Launch Tech Company Limited — Capital/Financing Update 2019

May 3, 2019

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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 circular of Launch Tech Company Limited (the “ Company ”) dated 30 April 2019 (the “ Circular ”) in relations to the proposed capitalisation issue under profit distribution. Unless otherwise stated, definitions and terms used herein shall bear the same meanings as defined in the Circular.

The Company noted that there was an inadvertent clerical mistake made in the English version of the Circular and would like to clarify that the first paragraph under (2) Proposed Capitalisation Issue in Appendix III, on page 16 shall be read as follows (with the correction underlined):

“The Board also proposed the issue of a total of 72,036,100 Capitalisation Shares, an aggregate nominal value of RMB72,036,100.00, by way of capitalisation of capital reserve of the Company on the basis of two (2) Capitalisation Shares for every ten (10) existing Shares.”

Save as disclosed herein, all other content of the Circular remains unchanged.

By Order of the Board Launch Tech Company Limited Liu Xin Chairman

Shenzhen, the PRC 3 May 2019

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, Mr. Xia Hui as non-executive Director, and Ms. Zhang Yan, Mr. Liu Yuan and Mr. Ning Bo as independent nonexecutive Directors.

• for identification only