AsiaInfo Announces Appointment of Ying Wu to Board.Business Editors BEIJING & SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--July 21, 2003 AsiaInfo Holdings, Inc. (Nasdaq:ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. ), a leading provider of telecom network and software solutions in China, today announced the appointment of Ying Wu as an Independent Director to its Board. A veteran to the telecommunications industry, Mr. Wu is the co-founder and Vice-Chairman of UTStarcom Inc. (Nasdaq:UTSI UTSI University of Tennessee Space Institute ), a leading global provider of wireless and wireline access and IP switching Switching TCP/IP packets at high speed. Ipsilon's IP Switch started the trend and various vendors followed suit with different approaches, including Cisco's tag switching and 3Com's Fast IP. The goal was to switch IP packets faster than traditional router-based layer 3 forwarding. solutions, and President of UTStarcom China. Before founding Starcom in 1991, which later merged with Unitech in 1995 to become today's UTStacom, Mr. Wu was a member of the technical staff and senior project manager of AT&T Bell Labs, which he joined in 1987. He holds a MS in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from New Jersey Institute of Technology and a BS in wireless communication from Beijing Industrial University. Mr. Wu replaces Louis Lau, who has been a member of AsiaInfo's Board of Directors from the company's inception. Mr. Lau's resignation from the Board and Mr. Wu's appointment are effective immediately. James Ding, Chairman of AsiaInfo's Board of Directors said, "We are extremely pleased to welcome Ying as an Independent Director. His deep knowledge of the Chinese telecom market and his experience in leading a rapidly growing NASDAQ-listed company will certainly further strengthen our Board, and we look forward to his contribution." Mr. Ding continued, "I would also like to take this opportunity to thank Louis for his many years of dedicated service to AsiaInfo. We are very grateful for his ongoing advice and council and look forward to his continued support in the years to come." Mr. Lau said, "While it is difficult to leave the Board of a company that I have worked closely with for so long, I am pleased that my seat as a director will be filled by someone as well qualified as Ying Wu. I am confident that he will add great value to the AsiaInfo Board and to the long-term development of the company." About AsiaInfo Holdings, Inc. AsiaInfo Holdings, Inc. (Nasdaq: ASIA) is a leading provider of telecom network and software solutions in China. The company provides high-quality software and solutions to China's telecom carriers, meeting the demanding needs of a fast-growing industry. AsiaInfo's products and services cover network infrastructure services including design, implementation, operation and optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. , customer management and billing solutions; decision support systems; and service applications encompassing messaging, broadband, wireless and other advanced applications. Organized as a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. , AsiaInfo has constructed national backbones and provincial access networks for all of China's major national telecom carriers since 1995, including China Telecom, China Mobile, China Unicom China Unicom, full name China United Telecommunications Corporation, 中国联通, HKSE: 0762 NYSE: CHU, is a telecommunication operator in the People's Republic of China. 52. and China Netcom China Netcom, full name China Netcom Group Corporation (Hong Kong) Limited, abbreviated CNC, was originally formed in August 1999 by the People's Republic of China government to enable inward investments to build high speed Internet communications in the country. . Since 2000, the company has successfully shifted its focus from Internet infrastructure construction to the provision of a full suite of telecom software solutions. For more information about AsiaInfo, please visit http:/www.asiainfo.com. |
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