Medlive Technology Co., Ltd. — Major Shareholding Notification 2006

Dec 14, 2006

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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: 0921)

ANNOUNCEMENT ON SHARE TRANSFER

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 (the “Listing Rules”).

Guangdong Kelon Electrical Holdings Company Limited (the “Company”) was informed by Qingdao Hisense Air-Conditioning Company Limited (“Hisense Air-Conditioner”) that the registration of the transfer of 26.43% domestic legal person shares in the Company by Guangdong Greencool Enterprise Development Company Limited (“Greencool Enterprise”) to Hisense Air-Conditioner (the “Share Transfer”) was completed on 13 December 2006. The Company has also received from China Securities Depository and Clearing Corporation Limited Shenzhen Branch the “Confirmation of Transfer Registration” confirming that the Share Transfer has been completed.

Upon completion of the Share Transfer, Hisense Air-Conditioner owns 262,212,194 shares in the Company, representing 26.43% of the total issued share capital of the Company, and Greencool Enterprise no longer owns any shares in the Company.

Suspension of Trading in H Shares

At the request of the Company, trading in H Shares of the Company was suspended with effect from 10:00 a.m. on 16th June 2005 pending the release of an announcement in relation to price sensitive information. Subject to the publication of a further announcement in relation to, amongst others, the financial, production and trading position of the Company, and the satisfaction by the Stock Exchange of the adequacy of the internal control measures of the Company, trading in H shares of the Company will remain suspended until further notice.

By Order of the Board Guangdong Kelon Electrical Holdings Company Limited Tang Ye Guo Chairman

As at the date of this announcement, the Company’s executive directors are Mr. Tang Ye Guo, Ms. Yu Shu Min, Mr. Xiao Jian Lin and Mr. Lin Lan; and the Company’s independent non-executive directors are Mr. Zhang Sheng Ping, Mr. Lu Qing and Mr. Cheung Yui Kai, Warren.

Foshan City, Guangdong, the PRC, 14 December 2006

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

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