Hurray! Holding Co., Ltd.
11th floor, China Railway Construction Plaza, 20 Shijingshan Road,
Shijingshan, Beijing 100131, China
News release of July 29, 2010 • Hurray! Shareholders Approved Issuance of Additional Shares,
Asset Transactions, and Name Change and Elected Directors, page 1
FOR IMMEDIATE RELEASE
Hurray! Shareholders Approved Issuance of Additional Ordinary Shares, Asset
Transactions, and Name Change and Elected Directors
BEIJING, China, July 29, 2010 /Xinhua-PRNewswire/ — Hurray! Holding Co., Ltd. (Hurray!) (Nasdaq:
HRAY), a leading company in online video portal operations, artist development, music production,
wireless music distribution, and other wireless value-added services in China, today announced that
its shareholders, during its Annual General Meeting of Shareholders on July 28, 2010, approved the
issuance of 553,846,154 ordinary shares of Hurray! Holding Co., Ltd. (“Hurray!”) to Shanda
Interactive Entertainment Limited (“Shanda”) in connection with the acquisition of Shanghai Yisheng
Network Technology Co., Ltd., (“Yisheng”) and certain contracts relating to the Yisheng acquisition.
Hurray!’s shareholders also approved the sale of Hurray!’s wireless value-added services and
recorded music businesses to Shanda in exchange for an aggregate of US$36,944,267 in cash,
subject to adjustment. The asset transactions are expected to be completed on or before
November 28, 2010.
The shareholders also approved the change of Hurray!’s name to Ku6 Media Co., Ltd., and elected
all nine directors who were nominated for election.
About Hurray! Holding Co., Ltd.
Hurray! is a leader in video, music, and wireless value-added services. In video, through its Ku6
subsidiary, Hurray! is a leader in online video portal operations. This operation will be Hurray!’s
primary business after Hurray!’s other businesses, listed below, are sold on or before November 28,
2010 to Shanda Interactive Entertainment Limited.
In music, Hurray! provides artist development, music produ