VOLUNTARY CANCELLATION CERTIFICATE

Presented to

Studio Designs Limited

Project(s):

Zhejiang Tangcun 32MW Hydropower Project

Reason for cancellation

I am offsetting greenhouse gas emissions for my company

Number of units cancelled
600 CERs
Equivalent to 600 tonne(s) of CO2
Start serial number: CN-5-1014268310-2-2-0-6447
End serial number: CN-5-1014268909-2-2-0-6447