Medlive Technology Co., Ltd. — Earnings Release 2003

Aug 15, 2003

Listed Company Information

GUANGDONG KELON<00921> - Results Announcement Guangdong Kelon Electrical Holdings Company Limited announced on 15/08/2003: (stock code: 00921 ) Year end date: 31/12/2003 Currency: RMB Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2003 from 01/01/2002 to 30/06/2003 to 30/06/2002 Note ('000 ) ('000 ) Turnover : 3,315,066 2,550,332 Profit/(Loss) from Operations : 215,903 158,665 Finance cost : (60,546) (52,796) Share of Profit/(Loss) of Associates : (5,808) 2,421 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 142,232 104,898 % Change over Last Period : +35.6 % EPS/(LPS)-Basic (in dollars) : 0.14 0.11 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 142,232 104,898 Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) Review conclusion - Extracted from Independent Review Report issued by the auditors On the basis of our review which does not constitute an audit, we are not aware of any material modifications that should be made to the interim financial report for the six months ended 30 June 2003. Without modifying our review conclusion, we draw to your attention that the comparative condensed consolidated income statement for the six months ended 30 June 2002 disclosed in the interim financial report may not be comparable with the figures for the current period. The previous auditors explained in their auditors' report on the financial statements for the year ended 31 December 2001 that they were unable to obtain reasonable representations and assurances on which they could rely for the purposes of their audit and there were no satisfactory audit procedures that they could perform to obtain reasonable assurance that all material transactions were properly recorded and completely disclosed. Against this background, we were unable to conclude as to whether the net assets of the Group as at 31 December 2001 were free from material misstatement. Any adjustments to the opening net assets of the Group as at 1 January 2002 would affect the profit of the Group for the six months ended 30 June 2002. (2) Basic earnings per share The calculation of basic earnings per share was based on the unaudited consolidated net profit of RMB142,232,000 for the six months ended 30 June 2003 (six months ended 30 June 2002: RMB104,898,000) divided by 992,006,563 ordinary shares (2002: 992,006,563 ordinary shares) in issue during the period.