BEIJING, April 2 /PRNewswire-Asia/ -- 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 the resignation as President and Chief Executive Officer of co-founder and director Mr. Qindai Wang. Mr. Wang will continue as a director of the Company and Chairman of the Board.
(Logo: http://www.prnasia.com/sa/200811121823-min.jpg )
Concurrently, the Company is pleased to announce the appointment of Dr. Songzuo Xiang as Chief Executive Officer. Dr. Xiang has been a member of the Board since July 2000 and will work with Mr. Wang to ensure a smooth transition of management.
Dr. Xiang, commenting on the changes, stated, “On behalf of the Board and the company, I would like to express our appreciation to Mr. Qindai Wang for his significant contribution to the Company’s growth and success in the past seven years. I am pleased that he will continue to help the Company as we transition to new management, and we look forward to benefiting from his extensive experience with our business and our industry. We wish him the best success in his future endeavors.”
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, Secular Bird and Seed Music Group.
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: the ability of the company to avoid disruptions to its business caused by changes in management; the ability of the company to recruit and retain suitable management members; and other risks outlined in Hurray!’s filings with the Securities and Exchange Commission, including its registration statement on Form F-1, as amended, and annual reports on Form 20-F. 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: +86-10-8455-5532
Email: IR@hurray.com.cn
