Hurray! Announces Board Changes

Hurray! Announces Board Changes

BEIJING, May 17 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd. (NASDAQ:HRAY), a leader in wireless music distribution and other wireless value-added services, artist development and music production, and wireless value-added services management software in China, today announced the resignation of Mr. Scott Bonham from its board. Mr. Bonham has served as a director since 2003 when he led his firm's venture investment in Hurray!.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO )

Concurrently, independent director Mr. Suberna Shringla has been appointed chairman of Hurray!'s nomination committee, as well as a member of the company's audit and compensation committees, roles that Mr. Bonham previously held. Effective with the board changes, four of Hurray!'s seven directors qualify as independent directors, maintaining full compliance with Nasdaq director independence requirements.

Commenting on this event, Hurray!'s Chairman and Chief Executive Officer, QD Wang, said, ''On behalf of the Board and the company, I would like to express our appreciation to Scott for his contribution to the Company's growth and success in the past three years.''

About Hurray! Holding Co., Ltd.

Hurray! is a leading provider of music and music-related products such as ringtones, ringbacktones, and truetones to mobile users in China through SMS, IVR, RBT, WAP, MMS and Java wireless value-added services platforms over mobile networks and through the Internet. The company also provides a wide range of other wireless value-added services to mobile users in China, including games, pictures and animation, community, and other media and entertainment services.

In addition, Hurray! is a leader in artist development, music production and offline and online distribution in China through its majority controlled record labels Huayi Brothers Music and Hurray! Freeland Music.

Hurray! also designs, develops, sells and supports a service provisioning and management software for mobile operators in China to manage wireless value-added services.

Forward-looking Statements

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes" and similar statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: any uncertainties associated with Mr. Suberna Shringla serving as chairman of Hurray!'s nominating committee, as well as a member of the company's audit and compensation committee; Hurray!'s ability to maintain its leading position in the market for wireless value-added services in China, including its ability to anticipate or address changes in technologies and user preferences in an effective and timely manner; the risk that Hurray's profitability may be adversely affected in future periods for a variety of reasons, many of which may be beyond management's control; the state of Hurray!'s relationships with China's mobile operators; and other risks outlined in Hurray!'s filings with the Securities and Exchange Commission, including its registration statement on Form F-1, as amended. Hurray! does not undertake any obligation to update this forward-looking information, except as required under applicable law.

For more information, please contact:

Phoebe Meng
Investor Relations Manager
Tel: +86-10-6518-8989 x6806
Email: yfmeng@hurray.com.cn

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Source: Hurray! Holding Co., Ltd.

CONTACT: Phoebe Meng, Investor Relations Manager of Hurray!,
+86-10-6518-8989 x6806, or yfmeng@hurray.com.cn

Web Site: http://www.hurray.com/english/home.htm

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