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

Jan 18, 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 ON RESOLUTIONS PASSED AT THE FIRST MEETING OF THE FIFTH BOARD OF DIRECTORS

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

The Board of Directors (the “Board”) of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) held its first meeting of the fifth Board of Directors at the conference room of the Company’s head office at Shunde District, Foshan City, Guangdong Province on 15 January 2005. The notice of this meeting was given by fax, telephone and mail on 5 January 2005. 9 directors should attend this meeting, and 7 directors actually attended this meeting, while the other two directors, being Fang Zhi Guo and Zhang Hong were on business trip and authorized Liu Cong Meng and Yan You Song as their proxies respectively to vote for and on behalf of them. The procedures of this meeting were in compliance with the Company Law of the People’s Republic of China and the Articles of Association of the Company. This meeting was chaired by Mr. Gu Chu Jun, Chairman of the Board. The following resolutions were considered and passed at the meeting:

1. Approved to elect Mr. Gu Chu Jun as the Chairman of the fifth Board of Directors with 9 affirmative votes, 0 objected votes and 0 abstained votes;

2. Approved to elect Mr. Liu Cong Meng as Vice Chairman of the fifth Board of Directors with 9 affirmative votes, 0 objected votes and 0 abstained votes;

3. Approved to elect Mr. Li Zhen Hua as Vice Chairman of the fifth Board of Directors with 9 affirmative votes, 0 objected votes and 0 abstained votes;

4. Approved to elect Mr. Liu Cong Meng as President of the Company with 9 affirmative votes, 0 objected votes and 0 abstained votes;

5. Approved to appoint Mr. Yan You Song, nominated by the President, as Vice- President of the Company with 9 affirmative votes, 0 objected votes and 0 abstained votes;

6. Approved to appoint Mr. Lin Lan, nominated by the President, as Vice President of the Company with 9 affirmative votes, 0 objected votes and 0 abstained votes;

7. Approved to appoint Mr. Li Chi Sing, nominated by the President, as the Chief Financial Officer of the Company with 9 affirmative votes, 0 objected votes and 0 abstained votes;

8. Approved to appoint Mr. Liu Cong Meng, nominated by the Chairman of the Board, concurrently as secretary of the Board of the Company with 9 affirmative votes, 0 objected votes and 0 abstained votes. At the same time approved to appoint Mr. Li Chi Sing as secretary of the Company responsible for Hong Kong affairs.

1

Messrs. Chan Pei Cheong, Li Kung Man and Xu Xiao Lu, being independent non-executive directors, consider that the appointment of the above senior management was in compliance with the Company Law and the Articles of Association of the Company. Voting procedures were in compliance with the requirements of the relevant laws and regulations.

1. Approved to appoint the independent non-executive directors, being Messrs. Chan Pei Cheong, Li Kung Man and Xu Xiao Lu as members of the audit committee of the fifth Board of the Company with 9 affirmative votes, 0 objected votes and 0 abstained votes; and

2. Approved to appoint Zhong Liang as the representative in connection with securities affairs with 9 affirmative votes, 0 objected votes and 0 abstained votes.

The term of office of the above personnel commences from the date of passing of these resolutions and terminates on the expiration of the Board.

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 Province, the PRC, 15 January 2005

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

2