Luoyang Glass : ANNOUNCEMENT IN RELATION TO THE CESSATION OF OPERATION AND REFORMATION OF THE ULTRA-THIN AND ULTRA-WHITE GLASS PRODUCTION LINE OF CLFG LONGMEN GLASS COMPANY LIMITED

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 RELATION TO THE CESSATION OF OPERATION AND REFORMATION OF THE ULTRA-THIN AND ULTRA-WHITE GLASS PRODUCTION LINE OF CLFG LONGMEN GLASS COMPANY LIMITED

Luoyang Glass Company Limited* (the "Company") and all members of the board (the "Board") of directors (the "Directors") warrant the truthfulness, accuracy and completeness of the contents of this announcement, and accept several and joint responsibilities for the false information, misleading statements or material omissions in this announcement.

This announcement is made by the Company pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to (i) the announcement of the Company on the acquisition of 20.94% equity interest in Longmen Glass dated 22 October 2010 and (ii) the announcement of the Company in relation to the commencement of operation of the ultra-thin and ultra-white glass production line of Longmen Glass dated 6 January 2011 (the "Announcement"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

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The ultra-thin and ultra-white glass production line (the "Production Line") of Longmen Glass, a wholly-owned subsidiary of the Company, has been ignited to operate since 6 January 2011. The kiln of the Production Line was designed to operate for 8 years, but now it has surpassed the end of expected service cycle for almost 1 year. As decided by the Company upon research, it intends to stop ignition and cease operation of the Production Line from 2 January 2020. The Company will draw up a technological improvement scheme for the Production Line as soon as possible according to the needs of the Company's development strategy and in combination with the development trend of electronic glass.

By order of the Board

Luoyang Glass Company Limited*

Zhang Chong

Chairman

Luoyang, the PRC

31 December 2019

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

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