Medlive Technology Co., Ltd. — Major Shareholding Notification 2004

Oct 15, 2004

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)

(Stock Code: 921)

ANNOUNCEMENT

This announcement is made pursuant to Rule 13.09(2) of the Listing Rules.

Reference is made to the Company’s announcements dated 10th June, 2004, 12th July, 2004, 12th August, 2004 and 13th September, 2004. The Company has been informed that the transfer of the Sale Shares has been completed.

This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Listing Rules”).

Reference is made to the Company’s announcement dated 10th June, 2004. The Company was informed by Guangdong Greencool Enterprise Development Company Limited (“Greencool Enterprise”) and Foshan Shunde Xinhong Enterprise Company Limited (“Xinhong Enterprise”) that they entered into an agreement under which Xinhong Enterprise agreed to sell to Greencool Enterprise 57,436,439 Legal Person Shares (“Sale Shares”) representing approximately 5.79% of the total issued share capital of the Company at a consideration of RMB1.70 per Legal Person Share.

On 14th October, 2004, the Company was informed by Greencool Enterprise and Xinhong Enterprise that the registration of the transfer of the Sale Shares has been completed. The Company has also received from China Securities Registration Clearing Company Limited Shenzhen Branch Company the “Transfer Registration Confirmation” and “Share Ownership Information Report” confirming that the transfer of the Sale Shares has been completed.

After the completion of the transfer of the Sale Shares, Greencool Enterprise will increase its shareholdings in the Company from 204,775,755 Legal Person Shares to 262,212,194 Legal Person Shares, representing an increase from approximately 20.64% to 26.43% of the total issued share capital of the Company. As far as the directors of the Company are aware, Xinhong Enterprise no longer holds any shares in the Company after the transfer.

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

As at the date of this announcement, the Company’s executive directors are Mr. Gu Chu Jun, Mr. Liu Cong Meng, Mr. Li Zhen Hua, Mr. Yan You Song, Mr. Zhang Hong and Mr Fang Zhi Guo; and the independent non-executive directors are Mr. Chan Pei Cheong, Andy, Mr. Li Kung Man and Mr. Xu Xiao Lu.

Foshan City, Guangdong, the PRC, 14th October, 2004

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

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