Launch Tech Company Limited — Capital/Financing Update 2017

Aug 7, 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)

COMPLETION OF THE DOMESTIC SHARE SUBSCRIPTION

Reference is made to the circular of the Company dated 12 May 2017 in relation to, among others, the connected transaction in respect of the proposed subscription of new Domestic Shares, the proposed amendments to the articles of association of the Company, the application for Whitewash Waiver (the “ Circular ”), the announcement dated 28 May 2017 in relation to the poll result of the SGM and the Class Meetings, and the further announcement of the Company dated 2 August 2017. Unless otherwise defined, capitalised terms used herein shall have the same meaning as those set out in the Circular.

The Board announces that the conditions precedent under the Domestic Share Subscription Agreements entered into by the Company and Liu Xin, Rui Dong Hairun, Rui Dong Qicai, and Zhuhai Muyang respectively have been satisfied and completion of the Domestic Share Subscription under such Domestic Share Subscription Agreements took place on 7 August 2017. The Domestic Share Subscription Agreements between the Company and Guo Shanling ( 郭善苓 ) and Jiang Quanhong ( 姜全紅 ) respectively have been lapsed, details are set out in the Company’s announcement dated 2 August 2017.

Accordingly, after the completion of the Domestic Share Subscription, the registered and issued share capital of the Company was RMB375,460,000, which was divided into 164,160,000 H Shares, 191,680,500 Domestic Shares and 19,619,500 Non-H Foreign Shares.

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

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The Subscribers and their respectiveconcert partiesLiu Xin and parties acting in concert with it• Liu Xin• Shenzhen Langqu_(Note 2)• Shenzhen De Shi Yu(Note 3)• Shenzhen Yuan Zhong(Note 4)Xizang Ruidong and parties acting in concert with it• Xizang Ruidong(Note 1)_• Rui Dong Hairun• Rui Dong QicaiZhuhai MuyangSubtotal for the Subscribers and their respective concert partiesOther Non-H Foreign ShareholdersTotal Domestic and Non-H Foreign SharesH ShareholdersGuo Shanling (郭善苓)Jiang Quanhong (姜全紅)Other public H ShareholdersTotal H SharesTotal issued Shares

Immediately after the CompletionNumber ofShares heldApproximatepercentage oftotal issuedShares154,680,50041.20%66,000,00017.58%49,432,00013.17%9,948,5002.65%29,300,0007.80%31,000,0008.25%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 (Limited Partnership)* ( 深圳市元眾成有諮詢 有限合夥（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.

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

Hong Kong, 7 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 nonexecutive 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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