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RoboSense Technology Co., Ltd Capital/Financing Update 2015

Apr 10, 2015

50628_rns_2015-04-10_e6d77a86-f6b1-435f-bcfb-923c704a30d5.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.

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ANNOUNCEMENT IN RESPECT OF THE PROGRESS OF THE SIGNIFICANT ASSET RESTRUCTURING

Luoyang Glass Company Limited* (the “ Company ”) and all members of the board of directors of the Company warrant the truthfulness, accuracy and completeness of the contents of this announcement, and accept several and joint responsibilities for any false information, misleading statements in, or material omissions from this announcement.

References are made to the announcements of the Company dated 31 March 2015, 13 March 2015, 20 January 2015, 31 December 2014, 23 December 2014, 18 December 2014, 16 December 2014, 12 December 2014, 5 December 2014, 28 November 2014, 21 November 2014, 14 November 2014, 11 November 2014, 4 November 2014, 28 October 2014, 21 October 2014, 14 October 2014, 10 October 2014, 26 September 2014, 19 September 2014, 12 September 2014, 9 September 2014, 2 September 2014, 26 August 2014, 19 August 2014, 12 August 2014, 8 August 2014, 1 August 2014, 25 July 2014 and 18 July 2014 in relation to the significant asset restructuring. Capitalised terms used in this announcement shall have the same meanings as those defined in the announcements unless otherwise specified herein.

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This announcement is made by the Company pursuant to the Inside Information Provision under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

At the 33rd meeting of the seventh session of the Board of the Company convened on 31 December 2014, the proposal on significant asset swap, issuance of shares to acquire assets and raise supporting fund and connected transaction of the Company (the “ Transaction ”) and other relevant resolutions were considered and approved. Details of the Transaction have been disclosed in the announcement dated 31 December 2014 which is published on the websites of the Stock Exchange and Shanghai Stock Exchange. H Shares and A Shares of the Company have resumed trading since 2 January 2015 and 5 January 2015 respectively.

After disclosure of the restructuring proposal, the Company, the counterparty and relevant intermediaries have been actively carrying forward all the work in relation to the significant asset restructuring. To date, the assessment on underlying asset has generally completed while the Company is proceeding with the filing procedure for state-owned assets appraisal in accordance with relevant requirements regarding state-owned assets appraisal administration. In the meantime, the Company, together with relevant intermediaries including its financial advisor, independent financial advisor, lawyer, auditor and valuer, are preparing and modifying the documents in relation to the Transaction. Upon completion of relevant work, the Company will convene another Board meeting to consider all the matters involved in the Transaction then propose the same to the general meeting for consideration. The Company will, based on the progress of the significant asset restructuring, fulfill its obligations of information disclosure in a timely manner.

As at the date of this announcement, there is no undisclosed matter of the Company that may lead to the change in the nature of the Transaction.

As there are still uncertainties on the Transaction, shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares.

By order of the Board Luoyang Glass Company Limited * Ma Liyun Chairman

Luoyang, the PRC 10 April 2015

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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.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than those relating to CLFG) and confirm, having made all reasonable enquiries, 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.

The directors of CLFG jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than those relating to the Group) and confirm, having made all reasonable enquiries, 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 purposes only

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