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

Apr 6, 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)

ANNOUNCEMENT OF THE RESOLUTIONS PASSED AT THE BOARD MEETING OF GUANGDONG KELON ELECTRICAL HOLDINGS COMPANY LIMITED

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 board of directors (the“Board”) of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) held a Board Meeting (the “Board Meeting”) at the Conference Room at the Company’s headquarters in Shunde District, Foshan City, Guangdong, the People’s Republic of China (the “PRC”) on Friday, 31 March 2006. A written notice convening the Board Meeting was dispatched to all directors of the Company (the “Directors”) by fax and mail on 21 March 2006. Out of the eight Directors, five Directors attended the Board Meeting. Executive Directors Mr. Liu Cong Meng and Mr. Li Zhen Hua and independent non-executive Director Mr. Li Kung Man attended the Board Meeting in person while executive Director Mr. Fang Zhi Guo and independent non-executive director Mr. Xu Xiao Lu attended the Board Meeting and voted by way of telephone. The Board Meeting was chaired by the vice-chairman of the Board, Mr. Liu Cong Meng, and was held in accordance with the Company Law of the PRC and the articles of association of the Company. The following resolutions were considered and passed at the Board Meeting:

• I. reviewed and passed the “Second Supplemental Sales Agency Agreement” entered into by the Company and Qingdao Hisense Marketing Company Limited (“Hisense Agent”), and authorised Mr. Liu Cong Meng, the vice chairman of the Board, to execute the Agreement with Hisense Agent.

• II. approved the holding of the first extraordinary general meeting of the Company in 2006 to approve and ratify the “Sales Agency Agreement”, the “Supplemental Sales Agency Agreement” and the “Second Supplemental Sales Agency Agreement” entered into in respect of the “Sales Agency Agreement”.

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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 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 H shares of the Company will remain suspended until further notice.

By order of the Board of Guangdong Kelon Electrical Holdings Company Limited Liu Cong Meng Vice 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. Li Kung Man and Mr. Xu Xiao Lu.

As disclosed in the Company’s previous announcements, Mr. Gu, Mr. Yan and Mr. Zhang Hong had been formally arrested by the Foshan City Police. None of them can be contacted as at the date hereof. As such, Mr. Gu, Mr. Yan and Mr. Zhang Hong do not assume responsibility for the contents of this announcement.

Foshan city, Guangdong, the PRC, 4th April, 2006

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

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