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RoboSense Technology Co., Ltd Capital/Financing Update 2015

Dec 4, 2015

50628_rns_2015-12-04_72feb575-2dea-4faa-97a0-ecd921ea8a8e.pdf

Capital/Financing Update

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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 purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

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ANNOUNCEMENT IN RELATION TO THE APPROVAL OF THE SIGNIFICANT ASSET RESTRUCTURING BY THE CSRC VETTING COMMITTEE

The board of directors of Luoyang Glass Company Limited* (the “ Company ”) and all directors warrant that there are no false representations or misleading statements contained in, or material omissions from this announcement, and severally and jointly accept responsibilities for the truthfulness, accuracy and completeness of the contents contained herein.

This announcement is made by the Company pursuant to Rule 13.09(2)(a) of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Unless otherwise stated, capitalised terms used in this announcement shall have the same meaning as those used in the Company’s circular (the “ Circular ”) dated 10 August 2015 and the announcement of the Company dated 6 November 2015 in relation to, among other things, the acquisition, disposal and connected transactions of the Company.

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Following the notice from the CSRC received by the Company on 13 November 2015 (please refer to the announcement of the Company dated 13 November 2015 in relation to, among other things, the approval of the significant asset restructuring by the CSRC Vetting Committee for details), the Company, on 4 December 2015, received the Reply in relation to the Approval of Issuance of Shares by Luoyang Glass Company Limited to China Luoyang Float Glass (Group) Company Limited for Asset Acquisition and Raising of Supporting Funds Proceeds (CSRC Permit [2015] No. 2813) from the CSRC, approving the Company’s significant asset restructuring. The principal terms of the approval are as follows:

  1. The issuance of 15,000,000 Shares by the Company to CLFG for relevant asset acquisition was approved.

  2. The non-public issuance of up to 32,137,519 new Shares by the Company for raising the proceeds of supporting funds from the issuance of Shares for asset acquisition was approved.

  3. The Company shall strictly comply with the proposals and relevant application documents lodged to the CSRC in relation to the asset acquisition through the issuance of Shares and the proceeds of supporting funds raised.

  4. The Company shall perform its disclosure obligations in a timely manner in accordance with the relevant requirements.

  5. The Company shall proceed with the relevant formalities for the issuance of Shares in accordance with the relevant requirements.

  6. The approval shall be effective for twelve months from the issue date thereof by the CSRC (i.e. 3 December 2015).

  7. The Company shall report any major events occurred or significant issues encountered that shall be disclosed as required by laws and regulations to the CSRC during the implementation process.

All conditions for the Formal Agreement to become effective have been fulfilled and the Company is following up with the matters to completion of the Formal Agreement. The Company will make appropriate announcement(s) as and when necessary.

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By order of the Board LUOYANG GLASS COMPANY LIMITED Ma Liyun* Chairman

Luoyang, the PRC 4 December 2015

As at the date of this announcement, the Board comprises four executive Directors: Mr. Ma Liyun, Mr. Ni Zhisen, Ms. Sun Lei and Mr. Xie Jun; two non-executive Directors: Mr. Zhang Chengong and Mr. Zhang Chong; and four independent non-executive Directors: Mr. Huang Ping, Mr. Dong Jiachun, Mr. Liu Tianni and Mr. Jin Zhanping.

  • for identification purposes only

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