Medlive Technology Co., Ltd. — Board/Management Information 2006

Oct 17, 2006

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: 0921)

RESOLUTIONS PASSED AT THE MEETING OF THE SUPERVISORY COMMITTEE

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

The supervisory committee of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) convened a meeting (the “Meeting”) on 16 October 2006 by way of written resolutions. Two of the three supervisors attended the Meeting. As at the date of this announcement, the Company has not been able to reach Mr. Zeng Jun Hong, one of the supervisors of the Company, and accordingly, Mr. Zeng was not able to attend the Meeting. The convening of the Meeting was in compliance with the relevant requirements of the Company Law of the People’s Republic of China (the “PRC”) and the articles of association of the Company. The following resolutions were conscientiously considered and approved at the Meeting:

• I. The resolutions, relating to amendments to the Rules of Procedures of the Supervisory Committee, were considered and approved, with 2 affirmative votes, 0 objecting votes and 0 abstaining votes.

• II. The following resolutions, relating to the election and removal of supervisors acting as representatives of shareholders of the Company (the “Shareholders”), were considered and approved, with 2 affirmative votes, 0 objecting votes and 0 abstaining votes:

  1. As Mr. Zeng Jun Hong is unable to perform his duty as supervisor acting as representative of Shareholders, the supervisory committee proposes the removal of Mr. Zeng’s office as one of the supervisors acting as representative of Shareholders to be considered and approved at the 2005 annual general meeting of the Company.

  2. As nominated by Guangdong Greencool Enterprise Development Company Limited, a shareholder of the Company, Mr. Guo Qingcun (Note 1) is recommended to be one of the candidates for supervisor acting as representative of Shareholders in the sixth supervisory committee of the Company.

  3. As nominated by Shunde Economic Consultancy Company, a shareholder of the Company, Mr. Zhou Zhaoli (Note 2) is recommended to be one of the candidates for supervisor acting as representative of Shareholders in the sixth supervisory committee of the Company.

Mr. Guo Qingcun and Mr. Zhou Zhaoli, if elected as supervisors acting as representatives of Shareholders, shall not be entitled to any remuneration from the Company, and together with Mr. Liu Zhan Cheng acting as supervisor representing staff of the Company, will form the sixth supervisory committee of the Company.

The above resolutions will be presented to the Shareholders for consideration and approval in the 2005 annual general meeting of the Company.

1

In addition, on 29 May 2006, the Company received notice of Mr. Bai Yun Feng’s resignation (due to personal reasons) as supervisor of the Company, as detailed in the announcement of the Company dated 30 May 2006 in China Securities Journal, Securities Times, Hong Kong Commercial Daily and China Daily. The resignation of Mr. Bai Yun Feng will take effect upon the election of new supervisors acting as representatives of Shareholders at the general meeting of the Company.

Trading in the H shares of the Company

At the request of the Company, trading in the H shares of the Company was suspended with effect from 10:00 a.m. on 16 June 2005 pending the release of an announcement in relation to price sensitive information. Subject to the further announcements in relation to, amongst others, the financial, production and trading position of the Group, and the satisfaction by the Stock Exchange of the adequacy of the internal control measures of the Company, trading in the H shares of the Company will remain suspended until further notice.

By order of the Board of Guangdong Kelon Electrical Holdings Company Limited Tang Ye Guo Chairman

As at the date of this announcement, the Company’s executive directors are Mr. Tang Ye Guo, Ms. Yu Shu Min, Mr. Su Yu Tao, Mr. Xiao Jian Lin, Mr. Lin Lan and Mr. Zhang Ming; and the Company’s independent non-executive directors are Mr. Zhang Sheng Ping, Mr. Lu Qing and Mr. Cheung Yui Kai, Warren.

Foshan City, Guangdong, the PRC, 16 October 2006

• Note 1: Mr. Guo Qingcun, male, aged 49, university graduate. Mr. Guo was a lecturer, assistant professor and professor of Shandong University from 1987 to 2002. Mr. Guo was a visiting scholar of the faculty of law at Peking University in 1995. After attaining the qualification of practicing lawyer in the national examination in 1986, he acted as parttime lawyer in the legal advisory office in Shandong and Wenhan Law Firm (文翰律師事務所 ). From 2002 to 2006, he served as an assistant to the president and vice president at Hisense Group Company. Mr. Guo is connected with the substantial or controlling shareholder of the Company as he is one of the chief executives of Hisense Group Company. Save as disclosed above, Mr. Guo is not connected with any directors or senior management or substantial or controlling shareholder of the Company. Mr. Guo has not held any directorships in any public listed companies in the past three years. As at the date of this announcement, Mr. Guo does not hold any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Guo has never been subject to any disciplinary action by the China Securities Regulatory Commission, other relevant authorities or stock exchanges. Mr. Guo confirmed that there is no other information which need to be disclosed pursuant to Rule 13.51(2) of the Listing Rules and there are no matters that need to be brought to the attention of the Shareholders.

• Note 2: Mr. Zhou Zhaoli, male, aged 37, graduated from Jinan University with a master’s degree in business administration in June 2000. Mr. Zhou is an economist. He had been working in the Foshan Branch of China Construction Bank and the Foshan business department of Everbright Securities Company Limited. Mr. Zhou has been working in the Guangzhou office of China Finance Asset Management Company since March 2002. He is currently manager of the business development department of the Guangzhou office of China Finance Asset Management Company, a director of Guangzhou Wenchong Shipyard Limited Liability Company, a supervisor of Guangzhou Weidagao Company Limited (廣州威達高有限責任公司 ) and a supervisor of Guangdong Shaoguan Foundry and Forging Group Co., Ltd (廣東韶鑄集團有限公司 ). Mr. Zhou is not connected with any directors, senior management or substantial or controlling shareholder of the Company. Mr. Zhou has not held any directorships in any public listed companies in the past three years. As at the date of this announcement, Mr. Zhou does not hold any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Zhou has never been subject to any disciplinary action by the China Securities Regulatory Commission, other relevant authorities or stock exchanges. Mr. Zhou confirmed that there is no other information which need to be disclosed pursuant to Rule 13.51(2) of the Listing Rules and there are no matters that need to be brought to the attention of the Shareholders.

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

2