AsiaInfo Wins Billing Software Contract from China Post.

Business Editors/High-Tech Writers

BEIJING and SANTA CLARA, Calif.--(BUSINESS WIRE)--June 21, 2001

AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of software products and infrastructure solutions for next generation network operators in China, announced today that it has signed a contract to provide billing and customer care software and solutions to China Post, the national postal service bureau in China.

After a competitive bidding process, AsiaInfo was selected to provide software, hardware and integration services to build the billing system for China Post's nationwide Internet infrastructure. The network brings together a national center and three local centers in Beijing, Shanghai and Guangzhou. The entire infrastructure forms the framework of China Post Electronic Commerce Network, through which China Post will provide on-line postal services and other value-added services to end users. The network is expected to be open for trial by the end of 2001, after which large-scale nationwide expansion will be implemented.

China Post is China's national postal service organization with an extensive delivery network of over 80 thousand branches. With revenue of RMB 42.4 billion (over US$ 5 billion) in 2000, China Post is transforming its network into a channel for information, merchandise and capital with a large scale network that incorporates advanced technology and high service quality. Making postal services available to the public on an electronic platform is the first critical step to execute on the strategy. Moreover, the company plans to expand service offering and develop electronic commerce through the on-line vehicle, while taking advantages of its numerous delivery routes across the country. The highly scalable IP billing and customer care software from AsiaInfo - AIOBS was selected to enable service provision and user management.

"We are pleased to have been selected by China Post for this project. This contract win not only further diversifies our existing customer base, but also represents the successful penetration of our software products into non-telecom markets. An increasing number of large enterprises in China are seeking to develop an electronic side of their brick-and-mortar business. By combining strong track records in traditional industries with new business interfaces, these companies are expected to continue their success in the Internet era. AsiaInfo is excited to be in a position to service these customers' technology requirements," James Ding, president and CEO of AsiaInfo commented.

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of software products and infrastructure solutions for next generation network operators in China.

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 Mobile, China Unicom, and China Netcom. 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.