RoboSense Technology Co., Ltd — Earnings Release 2018

Jan 26, 2018

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 ON ESTIMATED INCREASE IN ANNUAL RESULTS FOR THE YEAR 2017

The board (the “ Board ”) of directors (the “ Directors ”) of Luoyang Glass Company Limited* (the “ Company ”) and all of its Directors warrant that there are no false information, misleading statements or material omissions in this announcement, and accept joint and several responsibilities for the truthfulness, accuracy and completeness of its contents.

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 “ Listing Rules ”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

IMPORTANT NOTICE:

1. The realized net profit attributable to the shareholders of the Company for the year 2017 is expected to increase by approximately RMB7.98–9.98 million, representing an increase by approximately 69.27–86.63%, as compared with that for the corresponding period last year.

2. This estimated increase in the results of the Company is mainly attributable to the timely adjustment of the product structure of the Company in response to the recovery of the electronic glass market in 2017 and the increase in the selling prices of products. The year-on-year increase of profit arising from the principal business is expected to be approximately RMB55.00 million.

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1. In respect of the net profit attributable to the shareholders of the Company after deducting extraordinary profit or loss, it is expected that there will be a reduction in loss of approximately RMB32.24–34.24 million as compared with the corresponding period last year.

I. ESTIMATED RESULTS FOR THE CURRENT PERIOD

• (1) Period to which the estimated results apply

  • 1 January 2017 to 31 December 2017.

• (2) Estimated Results

  1. Based on the preliminary calculation by the finance department of the Company, the realized net profit attributable to the shareholders of the Company for the year 2017 is expected to increase by approximately RMB7.98–9.98 million, representing an increase by approximately 69.27–86.63%, as compared with that for the corresponding period last year.

  2. In respect of the net profit attributable to the shareholders of the Company after deducting extraordinary profit or loss, it is expected that there will be a reduction in loss of approximately RMB32.24–34.24 million as compared with the corresponding period last year.

• (3) The estimated results for the current period have not been audited by the certified accountants.

II. RESULTS FOR THE CORRESPONDING PERIOD LAST YEAR

• (1) The net profit attributable to the shareholders of the Company was RMB11.52 million. The net profit attributable to the shareholders of the Company after deducting extraordinary profit or loss was RMB-76.91 million.

• (2) Earning per share: RMB0.02 per share.

III. MAIN REASONS FOR THE ESTIMATED INCREASE IN RESULTS FOR THE CURRENT PERIOD

During the reporting period, the electronic glass market recovered and the selling prices of products increased. The Company made timely adjustment to the product structure. The year-on-year increase of profit arising from the principal business is expected to be approximately RMB55.00 million.

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IV. RISK WARNING

There are no significant uncertainties of the Company which may affect the accuracy of this results forecast.

V. OTHER INFORMATION

The above estimated figures are preliminary accounting data only. Investors should refer to the audited annual report for the year 2017 to be formally announced by the Company for specific and accurate financial data of the Company. Investors are advised to exercise caution when dealing in the shares of the Company

By order of the Board Luoyang Glass Company Limited Zhang Chong* Chairman

Luoyang, the PRC 26 January 2018

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; one non-executive Director: Mr. Xie Jun; 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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