Medlive Technology Co., Ltd. — Capital/Financing Update 2007

Dec 30, 2007

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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: 0921)

ANNOUNCEMENT ON RESOLUTIONS PASSED AT THE SIXTH MEETING OF 2007 OF THE SIXTH SUPERVISORY COMMITTEE

This announcement is made pursuant to R13.09(1) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

The sixth supervisory committee of Hisense Kelon Electrical Holdings Company Limited (the “Company”) convened the sixth meeting of 2007 at the conference room of the Company’s head office, Shunde District, Foshan City, Guangdong Province on 28 December 2007. All of the three supervisors of the Company attended the meeting. The convening of and the voting at the meeting were in compliance with the relevant requirements of the Company Law of the People Republic of China and the articles of association of the Company. The following resolutions were considered and passed at the Meeting:

Resolution on the Scheme of the Acquisition of Assets through Placing of New Shares (for details, please refer to Allotment and Issue of Shares (A Shares) by Hisense Kelon Electrical Holdings Company Limited to Selected Entities for the Purchase of Assets and Connected Transaction Report (Draft)) was passed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes:

• (1) The method of issue : allotment and issue of shares; was considered and agreed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes.

• (2) The type of shares in issue: ordinary shares (A shares) of Renminbi; was considered and agreed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes.

• (3) The nominal value of shares: Renminbi 1.00 per share; was considered and agreed with 3

affirmative votes, 0 objecting votes and 0 abstaining votes.

• (4) The number of the shares issue: 364,097,421 shares; was considered and agreed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes.

• (5) The target subscriber: Qingdao Hisense Air-conditioning Limited; was considered and agreed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes.

• (6) The issue price: Renminbi 6.98 per share; was considered and agreed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes.

• (7) The arrangement for the lock up period was considered and agreed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes: For the shares issued in theallotment, the shares subscribed by Hisense Air-conditioning should not be transferable within 36 months upon completion of the issue.

• (8) The Validity of the Resolutions: was considered and agreed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes; one year commencing from the date of resolution at the general meeting.

• (9) The arrangement on the unallocated profit before the issue was considered and agreed with 3 affirmative votes, 0 objecting votes and 0 abstaining votes: the unallocated profit of the Company before the issue will be shared by both the new and the existing shareholders.

Suspension of Trading in the H shares of the Company

At the request of the Company, trading in the H Shares of the Company was suspended from 28 April 2005 to 10 May 2005, and has remained suspended since 10:00 a.m. on 16 June 2005, initially following various press releases regarding the investigation by the China Securities and Regulatory Commission on Greencool Technology Holdings Limited in connection with the possible misappropriation of funds of the Company. Greencool Technology Holdings Limited was then an indirect shareholder of the Company controlled by Mr. Gu Chu Jun, who was the then executive director and chairman of the Company and the controlling shareholder of Guangdong Greencool Enterprise Development Company Limited, the then single largest shareholder of the Company.

The Company is currently reviewing the relevant documents in relation to the suspension of H Shares, the events leading to such suspension and the actions taken by the Company

and will submit a resumption proposal to the Stock Exchange as soon as practicable.

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 Yang Yun Duo, Mr Wang Shi Lei, Ms. Yu Shu Min，Mr. Lin Lan and Ms. Liu Chun Xin; 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, 28 December 2007