Hurray! News

Hurray! Announces Management Changes

2009-10-15

Hurray! Announces Board Changes 2009-09-07 BEIJING, October 15, 2009 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd. (Nasdaq: HRAY - News), 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.

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.

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For more information, please contact:
Christina Low F.S.
Investor Relations Officer
Tel: 8610-88695237
Email: IR@hurray.com.cn

SOURCE: Hurray! Holding Co., Ltd.