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RoboSense Technology Co., Ltd Investor Presentation 2016

Dec 2, 2016

50628_rns_2016-12-02_202a8db5-dbcd-42db-a05e-9110f7d3ba9a.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 IN RESPECT ON THE DETAILS OF THE INVESTOR BRIEFING SESSION CONVENED

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.

To safeguard the interest of the investors of the Company, the Company convened the investor briefing session through the “Shanghai Stock Exchange E-interview” column on the “Shanghai Stock Exchange E-interaction” (website: http://sns.sseinfo.com ) from 10:00 a.m. to 11:30 a.m. on 2 December 2016 to communicate and exchange with the investors in respect of the matters of investors’ common concerns regarding the significant assets restructuring of the Company.

1. CONVENING OF THE BRIEFING SESSION

On 29 November 2016, the Company published the announcement in respect of the convening of the investor briefing session in relation to the significant assets restructuring.

On 2 December 2016, Mr. Ni Zhisen (general manager of the Company), Mr. Ma Yan (chief financial officer of the Company), Ms. Wu Zhixin (the secretary to the Board) and the representative of the independent financial advisor attended the investor briefing session, and interactively exchanged and communicated with the investors and answered the investors’ questions of common concern.

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2. 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 “Shanghai Stock Exchange E-interaction” online platform). The relevant questions and answers are summarized as follows:

Q1. Will the restructuring constitute a significant assets restructuring?

A: According to the preliminary proposal of the significant assets restructuring and the preliminary auditing and valuation date, the transaction constitutes a significant assets restructuring of the Company. Thank you.

Q2. Will the transaction constitute a backdoor listing?

A: According to the preliminary proposal of the significant assets restructuring, the transaction will not lead to change of control of the Company, and will not constitute a backdoor listing. Specific details of the preliminary plan of the significant assets restructuring will be disclosed in the preliminary restructuring plan. Kindly pay attention to the same. Thank you.

Q3. When will the trading of A shares in the Company resume?

A: The Company and the parties to the transaction are making their utmost effort to push forward the relevant works of the significant assets restructuring. The Company will convene a Board meeting after completion of the relevant works to consider the significant assets restructuring plan, and will publish announcement(s) and apply for the resumption of trading of A shares in the Company pursuant to the prescribed procedures. Thank you.

Q4. What is the expected scale of the restructuring?

A: Since the relevant proposals of the restructuring are still being discussed, the scale of the transaction has not yet been finalized. The Company will convene a Board meeting after completion of the relevant works to consider the relevant issues of the significant assets restructuring, and will publish announcement(s) in a timely manner. Kindly pay attention to the same. Thank you.

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Q5. The Company undergone a restructuring last year, how come the Company is undergoing another restructuring this year? What is the future plan of the Company?

A: After the significant assets restructuring in 2015, the Company has preliminarily implemented the transformation strategy from common float glass to photoelectric and information display glasses, and has laid the foundation for subsequent development. This time, the Company proposes to introduce new energy glass business through assets restructuring, to enrich its product structure, enlarge and strengthen its specialty in the glass business, broaden its market sectors and areas of product applicability, and enhance the Company’s risk resistance capacity. Thank you.

Q6. I would like to know the net profit data of the target company’s (shares of which are proposed to be acquired) for the years ended 2014 and 2015 and and for the nine months ended 30 September 2016.

A: The target company’s net profit data will be disclosed in the relevant follow-up announcement(s) of the restructuring. Kindly pay attention to the same. Thank you.

  • Q7. Why is it that the Company has suspended trading of A shares of the Company, but the H shares of the Company can still be traded? Is it because the regulations of mainland of the PRC are looser, and those of the Stock Exchange of Hong Kong Limited are more stringent?

A: The trading arrangements for the different classes of shares of the Company are subject to the requirements of their respective stock exchanges of mainland of the PRC and Hong Kong, and are in compliant with the regulatory requirements of both places. Thank you.

  • Q8. It seems that the assets involved in the acquisition is not proportional to the time of suspension of trading in the A shares of the Company. Is it too long that the expected suspension period of trading in the A shares of the Company is 5 months?

A: Since the significant assets restructuring involves many counterparties and internal and external approval procedures etc., the proposal of the restructuring shall be subject to the pre-approval by the State-owned Assets Supervision and Administration Commission of the State Council of the PRC. The Company will proactively advance the relevant works of the restructuring, to endeavor to announce the plan of the significant assets restructuring as soon as practicable and apply for the resumption of trading in the A shares of the Company.

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For details of the investors briefing session of the Company held on 2 December 2016, please refer to the “Shanghai Stock Exchange E-interview” column on the “Shanghai Stock Exchange E-interaction” (website: http://sns.sseinfo.com ). 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 advices.

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

Luoyang, the PRC 2 December 2016

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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