AsiaInfo Wins Multiple Contracts to Expand and Enhance China Netcom's Data Network.

Business Editors/High-Tech Writers

BEIJING and SANTA CLARA, Calif.--(BUSINESS WIRE)--September 7, 2001

AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of software products and infrastructure solutions for next generation network operators in China, announced today it has signed two contracts with China Netcom (CNC) to provide software products and network services to expand and enhance its data network infrastructure.

AsiaInfo's convergent billing software, AICBS was selected for China Netcom's wireless data network that allows end users to connect to the Internet without the need for fixed line dial-up. This network will initially service participants at the upcoming APEC (Asia Pacific Economic Cooperation) in Shanghai. Further roll-out of the project is expected to take place over the next six months when similar systems will be implemented in other major cities such as Beijing and Guangzhou, tremendously increasing capacity.

Under a separate project, AsiaInfo will build a regional data network covering Shanghai and other nine cities in Jiangsu province, which is one of the country's most economically advanced areas with a total population of 91 million. The regional build-out is an extension of CNCNet, China Netcom's national IP backbone, which was also constructed by AsiaInfo.

"The Internet and data communications market in China continue to witness tremendous growth, which will encourage investment in this type of infrastructure building, especially from new players such as China Netcom and China Unicom," said James Ding, president and CEO of AsiaInfo. "As the demand for high quality and high capacity telecommunications infrastructure continues, AsiaInfo strives to build up its leading position in this expanded market space, as it has successfully demonstrated in the past."

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. The company's convergent software suite also includes carrier-scale messaging and network management products. AsiaInfo constructs backbone and access networks for China's telecom carriers while providing high-end network solutions, including operations support, network security and service applications such as IP telephony and virtual private networks.

Registered in Delaware, AsiaInfo has served as a chief architect of China's Internet infrastructure since 1995, 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.