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RoboSense Technology Co., Ltd — Capital/Financing Update 2017
May 10, 2017
50628_rns_2017-05-10_0d8ebf6d-b116-4948-9d43-801650dac4f7.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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COMMENCEMENT OF CONSTRUCTION OF PUYANG ULTRA-WHITE SOLAR THERMAL MATERIAL PROJECT
Reference is made to the announcement of Luoyang Glass Company Limited* (the “ Company ”) dated 15 February 2017 (the “ Previous Announcement ”). Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those defined in the Previous Announcement.
As disclosed in the Previous Announcement, the Company planned to invest in construction of an ultra-white solar thermal material project (the “ Investment Project ”) in the industrial cluster district of Puyang County, Henan Province, the PRC, through CNBMG (Puyang) Photoelectric Material Co., Ltd.* (中建材(濮陽)光電材料 有限公司), a wholly-owned subsidiary of the Company.
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The Board is pleased to announce that the Investment Project formally commences construction on 10 May 2017 and the total investment amount of its first phase is expected to be approximately RMB800 million. The ultra-white solar thermal materials produced from the Investment Project are used as substrate glass for solar thermal power generation. The Company estimates to produce 16.8 million square meters of such materials annually from the Investment Project.
By Order of the Board of Luoyang Glass Company Limited Zhang Chong* Chairman
Luoyang, the PRC 10 May 2017
As at the date of this announcement, the Board comprises four executive Directors: Mr. Zhang Chong, Mr. Ni Zhisen, Mr. Wang Guoqiang and Mr. Ma Yan; three non-executive Directors: Mr. Zhang Chengong, Mr. Xie Jun and Mr. Tang Liwei; and four independent non-executive Directors: Mr. Jin Zhanping, Mr. Liu Tianni, Mr. Ye Shuhua and Mr. He Baofeng.
- For identification purposes only
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