Medlive Technology Co., Ltd. — Capital/Financing Update 2010

Mar 26, 2010

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

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 announcements dated 16 July 2009, 4 August 2009, 11 August 2009, 31 August 2009, 28 September 2009 and 17 December 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.

On 26 March 2010, the Company received from the CSRC the following approvals: Letter of Reply Concerning the Approval for the Major Asset Restructuring of Hisense Kelon Electrical Holdings Company Limited and the Acquisition of Assets through Issuance of Shares to Qingdao Hisense Air-Conditioning Company Limited (Zheng Jian Xu Ke [2010] No. 329) and the Letter of Reply Concerning the Approval for the Announcement by Qingdao Hisense Air-Conditioning Company Limited the Acquisition Report of Hisense Kelon Electrical Holdings Company Limited and the Waiver of its General Offer Obligation (Zheng Jian Xu Ke [2010] No. 330).

Pursuant to the approvals mentioned above, the CSRC approved the Company to issue 362,048,187 A Shares as consideration for the acquisition of the relevant assets. The CSRC also approved that Qingdao Hisense Air-Conditioning Company Limited, which will increase its shareholding in the Company by 362,048,187 A Shares to a total of 612,221,909 A Shares, be exempted from its obligation to make a general offer as a result of such increase.

The board of directors of the Company will implement the Acquisition as soon as possible and will duly follow the relevant procedures for asset transfer and issue of shares in accordance with the requirements of the CSRC, the Shenzhen Stock Exchange, the SFC, the Stock Exchange and China Securities Depository & Clearing Corporation Limited Shenzhen Branch.

At the request of the Company, trading in the H shares of the Company on the Stock Exchange has been suspended with effect from 9:30 a.m. on Friday, 26 March 2010 and shall remain

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suspended pending the release of an announcement in relation to the Acquisition which is considered to price sensitive information.

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

Foshan City, Guangdong, the PRC, 26 March 2010

As at the date of this announcement, the 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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