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

Jul 7, 2009

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, 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 document.

==> picture [369 x 38] intentionally omitted <==

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 THE PROGRESS OF

SIGNIFICANT ASSET RESTRUCTURING

This announcement is made pursuant to Rules 13.09(1) and 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).

Hisense Kelon Electrical Holdings Company Limited (the “Company”) disclosed the “Proposal of Acquisition of Assets through Non-public Issue of Shares (A Shares) and Connected Transaction” (Please refer to the announcement dated 11 May 2009 published by the Company on the designated website (www.cninfo.com.cn), the announcement on resolutions passed at the 9th meeting of 2009 of the sixth board of directors of the Company dated 8 May 2009 published by the Company pursuant to Rule 13.09(1) of the Listing Rules and the overseas regulatory announcement of the Company dated 8 May 2009 published by the Company pursuant to Rule 13.09(2) of the Listing Rules). The progress of this significant asset restructuring is as follows:

1. Currently, all the work relating to this significant asset restructuring is being conducted actively. Upon completion of the above-mentioned work, the Company will issue a notice of the general meeting at which this significant asset restructuring will be considered.

1

1. Apart from the “Framework Agreement for Acquisition of the White Goods Assets of Qingdao Hisense Air-conditioning Company Limited through Issue of New Shares (A Shares) by Hisense Kelon Electrical Holdings Company Limited” and “Agreement for Acquisition of the White Goods Assets of Qingdao Hisense Air-conditioning Company Limited through Issue of New Shares (A Shares) by Hisense Kelon Electrical Holdings Company Limited” considered and passed at the meetings of the board of directors of the Company on 8 May 2009 and 29 June 2009, respectively, the Company has neither signed any other new agreements with Qingdao Hisense Air-conditioning Company Limited, nor proposed any new resolutions.

3. Important notice

As at the date of this announcement, the Company is not aware of any issue that may give rise to the revocation, termination or substantial change of this restructuring proposal by the board of directors of the Company.

The completion of this transaction is subject to the fulfillment of various conditions (The attention of general investors is drawn to the risk reminder set out in the “Proposal of Acquisition of Assets through Non-public Issue of Shares (A Shares) and Connected Transaction” published by the Company on the designated website (www.cninfo.com.cn) on 11 May 2009 (this proposal was also published by the Company as an overseas regulatory announcement dated 8 May 2009 pursuant to Rule 13.09(2) of the Listing Rules)). Accordingly, the successful implementation of this significant asset restructuring is subject to uncertainty. General investors are reminded to consider the risks involved.

The Company will discharge its relevant obligations of information disclosure under the relevant laws and requirements on a timely basis with respect to the progress of this significant asset restructuring.

By order of the Board of

Hisense Kelon Electrical Holdings Company Limited

Tang Ye Guo

Chairman

2

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 of the Company 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.

Foshan City, Guangdong, the PRC, 7 July 2009

3