Medlive Technology Co., Ltd. — Board/Management Information 2001

Jul 3, 2001

廣 東 科 龍 電 器 股 份 有 限 公 司

Guangdong Kelon Electrical Holdings Company Limited

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

Announcement

The Directors of Guangdong Kelon Electrical Holdings Company Limited (the "Company") have on 29th June 2001 by written resolution approved the following resolutions which are in accordance with the provisions of the Companies Law of the People's Republic of China and the Company's articles:

1. That the election of Mr. Xu Tie Feng as the Chairman of the Company be approved.

2. That since Mr. Chen Tongxing and Mr. Fan Chor Wah, Vincent, both directors of the Company, have submitted to the board of directors of the Company their resignation as directors of the Company due to personal reasons, the board of directors of the Company has resolved to accept their resignation with effect from 29th June 2001. The Company hereby expresses its gratitude towards the two directors for their contribution to the Company in the past.

Guangdong Kelon Electrical Holdings Company Limited

Yu Chor Woon, Carol

Company Secretary

29th June, 2001

Please also refer to the published version of this announcement in the i-Mail.