RoboSense Technology Co., Ltd — Capital/Financing Update 2021

Aug 5, 2021

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.

＊

ANNOUNCEMENT

UPDATE ON DISCLOSEABLE AND CONNECTED TRANSACTION COMPLETION OF CHANGE IN INDUSTRIAL AND COMMERCIAL REGISTRATION OF QINHUANGDAO NORTH GLASS CO., LTD

References are made to (i) the announcement of the Company dated 29 April 2021 in relation to the discloseable and connected transaction announcement regarding the acquisition of 60% equity interest in Qinhuangdao North Glass Co., Ltd; (ii) the circular dated 30 June 2021 (the “ Circular ”); and (iii) the approval of the resolution in relation to the acquisition of 60% equity interest in Qinhuangdao North Glass Co., Ltd.* ( 秦皇島北方玻璃有限公司 ) by the Company and the transaction contemplated thereunder at the third extraordinary general meeting 2021 on 21 July 2021. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Circular.

The Company is pleased to announce that the transfer of the equity interest in relation to the Acquisition has been completed, and North Glass has recently completed the industrial and commercial registration of changes for the changes in the shareholders and obtained the business license from the Branch of Qinhuangdao Economic & Technological Development Zone of Qinhuangdao Administration of Market Regulation on 4 August 2021.

– 1 –

The relevant industrial and commercial registration information of North Glass after the change is set out as follows:

Company Name: Qinhuangdao North Glass Co., Ltd. Unified social credit code: 911303002359947167 Domicile: Room 305A, West Gate of Huayang Restaurant, South of Shanghai Road, East District, Qinhuangdao Economic Development Zone Legal Representative: Zhang Rong Registered Capital: RMB643.9037 million Type: Limited liability company Term of operation: 20 December 1996 to long term Scope of business: Technology development, technical consulting and services, manufacturing, processing, and sales of new energy glass materials, functional glass materials, refractory materials and ceramic products; import and export of goods and technologies: loading and unloading services.

According to the Share Transfer Agreement, from the date on which the commercial and industrial registration of changes in the transfer of the Target Equity Interest is completed, the Company will become the legal owner of the 60% equity interest in North Glass, and the percentage of equity interest held by Yaohua Group in North Glass will be changed from 100% to 40%. Upon Completion, North Glass becomes a directly controlled subsidiary of the Company, and the financial results of North Glass will be consolidated into the financial statements of the Group.

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

Luoyang, the PRC 5 August 2021

As at the date of this announcement, the Board comprises five executive directors: Mr. Zhang Chong, Mr. Xie Jun, Mr. Ma Yan, Mr. Wang Guoqiang and Mr. Zhang Rong; two non-executive directors: Mr. Ren Hongcan and Mr. Chen Yong; and four independent non-executive directors: Mr. Jin Zhanping, Mr. Ye Shuhua, Mr. He Baofeng and Ms. Zhang Yajuan.

• For identification purposes only

– 2 –