Hurray! Announces Management Changes
October 15 2009 - 9:00AM
PR Newswire (US)
BEIJING, Oct. 15 /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 as Chief
Executive Officer of Mr. Songzuo Xiang, and the resignation as
Chief Financial Officer and Vice President of Ms. Xiaoqing Guo for
personal reasons, with immediate effect. Concurrently, the Company
is pleased to announce the appointment of Mr. Haibin Qu to the
position of Acting Chief Executive Officer, and Mr. Li Yao to the
position of Acting Chief Financial Officer, with immediate effect.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO )
Mr. Haibin Qu has been a member of the Board since July 2009 and he
also served as the senior executive vice president of Shanda
Interactive Entertainment Limited ("Shanda") since August 2005. Mr.
Qu previously served as Shanda's senior vice president from July
2003 to August 2005, vice president from September 2002 to June
2003 and director of business development from February 2000 to
August 2002. Prior to joining Shanda, Mr. Qu served as a vice
president of Shanghai Fuwei Technology Development Co., Ltd. from
September 1996 to December 1999. Mr. Qu holds a bachelor's degree
in mechanics from Fudan University. Mr. Li Yao has served as
Shanda's associate president and financial director since November
2007. Mr. Yao also serves as a member of the board of directors and
Chief Financial Officer of Actoz Soft Co., Ltd. Prior to joining
Shanda, Mr. Yao was devoted in public accounting sector, including
over 11- year experience with KPMG Huazhen Certified Public
Accountants and has extensive finance and M&A expertise in a
wide range of industries. Mr. Yao graduated from the College of
International Business and Management, Shanghai University,
majoring in Finance and Accounting. In addition, he is a member of
the Institute of Certified Public Accountants of the People's
Republic of China. 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" 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: the ability of the company to avoid disruptions to its
business caused by changes in management; the ability of the
company to recruit and retain suitable management members; 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
Copyright