AsiaInfo and Shanghai Mobile Sign Strategic Co-Operation Agreement and BOSS Optimization Contract.

Business Editors/High-Tech Writers

BEIJING & SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 19, 2003

AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of telecom network and software solutions in China, today announced that it has signed an agreement with Shanghai Mobile, one of China Mobile's largest provincial subsidiaries, for future strategic co-operation, particularly in the Business Operation Support System (BOSS) related field. Immediately following the signing of the agreement, AsiaInfo was also awarded a contract by the carrier to optimize its BOSS network.

According to the agreement, the two parties will work closely together on joint research and development of advanced BOSS technology, as well as planning and implementation of Shanghai Mobile's long-term BOSS development strategy. Under the agreement, a specific advisory board will be formed, with key personnel from both sides to oversee the strategic development of the carrier's BOSS network. AsiaInfo will not only provide the carrier with its leading BOSS solutions and superior services on an ongoing basis, but also bring comprehensive consulting services to the carrier in the field, sharing AsiaInfo's rich partnership resources with the carrier. The agreement will also encourage the two parties to collaborate in fields other than BOSS.

The BOSS optimization project awarded to AsiaInfo will provide solutions and services to enhance the flexibility, reliability and user-friendliness of the carrier's current BOSS network, with a focus on its billing component. Upon completion of the project, the optimized network will be capable of handling 8 million subscribers and their increasingly diversified demands, with fully differentiated and customized service options.

"This cooperation agreement is a result of the long-term strategic relationship Shanghai Mobile and AsiaInfo have built over the past eight years," said Jie Zheng, General Manager of Shanghai Mobile. "We very much appreciate the strong support and services with which AsiaInfo has provided us. The transition of our relationship from that of seller and buyer to a true strategic partnership will benefit both parties in our future development, as demonstrated by this project. With the help of partners such as AsiaInfo, Shanghai Mobile is dedicated to delivering premium services that fulfill our end users' every need."

"We are very pleased to announce this, the first strategic cooperation agreement we have entered with a mobile service carrier," said Xingsheng Zhang, President and Chief Executive Officer of AsiaInfo. "It is AsiaInfo's first-class technology, financial strength and highly skillful employee base as well as our rich industry experience that has convinced Shanghai Mobile to select us as its key partner in further strengthening and developing its BOSS network. AsiaInfo will continue to provide the carrier with our leading products and services to fully support its development efforts. Furthermore, our experience in cooperating with carriers will allow us to develop a more in-depth understanding of their needs, and provide them with further improved and finely tuned products, services and technology."

The BOSS solution contract signed between AsiaInfo and Shanghai Mobile in late 2001 was AsiaInfo's first BOSS solution contract win. In early 2003, AsiaInfo was selected by the carrier again to deploy its award-winning Customer Relationship Management (CRM) solution. AsiaInfo is now the largest system integrator and telecom solution provider for Shanghai Mobile's BOSS network. The two companies have also worked closely together in other fields, from the construction of data network to the deployment of short message gateway solution.

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of telecom network and 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. AsiaInfo's products and services cover network infrastructure services including design, implementation, operation and optimization, customer management and billing solutions; decision support systems; and service applications encompassing messaging, broadband, wireless and other advanced applications.

Organized as a Delaware corporation, AsiaInfo has constructed national backbones and provincial access networks for all of China's major national telecom carriers since 1995, including China Telecom, China Mobile, China Unicom and China Netcom. 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 information contained in this document is as of Nov. 19, 2003. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.

This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2002, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at www.sec.gov.