Medlive Technology Co., Ltd. — Capital/Financing Update 2009

Sep 28, 2009

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

Acceptance by the CSRC of Application for Administrative Permission of Major Asset Restructuring of the Company

This announcement is made pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Reference is made to the announcement and the circular (the “Circular”) of the Company dated 16 July 2009 and 31 July 2009, respectively in relation to the acquisition of the Target Group from Qingdao Hisense Air-Conditioning Company Limited and the application for Whitewash Waiver. Unless defined otherwise, capitalized terms used in this announcement shall have the same meanings as those used in the Circular.

With respect to the Acquisition, the Company received on 25 September 2009 the Notice on the Acceptance of the Application for the Administrative Permission (行政許 可申請受理通知書) No. 091261 issued by the CSRC, pursuant to which the CSRC, upon review of the application materials for the administrative permission relating to the Approval for Acquisition of Assets through Issuance of Shares by Listed Company (上市公司發行股份購買資產核准), considers that such application materials are complete and complied with the statutory form, and has therefore decided to accept such application.

By order of the Board of

Hisense Kelon Electrical Holdings Company Limited Tang Ye Guo Chairman

Foshan City, Guangdong, the PRC, 28 September 2009

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, Ms. Liu Chun Xin and Mr. Zhang Ming; and the Company’s independent non-executive directors are Mr. Zhang Sheng Ping, Mr. Lu Qing and Mr. Cheung Yui Kai, Warren.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.