Launch Tech Company Limited — Capital/Financing Update 2017

Aug 9, 2017

The Securities and Futures Commission, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.

深圳市元征科技股份有限公司 LAUNCH TECH COMPANY LIMITED *

(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock code: 2488)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of the Company dated 7 August 2017 (“ Completion Announcement ”) in relation to, inter alia , the completion of the Domestic Shares Subscription. Unless otherwise defined, capitalised terms used herein shall have the same meaning as those set out in the circular of the Company dated 12 May 2017. The Company wishes to make this announcement to make further disclosure of the information in the Completion Announcement.

Details of the shareholding structure of the Company immediately before and after completion of the Domestic Share Subscription are set out below.

	losure of the information in the Completion Announcement	losure of the information in the Completion Announcement
	.the shareholding structure of the Company immediately before and after complet
	hare Subscription are set out below.
The Subscribconcert paLiu Xin and P• Liu Xin• Shenzhen La• Shenzhen D• Shenzhen Y	Immediately before CompletionImmediatelyCompletion of thShare SubscNo. ofPercentage oftotal issuedNumber ofP	after thee Domesticriptionercentage oftotal issuedShares41.20%17.58%13.17%2.65%7.80%
	Share ClassShares heldSharesShares helders and their respectiveDomestic
	rtiesarties acting in concert with itDomestic125,380,50038.09%154,680,50066,000,00020.05%66,000,000ngqu_(Note 2)49,432,00015.02%49,432,000e Shi Yu(Note 3)9,948,5003.02%9,948,500uan Zhong(Note 4)_00%29,300,000

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Immediately before CompletionShare ClassNo. ofShares heldPercentage oftotal issuedSharesXizang Ruidong and parties acting in concertwith itDomestic20,000,0006.08%• Xizang Ruidong_(Note 1)_20,000,0006.08%• Rui Dong Hairun00%• Rui Dong Qicai00%Zhuhai MuyangDomestic00%Subtotal for the Subscribers and theirrespective concert partiesDomestic145,380,50044.17%Other Non-H Foreign ShareholdersNon-H Foreign19,619,5005.96%Total Domestic and Non-H Foreign SharesDomestic &Non-H Foreign165,000,00050.13%H ShareholdersGuo Shanling (郭善苓)H4,402,2501.34%Jiang Quanhong (姜全紅)H362,0000.11%Other public H Shareholders159,395,75048.42%Total H SharesH164,160,00049.87%Total issued Shares329,160,000100%

Immediately after theCompletion of the DomesticShare SubscriptionNumber ofShares heldPercentage oftotal issuedShares31,000,0008.25%20,000,0005.33%5,500,0001.46%5,500,0001.46%6,000,0001.60%191,680,50051.05%19,619,5005.23%211,300,00056.28%4,402,2501.17%362,0000.10%159,395,75042.45%164,160,00043.72%375,460,000100%

• Note 1: Xizang Ruidong holds 20,000,000 Domestic Shares on trust for and on behalf of Rui Feng Fund. The partners of Rui Feng Fund are Li Yan (李艷) (36%), Yu Nan (余楠) (59%) and Guo Shanling (郭善苓) (5%) (one of the Subscribers) who are all Independent Third Parties.

• Note 2: The legal and beneficial interests in the shares of Shenzhen Langqu are owned by Mr. Liu Xin as to 60% and by Mr. Liu Jun (an executive Director of the Company) as to 40% respectively. Mr. Liu Xin is therefore deemed to be interested in all domestic shares registered in the name of Shenzhen Langqu under Part XV of the SFO.

• Note 3: The legal and beneficial interests in the shares of Shenzhen De Shi Yu are owned by Mr. Liu Xin as to 40% and by Ms. Liu Yong (a non-executive Director of the Company) as to 60%. Mr. Liu Xin is therefore deemed to be interested in all domestic shares registered in the name of Shenzhen De Shi Yu under Part XV of the SFO.

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• Note 4: Shenzhen Yuan Zhong Cheng You Consultancy Limited Partnership* ( 深圳市元眾成有諮詢有限合夥 ) (“ Shenzhen Yuan Zhong ”) is a limited partnership established in PRC and controlled by Mr. Liu Xin for taking up the 29,300,000 new Domestic Shares subscribed by him. The general partner of Shenzhen Yuan Zhong is Mr. Liu Xin and the limited partner of Shenzhen Yuan Zhong is Shenzhen Gu Lu Yun Intelligent Technology Co., Ltd.* ( 深圳市 軲轆雲智能科技有限公司 ), which is a PRC limited company wholly owned by Mr. Liu Xin.

As at the date of Completion, there are no outstanding convertible securities, options, warrants or other subscription rights which can be converted into Shares of the Company.

Save as stated above, all the information in the Completion Announcement remains unchanged.

By Order of the Board Launch Tech Company Limited Liu Chun Ming Company Sercetary

Hong Kong, 9 August 2017

As at the date of this announcement, the board of directors of the Company comprises Mr. Liu Xin (Chairman), Mr. Liu Jun, Ms. Huang Zhao Huan and Mr. Jiang Shiwen as executive Directors, Ms. Liu Yong as non-executive Director, and Mr. Liu Yuan, Ms. Zhang Yan and Mr. Ning Bo as independent non-executive Directors.

All the Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

• for identification purpose only

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