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

Apr 20, 2004

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)

(Stock Code: 921)

ANNOUNCEMENT OF THE RESOLUTIONS PASSED AT THE BOARD MEETING

This announcement is made pursuant to Rule 13.09(2) of the Listing Rules.

The Board of Directors of the Company held a meeting by way of telephone conference on 19 April 2004, during which the resolutions set out below were considered and approved.

This announcement is made under Rule 13.09(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (“Listing Rules”).

The Board of Directors (the “Board”) of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) held a meeting by way of telephone conference at the Conference Room at the Company’s head office in Shunde District, Foshan City, Guangdong, on 19 Apirl 2004 at 10:00 a.m. The meeting was attended by all of the nine directors of the Company. The meeting was duly constituted and 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 chairman of the Board, Mr. Gu Chu Jun, and the following resolutions were considered and approved:

• (1) That the Company’s audited financial statements for the year 2003 had been considered and passed, and be submitted to the annual general meeting (“AGM”) for consideration and approval.

• (2) That the text and the summary of the Company’s annual report for the year 2003 had been considered and passed, and the report of the Directors be submitted to AGM for consideration and approval.

• (3) That the profit distribution proposal of the Company for the year 2003 was considered and approved: For the need of the Company’s fast growth, the Board has proposed not to distribute any dividend for the year 2003 or capitalize any provident fund, and the same be submitted to AGM for consideration and approval.

• (4) That reappointment of 德勤華永會計師事務所有限公司 and Deloitte Touche Tohmatsu as the Company’s domestic and offshore auditors for the 2004 financial year had been considered and passed and the same be submitted to AGM for consideration and approval.

• (5) That the proposed amendments to the Company’s Articles of Association, which was made in accordance with the amended Listing Rules which came into force on 31 March 2004 and pursuant to 《關於規範上市公司與關聯方資金往來及上市公司對外擔保若干問題的通知》jointly promulgated by the China Securities Regulatory Commission and the State-owned Assets Regulatory Commission under the State Council on 28 August 2003, had been considered and approved, and be submitted to AGM for consideration and approval.

• (6) That the 《 The Rules and Regulations Governing Directors’ Meetings》 and 《 The Rules and Regulations Governing Shareholders’ Meetings》, which have been amended to comply the requirements of the amended Listing Rules, had been considered and approved and be submitted to AGM for consideration and approval.

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• (7) That the convening date for the 2003 AGM was fixed on 19 June 2004 and the agenda and notice of AGM would be announced in due course.

• (8) That the Company’s first quarterly report for the year 2004 had been considered and approved.

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

Shunde District, Foshan City, Guangdong, the PRC, 19 April 2004

As at the date of this announcement, the Company’s executive directors include 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 include Mr. Chan Pei Cheong, Andy, Mr. Li Kung Man and Mr. Xu Xiao Lu.

• “Please also refer to the published version of this announcement in China Daily”

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