Hurray! Named a 2006 Technology Fast 50 Company in China by Deloitte

Hurray! Named a 2006 Technology Fast 50 Company in China by Deloitte

BEIJING, Nov. 24 /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 it has been named 2006 Technology Fast 50 Companies in China by Deloitte, with revenue growth of 169.75% over the past three years.

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

Commenting on this announcement, QD Wang, Chairman and Chief Executive Officer of Hurray!, said, ''We are honoured to receive the renowned award for the second consecutive year. It not only serves as recognition of Hurray!'s achievement and market leadership thus far, but also drives us to continue our aggressive pursuit of our vision to build Hurray! into a leading digital entertainment company in China.''

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

About Deloitte Technology Fast 50 worldwide

Established in the US in 1995, the Deloitte Technology Fast 50 ranks the 50 fastest growing technology companies by geographic region. The program operates independently in 10 countries outside of the United States.

About Hurray! Holding Co., Ltd.

Hurray! is a leading provider of music and music-related products such as ringtones, ringback tones, 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 harbour" 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: 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: +86-10-8455-5532
Email: yfmeng@hurray.com.cn

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Source: Hurray! Holding Co., Ltd.

CONTACT: Phoebe Meng, Investor Relations Manager of Hurray! Holding Co.,
Ltd., +86-10-8455-5566 x5532, or yfmeng@hurray.com.cn

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

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