Medlive Technology Co., Ltd. — Earnings Release 2003

Mar 25, 2004

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GUANGDONG KELON ELECTRICAL HOLDINGS COMPANY LIMITED 廣東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)

ANNOUNCEMENT

This announcement is made pursuant to paragraph 2(2) of the listing agreement entered into between the Company and the Hong Kong Stock Exchange.

The Company estimates on a preliminary basis that its net profit for the year 2003, when compared with that of 2002, would increase by more than 50%.

This announcement is made pursuant to paragraph 2(2) of the listing agreement entered into between Guangdong Kelon Electrical Holdings Company Limited (the “Company”) and the Stock Exchange of the Hong Kong Limited (“Hong Kong Stock Exchange”).

Pursuant to the requirements of the Listing Rules of the Shenzhen Stock Exchange and the notice regarding the proper preparation of 2003 annual reports by listed companies issued by the Shenzhen Stock Exchange, it is hereby announced that the Company’s estimate of profits for the year of 2003 is as follows:

Set out below are the Company’s recent financial results:

For the nine monthsFor the yearended, or as the caseended, or as the casemay be as at,may be as at,30 September 200331 December 2002Indication(unaudited)(audited)RMBRMBRevenue from principal operations5,032,571,3264,878,257,017Net profit176,994,660101,276,990Total assets9,202,137,6247,656,539,329Shareholders’ equity (excluding minority interests)2,779,130,6832,575,000,833Earnings per share – weighted average0.180.10Earnings per share – fully diluted0.180.10Net assets per share2.802.60Adjusted net assets per share2.622.39Return on net assets (in %)6.37%3.93%	For the nine monthsForended, or as the caseended, or asmay be as at,may30 September 200331 Decemion(unaudited)(RMBe from principal operations5,032,571,3264,878fit176,994,660101sets9,202,137,6247,656lders’ equity (excluding minority interests)2,779,130,6832,575s per share – weighted average0.18s per share – fully diluted018	the yearthe casebe as at,ber 2002audited)RMB,257,017,276,990
		,539,329000833
		,,0.10010

Based on the financial results of the Company for the first three quarters of 2003 and the preliminary position of the audit of the Company’s 2003 financial results up to the date of this announcement, the Company estimates on a preliminary basis that its net profit for the year 2003, when compared with that of 2002, would increase by more than 50%. Further details on the financial results of the Company for

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the year 2003 will be disclosed in its 2003 annual report after the auditors of the Company have completed the audit.

In the meantime, investors should take caution when dealing in the shares in the Company.

By the order of the Board of Guangdong Kelon Electrical Holdings Company Limited Gu Chu Jun Chairman

Guangdong, the PRC, 25 March 2004

“Please also refer to the published version of this announcement in China Daily”

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