Hurray! Announces Board Changes
September 07 2009 - 9:00AM
PR Newswire (US)
BEIJING, Sept. 7 /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
September 1, 2009, of Mr. Alan Russell Powrie and Mr. Suberna
Shringla. Concurrently, the Company is pleased to announce the
appointment of Mr. Bruno Wu and Ms. Tongyu Zhou to the Hurray!
Board of Directors, with immediate effect. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO ) Mr. Bruno
Wu has served as a director of Shanda Interactive Entertainment
Limited since October 2006. Mr. Wu is the Co-Founder and Chairman
of The Sun Media Investment Holding Group of Companies, one of
China's largest privately held media groups with investment
interests in 20 media-related companies and a portfolio of over 60
media brands and products. Mr. Wu served as Co-Chairman of SINA
Corporation from 2001 to 2002 and as the Chief Operating Officer of
ATV, one of the two free-to-air networks in Hong Kong, from June
1998 until February 1999. Mr. Wu received his Diploma of Studies in
French civilization from the University of Savoie, France, in 1987.
He graduated with a Bachelor of Science in Business
Administration-Finance from Culver-Stockton College in Missouri in
December 1990. He received his Master of Arts in International
Affairs degree from Washington University, Missouri in 1993 and a
Ph.D. in the International Politics Department of College of Law,
Fudan University, Shanghai, China, in 2001. Ms. Tongyu Zhou is the
Founder and Chairman of Shanghai Weida Hi-Tech Group Co., Ltd., a
leading and comprehensive enterprise engage in IT product
distribution, real estate development, infrastructure construction,
fast moving consumer goods sales and marketing in China since 1994.
Ms. Zhou is a member of the national committee of CPPCC and Chinese
National Youth Union, vice president of the Chinese Young
Entrepreneurs' Association and Shanghai Chamber of Commerce. Ms.
Zhou received a Ph.D. in economics from Fudan University in 2008
and an MBA from China Europe International Business School in 2002.
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, Secular Bird and Seed Music. 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: +86-10-8455-5532 Email:
http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGODATASOURCE:
Hurray! Holding Co., Ltd. CONTACT: Christina Low, Investor
Relations Officer, +86-10-8455-5532, or
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