Project Description: VCS Version 4.0 GUANGXI LUCHUAN IFM (CONVERSION OF LOGGED TO PROTECTED FOREST) PROJECT Guangzhou Guotan Assets Management Co., Ltd Add: Room 913, Tianan Developing Building, Tianan-TEP, No.555 Panyu Dadao North, Panyu District, Guangzhou, Guangdong Region, P.R.China Tel: +86 20 22885839 Project Title Guangxi Luchuan IFM (conversion of logged to protected forest) Project Version 4.0 Date of Issue 13/11/2021 Prepared By Guangzhou Guotan Assets Management Co., Ltd Contact Room 913, Tianan Developing Building, Tianan-TEP, No.555 Panyu Dadao North, Panyu District, Guangzhou, Guangdong Province, P.R.China Tel: +86 020 22885839, Email: zsh@guotanzichan.com Website: www.guotanzichan.com 1 V4.0 Project Description: VCS Version 4.0 CONTENTS 1 Project Details .................................................................................................. 4 1.1 Summary Description of the Project ................................................................................................................... 4 1.2 Sectoral Scope and Project Type ........................................................................................................................ 4 1.3 Project Eligibility .................................................................................................................................................. 4 1.4 Project Design ..................................................................................................................................................... 5 1.5 Project Proponent ............................................................................................................................................... 6 1.6 Other Entities Involved in the Project ................................................................................................................. 6 1.7 Ownership ........................................................................................................................................................... 7 1.8 Project Start Date................................................................................................................................................ 7 1.9 Project Crediting Period ...................................................................................................................................... 7 1.10 Project Scale and Estimated GHG Emission Reductions or Removals .............................................................. 7 1.11 Description of the Project Activity ....................................................................................................................... 9 1.12 Project Location ................................................................................................................................................ 11 1.13 Conditions Prior to Project Initiation ................................................................................................................. 12 1.14 Compliance with Laws, Statutes and Other Regulatory Frameworks .............................................................. 13 1.15 Participation under Other GHG Programs ........................................................................................................ 13 1.16 Other Forms of Credit ....................................................................................................................................... 14 1.17 Additional Information Relevant to the Project ................................................................................................ 14 2 Safeguards ..................................................................................................... 14 2.1 No Net Harm ..................................................................................................................................................... 15 2.2 Local Stakeholder Consultation ........................................................................................................................ 15 2.3 Environmental Impact ....................................................................................................................................... 17 2.4 Public Comments .............................................................................................................................................. 17 2.5 AFOLU-Specific Safeguards .............................