RoboSense Technology Co., Ltd — Capital/Financing Update 2007

Mar 16, 2007

==> picture [47 x 63] intentionally omitted <==

==> picture [32 x 62] intentionally omitted <==

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

(Stock Code: 1108)

The Second Creditors’ Announcement in relation to the Reduction of Registered Capital of the Company

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 “ SEHK ”).

Luoyang Glass Company Limited (the “ Company ”) and all members of the board (the “ Board ”) of directors (the “ Directors ”) of the Company hereby warrant the truth, accuracy and completeness of the contents in this announcement, and accept joint responsibilities for any false information, misleading statements or material omission in this announcement.

Reference is made to the announcements of the Company dated 3 November 2006, 8 November 2006, 20 November 2006, 6 December 2006 and 5 March 2007 respectively.

The Company has cancelled 199,981,758 A shares of the Company held by China Luoyang Float Glass (Group) Company Limited (“ CLFG ”). Upon the cancellation, the Company’s registered capital reduced from RMB700,000,000 to RMB500,018,242. Pursuant to the relevant regulations, the following announcement is made:

All creditors of the Company may claim their rights of debt to the Company from 6 March 2007. With valid documents and certificates of rights of debt, all creditors of the Company may request the Company to settle the debts or to provide corresponding debt guarantee, within 30 days from receiving the notice of reduction of registered capital or for those who have not received the said notice, within 90 days from the date of publication of the “The First Creditors’ Announcement in relation to the Reduction of Registered Capital of the Company”.

— 1 —

The Company’s creditors, who propose to claim the above rights, shall present the original and copies of the contracts, agreements and other certificates proving the existence of rights of debt to the Company. For corporate creditors, the true copy and copies of the business registration certificates and the identification documents of the legal representatives shall also be presented at the same time. The original power of attorney of the legal representative and the original and copies of the proxies’ valid identification documents, in addition to the documents as mentioned, shall also be presented if the rights are claimed by proxies. For creditors of natural persons, the original and copies of the valid identification documents shall be presented at the same time. In case proxies are appointed, the original power of attorney and the original and copies of the proxies’ valid identification documents shall also be presented in addition to the said documents.

Method of claiming rights of debt:

1. By mail to Luoyang Glass Company Limited at No.9, Tang Gong Zhong Lu, Xigong District, Luoyang Municipal, Henan Province, the People’s Republic of China (Postal code: 471009). Contact person: Mr. Guo Bing. Please mark “Claiming rights of debt” on the envelope; or

2. By fax to 86379-6325-1984.

For any enquiries, please contact Mr. Guo Bing at 86379-6390-8588.

Trading in the H shares of the Company on the SEHK has been suspended since 31 October 2006 and will remain suspended pending release of further announcements by the Company relating to the recoverability of the Company’s receivables from CLFG and its associated companies.

By order of the Board

Liu Baoying Chairman

Luoyang, the PRC 15 March 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.

— 2 —