Medlive Technology Co., Ltd. — Major Shareholding Notification 2008

Dec 30, 2008

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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

TRANSFER OF EQUITY

This announcement is made by Hisense Kelon Electrical Holdings Company Limited (the “Company”) in accordance with Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

On 26 December 2008, the Company received from China Finance Asset Management Corporation (“China Finance Corporation”) the “Confirmation Certificate of Share Transfer” issued by the Shenzhen branch of China Securities Depository and Clearing Corporation Limited, confirming that the 63,923,804 A shares of the Company held by Foshan City Shunde District Economic Consultancy Company (“Foshan Consultancy”) have been transferred to China Finance Corporation. In this regard, China Finance Corporation has become the shareholder of the Company, representing approximately 6.44% of the total issued share capital of the Company, and Foshan Consultancy ceases to hold any shares of the Company. The change of the shareholding of the relevant shareholders before and after the share transfer is set out below:

Shareholders	Number of Shares of the	Number of Shares of the
	Company held before the Share	Company held After the Share
	Transfer	Transfer
	Percentage toPercentage to	Percentage toPercentage to
	the total sharethe total	the total sharethe total
	capitalnumber of A	capitalnumber of A
	shares	shares
Foshan	63,923,804	0

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Consultancy	6.44%	12.01%	0%	0%
China FinanceCorporation	0		63,923,804
	0%	0%	6.44%	12.01%

Trading in the H shares of the Company

At the request of the Company, trading in the H shares of the Company was suspended with effect from 10:00 a.m. on 16 June 2005, pending the release of an announcement in relation to price-sensitive information of the Company.

The Company received a letter from the Stock Exchange dated 5 June 2008 agreeing that trading in the H shares of the Company be allowed to resume subject to the fulfilment of the conditions as set out in its letter to the satisfaction of the Stock Exchange prior to the resumption of trading in the H shares of the Company. Please refer to the announcement of the Company dated 6 June 2008 for details of such conditions. The Company has appointed an independent professional firm to conduct a review on the internal control system of the Company and its subsidiaries.

By order of the Board of

Hisense Kelon Electrical Holdings Company Limited Tang Ye Guo

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As at the date of this announcement, the Company’s directors are Mr. Tang Ye Guo, Ms. Yu Shu Min, Mr. Lin Lan, Ms. Liu Chun Xin and Mr. Zhang Ming; 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, 30 December 2008.

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