Medlive Technology Co., Ltd. — Capital/Financing Update 2006

Nov 24, 2006

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

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)

DISCLOSABLE AND CONNECTED TRANSACTION DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of Guangdong Kelon Electrical Holdings Company Limited (the “Company”) dated 2 November 2006 (the “Announcement”) in relation to the disclosable and connected transaction of the Company. Terms used herein shall have the same meanings as defined in the Announcement unless otherwise stated.

Pursuant to Rules 14.38 and 14A.49 of the Listing Rules, a circular (the “Circular”) containing, amongst others, details of the Proposed Acquisition and the terms and conditions of the Equity Transfer Memorandum of Understanding will be despatched to the Shareholders within 21 days from the date of the publication of the Announcement, i.e. 24 November 2006. As additional time is required for the Company to prepare for the information to be disclosed in the Circular, including among other things, the status of the on-going litigations against the Company and the financial impacts of the Proposed Acquisition on the Company, an application has been made to the Stock Exchange by the Company for a waiver from strict compliance with Rules 14.38 and 14A.49 of the Listing Rules by extending the despatch date of the Circular to no later than 15 December 2006.

SUSPENSION OF TRADING IN THE H SHARES

At the request of the Company, trading in the H Shares 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 further announcements in relation to, amongst others, the financial, production and trading position of the Company, and the satisfaction by the Stock Exchange of the adequacy of the internal control measures of the Company, trading in the H Shares 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. Xiao Jian Lin and Mr. Lin Lan; 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, 23 November 2006

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

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