SOFTWARE ASSIGNMENT AGREEMENT

     This Software Assignment Agreement (the "Agreement") is entered into as of
May 5, 2004 between the following two parties.

The Assignor:    Hurray! Solutions Ltd.
Legal Address:   Floor 3, Rm.318, No.12 Fu Xing Road, Haidian District, Beijing

The Assignee:    Hurray! Times Communications (Beijing) Ltd.
Legal Address:   Room B 07, Tong Heng Plaza, No.4 Huanyuan Road, Haidian
                 District, Beijing

     WHEREAS, the Assignor, a limited liability company registered in Beijing
under the laws of the People's Republic of China (the "PRC"), owns the Software
as defined in Appendix 1 (the "Software").

     WHEREAS, the Assignee is a wholly foreign-owned enterprise registered under
the laws of the PRC in Beijing;

     WHEREAS, the Assignor agrees to assign the Software to the Assignee and the
Assignee agrees to accept the assignment of the Software.

     NOW, THEREFORE, the parties hereto agree as follows:

1.   Transfer of Software

     The Assignor agrees to change the registered owner of the Software into the
     Assignee and the Assignee agrees to accept the change of the registered
     owner of the Software. The Assignee shall pay the Assignor an amount of
     RMB 1000 for the Software transferred hereunder.

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2.   Registration Fees

     The registration for the change of the registered owner of the Software
     shall be undertaken by the Assignor and the Assignor shall bear the
     registration fees incurred hereby.

3.   Representations and Warranties

     3.1  The Assignor hereby represents and warrants as follows:

     3.1.1 the Assignor is a limited liability company duly registered and
          validly existing under the laws of the PRC.

     3.1.2 the Assignor has the exclusive ownership of the Software and no
          rights or equity of any third party is prejudiced due to the use of
          the Software. There is no litigation or any other disputes arising
          from or relating to the Software.

     3.1.3 the Assignor, subject to its business scope and corporate power, has
          taken necessary steps and obtained full authority and all consents and
          approvals of any other third party and government agency necessary to
          execute and perform this Agreement, which shall not conflict with any
          enforceable and effective laws or contracts.

     3.1.4 once this Agreement has been duly executed by both parties, it will
          constitute a legal, valid and binding agreement of the Assignor
          enforceable against it in accordance with its terms upon its
          execution.

     3.1.5 the Assignor will not engage in any action that will be of detriment
          to the validity of the Software after the completion of the
          assignment.

     3.2  The Assignee hereby represents and warrants as follows:

     3.2.1 The Assignee is a company duly registered and validly existing under
          the laws of the PRC.

     3.2.2 The Assignee, subject to its business scope and corporate power, has
          taken necessary steps and obtained full authority and all consents and
          approvals of any other third party and governmental agency necessary
          to execute and perform this Agreement, which shall not conflict with
          any enforceable and effective laws or contracts.

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     3.2.3 Once this Agreement has been duly executed by both parties, it will
          constitute a legal, valid and binding agreement of the Assignee
          enforceable against it in accordance with its terms upon its
          execution.

4.   Effective Date and Term

     This Agreement has been duly executed by the parties' authorized
     representatives as of the date first set forth above and shall be effective
     simultaneously.

5.   Settlement of Disputes

     The parties shall strive to settle any dispute arising from the
     interpretation or performance through friendly consultation within 30 days
     after one party asks for consultation. In case no settlement can be reached
     through consultation, each party can submit such matter to China
     International Economic and Trade Arbitration Commission (the "CIETAC"). The
     arbitration shall follow the current rules of CIETAC, and the arbitration
     proceedings shall be conducted in Chinese and shall take place in Beijing.
     The arbitration award shall be final and binding upon the parties and shall
     be enforceable in accordance with its terms.

6.   Applicable Law

     The validity, interpretation and implementation of this Agreement shall be
     governed by the laws of the PRC.

7.   Amendment and Supplement

     Any amendment and supplement of this Agreement shall come into force only
     after a written agreement is signed by both parties. The amendment and
     supplement duly executed by both parties shall be part of this Agreement
     and shall have the same legal effect as this Agreement.

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8.   Severability

     Any provision of this Agreement which is invalid or unenforceable in any
     jurisdiction shall, as to that jurisdiction, be ineffective to the extent
     of such invalidity or unenforceability, without affecting in any way the
     remaining provisions hereof in such jurisdiction or rendering that any
     other provision of this Agreement invalid or unenforceable in any other
     jurisdiction.

9.   Appendices

     The Appendices referred to in this Agreement are an integral part of this
     Agreement and have the same legal effect as this Agreement.

10.  Others

     This Agreement is executed in Chinese in two copies.

     IN WITNESS THEREOF the parties hereto have caused this Agreement to be duly
executed on their behalf by a duly authorized representative as of the date
first set forth above.

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     Software Assignment Agreement

     (No Text on This Page)


By: /s/ Xiang Songzuo
    ------------------------------------
The Assignor: Hurray! Solutions Ltd.

Representative: Xiang Songzuo


By: /s/ Xiang Songzuo
    ------------------------------------
The Assignee: Hurray! Times Communications (Beijing) Ltd.

Representative: Xiang Songzuo

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                                   Appendix 1

                         Software Copyright Certificates

HS-VASPro

                                       6

Source: OneCLE Business Contracts.