posted: 82 DAYS 23 HOURS AGO
BEIJING, Sept. 7 /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 from the Board, effective September 1, 2009, of Mr.
Alan Russell Powrie and Mr. Suberna Shringla. Concurrently, the Company is
pleased to announce the appointment of Mr. Bruno Wu and Ms. Tongyu Zhou to the
Hurray! Board of Directors, with immediate effect.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO )
Mr. Bruno Wu has served as a director of Shanda Interactive Entertainment
Limited since October 2006. Mr. Wu is the Co-Founder and Chairman of The Sun
Media Investment Holding Group of Companies, one of China's largest privately
held media groups with investment interests in 20 media-related companies and
a portfolio of over 60 media brands and products. Mr. Wu served as Co-Chairman
of SINA Corporation from 2001 to 2002 and as the Chief Operating Officer of
ATV, one of the two free-to-air networks in Hong Kong, from June 1998 until
February 1999. Mr. Wu received his Diploma of Studies in French civilization
from the University of Savoie, France, in 1987. He graduated with a Bachelor
of Science in Business Administration-Finance from Culver-Stockton College in
Missouri in December 1990. He received his Master of Arts in International
Affairs degree from Washington University, Missouri in 1993 and a Ph.D. in the
International Politics Department of College of Law, Fudan University,
Shanghai, China, in 2001.
Ms. Tongyu Zhou is the Founder and Chairman of Shanghai Weida Hi-Tech
Group Co., Ltd., a leading and comprehensive enterprise engage in IT product
distribution, real estate development, infrastructure construction, fast
moving consumer goods sales and marketing in China since 1994. Ms. Zhou is a
member of the national committee of CPPCC and Chinese National Youth Union,
vice president of the Chinese Young Entrepreneurs' Association and Shanghai
Chamber of Commerce. Ms. Zhou received a Ph.D. in economics from Fudan
University in 2008 and an MBA from China Europe International Business School
in 2002.
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. 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",
"future" 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; the ability of Hurray! to avoid
disruptions to its business caused by changes in the board; the ability of
Hurray! to recruit and retain suitable board members; 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, 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
Investor Relations Officer
Tel: +86-10-8455-5532
Email: IR@hurray.com.cn
SOURCE Hurray! Holding Co., Ltd.