Launch Tech : (1) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION; (2) NOTICE OF SPECIAL GENERAL MEETING; (3) NOTICE OF H SHAREHOLDERS' CLASS MEETING; AND (4) NOTICE OF DOMESTIC SHAREHOLDERS' CLASS MEETING

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional advisers.

If you have sold or transferred all your shares in Launch Tech Company Limited*, you should at once hand this circular and the accompanying form of proxy to the purchaser(s) or the transferee(s) or to the bank, stockbroker or other agent through whom the sales or transfer was effected for transmission to the purchaser(s) or the transferee(s).

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular.

深圳市元征科技股份有限公司

LAUNCH TECH COMPANY LIMITED*

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

(Stock Code: 2488)

1. PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION;
2. 1. 1. NOTICE OF SPECIAL GENERAL MEETING;
   2. NOTICE OF H SHAREHOLDERS' CLASS MEETING;

AND

(4) NOTICE OF DOMESTIC SHAREHOLDERS' CLASS MEETING

Unless the context require otherwise, all capitalized terms used in this circular shall have the same meanings ascribed to them in the section headed "Definitions" of this circular.

A letter from the Board is set out on pages 4 to 7 of this circular.

The Company will convene the SGM, the H Shareholders' Class Meeting and the Domestic Shareholders' Class Meeting at 10/F R&D Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District, Shenzhen, the PRC on Friday, 30 October 2020 at 10:00 a.m., 10:20 a.m. or immediately after the conclusion of the SGM or any adjournment thereof (whichever is later) and 10:40 a.m. or immediately after the conclusion of H Shareholders' Class Meeting or any adjournment thereof (whichever is later) respectively. Notice of SGM, Notice of H Shareholders' Class Meeting and Notice of Domestic Shareholders' Class Meeting are set out in this circular.

Reply slips and proxy forms for use at the SGM, H Shareholders' Class Meeting and the Domestic Shareholders' Class Meeting are also enclosed in this circular. Such reply slips and proxy forms are also published on the websites of the Stock Exchange (http://www.hkexnews.hk) and the Company (www.cnlaunch.com).

If you intend to attend the SGM, the H Shareholders' Class Meeting and/or the Domestic Shareholders' Class Meeting in person or by proxy, you are required to complete and return the relevant reply slip in accordance with the instructions printed thereon on or before Friday, 9 October 2020. If you intend to appoint a proxy to attend the SGM, the H Shareholders' Class Meeting and/or the Domestic Shareholders' Class Meeting, you are required to complete and return the enclosed relevant proxy form in accordance with the instructions printed thereon not less than 24 hours before the time fixed for holding the relevant SGM, the Class Meetings or any adjournment thereof (as the case may be). Completion and return of the proxy form will not preclude you from attending and voting in person at the SGM, the H Shareholders' Class Meeting and/or the Domestic Shareholders' Class Meeting or any adjourned meetings thereof if you so wish.

• for identification purposes only

14 September 2020

CONTENTS
	Page
DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1
LETTER FROM THE BOARD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4
APPENDIX - PROPOSED AMENDMENTS TO
THE ARTICLES OF ASSOCIATION . . . . . . . . . . . . . . . . . . . . . . .	8
NOTICE OF SPECIAL GENERAL MEETING . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9
NOTICE OF H SHAREHOLDERS' CLASS MEETING . . . . . . . . . . . . . . . . . . . . .	11
NOTICE OF DOMESTIC SHAREHOLDERS' CLASS MEETING . . . . . . . . . . . . .	13

- i -

DEFINITIONS

In this circular, unless the context otherwise required, capitalized terms used shall have the following meanings:

"Articles of Association"	the Articles of Association of the Company
"Board"	the board of Directors
"Business Day(s)"	a day on which the Stock Exchange is open for the
	transaction of business
"China" or "PRC"	the People's Republic of China which, for the purposes
	of this circular, excludes Hong Kong, the Macau
	Special Administrative Region of the PRC and Taiwan
"Class Meetings"	the H Shareholders' Class Meeting and the Domestic
	Shareholders' Class Meeting
"Company"	深圳市元征科技股份有限公司 (Launch Tech Company
	Limited*), a joint stock limited company incorporated
	in the PRC with limited liability
"Director(s)"	the director(s) of the Company from time to time
"Domestic Shares"	Ordinary shares in the share capital of the Company,
	with a nominal value of RMB1.00 each, which is
	subscribed for and paid up in RMB
"Domestic Shareholders"	Holder(s) of Domestic Share(s)
"Domestic Shareholders' Class	The class meeting of Domestic Shareholders or any
Meeting"	adjourned meeting to be held at 10F R&D Block,
	Launch Industrial Park, No. 4012 North of Wuhe Road,
	Bantian Street, Longgang District, Shenzhen, the PRC
	on Friday, 30 October 2020 at 10:40 a.m., or
	immediately after the conclusion of the H
	Shareholders' Class Meeting or any adjournment
	thereof (whichever is later)
"Group"	the Company and its subsidiaries
"H Share(s)"	the overseas listed foreign ordinary share(s) in the
	share capital of the Company, with a nominal value of
	RMB1.00 each, all of which are listed on the Main
	Board of the Stock Exchange and trade in HK$
"H Shareholder(s)"	the holder(s) of H Shares

- 1 -

	DEFINITIONS
"H Shareholders' Class Meeting"	the class meeting of holder of H Shares of the
	Company to be held at 10F R&D Block, Launch
	Industrial Park, No. 4012 North of Wuhe Road, Bantian
	Street, Longgang District, Shenzhen, the PRC on
	Friday, 30 October 2020 at 10:20 a.m. or immediately
	after the conclusion of SGM or any adjournment
	thereof (whichever is later)
"H Shares"	the overseas-listed foreign invested shares in the share
	capital of the Company, with a nominal value of
	RMB1.00 each, which are held and traded in Hong
	Kong dollars
"HK$"	Hong Kong dollars, the lawful currency of Hong Kong
"Hong Kong"	the Hong Kong Special Administrative Region of the
	People's Republic of China
"Listing Rules"	the Rules Governing the Listing of Securities on the
	Stock Exchange
"Main Board"	the main board maintained and operated by the Stock
	Exchange
"Notice of Domestic	notice of the Domestic Shareholders' Class Meeting
Shareholders' Class Meeting"
"Notice of H Shareholders'	notice of H Shareholders' Class Meeting
Class Meeting"
"Proposed Amendments"	The amendments to Article 92 of the Articles of
	Association
"SGM"	the SGM of the Company to be held and convened for
	the purpose of approving, amongst other matters, the
	Subscription and the transactions contemplated
	thereunder including the allotment and issue of the
	Subscription Shares or any adjournment thereof
"Share(s)"	Domestic Shares and H Shares
"Shareholder(s)"	the holder(s) of the issued Shares
"Stock Exchange"	The Stock Exchange of Hong Kong Limited

- 2 -

DEFINITIONS

In this circular, the English names of the PRC entities are translations of their Chinese names, and are included herein for identification purpose only. In the event of any inconsistency, the Chinese names shall prevail.

• for identification purpose only

- 3 -

LETTER FROM THE BOARD

深圳市元征科技股份有限公司

LAUNCH TECH COMPANY LIMITED*

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

	(Stock Code: 2488)
Executive Directors:	Registered office:
Mr. Liu Xin (Chairman)	Launch Industrial Park
Mr. Liu Jun	No. 4012 North of Wuhe Road
Ms. Huang Zhao Huan	Bantian Street
Mr. Jiang Shiwen	Longgang District
	Shenzhen, the PRC
Non-executive Director:
Mr. Peng Jian	Principal place of business:
	Launch Industrial Park
Independent non-executive Directors:	No. 4012 North of Wuhe Road
Mr. Liu Yuan	Bantian Street
Ms. Zhang Yan	Longgang District
Mr. Ning Bo	Shenzhen, the PRC
	Principal place of business in Hong Kong:
	Unit 1104, Crawford House
	70 Queen's Road Central
	Hong Kong
	14 September 2020
To the Shareholders
Dear Sir or Madam

(1) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION;

1. 1. 1. NOTICE OF SPECIAL GENERAL MEETING;
   2. NOTICE OF H SHAREHOLDERS' CLASS MEETING; AND
2. NOTICE OF DOMESTIC SHAREHOLDERS' CLASS MEETING

1. INTRODUCTION

The purpose of this circular is to provide you with detailed information regarding the

Proposed Amendments to the Articles of Association of the Company, details of resolutions proposed to be considered at the SGM and Class Meetings are set out in Notice of SGM, Notice of H Shareholders' Class Meeting and Notice of Domestic Shareholders' Class

• for identification purposes only

- 4 -

LETTER FROM THE BOARD

Meeting to be held on Friday, 30 October 2020 and to provide you with the information reasonably necessary to enable you to make an informed decision on whether to vote for or against the proposed resolutions at the SGM and the Class Meetings.

2. PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

According to the Reply of the State Council on the Adjustment of the Notice Period of the General Meeting and Other Matters Applicable to the Overseas Listed Companies (Guo Han [2019] No. 97) （《關於調整適用在境外上市公司召開股東大會通知期限等事項規定的批覆》 （國函[2019]97號））, the requirements on the notice period of the general meeting, shareholders' proposal right and convening procedures for joint stock limited companies incorporated in China and listed overseas shall be unified and governed by the relevant regulations under the Company Law of the People's Republic of China, instead of the regulations under Articles 20 to 22 of the Special Regulations of the State Council on Overseas Offering and Listing of Shares by Joint Stock Limited Companies（《國務院關於股份

有限公司境外募集股份及上市的特別規定》）.

In view of the changes in regulatory requirements and in light of the actual situations of the Company, the Board considers it fit to make the proposed amendments to Article 92 of the Articles of Association. The proposed amendments to Article 92 is subject to approval by way of a special resolution at each of the SGM, the H Shareholders' Class Meeting and Domestic Shareholders' Class Meeting to be held by the Company.

Prior to the passing of the relevant resolutions at the SGM, the H Shareholders' Class Meeting and the Domestic Shareholders' Class Meeting, the prevailing Articles of Association shall remain valid.

For details of the Proposed Amendments, please refer to the Appendix to this circular.

The Articles of Association are prepared in Chinese with no official English version. Any English translation is for reference only. In the event of any inconsistency, the Chinese version shall prevail.

3. SGM, H SHAREHOLDERS' CLASS MEETING AND DOMESTIC SHAREHOLDERS' CLASS MEETING

Resolutions will be proposed at the SGM to approve the Scheme, the authorization of the Board to implement the Scheme and the Proposed Amendments, which do not involve alteration of class rights. Resolutions in respect of those Proposed Amendments which involve alteration of class rights will also be proposed at each of the Class Meetings for approval. To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, no Shareholder is required to abstain from voting on the resolutions to be proposed at the SGM or the Class Meetings.

- 5 -

LETTER FROM THE BOARD

The notices regarding the convening of the SGM, the Domestic Shareholders' Class Meeting and the H Shareholders' Class Meeting at which the resolutions mentioned above will be proposed are set out on pages 9 to 14 of this circular.

The relevant forms of proxy for use at the SGM, the Domestic Shareholders' Class Meeting and the H Shareholders' Class Meeting are enclosed. Whether or not you are able to attend the respective meetings, you are strongly urged to complete and sign the enclosed forms of proxy in accordance with the instructions printed thereon. For H Shareholders, please return it to the Company's H Share Registrar, Computershare Hong Kong Investor Services Limited, 17M Floor, Hopewell Centre, 183 Queen's Road Fast Hong Kong; and for Domestic Shareholders, the form of proxy shall be delivered to the registered office of the Company at 9th Floor, Office Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District, Shenzhen, the PRC as soon as possible but in any event not later than 24 hours before the time appointed for the holding of the relevant meeting (s) or any adjourned meeting(s) (as the case may be). Completion and return of the form of proxy will not preclude you from attending and voting in person at the meeting(s) or any adjourned meeting(s) should you so wish.

4. CLOSURE OF H SHARE REGISTER OF MEMBERS OF THE COMPANY

The register of members of the Company in Hong Kong will be closed from Wednesday, 30 September 2020 to Friday, 30 October 2020, both days inclusive, during which no transfer of shares will be effected. In order to be eligible to attend the SGM and to vote thereat as Shareholders, all transfers of H Shares together with the relevant share certificates must be delivered to the Company's share registrar and transfer office in Hong Kong, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road Fast Hong Kong no later than 4:30 p.m. on Tuesday, 29 September 2020. All transfers of Domestic Shares together with the relevant share certificates must be delivered to the Company's principal place of business in the PRC at 9th Floor, Office Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District, Shenzhen, the PRC, no later than 4:30 p.m. on Tuesday, 29 September 2020.

5. VOTING BY POLL

Pursuant to Rule 13.39(4) of the Listing Rules, all votes of the Shareholders at general meetings must be taken by poll. As such, the resolutions set out in the notices relating to the convening of the SGM, the H Shareholders' Class Meeting and the Domestic Shareholders' Class Meeting will be voted by poll.

- 6 -

LETTER FROM THE BOARD

6. RECOMMENDATION

The Board is of the view that the proposed Scheme and the Proposed Amendments are in the best interest of the Company and the Shareholders as a whole. Accordingly, the Board recommends that the Domestic Shareholders and the H Shareholders to vote in favour of the relevant resolutions to be proposed at the SGM, the Domestic Shareholders' Class Meeting and the H Shareholders' Class Meeting.

Yours faithfully,

for and on behalf of

Launch Tech Company Limited*

Liu Xin

Chairman

- 7 -

APPENDIX	PROPOSED AMENDMENTS TO
	THE ARTICLES OF ASSOCIATION

The details of the Proposed Amendments are as follows (shown with strikethrough to denote text to be deleted and underline to denote text to be added):-

Article
number	Existing article	Amended article
Article	Where the Company convenes a class meeting of	Where the Company convenes a class meeting of
92	shareholders, it shall, issue written notices to notify	shareholders, it shall, issue written notices to notify
	the respective shareholders of that class whose	the respective shareholders of that class whose
	names appear in the share register of the items	names appear in the share register of the items
	proposed to be considered and the date and venue	proposed to be considered and the date and venue
	of the meeting forty-five days before that meeting.	of the meeting twenty days before that annual
	Shareholders intending to attend the class meeting	general meeting and fifteen days before that
	shall send written replies to confirm their	extraordinary general meeting. forty-fivedays
	attendance and such replies shall be delivered to the	before that meeting. Shareholders intending to
	Company twenty days before the meeting.	attend the class meeting shall send written
		replies to confirm their attendance and such
	Where the number of voting shares represented by	replies shall be delivered to the Company twenty
	those shareholders intending to attend the meeting	days before the meeting.
	is more than half of the total number of voting
	shares of that class, the Company may convene the	Where the number of voting shares represented by
	class meeting. If not, the Company shall, within	those shareholders intending to attend the meeting
	five days, inform the shareholders again of the	is more than half of the total number of voting
	items proposed to be considered and the date and	shares of that class, the Company may convene the
	venue of the meeting by way of an announcement.	class meeting. If not, the Company shall, within
	After making such notification by way of	five days, inform the shareholders again of the
	announcement, the class meeting of shareholders	items proposed to be considered and the date and
	may be convened by the Company.	venue of the meeting by way of an announcement.
		After making such notification by way of
	The quorum formed by the holders holding at least	announcement, the class meeting of shareholders
	one-third of any class of shares issued is required	may be convened by the Company.
	to convene the respective class meeting of	The quorum formed by the holders holding at
	shareholders (except the adjourned meeting) for the
	purpose of considering the amendment of the rights	least one-third of any class of shares issued is
	of that class of shares.	required to convene the respective class meeting
		of shareholders (except the adjourned meeting)
		for the purpose of considering the amendment of
		the rights of that class of shares.
		If there are special requirements by the listing
		rules of the stock exchange where the Company's
		shares are listed, such requirements shall prevail.

- 8 -

NOTICE OF SPECIAL GENERAL MEETING

深圳市元征科技股份有限公司

LAUNCH TECH COMPANY LIMITED*

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

(Stock Code: 2488)

NOTICE OF SPECIAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that Special General Meeting of Launch Tech Company Limited* (the "Company") will be held at 10F R&D Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District, Shenzhen, the PRC on Friday, 30 October 2020 at 10:00 a.m. for the purpose of considering and, if thought fit, passing with or without modifications, the following resolution (unless otherwise specified, capitalised terms used in this notice shall have the same meanings as defined in the circular dated 14 September 2020 (the "Circular")):

SPECIAL RESOLUTION

1. THAT the proposed amendments to Article 92 of the Articles of Association as set out in the Appendix to the Circular be and is hereby considered and approved.

Yours faithfully,

By Order of the Board

Launch Tech Company Limited*

Liu Xin

Chairman

14 September 2020

Shenzhen, the PRC

Notes:

1. Shareholders of the Company shall note that pursuant to Article 46 of the Articles of Association, the share register of the Company will be closed during the period from Wednesday, 30 September 2020 to Friday, 30 October 2020, both days inclusive, during which period no transfer of shares will be registered. In order to qualify to attend and vote at the SGM, all transfer documents, together with the relevant share certificates, should be lodged to the Company's H share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17/F., Hopewell Center, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H Shares), or to the Company's principal place of business in the PRC (for holders of Domestic Shares), no later than 4:30 p.m. on Tuesday, 29 September 2020. Shareholders whose names appear on the register of shareholders of the Company on the Record Date shall be entitled to attend the SGM to vote thereat.
2. Any Shareholders entitled to attend and to vote at the SGM shall be entitled to appoint a proxy who need not be a Shareholder, to attend and to vote on his behalf. A member who is the holder of two or more shares may appoint more than one proxy.
3. To be valid, the proxy forms for the use of Shareholders and, if such proxy is signed by a person on behalf of the appointer pursuant to a power of attorney or other authority, a notarised copy of that power of attorney or other authority must be delivered to the Company not less than 24 hours before the time scheduled for holding the SGM or its adjourned meetings of the Company.

• for identification purposes only

- 9 -

NOTICE OF SPECIAL GENERAL MEETING

1. Shareholders who intend to attend the SGM are required to return the reply slip to the Company on or before Friday, 9 October 2020. Please refer to the reply slip and the instruction thereon for details.
2. Completion and return of the proxy form and the reply slip will not affect the right of the shareholders of the Company to attend and to vote at the SGM in person. In such event, the form of proxy will be deemed to have been revoked.
3. Holders of Domestic Shares shall deliver the proxy form and, if such proxy is signed by a person on behalf of his appointer pursuant to a power of attorney or other authority, a notarially certified copy of the power of attorney or other authority and the reply slip to the Company's principal place of business in the PRC.
4. Holders of H Shares shall deliver the proxy form and, if such proxy is signed by a person on behalf of his appointer pursuant to a power of attorney or other authority, a notarially certified copy of the power of attorney or other authority and the reply slip to the Company's H share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17/F, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong.
5. The SGM is expected to last for half an hour. Shareholders and their proxies attending the SGM shall be responsible for the transportation and accommodation expenses on their own.

As at the date of this notice, the board of directors of the Company comprises Mr. Liu Xin (Chairman), Mr. Liu Jun, Ms. Huang Zhao Huan and Mr. Jiang Shiwen as executive Directors, Mr. Peng Jian as non-executive Director, and Mr. Liu Yuan, Ms. Zhang Yan and Mr. Ning Bo as independent non-executive Directors.

- 10 -

NOTICE OF H SHAREHOLDERS' CLASS MEETING

深圳市元征科技股份有限公司

LAUNCH TECH COMPANY LIMITED*

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

(Stock Code: 2488)

NOTICE OF H SHAREHOLDERS' CLASS MEETING

NOTICE IS HEREBY GIVEN that H Shareholders' Class Meeting of Launch Tech Company Limited* (the "Company") will be held at 10F R&D Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District, Shenzhen, the PRC on Friday, 30 October 2020 at 10:20 a.m. or immediately after the conclusion of the Special General Meeting or any adjournment thereof (whichever is later) for the purpose of considering and, if thought fit, passing with or without modifications, the following resolution (unless otherwise specified, capitalised terms used in this notice shall have the same meanings as defined in the circular dated 14 September 2020 (the "Circular")):

SPECIAL RESOLUTION

1. THAT the proposed amendments to Article 92 of the Articles of Association as set out in the Appendix to the Circular be and is hereby considered and approved.

Yours faithfully,

By Order of the Board

Launch Tech Company Limited*

Liu Xin

Chairman

14 September 2020

Shenzhen, the PRC

Notes:

1. Holders of H Shares of the Company shall note that pursuant to Article 46 of the Articles of Association, the share register of the Company will be closed during the period from Wednesday, 30 September 2020 to Friday, 30 October 2020, both days inclusive, during which period no transfer of shares will be registered. In order to qualify to attend and vote at the H Shareholders' Class Meeting, all transfer documents, together with the relevant share certificates, should be lodged to the Company's H share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17/ F., Hopewell Center, 183 Queen's Road East, Wanchai, Hong Kong no later than 4:30 p.m. on Tuesday, 29 September 2020. Shareholders whose names appear on the register of H shareholders of the Company on the Record Date shall be entitled to attend the H Shareholders' Class Meeting to vote thereat.
2. Any H Shareholders entitled to attend and to vote at the H Shareholders' Class Meeting shall be entitled to appoint a proxy who need not be a Shareholder, to attend and to vote on his behalf. A member who is the holder of two or more shares may appoint more than one proxy.

• for identification purposes only

- 11 -

NOTICE OF H SHAREHOLDERS' CLASS MEETING

1. To be valid, the proxy forms for the use of H Shareholders and, if such proxy is signed by a person on behalf of the appointer pursuant to a power of attorney or other authority, a notarised copy of that power of attorney or other authority must be delivered to the Company not less than 24 hours before the time scheduled for holding the H Shareholders' Class Meeting or its adjourned meetings of the Company.
2. Shareholders who intend to attend the H Shareholders' Class Meeting are required to return the reply slip to the Company on or before Friday, 9 October 2020. Please refer to the reply slip and the instruction thereon for details.
3. Completion and return of the proxy form and the reply slip will not affect the right of the shareholders of the Company to attend and to vote at the H Shareholders' Class Meeting in person. In such event, the form of proxy will be deemed to have been revoked.
4. H Shareholders shall deliver the proxy form and, if such proxy is signed by a person on behalf of his appointer pursuant to a power of attorney or other authority, a notarially certified copy of the power of attorney or other authority and the reply slip to the Company's H share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17/F, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong.
5. The H Shareholders' Class Meeting is expected to last for half an hour. Shareholders and their proxies attending the H Shareholders' Class Meeting shall be responsible for the transportation and accommodation expenses on their own.

As at the date of this notice, the board of directors of the Company comprises Mr. Liu Xin (Chairman), Mr. Liu Jun, Ms. Huang Zhao Huan and Mr. Jiang Shiwen as executive Directors, Mr. Peng Jian as non-executive Director, and Mr. Liu Yuan, Ms. Zhang Yan and Mr. Ning Bo as independent non-executive Directors

- 12 -

NOTICE OF DOMESTIC SHAREHOLDERS' CLASS MEETING

深圳市元征科技股份有限公司

LAUNCH TECH COMPANY LIMITED*

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

(Stock Code: 2488)

NOTICE OF DOMESTIC SHAREHOLDERS' CLASS MEETING

NOTICE IS HEREBY GIVEN that Domestic Shareholders' Class Meeting of Launch Tech Company Limited* (the "Company") will be held at 10F R&D Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District, Shenzhen, the PRC on Friday, 30 October 2020 at 10:40 a.m. or immediately after the conclusion of the H Shareholders' Class Meeting or any adjournment thereof (whichever is later) for the purpose of considering and, if thought fit, passing with or without modifications, the following resolution (unless otherwise specified, capitalised terms used in this notice shall have the same meanings as defined in the circular dated 14 September 2020 (the "Circular")):

SPECIAL RESOLUTION

1. THAT the proposed amendments to Article 92 of the Articles of Association as set out in the Appendix to the Circular be and is hereby considered and approved.

Yours faithfully,

By Order of the Board

Launch Tech Company Limited*

Liu Xin

Chairman

14 September 2020

Shenzhen, the PRC

Notes:

1. Domestic Shareholders of the Company shall note that pursuant to Article 46 of the Articles of Association, the share register of the Company will be closed during the period from Wednesday, 30 September 2020 to Friday, 30 October 2020, both days inclusive, during which period no transfer of shares will be registered. In order to qualify to attend and vote at the Domestic Shareholders' Class Meeting, all transfer documents, together with the relevant share certificates, should be lodged to the Company's principal place of business in the PRC no later than 4:30 p.m. on Tuesday, 29 September 2020. Shareholders whose names appear on the register of Domestic Shareholders of the Company on the Record Date shall be entitled to attend the Domestic Shareholders' Class Meeting to vote thereat.
2. Any Domestic Shareholders entitled to attend and to vote at the Domestics Shareholders' Class Meeting shall be entitled to appoint a proxy who need not be a Shareholder, to attend and to vote on his behalf. A member who is the holder of two or more shares may appoint more than one proxy.

• for identification purposes only

- 13 -

NOTICE OF DOMESTIC SHAREHOLDERS' CLASS MEETING

1. To be valid, the proxy forms for the use of Shareholders and, if such proxy is signed by a person on behalf of the appointer pursuant to a power of attorney or other authority, a notarised copy of that power of attorney or other authority must be delivered to the Company not less than 24 hours before the time scheduled for holding the Domestic Shareholders' Class Meeting or its adjourned meetings of the Company.
2. Domestic Shareholders who intend to attend the Domestic Shareholders' Class Meeting are required to return the reply slip to the Company on or before Friday, 9 October 2020. Please refer to the reply slip and the instruction thereon for details.
3. Completion and return of the proxy form and the reply slip will not affect the right of the Domestic Shareholders of the Company to attend and to vote at the Domestic Shareholders' Class Meeting in person. In such event, the form of proxy will be deemed to have been revoked.
4. Domestic Shareholders shall deliver the proxy form and, if such proxy is signed by a person on behalf of his appointer pursuant to a power of attorney or other authority, a notarially certified copy of the power of attorney or other authority and the reply slip to the Company's principal place of business in the PRC.
5. The Domestic Shareholders' Class Meeting is expected to last for half an hour. Domestic Shareholders and their proxies attending the Domestic Shareholders' Class Meeting shall be responsible for the transportation and accommodation expenses on their own.

As at the date of this notice, the board of directors of the Company comprises Mr. Liu Xin (Chairman), Mr. Liu Jun, Ms. Huang Zhao Huan and Mr. Jiang Shiwen as executive Directors, Mr. Peng Jian as non-executive Director, and Mr. Liu Yuan, Ms. Zhang Yan and Mr. Ning Bo as independent non-executive Directors.

- 14 -