Medlive Technology Co., Ltd. — M&A Activity 2009

Dec 22, 2009

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

CONDITIONAL APPROVAL OF THE ACQUISITION BY THE CSRC AND RESUMPTION OF TRADING

Reference is made to the announcements dated 16 July 2009, 4 August 2009, 11 August 2009, 31 August 2009, 28 September 2009，17 December 2009, 18 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.

DECISION OF THE CSRC

On 22 December 2009, the Merger and Reorganization Review Committee of the CSRC conditionally approved the Acquisition. The Company will make further announcement when it receives the formal approval from the CSRC.

SUSPENSION AND RESUMPTION OF TRADING

At the request of the Company, trading in the Company’s A shares (stock code: 000921, stock short name: ST Kelon) and H shares (stock code: 000921, stock short name: HISENSE KELON) has been suspended pending the release of this announcement. Application has been made to the Shenzhen Stock Exchange and the Stock Exchange for resumption of trading in the Company’s A shares and H shares respectively with effect from 9:30 a.m. on 23 December 2009.

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

Foshan City, Guangdong, the PRC, 22 December 2009

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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