RoboSense Technology Co., Ltd — Capital/Financing Update 2007

Jun 26, 2007

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(a joint stock limited Company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 1108)

Announcement in Relation to the Progress of Transfer of State-owned Shares in the Controlling Shareholder of the Company at Nil Consideration

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “SEHK”).

Luoyang Glass Company Limited (the “Company”) and all members of the Board (the “Board”) of Directors (the”Directors”) of the Company hereby warrant the truth, accuracy and completeness of the contents in this announcement, and accept joint and several responsibilities for any false information, misleading statements or material omission in this announcement.

Reference is made to the announcements of the Company dated 18 December 2006, 30 March 2007, 4 April 2007 and 8 June 2007 respectively.

The Company received a notice from China Luoyang Float Glass (Group) Company Limited (”CLFG” ), the controlling shareholder of the Company. On 22 June 2007, the State-owned Assets Supervision and Administration Commission of the State Council issued “Reply and Approval in relation to the Transfer at Nil consideration of State-owned Shares in China Luoyang Float Glass (Group) Company Limited” (No.552 (2007) Guo Zi Chan Quan) and approved the transfer of 70% shares in CLFG held by Luoyang State-owned Assets Operation Company to China National Building Material Group Corporation (“CNBMG”) at nil consideration.

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As CNBMG will indirectly held 35.80% equity interests in the Company through CLFG after the present transfer of state-owned shares at nil consideration, CNBMG shall perform the acquisition procedures of listed companies and shall obtain China Securities Regulatory Commission’s approval of “Acquisition Report on Luoyang Glass Company Limited” without objection and its waiver of CNBMG from performance of the obligations in the general offer in accordance with the “Administrative Measures for Acquisitions of Listed Companies”of the People’s Republic of China (the “PRC”).

CNBMG will amend the “Acquisition Report on Luoyang Glass Company Limited” and the document of application for waiver from general offer, and will submit supplementary materials to China Securities Regulatory Commission.

Trading in the H shares of the Company on the SEHK has been suspended since 31 October 2006 and will remain suspended pending release of further announcements by the Company relating to the recoverability of the Company’s receivables from CLFG and its subsidiaries.

By order of the Board Cao Mingchun Secretary to the Board

Luoyang, the PRC 25 June 2007

As at the date of this announcement, the Board comprises five executive Directors: Mr. Zhu Leibo, Mr. Zhang Shaojie, Mr. Zhu Liuxin, Mr. Jiang Hong and Mr. Ding Jianluo, and four independent non-executive Directors: Mr. Zhang Zhanying, Mr. Guo Aimin, Mr. Xi Shengyang and Mr. Dong Chao.

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