China Clean Development Mechanism Fund ("China CDM Fund") was established by the Government of China as a pioneering effort of great international significance to take actions of addressing climate change, and to play a piloting role in tackling climate change through international cooperation. The China CDM Fund is one of the first significant steps that the Government of China has taken to clearly demonstrate the importance that it attaches to global climate change, and in supporting the development of sustainable climate change and low carbon related business and industries.

October 2005, MOF, NDRC, MOFA and MOST jointly launched the preparation activity of establishing the CDM Fund. In August 2006, the State Council approved establishing the CDM Fund and its Management Center. On Nov. 9, 2007, MOF and NDRC formally inaugurated the China CMD Fund. The China CDM Fund's Mandate is under the guidance of a national sustainable development strategy to support and promote national activities of addressing climate change. The China CDM Fund is created as a policy-oriented and development focused non-profit, long-term and open-ended state-owned fund. The China CDM Fund will rely on extensive domestic and international cooperation to enhance its operation, and give full play as a funding source, a platform of financial cooperation, a platform of cooperative actions and a platform of information collection and dissemination. The Board of the China CDM Fund is the inter-departmental coordination institution for CDM Fund affairs.

Sinoaccess Corporation ("Sinoaccess") was established in early 2000 and based in Beijing to focus on investments in the clean-energy, renewable energy, environmental, and carbon markets in China.

Sinoaccess recognizes the growing scientific and political consensus that emissions of carbon dioxide and other greenhouse gases are contributing to climate change worldwide. Sinoaccess further recognizes that our partner companies and markets face significant risks and opportunities associated with climate change, either indirectly through changes in the regulatory environment or directly through changes in the physical investment environment.

Sinoaccess has extensive experience in project development and investment in Kyoto Protocol compliant CDM Project-based Carbon Credits and has entered into formal strategic relationships since 2008 with the Ministry of Water Resources ("MOWR"), and the CDM Fund to develop CDM and low carbon related infrastructure investments in China, across different sectors and technology types, focused on sustainable low carbon development, clean-energy technologies, and more recently has convened strategic relationships and associated programs with the MOWR relative to water scarcity and resource management and the Ministry of Environmental Protection, China relative to environmental remediation throughout China.