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RoboSense Technology Co., Ltd Investor Presentation 2014

Dec 23, 2014

50628_rns_2014-12-23_dd179968-5b7b-4850-8640-4ee69e42ee4f.pdf

Investor Presentation

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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 ON THE DETAILS OF THE INVESTOR BRIEFING SESSION CONVENED

Luoyang Glass Company Limited (the “ Company ” or “ Luoyang Glass ”) 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 Company convened the investor briefing session through the “SSE e-interview” column on the “SSE e-interaction” network platform of Shanghai Stock Exchange (http://sns.sseinfo.com) from 10:00 a.m. to 11:30 a.m. on 22 December 2014 to communicate and exchange with the investors in respect of the matters of investors’ general concerns regarding the significant asset restructuring of the Company.

I. CONVENING OF THE BRIEFING SESSION

On 18 December 2014, the Company published the “Luoyang Glass Company Limited — Announcement on Convening Investor Briefing Session”.

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On 22 December 2014, Mr. Ma Liyun (the chairman of the Company), Ms. Sun Lei (financial controller), Ms. Wu Zhixin (the secretary to the Board) and the representative of the independent financial adviser attended the investor briefing session, and interactively exchanged and communicated with the investors and answered investors’ questions of general concern.

II. PRINCIPAL qUESTIONS RAISED By THE INVESTORS DURING THE BRIEFING SESSION AND THE REPLIES OF THE COMPANy

The Company has answered the investors’ questions of concern at the investor briefing session (on the “SSE e-interaction” online platform). The relevant questions and answers are summarized as follows:

q1. The trading of A shares of Luoyang Glass has been suspended for over 5 months, during which the investors missed a great opportunity. My questions are: What are the reasons for such a long trading suspension? Which stage is the significant asset restructuring in? What are the remaining procedures and what is the estimated time for the resumption of trading? Thank you.

A: First of all, we would like to apologize for the inconveniences caused to the investors by the long trading suspension of the Company’s A shares! As the significant asset restructuring involves a number of entities with relatively complicated asset situations and there are communication and approval procedures, and as the Company is an A+H shares listed company, relevant matters and disclosure documents in respect of this restructuring are subject to the review of and the approval in principle from the regulatory authorities in the PRC and Hong Kong. Up to now, the relevant review works have not yet been completed. Therefore, in order to safeguard the interests of the investors and promote the smooth progress of this restructuring, the Board decided to delay the resumption of trading.

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Currently, the Company is finalizing and perfecting the details of relevant matters in respect of this restructuring. At the same time, revisions and perfections are also made to the relevant disclosure documents in respect of this restructuring in accordance with the requirements and review opinions of the regulatory authorities in the PRC and Hong Kong. Upon the approval on the relevant documents after reviewed by the regulatory authorities, the Company will promptly convene a Board meeting to consider the significant asset restructuring matters and announce the resumption of trading.

q2. Would you please give an explanation for the long suspension?

A: Thank you for your support. We understand your feelings. In fact, we are also looking forward to the trading to be resumed as soon as possible, and we are trying our best to accelerate the progress of each work. At present, parties involved in the restructuring are finalizing and perfecting the details of relevant matters, and the documents in relation to the restructuring are under review by the regulatory authorities. Upon the completion of the review works, the Company expects to convene a Board meeting to consider the significant asset restructuring matters promptly and announce the resumption of trading. We apologize for the inconveniences caused by the long trading suspension of the Company’s A shares. Thank you for your recognition and support for the Company.

q3. If this restructuring succeeds, what are the direct effects on the Company, such as asset scale and structure, profitability, products and the industrial chain?

A: The purpose of the significant asset restructuring by the Company is to improve the existing business situations of the Company as soon as possible and to enhance the profitability of the Company. Details of this restructuring would be disclosed in the preliminary restructuring proposal, so please pay attention to the then announcement to be released! We also truly hope to promote this significant asset restructuring as soon as possible through the efforts of the Company and the support from all its shareholders and the investors.

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q4. After such a long trading suspension, will there be issuance of shares of the Company?

A: This significant asset restructuring involves asset swap, the acquisition of asset through the issuance of shares and the raising of supporting funds. Specific plan would be announced after the confirmation of all matters related to this significant restructuring and the convening of Board meeting to consider the significant asset restructuring matters, so please pay attention to the then relevant announcements of the Company.

q5. How is the profitability of Bengbu China National Building Materials Information Display Material Company* ( 蚌埠中建材信息顯示材料公司 ) which would be acquired by the Company?

A: The asset to be acquired would be the 100% equity interest of Bengbu China National Building Materials Information Display Material Company* ( 蚌埠中 建材信息顯示材料有限公司 ). The basic information and profitability of the acquired assets would be disclosed in the preliminary restructuring proposal. Please pay attention to the then announcements.

q6. As you mentioned just now, details of the restructuring would be disclosed in the preliminary restructuring proposal. I would like to know when the restructuring proposal would be published.

A: The relevant parties are finalizing and improving the details of relevant matters in respect of the restructuring at present, and the documents relating to the restructuring are under review by regulatory authorities. Upon completion of all the review works, a Board meeting would be convened to consider the significant assets restructuring matters and the preliminary restructuring proposal would be announced. Again, we want to extend our gratitude for your recognition and support for the Company.

q7. Is the restructuring a backdoor listing?

A: The nature of the restructuring would be disclosed in the restructuring proposal. Please pay attention to the information of the then announcement.

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q8. I would like to know about the restructuring progress and relevant follow-up works. Could you specify an approximate time for the resumption of trading in shares?

A: At present, the due diligence, legal, audit, valuation and other relevant work involved in this significant assets restructuring of the Company have basically been completed. The preliminary plan of the significant assets restructuring and relevant disclosure documents have been pre-reviewed by the State-owned Assets Supervision and Administration Commission of the State Council and the Shanghai Stock Exchange, respectively. The Company is currently finalizing and improving the details of relevant matters relating to the restructuring. At the same time, revisions and perfections are also made to the relevant disclosure documents in respect of this restructuring in accordance with the requirements and review opinions of the regulatory authorities in the PRC and Hong Kong. Upon the approval on the relevant documents after reviewed by the regulatory authorities, the Company will promptly convene a Board meeting to consider the significant asset restructuring matters and announce the resumption of trading. Thank you for your attention.

q9. During the approximately half year of suspension of the trading in shares, the Shanghai Stock Exchange Composite Index increased from 2,600 to more than 3,000, and stock prices of other companies doubled or tripled, what is your estimated stock price of the Company after resumption of trading that can bring certain return to the investors?

A: Thank you very much for your attention on the Company, the performance of the stock price of the Company after resumption of trading will depend on the market trading situations and other various factors.

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q10. Is circuit breaker applicable when the trading of shares in the Company is resumed?

  • A: Pursuant to the Traading Rules of the Shanghai Stock Exchange, there are 10% of limit up and limit down in the trading of A shares.

q11. What is the expected time for the approval procedures? Thank you.

A: As the Company is an A+H shares listed company, a number of approval procedures are required. The relevant events and relevant disclosure documents with respect to this transaction shall be subject to the review and approval in principle of the regulatory authorities of the PRC and Hong Kong. So far, we have not completed the relevant review works. We are trying our best to coordinate and communicate with the regulators and hope the release of announcement and resumption of trading of shares could be made as soon as possible. Thank you!

q12. Dear Chairman, could you provide a brief introduction to the assets proposed to be acquired, the expectation on future profits, as well as the long-term impact on the development of Luoyang Glass?

A: The acquisition of assets in the Company in this restructuring conforms to the general development strategy of the Company, which would improve and enhance the quality of the Company’s assets. The basic situations of assets to be acquired would be disclosed in the preliminary restructuring proposal.

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q13. Do we still have to obtain shareholders’ approval which may result in the suspension of trading once again after the resumption of trading? If there would be a suspension of trading, what is the expected time?

A: Thank you for your concern. Relevant procedures including consideration and approval by the Board, consideration and approval by the shareholders’ meeting, review by the regulatory authorities pursuant to the requirements of the regulatory authorities would be performed for the restructuring, where execution of specific matters of suspension and resumption of trading in shares would be in accordance with the rules of the relevant stock exchanges. An announcement would be promptly made by the Company regarding the relevant matters.

q14. Chairman Ma, are you confident in the restructuring?

A: We are confident in conducting this restructuring!

  • q15. Dear management, as discussed in the internet, the net profit of Bengbu China National Building Materials Information Display Materials Company Limited* ( 蚌埠中建材信息顯示材料有限公司 ) for this year would only amount to over RMB 10 million, and would amount to RMB 40 million to 50 million for the next year. Is this piece of information reliable?

  • A: Thank you very much for your concern. Please refer to the formal channels, such as the Company’s website, for information.

  • q16. Dear chairman, we understand the management of the Company has made great efforts for this restructuring and also hope that the feelings of the investors can be understood by the Company, which shall make persistent efforts and complete the relevant matters in relation to the restructuring and resume trading as soon as practicable. Much appreciated.

  • A: We are truly grateful for your understandings. Please continue to support the Company.

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The Company expresses deep gratitude for the investors who have shown long-term care and support for the development of the Company and put forward advises. Due to time limit, there are still some questions unanswered in the investors briefing session held on that day and the Company expresses its deep apology. If necessary, the investors are welcomed at any time to call and send letters to communication and exchange with the Company. Meanwhile, each shareholder and investor is also welcomed to have interview, communications or site visit in the Company. We sincerely accept the supervision and encouragement. Meanwhile, we once again apologize for any inconvenience caused to the investors by the long time suspension of trading. We hope to obtain support and encouragement from the investors as usual for the future development of the Company.

The Company will devote full efforts to promote each work under this significant asset restructuring to realize the shareholders’ interests of the Company.

For details of the investors briefing session of the Company held on 22 December 2014, please refer to the online platform of Shanghai Stock Exchange (http://sns.sseinfo.com).

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

Luoyang, the PRC 23 December 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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