Hurray! Holding Co., Ltd. Posts Annual Report Online

Hurray! Holding Co., Ltd. Posts Annual Report Online

BEIJING, Aug. 4 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd. (NASDAQ:HRAY), a leader in artist development, music production and wireless music distribution and other wireless value-added services in China, today announced that it has posted its 2007 annual report to shareholders at http://www.hurray.com/ on the Investor Relations page and submitted such a report to the U.S. Securities and Exchange Commission (SEC) on a current report on Form 6-K. Shareholders can receive a hard copy of the annual report free of charge by sending a request to Attention: Investor Relations, 15/F, Tower B, Gateway Plaza, No. 18 Xia Guang Li, North Road, East Third Ring, Chaoyang District, Beijing 100027, People's Republic of China.

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

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. The Company, through Fly Songs, also organizes concerts and other music events in China.

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

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: continued competitive pressures in China's wireless value-added services market; changes in technology and consumer demand in this market; the risk that Hurray! may not be able to control its expenses in future periods; Hurray!'s ability to succeed in the music development, production and distribution business, with which it has only limited experience; changes in the policies of the mobile operators in China or the laws governing wireless value-added services; the state of Hurray!'s relationships with China's mobile operators and the risk that Hurray! may be subject to further sanctions and penalties from them in future periods; 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:

Christina Low F.S.
Investor Relations Officer
Tel: +86-10-8455-5566 x5532
Email: IR@hurray.com.cn

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Source: Hurray! Holding Co., Ltd.

CONTACT: Christina Low F.S., Investor Relations Officer, +86-10-8455-
5566 x5532, or IR@hurray.com.cn

Web site: http://www.hurray.com/

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