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 SUPERVISORY COMMITTEE

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 term of office of the 4th Supervisory Committee of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) has expired. The Company convened its first 2005 extraordinary general meeting on 15 January 2005, at which two supervisors of shareholders’ representative were elected. These supervisors will form the 5th Supervisory Committee of the Company together with Ms. He Si as a supervisor of staff representative.

The first meeting of the 5th Supervisory Committee of the Company was held 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. 3 supervisors should attend this meeting, and 3 supervisors actually attended this meeting. The procedures of this meeting were in compliance with the Company Law and the Articles of Association of the Company. This meeting was chaired by Mr. Zeng Jun Hong. The following resolution was considered and passed at the meeting:

Approved to appoint Mr. Zeng Jun Hong as chairman of the 5th Supervisory Committee of the Company with 3 affirmative votes, 0 objected votes and 0 abstained votes. His term of office commences from the date of this resolution and terminates on the expiration of this Supervisory Committee.

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”

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