Hurray! News

Hurray! Appoints Sean Wang as President and Chief Operating Officer

BEIJING, May 23, 2006/Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd. (Nasdaq: HRAY - News), a leader in wireless music distribution and other wireless value-added services, artist development and music production, and wireless value-added services management software in China, today announced that Mr. Sean (Shaojian) Wang has jointed Hurray! as President and Chief Operating Officer (COO), effective immediately.

Prior to Hurray!, Mr. Sean Wang was COO and acting Chief Financial Officer (CFO) at Opta Corporation, a public listed consumer electronics company in the US controlled by TCL. He also served as CFO at Pacificnet Inc., a leading technology investment and management company that invests in CRM solutions, mobile applications, and telecommunications in Asia. From 1987 to 2002, he served as a company manger at Ecolab, Inc. and as the managing director at Thian Bing Investments PTE, Ltd.. Mr. Sean Wang attended Peking University and received a BS in Economics from Hamline University and an MBA from Carlson School of Management, University of Minnesota.

Commenting on this event, Hurray!’s Chairman and Chief Executive Officer, QD Wang, said, “We are very pleased to have Sean on board and take charge of day-to-day operations at Hurray!. We will continue to strengthen our management to ensure sustained revenue and profit growth going forward.”

About Hurray! Holding Co., Ltd.

Hurray! is a leading provider of music and music-related products such as ringtones, ringbacktones, and truetones to mobile users in China through SMS, IVR, RBT, WAP, MMS and Java 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.

In addition, Hurray! is a leader in artist development, music production and offline and online distribution in China through its majority controlled record labels Huayi Brothers Music and Hurray! Freeland Music.

Hurray! also designs, develops, sells and supports a service provisioning and management software for mobile operators in China to manage wireless value-added 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: uncertainties associated with Mr. Sean Wang serving as President and COO at Hurray!; 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 x 6806
yfmeng@hurray.com.cn

SOURCE: Hurray! Holding Co., Ltd.