Medlive Technology Co., Ltd. — Board/Management Information 2007

Apr 30, 2007

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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 ON RESOLUTIONS PASSED AT THE 2007 FOURTH 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 fourth meeting of 2007 (the “Meeting”) by way of written resolutions on 27 April 2007. The notice of the Meeting was dispatched to all the directors of the Company by fax and served on 15 April 2007. 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 first quarterly report of the Company for the year 2007 was considered and approved, with 9 affirmative votes, 0 objected votes and 0 abstained votes.

2. The resolution regarding the implementation of the new accounting standards was considered and approved with 9 affirmative votes, 0 objected votes and 0 abstained votes:

The Ministry of Finance issued the Accounting Standard for Enterprises (the “New Accounting Standards”) in 2006 and is required to be implemented by listed companies with effect from 1 January 2007. The Company has implemented the New Accounting Standards as the basis and reference for the auditing of its 2007 accounts since 1 January 2007.

Suspension of Trading in H Shares

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 until futher 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, Mr. Yang Yun Duo, Mr. Wang Shi Lei, Ms. Yu Shu Min, Mr. Lin Lan and Mr. Xiao Jian Lin; 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 April 2007

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

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