Hurray! Announces Change of Independent Auditors
December 11 2009 - 9:00AM
PR Newswire (US)
BEIJING, Dec. 11 /PRNewswire-Asia/ -- Hurray! Holding Co., Ltd.
(NASDAQ: HRAY), a leading company in artist development, music
production and wireless music distribution and other wireless
value-added services in China, today announced the appointment of
PricewaterhouseCoopers ("PwC") as the Company's independent
registered public accounting firm. PwC replaces the Company's
previous independent auditors, Deloitte Touche Tohmatsu CPA Ltd.
("Deloitte"). (Logo:
http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO ) The
appointment of PwC in replacement of Deloitte has been approved by
the Company's Audit Committee. Upon the appointment, PwC is
expected to be working with Deloitte to ensure a seamless
transition. During the fiscal years ended December 31, 2008, and
December 31, 2007, respectively, and in the subsequent interim
period ended June 30, 2009, there were no disagreements between the
Company and Deloitte on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction
of Deloitte, would have caused Deloitte to make reference to the
subject matter of the disagreement in their reports on the
financial statements for such years. About Hurray! Holding Co.,
Ltd. Hurray! is a leading company 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 and the preparation of its
financial reports caused by the change in auditors; 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 Phone: +86-10-8869-5237 Email:
http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO DATASOURCE:
Hurray! Holding Co., Ltd. CONTACT: Christina Low, Investor
Relations Officer of Hurray! Holding Co., Ltd., +86-10-8869-5237,
Web site: http://www.hurray.com/
Copyright