Hurray! News

Hurray! Ranked #1 on Profitability Top 10 Lis

BEIJING, China -- /Xinhua-PRNewswire/ -- June 16, 2005 -- Hurray! Holding Co., Ltd. (Nasdaq: HRAY), a provider of advanced wireless value-added services and mobile telecommunication network software in China, announced that it has been ranked #1 in the category of "Top Profitability" in a review of the top 100 publicly listed privately-owned enterprises in China. This annual review is co-sponsored by Oriental Entrepreneur magazine, the China Europe International Business School and China Business News.

Commenting on this announcement, QD Wang, Chairman and Chief Executive Officer of Hurray!, said, “We are honored by the award. We believe it is a recognition of Hurray!’s achievements and our market leadership thus far.” Mr. Wang continued, “We are committed to enhancing our market position and operational performance going forward.”

Previously on May 20, 2005, Chinese Entrepreneur magazine named Hurray! to its 2005 list of “Future Stars -- Top 21 Enterprises with Most Growth Potential.” This list was compiled by 56 businesspeople and scholars from the areas of management consulting and securities investments, as well as government officials, and focused on small- to mid-size Chinese companies.

About Hurray! Holding Co., Ltd.

Hurray! provides wireless value-added services such as ringtones, picture downloads, community and entertainment services to mobile users in China. The company is one of the market leaders in providing these services using wireless application protocol, commonly referred to as WAP, in China. WAP services are offered through the advanced 2.5G mobile networks, the most advanced broadly available mobile networks deployed in China. Hurray! also offers these services through 2G mobile networks.
In addition, Hurray! designs, develops, sells and supports a service provisioning and management software that is used by China Unicom, one of the two principal mobile operators in China, to support its 2.5G services platform.

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: Hurray!'s ability to maintain its leading position in the market for wireless value-added services in China, including its ability to anticipate or address changes in technologies and user preferences in an effective and timely manner; the risk that Hurray's profitability may be adversely affected in future periods for a variety of reasons, many of which may be beyond management's control; the state of Hurray!'s relationships with China's mobile operators; and other risks outlined in Hurray!'s filings with the Securities and Exchange Commission, including its registration statement on Form F-1, as amended. Hurray! does not undertake any obligation to update this forward-looking information, except as required under applicable law.