AsiaInfo Wins Multiple Contracts From China Mobile to Grow Wireless Data Services

Business Wire, June 27, 2001

Business/Technology Editors

BEIJING & SANTA CLARA, Calif.--(BUSINESS WIRE)--June 27, 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 to enable the customer to offer value-added wireless data services. The contracts are valued at more than US$1.6 million in total, 50% of which is for software and services.

AsiaInfo's convergent billing and customer management software (AICBS) will be deployed in Chongqing and Sichuan for wireless data services provisioning, billing clearance and data analysis for business decision support. In the fourth largest province and the largest city in China -- with a total population of 114 million, Sichuan Mobile and Chongqing Mobile are serving a large base of mobile users.

AsiaInfo will also provide its messaging software (AIMC) and customization services to establish a connection between China Mobile's GSM network and its wireless Internet network, that will enable mobile users to enjoy an expanded scope of wireless data services. China Mobile has been a user of AsiaInfo's AIMC software since it adopted the software for its national backbone buildout in 2000.

Since the late 1990's, China's mobile market has been growing at an impressive rate, and the number of mobile users in China reached 85 million by the end of 2000. Wireless services providers are seeking new ways to take advantage of this large and continually growing customer base. AsiaInfo's products and solutions are positioned to assist carriers with this effort in a variety of aspects, including value-added services provisioning, customer management, decision support and other back-end functions. In the meantime, multi-service offerings will result in a complex billing clearance issue among mobile services providers and other telecom carriers, presenting an additional business opportunity for AsiaInfo's products and services.

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. End users' favorable initial responses and carriers' continuous investment in infrastructure have been very encouraging." He continued, "AsiaInfo has been developing convergent billing product for the last two years, and the current market development further validates our vision and leadership in this area. By providing high reliability, availability, scalability, security and performance, our products and solutions will help wireless services providers to enhance their service offering, operational efficiency and customer relationships in an effort to maintain competitiveness in the increasingly deregulated market."

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.