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 SEVENTH MEETING OF THE SIXTH BOARD OF DIRECTORS

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

The sixth board of directors (the “Board”) of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) convened its seventh meeting (the “Meeting”) on 13 October 2006 by way of written resolutions. The notice of the Meeting was dispatched to all the directors of the Company by fax and served on 15 September 2006. All of the nine directors of the Company attended the Meeting. The convening of and the voting at the Meeting were in compliance with 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 passed at the Meeting:

1. The remuneration standard of Mr. Tang Ye Guo, the chairman of the Board of the Company submitted by the Remuneration Committee of the Company was approved. with 9 affirmative votes. 0 objecting votes and 0 abstaining votes. The annual remuneration of Mr. Tang Ye Guo, the chairman of the Board, in the amount of RMB1 million was approved.

2. The provision of guarantees of RMB1.512 billion by the Company to its subsidiaries for 2006 was approved with 9 affirmative votes, 0 objecting votes and 0 abstaining votes.

Further details are disclosed in the announcement of even date issued by the Company regarding external guarantees issued.

1. Amendments to the “Rules of Procedures for the Meetings of the Board” were approved with 9 affirmative votes, 0 objecting votes and 0 abstaining votes;

Details of part of the amendments are disclosed on the following website:

http://www.cninfo.com.cn;

1. Amendments to the “Rules of Procedures for the General Meetings” were approved with 9 affirmative votes, 0 objecting votes and 0 abstaining votes;

Details of part of the amendments are disclosed on the following website:

http://www.cninfo.com.cn;

1. Amendments to the articles of association of the Company were approved with 9 affirmative votes, 0 objecting votes and 0 abstaining votes;

Details of part of the amendments are disclosed on the following website:

http://www.cninfo.com.cn;

1. The convening of the 2005 annual general meeting of the Company was approved with 9 affirmative votes, 0 objecting votes and 0 abstaining votes;

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The 2005 annual general meeting of the Company will be held at the conference room at the Company’s head office, Shunde District, Foshan City, Guangdong Province, the People’s Republic of China on 5 December 2006. Further details of the 2005 annual general meeting are disclosed in the notice of 2005 annual general meeting issued by the Company of even date.

The above resolutions nos. 1 to 5 shall be considered and approved at the 2005 annual general meeting of the Company, and the 5th resolution shall be considered and approved by way of special resolution.

Trading in the H shares of the Company

At the request of the Company, trading in 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 publication of a further announcement in relation to, amongst others, the financial, production and trading position of the Company, and the satisfaction by the Stock Exchange of the adequacy of the internal control measures of the Company, trading in H shares of the Company will remain suspended until further notice.

By order of the Board 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

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

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