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

Aug 11, 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

ARRPOVAL BY QINGDAO STATE-OWNED ASSETS SUPERVISION AND ADMINISTRATIVE COMMITTEE

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

In relation to the Acquisition, the Company received on 11 August 2009 the document (Qing Guo Zi Chan Quan [2009] No. 26) issued by Qingdao SASAC, pursuant to which Qingdao SASAC agrees in principle with the proposed non-public issue of A Shares by the Company to Qingdao Hisense for the Company’s acquisition of the White Goods Business. Qingdao SASAC also agrees that the consideration for the White Goods Business shall be RMB1,238,204,800 (taking into account the assets and liabilities of the White Goods Business). The consideration for the Acquisition will be satisfied by the Company through non-public issue of 362,048,187 A Shares to Qingdao Hisense at the issue price of RMB3.42 per Consideration Share with a par value of RMB1.00 each (the number of Consideration Shares to be issued is subject to the final approval by the CSRC).

The approval from Qingdao SASAC is one of the Conditions to be fulfilled under the Acquisition Agreement. Completion of the Acquisition is subject to fulfillment of all the Conditions as set out in the Circular.

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By order of the board of directors Hisense Kelon Electrical Holdings Company Limited Tang Ye Guo Chairman

Foshan City, Guangdong, the PRC, 11 August 2009

As at the date of this announcement, the executive directors of the Company 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 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.

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