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

Jun 28, 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)

APPOINTMENT OF SUPERVISOR

The labour union of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) received a letter of recommendation from the Company on 20 June 2006, recommending Mr. Liu Zhan Cheng to act as the supervisor representing the staff and workers of the Company and proposing the recommendation for consideration at the staff representative meeting of the Company.

The labour union of the Company issued a notice of meeting by way of writing and fax on 20 June 2006 in relation to the staff representative meeting of the Company (the “Meeting”) to be held at 9:00 a.m. on 23 June 2006 at conference room No. 1, 2nd floor of the Company’s head office, Shunde District, Foshan City, Guangdong Province, the People’s Republic of China (the “PRC”) for the purpose of considering the resolution in relation to the election of Mr. Liu Zhan Cheng as the supervisor representing the staff and workers of the Company.

The Meeting was held at 9:00 a.m. on 23 June 2006 at conference room No. 1, 2nd floor of the Company’s head office. A total of 60 staff representatives attended the Meeting, representing 100% of those who had been called upon. The convening of the Meeting was in compliance with the relevant requirements of the Company Law of the PRC and the articles of associations of the Company. The following resolution was considered and passed at the Meeting:

“The approval of the election of Mr. Liu Zhan Cheng as the supervisor representing staff and workers of the Company on the fifth supervisory committee with 60 affirmative votes, 0 objected votes and 0 abstained votes. Mr. Liu together with the supervisors representing the shareholders of the Company will form the fifth supervisory committee of the Company.”

Mr. Liu Zhan Cheng, aged 28, graduated with a bachelor degree from Zhongnan University of Economics (中南財經大學 ) in 1999 and has joined the Company since then. He was the deputy manager and manager of the accounting division of the finance department of the Company from July 1999 to November 2002. He was the deputy department head of the operations management department of Guangdong Kelon Refrigerator Ltd. and Guangdong Kelon Refrigerator Co., Ltd. between November 2002 and September 2003 and was the department head of the material control department of Guangdong Kelon Refrigerator Ltd. and Guangdong Kelon Refrigerator Co., Ltd. between September 2003 and September 2005. From September 2005 to May 2006, Mr. Liu was the department head of the supply department of Guangdong Kelon Air-Conditioner Co., Ltd. He has been the assistant general manager and department head of the supply department of Guangdong Kelon Air-Conditioner Co., Ltd. since May 2006.

Mr. Liu will serve as a supervisor of the Company from the date of this announcement until 15 January 2008. Mr. Liu will not be entitled to any remuneration from the Company for serving as a supervisor of the Company.

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As at the date of this announcement, Mr. Liu has no interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Liu has not held any directorships in any public listed companies in the past three years. Before becoming a supervisor of the Company, Mr. Liu was not connected with any directors, senior management or substantial or controlling shareholder of the Company. He has never been subjected to any disciplinary action by China Securities Regulatory Commission or any stock exchange. Mr. Liu confirmed that there is no other information to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no matters that need to be brought to the attention of the shareholders of the Company.

Trading in the A shares of the Company

As the Company is unable to publish the annual report of the Company for the financial year ended 31 December 2005 (the “Annual Report”) and the quarterly report of the Company for the three months ended 31 March 2006 (the “First Quarterly Report”) on or before 30 April 2006 as required by the relevant laws and regulations in the PRC, trading in the A shares of the Company on the Shenzhen Stock Exchange was suspended from 8 May 2006 until the Annual Report and the First Quarterly Report have been published.

If the Company is unable to publish the Annual Report and the First Quarterly Report by 30 June 2006, trading in the A shares of the Company will resume on 3 July 2006 and the procedures in relation to a warning of risk of delisting will be implemented in respect of the A shares 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 publication of the annual results of the Company for the financial year ended 31 December 2005 and further announcements in relation to, amongst others, the financial, production and trading position of the Group, and the satisfaction by The Stock Exchange of Hong Kong Limited 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, 27 June 2006

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

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