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ASIA Stock: AsiaInfo Wins Tender to Develop OCS for China Telecom in Heilongjiang Province

'This tender win deepens our relationship with China Telecom in the OCS space which began last year in Hebei province with their extended next generation wireless network,' said Steve Zhang, AsiaInfo's president and chief executive officer. 'Over the past two years, we have worked closely with China Telecom looking for new opportunities to implement our best-of-class, innovative software solutions and services to support the company's expansion from a primarily fixed-line and broadband operator to a wireless service provider. We are pleased to continue our collaboration and are confident that this OCS solution will play an integral role in the future development of the company's CDMA operation, 3G network and value-added services.'

AsiaInfo will develop a comprehensive set of OCS solutions to enhance China Telecom's real-time billing solutions across its service offering. The system will integrate existing billing networks and platforms with China Telecom's future 3G networks and other value-added services. In addition, the system will also combine customer credit control and risk management analysis functionalities to lower credit risk in developing new business and expanding customer base. The system is expected to accommodate approximately 1 million pre-paid customers.

The Company announced tender wins to develop OCS solutions for China Telecom's extended next generation wireless network in Hebei province and Zhejiang province in October 2007 and May 2008, respectively.

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq: ASIA stock) is a leading provider of high- quality telecom software solutions and IT security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.

Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.

For more information about AsiaInfo, please visit http://www.asiainfo.com .

Safe Harbor Statement

The information contained in this document is as of August 29, 2008. 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 billing 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, 2007, 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 http://www.sec.gov .

    For investor and media inquiries please contact:

     Sheryl Zhang
     AsiaInfo Holdings, Inc.
     Tel:   +86-10-8216-6039
     Email: ir@asiainfo.com

     Andrew Keller
     Ogilvy Financial, Beijing
     Tel:   +86-10-8520-3112
     Email: andrew.keller@ogilvy.com