Annual Financial Report

China CDM Exchange Centre Limited

Final results for the year ended 31 December 2010

Chairman's Statement

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.

The Year 2010 was another very good year for CDM development, which has become
the main way for developing Countries and developed countries to co-operate to
protect World Climate. Furthermore, the development of CDM, as an
environment-friendly industry, is now beginning to receive much more
recognition in China. During the year, the Company still maintained the rising
momentum based upon excellent internal resources support and made significant
progress in CDM project development.

I, as Chairman of China CDM Exchange Centre Limited, am very pleased to
announce that for the year ended Dec. 31, 2010, the Company achieved a revenue
of ï¿¥83,751,194.70 (GBP8,024,604.74), which is 4.4% higher than the
corresponding period of the last year. The Company has realized increased
revenue in 4 years running from the financial year 2007. And it should be noted
that at the year end, the Company had no bank debts.

During the Year 2010, our Company also carried out the equity investments in
the Energy field, which promoted the company onto a diversity-oriented
development arena.

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 2011

In 2011, the company will develop the business focusing on the following areas:

 1. To establish the Company's role as market leader in the CDM Industry at
    home and abroad and maintain the Company's competitive advantages in new
    energy fields. Based upon pushing forward the projects available, the
    Company will actively develop new projects and maintain a close
    relationship with the project owners so as to make the projects run
    effectively and efficiently.
   
 2. Based upon the clear awareness about the company development, continuously
    expanding the investing fields and maintaining the enterprise diversified
    development.
   
 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             +86 010                              
                                              65101886end_of_the_skype_highlighting
[e-mail]                                                           
                                                                                   
PLUS Advisor:                                 020 7251 3762                        
                                                                                   
Alfred Henry Corporate Finance Ltd                                                 
                                                                                   
www.alfredhenry.com                                                                
                                                                                   
Jon Isaacs/Nick Michaels                                                           

The Directors accept responsibility for this announcement.

CHINA CDM EXCHANGE CENTRE LIMITED                                                  
                                                                                   
INCOME STATEMENT                                                                   
                                                                                   
                Notes 1/1/2010-12/31/2010            1/1/2009-12/31/2009           
                                                                                   
                      RMB             GBP            RMB             GBP           
                                                                                   
Revenue               83,751,194.70   8,024,604.70   80,230,014.55   7,718,840.54  
                                                                                   
Cost of sales         (8,321,330.27)  (797,306.67)   (10,929,073.52) (1,051,474.02)
                                                                                   
Gross profit          75,429,864.43   7,227,298.06   69,300,941.03   6,667,366.52  
                                                                                   
Selling expense       (11,157,415.35) (1,069,045.62) (2,346,364.98)  (225,741.17)  
                                                                                   
Administration        (1,932,078.34)  (185,121.72)   (2,778,332.55)  (267,300.29)  
expenses                                                                           
                                                                                   
Profit from           62,340,370.74   5,973,130.72   64,176,243.50   6,174,325.06  
operations                                                                         
                                                                                   
Foreign               (1,095,079.36)  (104,924.82)   237,154.07      22,816.33     
exchange gains                                                                     
                                                                                   
Profit before         61,245,291.38   5,868,205.90   64,413,397.57   6,197,141.39  
income tax                                                                         
                                                                                   
Net profit            61,245,291.38   5,868,205.90   64,413,397.57   6,197,141.39  
                                                                                   
Earnings per    1     RMB0.52         GBP0.05        RMB0.55         GBP0.05       
share                                                                              
                                                                                   
The accompanying notes form an integral part of these financial statements.        
                                                                                   
Average exchange rate:（2010）RMB/GBP：10.4368; (2009) RMB/GBP: 10.3941               

CHINA CDM EXCHANGE CENTRE LIMITED                                                  
                                                                                   
BALANCE SHEET                                                                      
                                                                                   
                          12/31/2010                   12/31/2009                  
                                                                                   
                          RMB            GBP                                       
                                                                                   
Non-current assets                                                                 
                                                                                   
Property Plant and        337,547.43     33,033.94     458,640.15     41,778.12    
Equipment                                                                          
                                                                                   
Long term investment      372,042,500.00 36,409,788.02 215,242,500.00 19,606,713.43
                                                                                   
Intangible assets         144,320,000.06 14,123,818.29 162,360,000.00 14,789,579.16
                                                                                   
Total non-current assets  516,700,047.49 50,566,640.65 378,061,140.15 34,438,070.71
                                                                                   
Current Assets                                                                     
                                                                                   
Trade receivable          68,121,055.03  6,666,639.43  8,531,658.89   777,159.67   
                                                                                   
Other receivables                                      2,374.98       216.34       
                                                                                   
Cash and cash equivalents 13,613,343.57  1,332,264.35  11,833,980.63  1,077,972.37 
                                                                                   
Financial assets at fair                               156,800,000.00 14,283,111.68
value through profit or                                                            
loss                                                                               
                                                                                   
Total current assets      81,734,398.60  7,998,903.78  177,168,014.50 16,138,460.06
                                                                                   
Total assets              598,434,446.09 58,565,544.43 555,229,154.65 50,576,530.77
                                                                                   
Capital and Reserves                                                               
                                                                                   
Share capital             221,999,000.00 15,020,515.41 221,999,000.00 15,020,151.41
                                                                                   
Capital surplus           145,384,345.62 15,503,673.20 163,424,345.56 15,690,475.18
                                                                                   
Surplus reserve           49,336,357.17  3,383,675.49  49,336,357.17  3,383,675.49 
                                                                                   
Retained earnings         181,714,743.30 16,661,838.95 120,469,451.92 10,793,633.05
                                                                                   
Foreign currency                         7,995,841.38                 5,688,231.64 
translation difference                                                             
                                                                                   
Total shareholder's       598,434,446.09 58,565,544.43 555,229,154.65 50,576,530.77
equity                                                                             
                                                                                   
Total liabilities and     598,434,446.09 58,565,544.43 555,229,154.65 50,576,530.77
shareholder's equity                                                               
                                                                                   
The accompanying notes form an integral part of these financial statements.        
                                                                                   
Exchange rate:（31 Dec., 2010）RMB/GBP：10.2182; (31 Dec., 2009) RMB/GBP: 10.9780     

CHINA CDM EXCHANGE CENTRE LIMITED                                                     
                                                                                      
CASHFLOW STATEMENT                                                                    
                                                                                      
                            1/1/2010-12/31/2010         1/2009-12/31/2009             
                                                                                      
                            RMB            GBP          RMB             GBP           
                                                                                      
Cashflows from operating                                                              
activities                                                                            
                                                                                      
Cashflows from operating    2,874,442.30   359,216.80   52,837,756.94   4,972,738.05  
operations:                                                                           
                                                                                      
Net cash generated from     2,874,442.30   359,216.80   52,837,756.94   4,972,738.05  
operating activities                                                                  
                                                                                      
Cashflows from investing                                                              
activities                                                                            
                                                                                      
Cash payment for investment                             (30,000,000.00) (2,886,266.66)
                                                                                      
Other investment                                        (20,000,000.00) (1,924,177.77)
                                                                                      
Net cash used in investing                              (50,000,000.00) (4,810,444.43)
activities                                                                            
                                                                                      
Cashflows from financing                                                              
activities                                                                            
                                                                                      
Proceeds from issuance of                                                             
ordinary shares                                                                       
                                                                                      
Net cash used in financing                                                            
activities                                                                            
                                                                                      
Gains on foreign            (1,095,079.36) (104,924.82) 237,154.07      22,816.33     
transactions                                                                          
                                                                                      
Net(decrease)/increase in   1,779,362.94   254,291.98   3,074,911.01    185,109.95    
cash and bank balance                                                                 
                                                                                      
Cash and bank balance at    11,833,980.63  1,077,972.37 8,759,069.62    892,862.42    
the beginning of year                                                                 
                                                                                      
Cash and bank balance at    13,613,343.57  1,332,264.35 11,833,980.63   1,077,972.37  
the end of year                                                                       
                                                                                      
The accompanying notes form an integral part of these financial statements.           
                                                                                      
Average exchange rate:（2010）RMB/GBP：10.4368; (2009) RMB/GBP: 10.3941                  
                                                                                      
Notes                                                                                 
                                                                                      
1. Earnings per share                                                                 
                                                                                      
The calculation of earnings per ordinary share is based on earnings after tax         
and the weighted average number of ordinary shares in issue during the year.          

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

                                                2010             2009          
                                                                               
Basic EPS (GBP)                                 0.05             0.05          
                                                                               
Earnings attributable to ordinary shareholders  5,868,205.90     6,197,141.39  
(GBP)                                                                          
                                                                               
Weighted average number of shares               117,000,000      117,000,000