RoboSense Technology Co., Ltd — Board/Management Information 2007

Apr 26, 2007

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(a joint stock limited Company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 1108)

Announcement of Resolutions Passed at the Board Meeting

The 7th meeting of the fifth board of directors (“the Board”) of Luoyang Glass Company Limited (the “Company”) was held at the Reception Room of the Company on 1st Floor, No. 9 Tang Gong Zhong Lu, Xigong District, Luoyang, Henan Province, the PRC at 10:00 a.m. on 25 April 2007. 10 out of the 10 eligible directors attended the meeting, and five supervisors and certain senior management members attended the meeting as non-voting participants, which is in compliance with the Company Law and the Articles of Association of the Company. The meeting was presided over by Mr. Liu Baoying, Chairman of the Company. The following matters were approved unanimously passed by the directors at the meeting as resolutions:

1. To approve the Work Report of General Manager for 2006;

2. To approve the financial statements of the Company for the year ended 31 December 2006;

3. To approve the 2006 Annual Report of the Company and its summary;

4. To approve the Company’s profit distribution plan for 2006 as follows:

In accordance with the International Financial Reporting Standards, the Company recorded a net profit of RMB12,991,000 for the year of 2006. After recovering the loss of RMB164,286,000 by surplus reserve and based on the year-beginning balance of loss RMB927,542,000, accumulated loss amounted to RMB750,265,000 at the end of the year. Accordingly, the Company resolved not to make any profit distribution for the year 2006 nor transfer any reserves to increase the share capital of the Company.

In accordance with the PRC Accounting Rules and Regulations, the Company recorded a net loss of RMB317,482,000 for the year of 2006. After recovering the loss of RMB164,286,000 by surplus reserve and based on the year-beginning balance of loss RMB968,937,000, accumulated loss amounted to RMB1,122,133,000 at the end of the year. Accordingly, the Company resolved not to make any profit distribution for the year 2006 nor transfer any reserves to increase the share capital of the Company.

1. To approve the proposal for reappointment of GuangDong HengXin Delu Certified Public Accountants CO., LTD and Ting Ho Kwan & Chan, Certified Public Accountants (Practising) as PRC and international auditors of the Company respectively for the year 2007;

2. To approve the proposal for engagement of ShineWing (HK) CPA Limited as independent professional consultant of the Company;

3. To approve the proposal for engagement of South China Capital Limited as compliance consultant of the Company;

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1. To approve the resignation of Mr. Cao Hua from his office of Deputy General Manager of the Company due to personal reasons.

2. To consider and approve the non-standard opinion given by the Board.

By order of the Board Liu Baoying Chairman

Luoyang, the PRC 25 April 2007

As at the date of this announcement, the Board comprises six executive Directors: Mr. Liu Baoying, Mr. Zhu Leibo, Mr. Zhang Shaojie, Mr. Zhu Liuxin, Mr. Jiang Hong and Mr. Ding Jianluo, and four independent non-executive Directors: Mr. Zhang Zhanying, Mr. Guo Aimin, Mr. Xi Shengyang and Mr. Dong Chao.

Please also refer to the published version of this announcement in The Standard / Sing Tao Daily.

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