BEIJING, Sept. 16 /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 the resignation from the Board, effective September 15, 2008, of
co-founder and director Mr. Jesse Liu.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050314/CNM005LOGO )
Concurrently, the Company is pleased to announce the appointment of Dr.
Thomas Ng to the Hurray! Board of Directors. Dr. Ng is the co-founder of GGV
Capital and was the founder of Venture TDF both in Singapore and China
(currently known as TDF Capital in China). In addition, Dr. Ng earned his Ph.D.
in Bacteriology and Biochemistry in 1981 from the University of Wisconsin at
Madison and was voted one of the most promising scientists by the 'Who's Who'
in 1981 and 1982 and has numerous publications and patents worldwide.
Throughout his remarkable career, Dr. Ng has many years of senior
management and investment experience in the high-technology industry. Dr Ng
was an early investor and director of Alibaba, and was ranked by Forbes 2007
Midas List 100 as one of the top global tech dealmaker. Currently, Dr. Ng
serves on the Board of Directors for Sinosun, AAC, Boston-Power and MediaRing.
He was a former board member of Genelabs Technologies, Savi Technology
(acquired by Lockheed), and Oculex (acquired by Allergan) and has also served
on the Dartmouth College Engineering Advisory Board and MIT BPEC advisory
board and the board of the Singapore National Science and Technology.
QD Wang, Hurray!'s Chairman and Chief Executive Officer, commenting on the
changes, stated, 'On behalf of the Board and the company, I would like to
express our appreciation to Jesse for his significant contribution and efforts
to the Company's growth and success in the past seven years. We wish him the
best success in his future endeavours.'
'In addition, I would also like to welcome Thomas Ng to the Board. His
diversified experience and background will be of enormous value to our
business.
