AsiaInfo Messaging Products Selected for Liaoning Telecom Internet Infrastructure Expansion; Company's Unified Messaging Product Achieves Initial Success.

Business Editors/High-Tech Writers

BEIJING and SANTA CLARA, Calif.--(BUSINESS WIRE)--November 17, 2000

AsiaInfo Holdings, Inc. (Nasdaq:ASIA) announced today that it has signed a contract to provide Liaoning Telecom, a provincial subsidiary of China Telecom, with messaging products and services for its Phase IV Internet infrastructure expansion project. The contract is valued at US$ 1.6 million in total, of which more than 74% is for software and services.

Aside from the flagship messaging product -- AIMC, AsiaInfo's unified messaging product -- AIUM was also selected for this project. The highly scalable software enables an integrated communication solution encompassing email, fixed-line phone, wireless phone, fax and pager with the ability to support millions of users simultaneously. AIUM can be seamlessly integrated with AIMC as well as third party messaging products. AsiaInfo is among the first vendors that offer unified messaging products in China.

"We have seen increasing demand for unified messaging products in the China market. The substantial research and development efforts that we have put into AIUM will help maintain our solid product leadership in Internet messaging software market space," said Steve Zhang, Senior Vice President of AsiaInfo's Software Strategic Business Unit. "The positive initial market acceptance gives us the first mover advantage to capture a potentially lucrative market opportunity. We are confident that we will have a successful roll-out of this new product across the country in the next few months."

This contract is the tenth provincial Internet expansion project that AsiaInfo has signed with China Telecom since the beginning of 2000. The ten contracts account for a majority of China Telecom's spending on local Internet build-out, covering provinces with the highest Internet penetration including Hebei, Sichuan, Guangdong, Shangdong, Zhejiang, Yunnan, Heilongjiang, Beijing, Tianjin and Liaoning provinces.

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of Internet infrastructure solutions and software in China. The company offers telecommunications service providers total network solutions and develops proprietary software for Internet service providers, Internet content providers and telecommunications service providers. Its customer management and billing software products meet the complex, mission-critical provisioning, accounting, reporting and marketing needs of Internet and telecommunications service providers. In addition, the company supplies carrier-scale messaging products to Internet service providers in China. Since it moved its operations from the US to China in 1995, AsiaInfo has served as a chief architect of China's Internet infrastructure, crafting Internet backbones for all the major national carriers including China Telecom, China Unicom, China Netcom and China Mobile. For more information about AsiaInfo, please visit http://www.asiainfo.com.

The statements in this news release contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from anticipated results. Further information on risk factors that could affect AsiaInfo's results of operation are detailed in AsiaInfo's registration statement, as filed with the Securities and Exchange Commission. A copy of the registration statement, including exhibits, may be reviewed at the Commission's public reference room at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549. The registration statement and other company filings can also be reviewed by accessing the Commission's Internet site at http://www.sec.gov, which contains reports, proxy and information statements and other information regarding registrants that file electronically with the Commission.