang
4 September 2008


China CDM Exchange Centre Limited
Income Statement for six months ended 30 June 2008

                                                         2008          2007 
                                                                            
                                                          GBP           GBP 
                                                                            
Revenue                                               980,191      1,027,161
                                                                            
Operating expenses                                  (151,623)       (95,077)
                                                                            
Operating profit                                      828,567        932,084
                                                                            
Interest received                                           -             34
                                                                            
Profit on ordinary activities before taxation         828,567        932,118
                                                                            
Tax                                                         -          (600)
                                                                            
Profit on ordinary activities after taxation          828,567        931,518
                                                                            

China CDM Exchange Centre Limited                                     
                                                                      
Balance Sheet at 30 June 2008                                         

                                                          2008            2007
                                                                              
                                                           GBP             GBP
                                                                              
NON CURRENT ASSETS                                                            
                                                                              
Fixed assets                                            41,134               -
                                                                              
Tangible assets                                              -           2,807
                                                                              
Long-term investments                               17,568,476               -
                                                                              
                                                    17,609,610           2,807
                                                                              
CURRENT ASSETS                                                                
                                                                              
Trade and other receivables                            856,758       1,450,274
                                                                              
Cash and cash equivalents                           20,294,593          70,991
                                                                              
Prepayments                                              2,923             120
                                                                              
                                                    21,154,274       1,521,385
                                                                              
TOTAL ASSETS                                        38,763,884       1,524,192
                                                                              
CURRENT LIABILITIES                                                           
                                                                              
Trade and other payables                             (537,604)       (211,683)
                                                                              
Accrued and other liabilities                                -        (10,333)
                                                                              
                                                     (537,604)       (222,017)
                                                                              
NET ASSETS                                          38,226,280       1,302,175
                                                                              
CAPITAL AND RESERVES                                                          
                                                                              
Paid up capital                                     15,222,662         100,000
                                                                              
Capital reserve                                     18,569,541               -
                                                                              
Retained earnings                                    4,434,077       1,202,175
                                                                              
TOTAL EQUITY                                        38,226,280       1,302,175


Notes to the financial statements

1. Basis of preparation

The results for the Company for the period 1 January 2008 to 30 June 2008 are
unaudited and have been prepared in accordance with International Financial
Reporting Standards.

The financial statements contained in this report do not constitute statutory
accounts.

2. Dividend

The directors do not recommend the payment of a dividend.

The Directors of China CDM Exchange Centre Limited accept responsibility for
this announcement.

For further information please contact:

Carol Chen                             Andrew Dunn
London Asia Corporate Finance          Tavistock Communications
Tel: [phone]                    Tel: [phone]


About China CDM Exchange Centre Ltd

Headquartered in Beijing, China, CCEC is a Jersey incorporated company
providing brokerage, advisory and research services relating to the reduction
of greenhouse gases in Asia. It works with businesses and projects that
generate carbon credits, and assists the project owner to identify buyers for
and sell on those carbon credits.

As well as providing advice to projects which generate carbon credits, CCEC
also acts as an emissions broker and maintains its own carbon trading
portfolio. It also manages an on-line platform for environmental commodity
transactions in China.