Hurray! Awarded a Contract to Develop Application Software for China Telecom's Future 3G Portal

Hurray! Awarded a Contract to Develop Application Software for China Telecom's Future 3G Portal

BEIJING, Sept. 14 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd. (NASDAQ:HRAY), a leader in artist development, music production, wireless music distribution, and other wireless value-added services in China, today announced that it has been awarded a contract by China Telecom to design, develop, sell and support an application software for China Telecom's future nation-wide 3G portal.

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

Commenting on this event, Hurray!'s Chairman and Chief Executive Officer, QD Wang, said, ''We are pleased to win this software contract which will utilize our significant technical expertise, and we believe this contract will further strengthen our strategic relationships with China Telecom.''

About Hurray! Holding Co., Ltd.

Hurray! is a leader in artist development, music production and offline distribution in China through its record labels Huayi Brothers Music, Freeland Music, New Run Entertainment, and Secular Bird.

Hurray! is also a leading online distributor of music and music-related products such as ringtones, ringbacktones, and truetones to mobile users in China through the full range of 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. The Company has further expanded its reach through a new venture with Beijing TV Media, the new media channel of Beijing TV, to provide mobile interactive services for all Beijing TV programs.

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," "anticipates," "future," "intends," "plans," "believes," "estimates" 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: the risk that Hurray! cannot maintain the relations with China Telecom; the risk that this or any future cooperation will not create the operational and financial results that the management and board of directors of Hurray! expect; the risk that this and any future partnership could divert management's attention from Hurray!'s operations, which could adversely affect its results of operations; and the risks outlined in our filings with the Securities and Exchange Commission, including our registration statement on Form F-1. We do 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: +86-10-8455-5566 x5532
Email: yfmeng@hurray.com.cn

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Source: Hurray! Holding Co., Ltd.

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

Web Site:

http://www.hurray.com/

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