Press Release

Morrison & Foerster acts for China HR in the acquisition of a 40% stake by Monster Worldwide, Inc.


Morrison & Foerster Hong Kong represented China Holdings Ltd., a leading Chinese online recruitment company, in connection with the acquisition of a 40% stake in China HR by Monster Worldwide, Inc. (NASDAQ: MNST-News) for an aggregate consideration of US$50 million. The transaction closed on February 1, 2005.

The MoFo team included Hong Kong office partner Robert Woll and associate Louise Liu, Palo Alto office associate Joseph Yu and Hong Kong office legal assistant Carrie Wo. Patrick McCabe and Thomas Scholz from the San Francisco office advised on issues relating to China HR's stock option plan and awards.

About Holdings, Ltd.:

Founded in 2000, China Holdings Ltd is the owner of®, one of the leading and most widely recognized online recruitment Web sites in China. ChinaHR provides online recruiting, campus recruiting and human resources value-added services. Headquartered in Beijing, ChinaHR has approximately 480 employees and operates in 10 major cities in China. More information about ChinaHR is available at

About Monster Worldwide

Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster®, the leading global online careers property. The company also owns TMP Worldwide, the world's largest Yellow Pages advertising agency and one of the world's largest Recruitment Advertising agency networks. TMP Worldwide is also a provider of direct marketing services. Headquartered in New York with approximately 5,000 employees in 26 countries, Monster Worldwide (NASDAQ: MNST - News) is a member of the S&P 500 Index. More information about Monster Worldwide is available at




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