BEIJING, June 20 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd.
(Nasdaq: HRAY), a leader in artist development, music production and
wireless music distribution and other wireless value-added services in
China, today announced that its President, Chief Operating Officer, and
acting Chief Financial Officer Sean Wang will, effective June 20, 2008,
resign from his position as President, Chief Operating Officer, and acting
Chief Financial Officer of the company. Following his resignation, Ms.
Xiaoqing Guo, currently Vice President and Financial Controller of the
company, will assume the role of acting Chief Financial Officer of the
company.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO )
"Sean Wang has contributed significantly to help us execute our
strategy to become a leading entertainment content production and
distribution house in China. I wish him well in his future endeavors,"
remarked QD Wang, Chairman and Chief Executive Officer of the company.
"I thank QD Wang and the board for entrusting me with these vital
responsibilities, and moving forward, I am confident that Hurray! will
achieve further success to become a leading entertainment content
production and distribution house in China," commented Sean Wang.
About Hurray! Holding Co., Ltd.
Hurray! is a leader in artist development, music production and offline
distribution in China through its record labels Huayi Brothers Music,
Freeland Music, New Run Entertainment, and Secular Bird. 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: continued competitive pressures in China's
wireless value-added services market; changes in technology and consumer
demand in this market; the risk that Hurray! may not be able to control its
expenses in future periods; Hurray!'s ability to succeed in the music
development, production and distribution business, with which it has only
limited experience; changes in the policies of the mobile operators in
China or the laws governing wireless value-added services; the state of
Hurray!'s relationships with China's mobile operators and the risk that
Hurray! may be subject to further sanctions and penalties from them in
future periods; 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:
Christina Low F.S.
Investor Relations Officer
Tel: +86-10-8455-5566 x5532
Email: IR@hurray.com.cn
See Also
