Medlive Technology Co., Ltd. — Capital/Financing Update 2011

Jun 9, 2011

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 on External Guarantees

This announcement is made by Hisense Kelon Electrical Holdings Company Limited (the “Company”) in accordance with Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

Based on the needs for business development of the Company, the Company proposed to provide guarantee amounting to RMB 20 million for its agent, Xinjiang Hisense Kelon Electrical Sales Company Limited, for the year 2011. The particulars of the guarantee are set forth as follows:

I. Summary of the guarantee

Name of agent for which guarantee will be Amount of guarantee (RMB’0000) provided Xinjiang Hisense Kelon Electrical Sales 2000 Company Limited

There is no connected relationship between such agent for which guarantee will be provided and the Company. The aggregate amount of the guarantee proposed to be provided by the Company to the agent represented 3.70% of the audited absolute net asset value of the Company as at 31 December 2010. Such agent for which guarantee will be provided also provides counter guarantee to the Company.

The above amount of guarantee can be used on a revolving basis during the year 2011 (i.e. from 1 January 2011 to 31 December 2011) from the date of approval at the general meeting of the Company.

II. Particulars of the party for which guarantee will be provided

Xinjiang Hisense Kelon Electrical Sales Company Limited is an agent of the Company. It was established on 29 December 2007, with registered address at Room 706, Huiyuan Building, No. 463 Xinyi Road, Xinshi District, Urumqi. Its legal representative is Jing Yao. Its registered capital is RMB12.8million. It is owned as to 28.59% by Jing Yao, 12.5% by Hou Yi, 7.03% by Xu Ke Bing, 6.25% by He Xin, 5.47% by Li Xue Song, 3.98% by Sun Yu Yan, 3.91% by Lu Huai Bin, 3.91% by Chen Yi Lian, 3.91% by Xu Bao Cheng, 3.13% by

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Ye Jun, 3.13% by Jiang Xue Mei, 2.34% by Xia Zhi Cai, 2.34% by Wang Wei, 2.34% by Zhong Xiu Ling, 2.34% by Jing Chun Hui, 1.56% by Xu Hong Tong, 1.56% by Hu Yong Jun, 1.56% by Shao Bin, 1.41% by Zhang Guo, 1.17% by Chen Yu Jun, 0.78% by the Company, and 0.78% by Zeng Sheng. Its principal business includes sale, installation and maintenance of home appliances of brands under Hisense Kelon and their parts and components.

Major financial data of the agent for which guarantee will be provided for the most recent year and most recent quarter (Unit: RMB’0000)

Financial period	Total assets	Totalliabilities	Net assets	Revenue fromprincipaloperations	Gross profit	Netprofit
2010(Audited)	2713	1665	1048	11747	265	198
First quarter of2011(Unaudited)	3126	1331	1795	2887	184	138

III. Status of signing and performance of guarantee agreement

The above guarantee agreement has not been signed and its main content is still subject to negotiation between the guarantor, being the Company, and the banks.

IV. Opinion of the board of directors on the above guarantee

The relevant agent is not a connected person of the Company. The provision of guarantee to the agent is beneficial to the business development of the Company, and is in the interests of the Company as a whole. Meanwhile, after assessing the profitability and solvency of the party for which guarantee will be provided, it is considered that the operation of the party for which guarantee will be provided is stable with a strong ability to perform contracts and agreements, and its loan repayment ability is assured. The board of directors of the Company is of the view that the risks relating to the provision of the guarantee are under control.

The resolution in respect of the proposed provision of guarantee for the agent of the Company was passed at the fifth 2011 extraordinary meeting of the Company’s seventh session of the board of directors. Out of the nine directors who should attend the meeting, nine directors attended. The convening of and the voting at the meeting were in compliance with the relevant requirements of the Company Law of the People’s Republic of China and the Articles of Association of the Company. The relevant resolution was passed with 9 affirmative votes, 0 against vote and 0 abstention vote after consideration. The guarantee is still subject to the consideration and approval by the shareholders at the general meeting.

V. Cumulative amounts of external guarantees and overdue guarantees

As at 31 December 2010, the aggregate amount of external guarantees of the Company and its subsidiaries was RMB405,060,400, representing 74.84% of the audited absolute net asset value of the Company as at 31 December 2010. There was no overdue guarantee or guarantee that was subject to litigation.

VI. Other explanation

The term “revolving use” mentioned in this announcement means the above-listed guarantee could be provided for at any time during the guarantee period by the guarantor for the party whose liabilities are to be guaranteed, provided that the guarantee to be provided

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shall be equal to or less than the maximum amount of the guarantee specified above. The Company will discharge the relevant disclosure obligations on a timely basis in the event of changes in the guarantee proposed to be provided by the Company for its agent.

VII. Documents for inspection

The resolutions passed at the fifth 2011 extraordinary meeting of the Company’s seventh session of the board of directors.

By order of the Board of Hisense Kelon Electrical Holdings Company Limited

Tang Ye Guo

Chairman

Foshan City, Guangdong, the PRC, 9 June 2011

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, Mr. Xiao Jian Lin and Ms. Liu Chun Xin; and the Company’s independent non-executive directors are Mr. Zhang Sheng Ping, Mr. Cheung Yui Kai, Warren and Mr. Wang Ai Guo.

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