Medlive Technology Co., Ltd. — Board/Management Information 2004

Nov 29, 2004

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)

(Stock Code: 921)

Announcement of the Resolutions passed at the Supervisory Committee Meeting

This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Written resolutions were passed by the Supervisory Committee of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) on 26th November, 2004. The resolutions were passed by three supervisors in compliance with the Company Law and the Articles of Association of the Company. The following matters were considered and approved at the meeting:

1. Resolutions concerning the re-election of the Supervisory Committee and the list of candidates nomination for the 5th Supervisory Committee

The Supervisory Committee of the Company nominated Mr. Bai Yun Feng to be re-elected and Mr. Zeng Jun Hong to be elected as the candidates of supervisors of shareholders’ representative for the 5th Supervisory Committee of the Company. The list will be submitted to the first session Extraordinary General Meeting of the Company in 2005 for election and voting. (Profile of candidates for supervisors of shareholders’ representative is set out below.)

In addition, Ms. He Si as a supervisor of staff representative of the 5th Supervisory Committee of the Company will form the 5th Supervisory Committee of the Company with the supervisors of shareholders’ representative of the Company.

Guangdong Kelon Electrical Holdings Company Limited Supervisory Committee

26th November, 2004

Profile of candidates for supervisors of shareholders’ representative

Mr. Bai Yun Feng , aged 42, graduated with a bachelor’s degree in automation from Beijing Mechanical Engineering College, and holds a postgraduate diploma in western economics from Nan Kai University. Mr. Bai previously worked as an engineer in Beijing General Mechanical Research Institute, the deputy factory director of Shenzhen Hua Mei Chemical Company Limited, the deputy head of China Packaging Import and Export Corporation and assistant to the senior president of Beijing Greencool Environment Protection Engineering Co., Ltd. Mr. Bai is currently the supervisor of Guangdong Kelon Electrical Holdings Company Limited, the deputy general manager of Guangdong Kelon Air-conditioner Co. Ltd., a subsidiary of the Company. Mr. Bai has entered into service agreement with the Company.

The annual remuneration of Mr. Bai is RMB440,000, which is determined with reference to the position Mr. Bai holds in the Company.

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Mr. Zeng Jun Hong , aged 31, graduated with a Master’s degree in Administration from the Beijing Graduate School of China University of Mining and Technology. In August 2001, Mr. Zeng joined Beijing Greencool Environmental as a project manager. In June 2002, Mr. Zeng became the assistant to the President of Jiangxi Greencool Enterprise Development Company Limited. In February 2004, he became the Deputy General Manager of Guangdong Kelon Fittings Company Limited. In July 2004, Mr. Zeng was appointed Chief Supervisor of the Company’s Procurement Centre. Mr. Zeng has entered into service agreement with the Company.

The annual remuneration of Mr. Zeng is RMB240,000, which is determined with reference to the position Mr. Zeng holds in the Company.

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

As at the date of this announcement, the Company’s executive directors are Mr. Gu Chu Jun, Mr. Liu Cong Meng, Mr. Li Zhen Hua, Mr. Yan You Song, Mr. Zhang Hong and Mr Fang Zhi Guo; and the independent non-executive directors are Mr. Chan Pei Cheong, Andy, Mr. Li Kung Man and Mr. Xu Xiao Lu.

Foshan City, Guangdong, the PRC, 26th November, 2004

"Please also refer to the published version of this announcement in China Daily"

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