Hurray! Holding Co., Ltd. is an online distributor of music and music-related products, such as ringtones, ring-back-tones (RBT), and true-tones to mobile users in the People’s Republic of China, through the full range of wireless value-added services (WVAS) platforms over mobile networks and through the Internet. The Company also provides a range of other WVAS to the mobile users in the People’s Republic of China, including games, pictures and animation, community, and other media and entertainment services. The Company is also engaged in artist development, music production, offline distribution and event organization in the People’s Republic of China, through its affiliated music companies Huayi Brothers Music, Freeland Music, New Run, Secular Bird, Seed Music Group and Fly Songs. In April 2008, the Company completed the selling of its software and system integration business unit, Hurray! Times Communications (Beijing) Co., Ltd.