Medlive Technology Co., Ltd. — Board/Management Information 2011

Jun 28, 2011

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 PRESIDENT AND PROPOSED APPOINTMENT OF DIRECTOR

On 27 June 2011, the board of directors of Hisense Kelon Electrical Holdings Company Limited (the “ Company ”) received the resignation from Mr. Zhou Xiao Tian, director of the Company, that Mr. Zhou Xiao Tian resigned as a director of the Company and a member of the Nomination Committee and the Strategic Committee of the board of directors of the Company due to his own family and health reasons with effect from 27 June 2011. The board of directors of the Company agrees to the resignation of Mr. Zhou Xiao Tian and expresses its gratitude to him for his contribution to the Company during his tenure of office. Mr. Zhou Xiao Tian has confirmed to the board of directors of the Company that he has no disagreement with the board of directors of the Company during his directorship 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. Following the resignation of Mr. Zhou Xiao Tian as the director of the Company, Mr. Zhao Xiao Tian will cease to be the president of the Company and Mr. Ren Li Ren has become the president of the Company in his stead with effect from 27 June 2011.

In accordance with the relevant laws, regulations and the articles of association of the Company, the board of directors of the Company nominates Mr. Ren Li Ren as a director candidate for the seventh session of the board of directors of the Company. Such nomination will be proposed to the general meeting of the Company (the “ General Meeting ”) for approval (please refer to Note 1 for the biography of Mr. Ren). If Mr. Ren is elected, his 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. Ren as a director of the Company (the “ Circular ”) and the notice of the extraordinary general meeting will be dispatched to the shareholders of the Company in due course.

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Note 1

Mr. Ren Li Ren , aged 46, has served successively as the assistant to the general manager and the vice general manager of Hisense Electric Co., Ltd, the assistant to the general manager of Qingdao Hisense Computer Co., Ltd., the general manager of Hisense (Beijing) Electrical Co., Ltd. and Hisense (Nanjing) Electrical Co., Ltd.. From June 2006 to July 2009, he acted as the assistant to the president of the Company. He was the general manager of Hisense RonShen (Yangzhou) Refrigerator Co., Ltd. and the vice general manager of Hisense RonShen (Guangdong) Refrigerator Co., Ltd. from November 2007 to August 2009. Mr. Ren has been the vice president of the Company since June 2009 and was appointed as the president of the Company with effect from 27 June 2011. He has also been the general manager of Guangdong Kelon Air-Conditioner Co., Ltd. since August 2009.

As disclosed in the announcement of the Company dated 10 June 2011 in relation to the amendments to the proposed terms of the first A share share option incentive scheme (the “ Scheme ”) and the proposed grant thereunder, share options for the subscription of 720,000 A shares of the Company (representing approximately 0.053% of the total issued share capital of the Company and approximately 0.080% of the total issued A shares of the Company as at the date hereof) are proposed to be granted to Mr. Ren under the Scheme. The Scheme shall be effective upon approval of the Scheme at the general meeting of the Company and the grant of share options and its effectiveness are also subject to the satisfaction of the conditions stipulated under the Scheme.

Save as disclosed above, Mr. Ren 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. Ren 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. Ren will not receive any director’s remuneration from the Company, however, Mr. Ren will receive emoluments as the president of the Company, the amount of which will be determined by the remuneration and appraisal committee of the Board after taking into consideration the scale of operation of the Company and the remuneration level of senior management members of other listed companies and will be disclosed in the Circular. Mr. Ren will stand for election as the director of the Company. If elected, Mr. Ren’s term of office will commence from the date of his appointment at the General Meeting 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. Ren 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

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

Foshan City, Guangdong, the PRC, 28 June 2011

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