AsiaInfo Signs Multiple Software Contracts With China Mobile; Chinese Carriers Continue to Focus New Investment On Software.

Business Editors/High-Tech Writers

BEIJING & SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 17, 2002

AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of telecom software solutions in China, today announced that it has signed several contracts to provide email messaging software and short messaging service (SMS) gateway to China Mobile headquarters and its provincial subsidiaries in Shanghai, Sichuan and Xizang (Tibet).

Having deployed AsiaInfo's flagship messaging software -- AIMC -- China Mobile headquarters contracted AsiaInfo again to develop a new function on top of its existing version of AIMC in order to support China Mobile's upcoming multimedia messaging services (MMS) offering, which will allow subscribers to send and receive messages composed of text, pictures, animation and music through mobile phones. China's mobile market has experienced tremendous usage of SMS, and holds high demand expectation for MMS, an advanced extension of SMS. Allowing text messages to transmit over wireless network, SMS has emerged as one of the most important wireless applications in China. In more developed cities such as Beijing and Shanghai, SMS traffic has reached 10 million messages per day.

As China Mobile subsidiaries such as Shanghai Mobile and Sichuan Mobile plan to offer email services at a provincial level, AIMC will be installed locally to facilitate such services. In a separate contract, AIMC short messaging gateway (software) was sold to Xizang Mobile to enable SMS capability in this developing area.

"These wins indicate that Chinese carriers are increasingly focusing their new investments on software products and solutions, and show great confidence in the quality of AsiaInfo's software," said James Ding, president and chief executive officer of AsiaInfo. "The growth of the Chinese data market is not only characterized by an increasing number of subscribers, but also by an increase in customer sophistication. AsiaInfo's continuous growth will benefit from these two significant market drivers."

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of telecom 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.

The company offers a full range of telecom software solutions including Network Infrastructure, Operation Support Systems and Service Applications. AsiaInfo's products and services cover network infrastructure services, including design, implementation, operation and optimization, customer care and billing software; decision support system software; and service applications encompassing messaging, broadband, wireless and other advanced applications.

A Delaware-registered company, AsiaInfo has constructed national backbones and provincial access networks for all of China's major national telecom carriers since 1995, including China Telecom, China Netcom, China Mobile, China Unicom and China Railcom. 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.

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.