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

Jun 10, 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

(“the Company”)

(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.

The single largest shareholder of the Company, Greencool Enterprise, has agreed to purchase and Xinhong Enterprise has agreed to sell all of the 57,436,439 Legal Person Shares held by the latter. Following completion of the share sale, Greencool Enterprise’s interest in the Company will be increased to 26.43%.

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

Pursuant to the Securities Law of the People’s Republic of China, the Listing Rules of the Shenzhen Stock Exchange and the Administrative Measures on Disclosure of Information Regarding Change of Shareholding in Listed Companies, the Company announces the following change of shareholding of its shareholders.

On 10 June 2004, the Company was informed by Greencool Enterprise Development Company Limited (“Greencool Enterprise”) and Foshan Shunde Xinhong Enterprise Company Limited (“Xinhong Enterprise”) that they entered into an agreement in Shunde District, Foshan City on 10 June 2004 for the sale and purchase of the unlisted domestic legal person shares of RMB1.00 each in the capital of the Company (“Legal Person Shares”). Pursuant to the agreement, Xinhong Enterprise agreed to sell to Greencool Enterprise 57,436,439 Legal Person Shares representing 5.79% of the total issued share capital of the Company at a consideration of RMB1.70 per Legal Person Share. The total consideration will amount to RMB97,641,946.30. Following the completion of the share sale, the total number of Legal Person Shares held by Greencool Enterprise will increase from 204,775,755 shares to 262,212,194 shares, representing an increase from 20.64% to 26.43% of the total issued share capital of the Company. Xinhong Enterprise will no longer hold any shares in the Company after the share sale.

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The Company will make further announcements regarding the progress of the share sale, as and when appropriate, in accordance with the requirements of all applicable laws, rules and regulations including but not limited to the Hong Kong Listing Rules.

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 include 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 include Mr Chan Pei Cheong, Andy, Mr Li Kung Man and Mr Xu Xiao Lu.

Foshan City, Guangdong, the PRC, 10 June 2004

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

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