Medlive Technology Co., Ltd. — Board/Management Information 2002

Aug 27, 2002

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GUANGDONG KELON ELECTRICAL HOLDINGS COMPANY LIMITED 廣東科龍電器股份有限公司

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

ANNOUNCEMENT ON RESOLUTIONS OF THE BOARD OF DIRECTORS

A meeting of the board of directors (the “Board”) of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) was held on 26 August 2002 by telephone conference at the Company’s conference room. The meeting was attended by all of the nine directors and the meeting was held in accordance with the Company Law of the People’s Republic of China and the articles of association of the Company. The meeting was chaired by Mr. Gu Chu Jun, and the following resolutions were passed:

1. That the interim report of the Company for the six months ended 30 June 2002 be approved;

2. That the summary of the results of the Company for the six months ended 30 June 2002 be approved; and

3. That the profit distribution proposal of the Company for the six months ended 30 June 2002 be approved. The Board resolved not to pay any interim dividend or make any distribution to shareholders of the Company.

By the Order of the Board Guangdong Kelon Electrical Holdings Company Limited Gu Chu Jun Chairman

Shunde, Guangdong, the PRC, 26 August 2002

"Please also refer to the published version of this announcement in the South China Morning Post"

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