Medlive Technology Co., Ltd. — Board/Management Information 2010

Dec 2, 2010

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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HISENSE KELON ELECTRICAL HOLDINGS COMPANY LIMITED

海信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: 00921)

ANNOUNCEMENT ON

RESIGNATION OF DIRECTOR CHANGE OF AUTHORIZED REPRESENTATIVE

AND

PROPOSED APPOINTMENT OF DIRECTORS

On 2 December 2010, the board of directors of Hisense Kelon Electrical Holdings Company Limited (the “Company”) received the resignation from Mr. Zhang Ming, director of the Company, that Mr. Zhang Ming resigned as the director of the Company due to job changes with effect from the date of this announcement. Following the resignation of Mr. Zhang Ming as the director of the Company, Mr. Zhang Ming will cease to be an authorized representative of the Company and Mr. Tang Ye Guo, the chairman of the Company, will become one of the authorized representatives of the Company in his stead.

The board of directors of the Company agrees to the resignation of Mr. Zhang Ming and expresses its gratitude to him for his contribution to the Company during his tenure of office. Mr. Zhang Ming has confirmed with the board of the directors of the Company that he has no disagreement with the board of the directors and there is no matter that needs to be brought to the attention of the holders of the securities of the Company and The Stock Exchange of Hong Kong Limited.

In accordance with the relevant laws, regulations and the articles of association of the Company, the board of directors of the Company nominates Mr. Xiao Jian Lin as a director candidate for the seventh session of the board of directors of the Company. Such nomination will be proposed to the extraordinary general meeting of the Company (the “EGM”) for approval (please refer to Note 1 for the biography of Mr. Xiao). If Mr. Xiao is elected, the term of office will expire at the end of the seventh session of the board of directors of the Company.

Also, the resignation of Mr. Lu Qing, an ex-independent non-executive director of the Company, has become effective and accordingly the board of directors of the Company has nominated Mr. Wang Ai Guo as an independent non-executive director candidate for the seventh session of the board of directors of the Company. Such nomination of Mr. Wang Ai Guo as candidate for the independent nonexecutive director of the Company will be proposed to the EGM for approval (please refer to Note 1 for

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the biography of Mr. Wang). If Mr. Wang is elected, the term of office will expire at the end of the seventh session of the board of directors of the Company.

A circular containing, among other things, details of the proposed appointment of Mr. Xiao Jian Lin as a director and Mr. Wang Ai Guo as an independent non-executive director of the Company and the notice of the EGM will be dispatched to the shareholders of the Company in due course.

Note 1

Mr. Wang Ai Guo, aged 46, holds a master’s degree in accountancy from Tianjin Institute of Finance & Economics (天津財經學院) and a doctoral degree from the School of Management of Tianjin University (天津大學管理學院), and is a postdoctoral fellow in accountancy in Tianjin University of Finance & Economics (天津財經大學). He was an associate professor at the Faculty of Accountancy of Shandong Economics College (山東經濟學院) between 1995 and 2000, and has been a professor at the Faculty of Accountancy of Shandong Economics College since 2000. He is currently the dean of the School of Accountancy of Shandong EconomicsCollege, executive chairman of Nationwide Asset Valuation Education Association (全國資產評估教學研究會), council member of Accounting Society of China, and vice-chairman and secretary-general of Accounting Education Committee of Shandong Province (山東省會計教育委員會). He has been the independent director of Laiwu Steel Co.,Ltd (萊 蕪鋼鐵股份有限公司) (listed on the Shanghai Stock Exchange) since June 2008, independent director of Shandong Chenming Paper Holdings Co.Ltd (山東晨鳴紙業集團股份有限公司) (listed on the Shenzhen Stock Exchange and Hong Kong Stock Exchange) since April 2010, and independent director of China Corn Oil Company Limited (中國玉米油股份有限公司 ) (listed on the Hong Kong Stock Exchange) since May 2010.

Save as disclosed above, Mr.Wang has not held any directorship in any other listed companies for the past three years nor any shares of the Company or any its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed above, Mr. Wang does not have any relationship with any directors, senior management, or substantial or controlling shareholders of the Company or its subsidiaries. During his term of office as an independent non-executive director of the Company, Mr. Wang is entitled to an annual emolument of RMB90,000 (before taxation) from the Company as the independent non-executive director. Such emolument shall be determined by the remuneration and appraisal committee of the Board after taking into consideration of the scale of operation of the Company and the remuneration level of independent non-executive directors of other listed companies. Mr. Wang will stand for election as the independent non-executive director of the Company. If elected, Mr. Wang’s term of office will commence from the date of his appointment at the EGM until the expiry of the term of the seventh session of the board of directors (that is 25 June 2012).

Save as disclosed above, Mr. Wang confirms that there is no other matter that needs to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited nor any other matter that needs to be brought to the attention of the shareholders of the Company.

Mr. Xiao Jian Lin, aged 43, has served as the deputy head of Operation Centre, the head of Finance Centre, head of Finance Department and assistant to president of Hisense Company Limited. He has been the vice-president of Hisense Company Limited since January 2008, head of Finance and Operation Management Centre of Hisense Company Limited since January 2009, director of Hisense Company Limited since January 1999, and director of Hisense Electric Co., Ltd. since June 2008.

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As disclosed in the announcement of the Company dated 2 December 2010 in relation to the proposed adoption of the A share share option scheme and the proposed grant thereunder, share options for the subscription of 920,000 A shares of the Company (representing 0.068% of the total issued share capital of the Company and 0.103% of the total issued A shares of the Company as at the date hereof) are proposed to be granted to Mr. Xiao under the A share share option scheme proposed to be adopted by the Company. Such proposed grant will be conditional upon the appointment of Mr. Xiao as a director of the Company and the relevant approvals having been obtained from the shareholders and the relevant authorities.

Save as disclosed above, Mr. Xiao has not held any directorship in any other listed companies for the past three years nor any shares of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed above, Mr. Xiao does not have any relationship with any directors, senior management, or substantial or controlling shareholders of the Company or its subsidiaries. During the term of his directorship, Mr. Xiao will not receive any director’s remuneration from the Company. Mr. Xiao will stand for election as the director of the Company. If elected, Mr. Xiao’s term of office will commence from the date of his appointment at the EGM until the expiry of the term of the seventh session of the board of directors (that is, 25 June 2012).

Save as disclosed above, Mr. Xiao confirms that there is no other matter that needs to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited nor any other matter that needs to be brought to the attention of the shareholders of the Company.

By order of the Board of

Hisense Kelon Electrical Holdings Company Limited

Tang Ye Guo

Chairman

As at the date of this announcement, the Company’s directors are Mr. Tang Ye Guo, Mr. Zhou Xiao Tian, Ms. Yu Shu Min, Mr. Lin Lan and Ms. Liu Chun Xin; and the Company’s independent nonexecutive directors are Mr. Zhang Sheng Ping and Mr. Cheung Yui Kai, Warren.

Foshan City, Guangdong, the PRC, 2 December 2010

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