Hurray! Announces Board Changes
August 10 2009 - 7:00AM
PR Newswire (US)
BEIJING, Aug. 10 /PRNewswire-Asia/ -- 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 the resignation from the Board, effective
July 31, 2009, of director Mr. Robert Mao. Concurrently, the
Company is pleased to announce the appointment of Mr. Wenwen Niu to
the Hurray! Board of Directors. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO ) Mr Niu is
the publisher and creator of 'The Founder' magazine and a
professional industry commentator. Mr. Niu joined Economic Daily
Group in 1991 and was awarded "China News Prize" for three times in
two consecutive years. In 1999, Mr. Niu was the editor-in-chief of
China Entrepreneur Magazine and he was also a member of the jury of
"Top 10 Economic Leaders" of China Central Television ("CCTV").
'The Founder' magazine was created in 2008 by Mr Niu after he
resigned from China Entrepreneur and the magazine began publishing
in the same year. In addition, Mr. Niu earned his Master degree in
economics and graduated from Cheung Kong Graduate School of
Business (CHGSB) EMBA program. 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's latest acquisition, Seed Music, expands the
Company's music services into Taiwan as well growing our business
in China. 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", "future" 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; the ability of Hurray! to
avoid disruptions to its business caused by changes in the board;
the ability of Hurray! to recruit and retain suitable board
members; 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, and annual reports on Form 20-F. 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 Investor Relations
Officer Tel: +86-10-8455-5566 x5532 Email:
http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO DATASOURCE:
Hurray! Holding Co., Ltd. CONTACT: Christina Low, Investor
Relations Officer, +86-10-8455-5566 x5532, or
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