AsiaInfo Releases New Versions of Internet Software Products; Company Strengthens Software Market Leadership, Product Enhancements to Address Emerging Business Opportunities.

Business Editors/High-Tech Writers

BEIJING, China & SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 29, 2000

AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of Internet infrastructure solutions and software products in China, today announced the release of two new versions of its leading software products: AsiaInfo Online Billing System (AIOBS) 6.0 and AsiaInfo Messaging Center (AIMC) 2.9. The on-schedule product releases demonstrate the company's solid software strategy, strong R&D capability and fast response to ever-changing market demands.

New additions to AIMC 2.9 enhance three main areas: secure email access and transmission, PDA email and built-in anti-virus module. As email has become more common to Chinese businesses, dependable security and anti-virus functions are critical. Furthermore, the fast growing PDA market has introduced a new group of email users, for whom the PDAMail module of AIMC was developed. New modules were also created in AIOBS 6.0 to serve the billing requirements of emerging telecom/Internet service providers (ISPs) in China, including an Internet data center (IDC) billing module, a cable Internet billing module and a WAP billing module. The convergence feature of AIOBS 6.0 enables service providers to offer one-stop-shopping services and demonstrates flexibility to operators' various billing schemes.

AIOBS was first launched in 1996. Today, the third generation software product offers tremendous improvements in architecture, functionality and capacity. AIOBS has been deployed by all leading telecom carriers in China including China Telecom, China Unicom, China Mobile and China NetCom. In addition, the newly created modules have already started bringing in new customers, the country's emerging ISPs. By the end of November 1, 2000, 12.5 million AIOBS IP licenses and 18 million AIOBS VoIP licenses had been sold. The first commercial application of AIMC began in June 1999. AIMC 2.9 is the fifth version of the product. By the end of November 11, 2000, 27.8 million AIMC licenses had been sold. In addition to major carriers, top ICPs such as China.com and 21cn.com are also among the key clients.

"AIOBS 6.0 represents an ideal platform for service providers at all stages who strive to seize diverse opportunities in the China Internet market. AIMC 2.9 offers a more convenient and secure messaging environment which is essential to the success of a variety of ISPs, ICPs and other Internet operators," said Steve Zhang, Senior Vice President of Software at AsiaInfo. "With the tremendous efforts we have put into our R&D team, we believe our leadership in the China Internet software market is apparent and sustainable."

"The China telecommunications industry is experiencing unprecedented growth with constantly escalating market demand and an increasing number of new service vendors. AsiaInfo is committed to its customers and will continue to offer software products with high performance and scalability to meet the emerging market demands," said James Ding, CEO of AsiaInfo. "We are confident that our software strategy will continue to assist our customers in successfully achieving their business goals."

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.