Medlive Technology Co., Ltd. — Board/Management Information 2005

Aug 31, 2005

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

A written notice convening the board meeting of Guangdong Kelon Electrical Holdings Company Limited (“the Company”) was despatched to all the directors by facsimile on 15 August 2005. The meeting was held at the conference room at the Company’s head office in Shunde District, Foshan City, Guangdong, on 30 August 2005 at 10:00 a.m. Six out of nine directors attended the meeting. Executive directors including Mr. Liu Cong Meng, Mr. Li Zhen Hua, Fang Zhi Guo attended the meeting in person while independent non-executive directors including Mr. Chan Pei Cheong, Andy, Mr. Li Kung Man and Mr. Xu Xiao Lu attended the meeting and voted by way of telephone conference. The meeting was chaired by vice chairman of the board, Mr. Liu Cong Meng and was held in accordance with the Company Law of the People’s Republic of China and the articles of association of the Company. The following matters took place:

1. the text and the summary of the interim report for the first half year of 2005 was considered and approved, with 6 affirmative votes, 0 objected votes and 0 abstained votes;

2. the explanation by the board of the Company on the changes of qualified opinions and matters in the auditors’ report of the 2004 annual report was considered and approved, with 6 affirmative votes, 0 objected votes and 0 abstained votes;

3. the explanation by the board of the Company on the retrospective adjustments to the financial statements disclosed in the previous year was considered and approved, with 6 affirmative votes, 0 objected votes and 0 abstained votes.

By order of the Board of Guangdong Kelon Electrical Holdings Company Limited Liu Cong Meng Vice 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.

As disclosed in the Company’s announcements dated 1, 4, 12 and 26 August, 2005, Mr. Gu and Mr. Yan You Song (“Mr. Yan”) are being formally investigated by the PRC police department and are subject to procedures adopted by the PRC police department in connection with criminal offences. The Company

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has been informed on 30 August, 2005 that Mr. Zhang Hong, a director, has also been formally investigated by the PRC police department and subject to procedures for alleged economic crime since 2 August 2005. None of them can be contacted as at the date hereof. As such, Mr. Gu, Mr. Yan and Mr. Zhang Hong do not accept responsibility for the contents of this announcement.

Foshan City, Guangdong, the PRC, 30th August, 2005

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

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