Chinese wireless value-added services firm Hurray Holding Company Ltd. just announced the resignation of the company's president, CEO, and co-founder Qindai Wang.

Dr. Songzuo Xiang will become the new CEO. Dr. Xiang has been a member of the company's board since July 2000 and will work with Wang to ensure a smooth transition of management.

Wang will continue as a director of the company and chairman of the board.