Medlive Technology Co., Ltd. — Earnings Release 2012

Jan 16, 2013

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 ESTIMATED RESULTS FOR THE YEAR 2012

This announcement is made by Hisense Kelon Electrical Holdings Company Limited (the “ Company ”) pursuant to Part XIVA of the Securities and Futures Ordinance and Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

I. Estimated results during the current reporting period

1. Period of the estimated results: from 1 January 2012 to 31 December 2012

• 2． Estimated results: Loss Turnaround from loss √Increase over the

same period last year Decrease over the same period last year

Item	Current reporting period	Correspondingperiod last year
Net profitattributable to theshareholders ofthe listed company	Increased by 200% - 250% ascompared to the corresponding periodlastyear	Profit: RMB227.02million
	Profit: RMB681.10 million – 794.50million
Basic earnings pershare	Profit: approximately RMB0.50 – 0.59	Profit: RMB0.168

Note: The figures as shown above are prepared in accordance with the PRC accounting standards.

II. Preliminary audit of the estimated results

These estimated results have not been audited preliminarily by certified public accountants.

III. Explanation for the changes in results

According to the preliminary estimation by the financial department of the Company, the Company’s net profits attributable to the shareholders of the listed company for the reporting period recorded an increase of 200%-250% as compared to the corresponding period last year. The increase in results was mainly attributable to the increase in the revenue for the second half of the year when compared to the

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corresponding period last year, continued increases in the gross profit margin, as well as relatively significant increases in non-recurring items such as transfer of equity in subsidiary in the fourth quarter.

In light of the continued sluggish momentum in the demand for home appliances in the domestic market during the reporting period, the Company has proactively adjusted its product structure, adhered to technological innovations and function upgrade for its products, and continued to increase the weight of high-end products, all of which have in turn led to the continued increase in the overall market share of the Company. According to the statistics of China Market Monitor Company Limited, the Company’s refrigerator products enjoyed a market share of 17.93% in terms of retail sales volume in November 2012. On the other hand, with the Company’s proactive effort in exploring the overseas market, its export business recorded a significant increase in terms of scale when compared to the corresponding period last year. At the same time, continued improvement in gross profit margin and increases in profitability were attained through the Company’s stringent cost control measures.

IV. Other information

For details of the results of operation of the Company for the year 2012, the Company will disclose the same in the 2012 annual report. Investors should remain cautious about the risks relating to investment.

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

Foshan City, Guangdong, the PRC, 16 January 2013

As at the date of this announcement, the Company’s directors are Mr. Tang Ye Guo, Mr. Ren Li Ren, Ms. Yu Shu Min, Mr. Lin Lan, Mr. Xiao Jian Lin and Mr. Gan Yong He; and the Company’s independent non-executive directors are Mr. Xu Xiang Yi, Mr. Wang Xin Yu and Mr. Wang Ai Guo.

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