RoboSense Technology Co., Ltd — Interim / Quarterly Report 2014

Oct 28, 2014

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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RESOLUTIONS OF THE BOARD MEETING

Luoyang Glass Company Limited* (the “ Company ”) and all members of the board (the “ Board ”) of directors (the “ 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 or material omissions in this announcement.

The 30th meeting of the seventh session of the Board of the Company (the “ Meeting ”) was convened at 9:00 a.m. on 28 October 2014 by way of combination of conference and telecommunication methods. There were ten Directors eligible for attending the Meeting, and ten of them attended the Meeting. The procedures for convening the Meeting was in compliance with the relevant requirements of the Company Law of the People’s Republic of China (the “ PRC ”) and the Articles of Association of the Company.

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The Meeting was presided over by Mr. Ma Liyun, the Chairman of the Company. The following resolutions were considered and approved by way of poll at the Meeting:

I. CONSIDERED AND APPROvED THE 2014 THIRD qUARTERLy REPORT OF THE COMPANy.

During the reporting period, the Company recorded operating revenue of RMB432,785,559.45. Net profit attributable to shareholders of the Company amounted to RMB7,250,484.21. Basic earnings per share were RMB0.0145 per share.

II. CONSIDERED AND APPROvED THE RESOLUTION ON ADOPTION OF THE RELEvANT CHINA ACCOUNTING STANDARDS FOR BUSINESS ENTERPRISES NEwLy ISSUED IN 2014.

In accordance with the specific requirements of the relevant China Accounting Standards for Business Enterprises revised by the Ministry of Finance of the PRC in 2014, the Company has adopted part of the standards in advance in the year 2013, and comprehensively adopted the above China Accounting Standards for Business Enterprises since 1 July 2014. The explanations on the respective adjustments of the related items and amounts at the beginning of the period pursuant to the requirement of “Notice on Improvement of Disclosure of the 2014 Third Quarterly Report of the Listed Companies” (《關於做好上市公司2014年第三季度報告披露工作的通知》) issued by Shanghai Stock Exchange are as follows:

• (I) Pursuant to the “Accounting Standards for Business Enterprises No.2 — Longterm Equity Investments”, an equity investment held by the Company for which the Company has no control, joint control or material impact, has no quotation in active market and its fair value cannot be reliably measured, shall be measured as a financial asset available for sale measured at costs rather than a long-term equity investment, and relevant adjustment will be applied to it retrospectively. The specific adjustments are as follows:

Unit: Yuan Curreny: RMB

31 December 30 June Impacted items in the statements 2013 2014 Long-term equity investments –7,000,000.00 –7,000,000.00 Financial assets available for sale 7,000,000.00 7,000,000.00

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Details of adjustments:

Unit: Yuan Currency: RMB

InvesteeCLFG Jingwei Glass Fibre Co., Ltd.CLFG Luoyang Jingjiu Glass ProductsCompany LimitedCLFG New Lighting Company LimitedLuoyang Jingxin Ceramic Co., LtdBank of Sanmenxia Co., Ltd.(三門峽銀行股份有限公司)Total	31 December201300007,000,000.007,000,000.00	30 June201400007,000,000.007,000,000.00

Explanations of the adjustments:

1. The cost of the long-term equity investments in CLFG Jingwei Glass Fibre Co., Ltd., CLFG Luoyang Jingjiu Glass Products Company Limited and CLFG New Lighting Company Limited amounting to RMB7,791,217.53 was transferred from the item of “long-term equity investments” to the item of “financial assets available for sale”. The provision of RMB7,791,217.53 for the impairment of long-term equity investments was transferred from the item of “provision for the impairment of long-term equity investments” to the item of “provision for the impairment of financial assets available for sale”;

2. The Company’s long-term equity investments of RMB7,000,000.00 in Bank of Sanmenxia Co., Ltd. was transferred from the item of “long-term equity investments” to the item of “financial assets available for sale”;

3. Luoyang Jingxin Ceramic Co., Ltd is currently in bankruptcy liquidation, on which the Company no longer has material impact. Its fair value is nil when it is measured as financial assets available for sale at cost rather than measured by the long-term equity investment equity method.

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The adoption of the above PRC Accounting Standards only has impact on the amount of the two items (i.e. financial assets available for sale and long-term equity investments) in the statements. It has no impact on the net profit and net assets in the consolidated financial statements of the Company for the year 2013 and current period.

• (II) Relevant circumstances regarding the adoption of “Accounting Standards for Business Enterprises No.9 — Employee’s Remuneration”, “Accounting Standards for Business Enterprises No.30 — Presentation of Financial Statements”, “Accounting Standards for Business Enterprises No.33 — Consolidated Financial Statements”, “Accounting Standards for Business Enterprises No.39 — Measurement of Fair Value”, “Accounting Standards for Business Enterprises No.40 — Joint Venture Arrangement” and “Accounting Standards of Business Enterprises No. 41 — Disclosure of Interests in Other Entities”:

The relevant businesses and items in relation to employee’s remuneration, presentation of financial statements, consolidated financial statements, measurement of fair value, joint venture arrangement and disclosure of interests in other entities in the financial statements of the Company for the year 2013 and current period have been calculated in accordance with the requirements of above standards. The adoption of these new standards has no impact on the amount of items in the financial statements of the Company for the year 2013 and current period.

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

Luoyang, the PRC 28 October 2014

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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