HRAY Hurray! Holding CO., Ltd. (MM)

BEIJING, May 12 /PRNewswire-Asia-FirstCall/ -- Best Prospect Overseas Limited sent the following open letter to shareholders of Hurray! Holding Co., Ltd. (NASDAQ:HRAY) on May 12, 2009. Best Prospect Overseas Limited May 12, 2009 Open Letter to Hurray! Shareholders Dear Shareholders: As you have witnessed over the past few weeks, we tried to engage in a dialogue with the board of directors of Hurray! Holding Co., Ltd. ("Hurray!" or the "Company"). During the course of our attempt to bring leadership and opportunities to the Company, we received numerous correspondences from shareholders ranging from large institutions with substantial shareholdings to individual shareholders, all in support of our efforts and all are frustrated with the status quo at Hurray!. We have been told that Hurray!'s shareholders are eager for change. We believe that there are many other shareholders who are also frustrated but have not expressed such frustration publicly. The Board seems to believe that they do not need to answer, or even listen, to Hurray!'s shareholders. However, you, the real owners of Hurray!, deserve to be heard. To help you make your case and to help reinforce our efforts to bring value to Hurray!, we created an email address specifically for Hurray!'s shareholders to communicate directly with us. It is our intention to create a forum for dialogue focused on addressing longstanding issues at Hurray!. We look forward to receiving your comments at . We hope that with your support, we can get the attention of the Board. If not, you, as Hurray!'s shareholders and the real owners of the Company, can and should remove, at the next Annual General Meeting of Shareholders, those directors who ignored your interests for the past couple of years. Sincerely, Jacky C. F. Tung On behalf of Best Prospect Overseas Limited For more information, please contact: Xiong Can Mobile: +86-139-1136-9097 DATASOURCE: Best Prospect Overseas Limited CONTACT: Xiong Can at +86-139-1136-9097 or

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