Hurray! News

Hurray! Ranked Number 122 Fastest Growing Technology Company in Asia Pacific on the 2005 Deloitte’s Technology Fast 500

BEIJING, Dec.19, 2005 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd. (Nasdaq: HRAY - News), a leader in advanced wireless value-added services, digital music production and distribution, and mobile telecommunication network software in the People’s Republic of China, today announced it ranked number 122 in the 2005 Deloitte Technology Fast 500 Asia Pacific program. Rankings are based on percentage revenue growth over three years, from 2002 to 2004.

The Deloitte Touche Tohmatsu (Deloitte) Technology Fast 500 recognizes the 500 fastest growing technology companies in Asia Pacific, Europe, Middle East and Africa, and the Americas, based on percentage revenue growth. The Deloitte Technology Fast 500 Asia Pacific program was created in 2001 to recognize the effort and dedication of the 500 fastest growing technology companies in Asia Pacific and embraces a wide range of technology areas, including the Internet, biotechnology, medical and scientific and computers/hardware. It ranks the technology companies according to their rate of gross revenue growth over the three most recent completed fiscal years.

Commenting on this announcement, QD Wang, Chairman and Chief Executive Officer of Hurray!, said, "We are honored to be the winner of this prestigious Asia Pacific award as this is a great recognition of Hurray's achievement and position in Asia. We are committed to achieving sustained and differentiated business growth in the long run."

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

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! focuses on music production and distribution.

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.

For more information, please contact:

Phoebe Meng
Investor Relations Manager
Tel: 8610-6518-8989 ext 6806
yfmeng@hurray.com.cn

SOURCE: Hurray! Holding Co., Ltd.