AsiaInfo Wins Multiple Software and Solution Contracts to Build China Mobile Provincial IP Networks.

Business Editors/High-Tech Writers

BEIJING/SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 19, 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 multiple contracts with China Mobile to provide integration services and its flagship software products for provincial data networks in Guizhou, Ningxia, Shaanxi and Sichuan. The contracts are valued at more than US$5.2 million in total.

Under the initial phase of the four projects, AsiaInfo's billing and customer management software (AIOBS), messaging software (AIMC and AIUM) and network management software (AISerbase) will be deployed to support wireless data service provisioning and customer management. Recurring software orders are expected as further capacity expansion takes place.

All four provinces involved in the new contracts are located in China's interior, where economic development has been slow in comparison to the country's coastal provinces. As the government strives to narrow the economic gap among provinces, information infrastructure development in the interior is receiving increasing investment. In 2000, AsiaInfo signed a contract with China Mobile to build the operator's national IP backbone. Since then, the company has been constructing data networks for China Mobile in nearly half of China's 31 provinces. Upon completion of these networks, China Mobile will be able to service over 600 million inhabitants, or half of China's population.

China's mobile market has witnessed explosive growth recently. It is reported that China has surpassed the U.S. to become the largest mobile market in the world with a total user base of 120 million. With products and solutions that support value-added services provisioning, customer management, decision support and other back-end functions, AsiaInfo is assisting wireless services providers in capitalizing on this large and continually growing customer base.

James Ding, president and chief executive officer of AsiaInfo said, "The wireless data market in China undoubtedly offers tremendous business opportunities for AsiaInfo in 2001 and beyond. As new players like China Mobile further roll out their data network infrastructure on the provincial level, their continuous investment in infrastructure is very encouraging." He continued, "The data communications market in China is gradually maturing in terms of both technology sophistication and network coverage. While helping our customers upgrade their technology and increase capacity, AsiaInfo has the experience and track record to expand these networks to the country's most remote regions."

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.